Fundings & Exits

  • Revolut Gets More Funding For Its Mobile Foreign Exchange Service

    Revolut Gets More Funding For Its Mobile Foreign Exchange Service

    British startup Revolut just closed its seed round. After announcing having raised $2.3 million this Summer, the company has added a couple of new investors. In total, the company has raised $4.8 million (£3.2 million) from Index Ventures, Balderton Capital, Seedcamp and Point Nine, Venrex and business angels. Read More

  • Rocket Internet Sells Food Startups In Spain, Italy, Brazil, Mexico For $140M To Just Eat

    Rocket Internet Sells Food Startups In Spain, Italy, Brazil, Mexico For $140M To Just Eat

    The takeout shakeout continues apace. Since going public in 2014, Rocket Internet has been trying to simplify and reorganize the tangle of e-commerce startups funded and grown by the Berlin-based incubator to make the main business more profitable. Today comes the latest move on that front. Rocket Internet is selling food takeaway operations in Spain, Italy, Brazil and Mexico to Just Eat… Read More

  • CustomInk Acquires Represent, A Custom Merchandise Marketplace for Influencers

    CustomInk Acquires Represent, A Custom Merchandise Marketplace for Influencers

    CustomInk, a leading player in the online custom apparel space, has announced it is acquiring Represent, a Los Angeles-based social commerce startup. Sources close to the acquisition tell us the price tag was approaching $100 million, with it being a cash and stock deal. Founded in 2014 by Bryan Baum, Andrej Pancik, and Leo Seigal, Represent is similar to CustomInk in that it lets anyone… Read More

  • You Misunderstand Foursquare. It’s comScore, Not Instagram

    You Misunderstand Foursquare. It’s comScore, Not Instagram

    Foursquare is not a consumer social app business, it’s a data company. And only when it admitted that to itself and revalued as such was it able to pull in more capital and keep chugging. Today at LA’s Upfront Summit, Foursquare’s lead investor from Union Square Ventures Fred Wilson stuck up for the startup while trying to make people understand how it’s… Read More

  • Sonatype Snares $30 Million Investment Led By Goldman Sachs

    Sonatype Snares $30 Million Investment Led By Goldman Sachs

    Sonatype, a company that helps customers create automated, policy-driven software component security, announced a $30 million round today led by Goldman Sachs. The investment was a mix of debt and equity financing and was handled by Goldman’s Principal Strategic Investments Group, rather than Goldman’s venture capital arm, Sonatype CEO Wayne Jackson explained. Although this… Read More

  • Cisco To Buy Jasper Technologies For $1.4 Billion

    Cisco To Buy Jasper Technologies For $1.4 Billion

    Cisco announced today it was buying Jasper Technologies, developers of an Internet of Things cloud platform for $1.4 billion. With Jasper, Cisco gets a company that understands the burgeoning Internet of Things market. While the IoT term gets bandied about quite a bit, it simply means connected machines talking to one another over the internet. This could be industrial automation equipment on… Read More

  • Zillow Gets Naked

    Zillow Gets Naked

    Online real estate site Zillow today announced that it has acquired Naked Apartments for $13 million in cash. While the name makes it sound like some kind of kinky cleaning service, it’s actually an apartment rentals platform with a focus on New York City. The acquisition is expected to close in the next few weeks. Read More

  • SwiftKey’s Timely Exit

    SwiftKey’s Timely Exit

    Another European startup exits to an American tech giant. Predictive keyboard app maker SwiftKey, based in London, confirmed today it has sold to Microsoft. Sources put a price-tag of $250 million on the deal, although neither SwiftKey nor Microsoft are confirming a figure. Read More

  • Founders Fund Backs Smart Lab Tech Startup Elemental Machines For $2.5 Million

    Founders Fund Backs Smart Lab Tech Startup Elemental Machines For $2.5 Million

    Cambridge-based Elemental Machines is a software simulator startup made for the wet lab that hopes to reduce time and costs associated with drug research through data. It uses data gleaned in the lab to improve experimental reproducibility through simulation and Founders Fund (via FF Angel) thought that a novel enough idea to give Elemental Machines $2.5 million in seed funding. Founders… Read More

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