Fundings and Exits

Mumbai-based Haptik, which operates a conversational AI platform, has already won several high profile clients in India. Now the five-year-old firm, with newly found significant capital in the bank, is attempting to replicate its success in international markets. On Tuesday, Haptik announced it has acqui-hired Convrg, a Los Angeles-based startup that develops chatbots, to serve customers in
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Visionaries Club, a new European VC focusing on B2B, is disclosing that it has raised two micro funds of €40 million each, aimed at pre-seed/seed and Series B, respectively. The Berlin-based VC firm is founded by Sebastian Pollok and Robert Lacher. Pollok was a VC at e.ventures in San Francisco and also founded Amorelie, which
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Iflix, the streaming video service that competes with Netflix in Southeast Asia and other emerging markets, announced today that it has raised a new round of funding led by Fidelity International, with participation from returning investors Catcha Group, Hearst, Sky and EMC. The Malaysia-based company did not disclose the amount of the round, but said
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Trading on China’s new Nasdaq-style stock market began today, with 25 tech companies listed on the Science and Technology Innovation Board, operated by the Shanghai Stock Market. Called the STAR Market, the board is an initiative by the government to encourage more Chinese tech companies to list domestically by addressing concerns about governance. Traders cautioned
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Submittable is announcing that it has raised $10 million in Series B funding. When I first wrote about the company in 2012, it was focused on helping literary magazines manage their submissions — useful, but maybe not the kind of thing that venture capitalists write big checks for. Since then, Submittable raised a $5 million
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Risk and compliance management platform VComply announced today that it has picked up a $2.5 million seed round led by Accel Partners for its international growth plan. The funding will be used to acquire more customers in the United States, open a new office in the United Kingdom to support customers in Europe and expand
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Wavecell, a cloud-communications platform for companies in Southeast Asia, announced today that it has been acquired by 8×8 in a deal worth about $125 million. The acquisition will help San Jose, Calif.-based 8×8 expand in Asia, where Wavecell already has offices in Singapore, Indonesia, the Philippines, Thailand and Hong Kong. Wavecell’s cloud API platform, which
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Raisin, the fintech startup that offers a pan-European marketplace for savings and investment products, has picked up additional funding. Goldman Sachs has invested $28 million (€25m), following the company’s $114 million in Series D in February. The new capital will be used by Raisin to build out its U.S. presence ahead of a 2020 launch
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Private equity firm Blackstone just announced that it has reached an agreement to acquire mobile advertising company Vungle. The companies aren’t disclosing the financial terms, but as part of the transaction, Vungle has also reached a settlement with founder Zain Jaffer, who filed a wrongful termination lawsuit against the company earlier this year. (Update: Multiple
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Cambridge, UK based graphene startup, Paragraf, has closed a £12.8 million (~$16M) Series A round of funding led by early stage VC  Parkwalk. Also investing this round: IQ Capital Partners, Amadeus Capital Partners and Cambridge Enterprise, the commercialisation arm of the University of Cambridge, plus several unnamed angel investors.  The funding will be used to
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City Pantry, the office catering marketplace that lets you order in food for staff, company events and meetings, has been acquired by takeout marketplace and delivery giant Just Eat. The price is described as an initial cash offering of £16 million, with a possible further payout due if City Pantry achieves agreed operational and financial
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Car shoppers now have several new options to avoid long-term debt and commitments. Automakers and startups alike are increasingly offering services that give buyers new opportunities and greater flexibility around owning and using vehicles. Cars-as-a-Service In the first part of this feature, we explored the different startups attempting to change car buying. But not everyone
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Visa and Andreessen Horowitz are betting even bigger on cryptocurrency, funding a big round for fellow Facebook Libra Association member Anchorage’s omnimetric blockchain security system. Instead of using passwords that can be stolen, Anchorage requires cryptocurrency withdrawals to be approved by a client’s other employees. Then the company uses both human and AI review of
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Mobile marketing company AppLovin is announcing that it has acquired SafeDK. While AppLovin started out as a mobile ad business, it now bills itself as “a comprehensive mobile gaming platform,” offering tools for game developers around user acquisition, monetization, analytics and (through Lion Studios, launched last year) publishing. SafeDK, meanwhile, allows developers to manage all
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Staffbase, a mobile-first platform that enables employees to communicate, access work-related services and stay updated with company information, has raised $23 million in Series C funding. The investment is led by Insight Partners, with participation from existing investors e.ventures, Capnamic Ventures, and Kizoo Technology Capital. It brings total raised by Staffbase to $35 million since
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DigitalBridge, the Manchester, U.K.-based startup using technology to help solve the “imagination gap” when planning home renovations, has picked up £3 million in new backing. The round is led by Maven Capital Partners via two funds it manages: £1.5 million from Maven’s Venture Capital Trusts (VCTs) and £1.5 million from the NPIF Maven Equity Finance,
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Wind Mobility, the Berlin and Barcelona-based micromobility startup that operates e-scooter rentals in Europe, Israel and Asia, is disclosing $50 million in Series A funding. The new round is backed by existing investors. The company last raised $22 million in funding eight months ago from Chinese Source Code Capital and Europe’s HV Holtzbrinck Ventures after
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Soldo, the U.K. fintech that offers a multi-user spending account for businesses, has closed $61 million in Series B funding. Leading the round is Battery Ventures and Dawn Capital, with participation from previous backers Accel and Connect Ventures. In addition, a small portion is debt financing from Silicon Valley Bank. It brings total raised by
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Waresix, one of a handful of startups aiming to modernize logistics in Indonesia — the world’s fourth most populous country — has pulled in $14.5 million to grow its 18-month-old business. This new investment, Waresix’s Series A, is led by EV Growth — the growth-stage fund co-run by East Ventures — with participation from SMDV
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