Fundings and Exits

Theranos is reportedly finally closing down for good, nearly three years after a Wall Street Journal investigation called its blood testing technology into question. The WSJ said the company, whose dramatic downfall spawned a best-selling book that’s set to be filmed with Jennifer Lawrence starring as Theranos founder and CEO Elizabeth Holmes, sent shareholders an
0 Comments
Headspace, a meditation app with 31 million users that is valued at $320 million, is doubling down on voice and A.I. technology to help differentiate itself from the rest of the wellness pack. The company today has announced that it has acquired Alpine.AI (previously called VoiceLabs), one of the early players in the digital assistant market,
0 Comments
Tencent-backed Maoyan Weiying, China’s largest online movie ticketing service, has filed for a public offering on the Hong Kong stock exchange. The company, which submitted a prospectus under the name Entertainment Plus, didn’t say when the IPO will be or valuation details, but reports earlier this year said Maoyan aims to raise up to $1
0 Comments
Meituan-Dianping is reportedly aiming for a $55 billion valuation in its upcoming initial public offering in Hong Kong, but the company’s net losses and increasing competition from Alibaba are already raising questions about whether that is too ambitious, despite the company’s market leadership in China. Meituan-Dianping, which bills itself as a “one-stop super app” that
0 Comments
Swiss startup Avrios reckons business mobility is going to get a whole lot more interesting as companies adopt more tailored mobility solutions, rather than sticking with the traditional one car per person model. And at the same time as businesses are seeking to accelerate their progressive cred by moving away from combustion cars to greener alternatives, new
0 Comments
Four of the world’s largest crypto exchanges are leading a $32 million investment in an ambitious venture out of Korea that’s aiming to develop a new stable coin using e-commerce as the lynchpin. Global exchanges Binance Labs, OKEx, Huobi Capital, and Dunamu — the firm behind Korea’s Upbit — have all poured capital into Terra, a crypto
0 Comments
Travelstop is a new startup in Singapore that aims to bring the benefits of business travel management to SMEs and other smaller companies in Southeast Asia. The company launched its product today after being founded in November 2017 by three entrepreneurs who worked at TravelMob, the Singapore startup bought by HomeAway in 2013. Prior to
0 Comments
Alibaba has confirmed that it has raised $3 billion for its new-look local services business after it united its Koubei local services business with Ele.me, the on-demand delivery business it recently acquired. The company said it put the capital into the business alongside SoftBank, according to a note within its financial results that were released today.
0 Comments
Earth Class Mail, a company that digitizes your physical mail so you don’t have to go to the mailbox every day, today announced that it has acquired receipt scanning and expense tracking service Shoeboxed. The reason Earth Class Mail would be interested in Shoeboxed is pretty obvious, given that both companies focus on taking the
0 Comments
India-based lending platform Capital Float has been busy raising capital, having closed an Amazon-led $22 million extension to its $45 million Series C last year —  now it’s putting some of that capital work after it acquired personal finance service Walnut. The acquisition is $30 million spread across cash and stock, the companies said, and it’ll
0 Comments
Canvass Analytics, an AI-based predictive analytics platform that helps streamline industrial operations, announced today that it has raised $5 million in funding led by Gradient Ventures, Google’s AI investment fund. Bedrock Industries, Viaduct Ventures and returning investors Real Ventures and Barney Pell also participated. This brings Canvass’ total raised so far to $7.5 million. The
0 Comments
Founder Heang Chhor previously spent 26 years with McKinsey Southeast Asia’s venture capital space is booming right now. Openspace Ventures just announced the close of its newest $135 million fund, Golden Gate Ventures hit the first close on its upcoming $100 million vehicle, and a third Singapore-based fund is also raising big right now: Qualgro. Unlike
0 Comments
SoftBank’s Vision Fund is backing Chinese online insurance giant ZhongAn through its latest investment, which could take the company — which has struggled for stability following a monster IPO last year — into international markets. The Vision Fund announced today it has made an undisclosed investment in ZhongAn International, the global arm of the five-year-old company created by $200
0 Comments
Joanna Glasner Contributor More posts by this contributor Boston-area startups are on pace to overtake NYC venture totals Home run exits happen stealthily for biotech Unicorn exits are taking flight. With the IPO window wide open, an apparent record number of venture-backed companies privately valued over $1 billion have launched public offerings this year. Crunchbase
0 Comments