Fundings and Exits

Ride-hailing platform Ola announced today that it has raised $300 million from Hyundai and Kia as part of a strategic partnership focused on electric vehicle development. This brings the company’s total raised to $3.8 billion according to Crunchbase. Ola’s last funding was announced just three weeks ago, when the company said it had raised $56
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Digital identity startup Passbase has bagged $600k in pre-seed funding led by a group of business angel investors from Alphabet, Stanford, Kleiner Perkins, EY; as well as seed fund investment from Chicago-based Upheaval Investments and Seedcamp. The 2018-founded Silicon Valley-based startup — whose co-founder we chatted to briefly on camera at Disrupt Berlin — is
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Nested, the London-based “data-driven” estate agency that provides a cash advance to help you buy a new home before you’ve sold your old one, has laid off 20 percent of its workforce, TechCrunch has learned. According to sources, the more than 15 staff being let go were informed earlier today. The majority of departures are
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Breedr, a U.K. startup that wants to help farmers make better use of their livestock data to improve profitability, has raised £2.2 million in funding. The seed round is led by London-based LocalGlobe, with participation from Mons Investment and a number of angel investors. They include Ian Hogarth, Darren Shapland, and Jonathan McKay. The company
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Wattpad is further expanding into Asia with a new partnership and undisclosed strategic investment from Times Bridge, the global investment arm of The Times Group in India. The deal aims to help the storytelling community establish a larger presence in the country where it already counts more than 2.6 million monthly users who have shared
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Indian agriculture tech startup AgroStar announced today that it has raised a $27 million Series C for its platform, which helps farmers increase crop production, manage orders and buy supplies online. The round was led by Bertelsmann India Investments, with participation from returning investors Accel, Chiratae Ventures and Aavishkaar Bharat Fund. AgroStar bills its app
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F5 Networks took a dive yesterday after the company announced it was acquiring open-source web server NGINX. While media coverage of the deal was largely positive, the public markets appeared much more skeptical, as F5 stock finished the day down nearly 8%. As most analyses noted, the logic behind the deal is clear. F5’s existing
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Stash, the fintech startup and app that aims to introduce new people to the world of investing, is unveiling some interesting new services while also announcing that it has raised more funding to expand its business. The company is introducing mobile-based banking accounts from Green Dot Bank; and alongside it, a new rewards program it
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Time is Ltd., a Prague-based startup offering “productivity software analytics” to help companies gain insights from employees’ use of Slack, Office 365, G Suite and other enterprise software, has raised €3 million in funding. Leading the round is Mike Chalfen — who previously co-founded London venture capital firm Mosaic Ventures but has since decided to
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Unmind, a U.K.-based startup that offers a mental health platform for the workplace, has raised £3 million in new funding. The round is led by London-based venture capital firm Felix Capital, with co-investment from Michael Whitfield and Chris Bruce, the founders of Thomsons Online Benefits. Founded in 2016, Unmind is a B2B service that provides
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Healthcare in the United States is so complicated that even employees with good benefits might have a hard time navigating their options. HealthJoy wants to help with a health benefits platform that uses AI to answer questions. The Chicago-based startup announced today that it has raised $12.5 million in Series B funding led by U.S.
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PolyAI, a London startup founded by experts in the field of “conversational AI” — including CEO Nikola Mrkšić who was previously the first engineer at Apple-acquired VocalIQ — has raised $12 million in Series A funding to deploy its tech in customer support contact centres. The round was led by Point72 Ventures, with participation from
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As Airbnb gears up for its big leap into the public markets, it’s expanding its accommodations platform to include more than just treehouses and quirky homes. Today, the company has confirmed its intent to acquire HotelTonight, the developer of a hotel-booking application that lets travelers arrange last-minute accommodations. The deal was previously reported by The
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Spill, the London-based startup that offers a message-based therapy app to help improve workplace well-being, has picked up £650,000 in seed investment. The round is backed by Passion Capital, Seedcamp and a number of angel investors, including Made.com founder Julian Callede and Urban co-founder Jack Tang. Founded a little over a year ago by Calvin
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Wefox Group, the Berlin-based insurtech startup behind the consumer-facing insurance app and carrier One and the insurance platform Wefox, has raised $125 million in Series B funding. Notably, the round is led by Abu Dhabi government-owned Mubadala Ventures (which is also an LP in SoftBank’s Vision Fund) and is the first investment from Mubadala’s newly
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Ola, Uber’s key rival in India, is doubling down on electric vehicles after it span out a dedicated business, which has pulled in $56 million in early funding. The unit is named Ola Electric Mobility and it is described as being an independent business that’s backed by Ola. TechCrunch understands Ola provided founding capital, and
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Customer experience management platform Medallia has filed to raise up to $70 million in Series F funding, according to regulatory documents obtained by the Prime Unicorn Index. The new shares were priced at $15 apiece, valuing the nearly two-decades-old business at $2.4 billion. Medallia confirmed the funding. A previous version of this report pinpointed Medallia’s
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Walmart, the world’s biggest brick-and-mortar retailer, today made an acquisition that speaks to its ongoing efforts to build out its e-commerce experience to better compete with Amazon. Today, the company announced that it acquired Aspectiva, a startup out of Israel whose AI-based technology analyses user-generated content, like customers’ product reviews, and combines it with a
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