Fundings and Exits

Update: WeWork’s chief executive officer Adam Neumann confirmed in a blog post that it will buy Meetup. Co-working space giant WeWork will acquire Meetup, according to Crunchbase News. The report says Meetup chief executive officer and co-founder Scott Heiferman shared the news with employees at a company-wide meeting on Monday. WeWork declined to comment on
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ClimaCell, a weather forecasting technology that uses wireless networks to create incredibly granular predictions, has raised $15 million to develop new products and expand beyond the U.S. The Boston-based company’s service has broad applications across government and business, offering ways to better prepare for the increasing number of severe weather events that are occurring worldwide. “Nearly
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Every few years efforts to redefine the IPO emerge, and as night follows day, investors get hurt and calls for tighter regulatory reform echo in legislative chambers and cable TV studios. The last significant “re-invention” emerged in the height of the dot-com boom when online brokers started selling newly issued shares directly to retail customers.
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“The maturity of founders is just exponentially better and different from when we started in ‘07,” says Seedcamp co-founder and Managing Partner Reshma Sohoni. “[They are] so much more knowledgeable, so much more practiced in the art of starting up”. I’m on a conference call with Sohoni, Seedcamp’s other Managing Partner Carlos Espinal, and three
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ADAY, a fresh entrant in the highly competitive world of direct-to-consumer fashion, has raised $2 million in new funding for its mission to simplify wardrobes with a line of durable, technical, and chic womenswear. The company is the latest in an ever-expanding movement of startups that offer direct-to-consumer products for the fashion-conscious consumer. Venture-backed lifestyle startups
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A company called Confido raised a small ICO by selling special CFD designed to allow “safe and trustless cryptocurrency payments. According to ICODrops they raised their goal of about $400,000 and quickly disappeared, taking the cash with it. The site is currently a parked web server that points to nothing. The apparent founder and former
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Chinese internet giant Baidu is continuing its push into the automotive space after it led a RMB 1.3 billion ($195 million) Series B investment in Shouqi Limousine & Chauffeur, an offshoot of the state-owned Shouqi Group which was Beijing’s first licensed ride-hailing app. NIO Capital, the investment arm of billion-dollar electric car startup NIO, and Silk Road
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Alibaba is continuing its expansion into offline retail after the Chinese e-commerce giant bought up more than one-third of one of Chinese most prolific operators of hypermarket stores. The firm announced today it has spent HK$22.4 billion (around US$2.88 billion) to acquire of 36.16 percent in Sun Art Retail Group, a Hong Kong-listed business that operates 446 hypermarkets across
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Code2040, founded by Laura Weidman Powers and Tristan Walker, recently raised $5.6 million to advance its diversity and inclusion efforts in technology. The latest funding comes from The Knight Foundation, The Sara and Ev Williams Foundation and others, and brings Code2040’s total funding raised to more than $7 million. Code2040’s Fellows program, which first launched
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It looks like accessibility isn’t the only thing that Airbnb wants to upgrade on its platform. On the same day that Airbnb announced that it acquired Accomable, an “Airbnb for disabled travellers”, it has emerged that it’s also made another small acquisition. Airbnb has acquired adtech startup AdBasis, which had built a platform and dashboard for
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Trocafone, the online marketplace for used electronics, has raised $15 million in new financing to expand its reach beyond Brazil and Argentina into other emerging markets. The company, which raised $7 million in a previous round of financing last year, said the new money came from Callfort, MIT Castor Ventures Fund, FJ Labs, Rocketship, Mercado
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Tencent announced another impressive quarter of financials yesterday, but the Chinese internet giant — which is creeping towards a $500 billion market cap — made other financial moves this week. Reuters reported that the firm invested $150 million Chinese cinema ticketing startup Maoyan, which was created from a merger between dominant players Maoyan and Tencent-backed Weiying this
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Some of the biggest names in technology are all in on voice-controlled devices like the Amazon Echo and Google Home, but Roxy, a Seattle-based startup believes that businesses need a voice system where they control the data and the voice commands are designed for their specific requirements. They announced $2.2 million in seed funding today.
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