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Wheely raises $15 million for its luxury ride-hailing app

London-based startup Wheely has raised a $15 million Series B round led by Concentric with Oleg Tscheltzoff, Misha Sokolov and other investors also participating. The company wants to build an Uber co

RosieReality, a Swiss startup using AR to get kids interested in robotics and programming, scores £2.2M seed

RosieReality, a startup out of Zürich developing consumer augmented reality experiences, has raised $2.2 million in seed funding led by RedAlpine. Other backers include Shasta Ventures, Atomico Partn

FT parent Nikkei confirms it has acquired new media startup Deal Street Asia

It’s official: Nikkei, the Japanese media firm that owns the FT, has confirmed that it has acquired Singapore-based new media startup Deal Street Asia. (The Nikkei announcement is buried behind

Facebook says it filed a US lawsuit to shut down a follower-buying service in New Zealand

Facebook is cracking down on services that promise to help Instagram users buy themselves a large following on the photo app. The social network said today that it has filed a lawsuit against a New Ze

U.S. slams Alibaba and its challenger Pinduoduo for selling fakes

China’s biggest ecommerce company Alibaba was again on the U.S. Trade Representative’s blacklist over suspected counterfeits sold on its popular Taobao marketplace that connects small merc

Grocery delivery startup Honestbee is running out of money and trying to sell

Honestbee, the online grocery delivery service in Asia, is nearly out of money and trying to offload its business. The company has held early conversations with a number of suitors in Asia, including

Wireless broadband startup Starry files to raise up to $125 million

The never-ending quest to kill Comcast is poised to receive some renewed investment as an ambitious startup readies to secure some new cash. Starry, a Boston-based wireless broadband internet startup,

Carbon, the fast-growing 3D printing business, is raising up to $300M

Carbon is issuing new shares at a valuation of $2.5 billion.

Amazon beats optimistic profit expectations for Q1

Amazon announced today that it has beat Wall Street’s already optimistic Q1 projections. The e-commerce giant’s revenues have slowed a bit, contributing to moderate fluctuations in after-hours tra

Movie subscription service Sinemia is ending US operations

Over the past few months, Sinemia has gone from promising MoviePass competitor to the source of frustration for moviegoers across the country. After rumors surfaced earlier this week that it would be

Uber will reportedly seek up to $90 billion valuation in IPO

Uber is reportedly looking to sell shares between $44 to $50, aiming to raise $8 to $10 billion in the offering. This would value the company between $80 billion to $90 billion, Bloomberg reports. Pre

Facebook hit with three privacy investigations in a single day

Third time lucky — unless you’re Facebook . The social networking giant was hit Thursday by a trio of investigations over its privacy practices following a particularly tumultuous month of sec

Tesla to open up Model 3 orders in UK

Tesla is poised to open up orders for the Model 3 in the U.K. by early May, as well as other markets that have right-hand drive vehicles, according to a tweet from CEO Elon Musk. The Model 3 order pag

Amazon Prime’s dominance is spurring new startup opportunities

Amazon has made two-day shipping the new industry standard -- a standard most competitors can’t meet. Fortunately, some exciting new logistics startups are emerging to help them compete with Amazon.

Zwift CEO Eric Min on fitness-gaming and bringing esports into the Olympics

The rumored IPO plans of $4 billion spinning brand Peloton marks the rise of a wave of interactive fitness startups like Mirror, Tonal, Hydrow and At Home 360 that combine a monthly subscription to r

Luminary ‘retooling’ after podcasters request removal from service

Last month, a New York Times piece heralded the arrival of Luminary. The story focused on the startup’s healthy funding (almost $100 million) and its “subscription-based business model that it hop

A quick look at how Series A and seed rounds have ballooned in recent years, fueled by top investors

Wing, an eight-year-old, Silicon Valley venture firm co-founded by veteran VCs Peter Wagner and Gaurav Garg, produces interesting research about its own industry every now and then, based on smaller d

MuseNet generates original songs in seconds, from Bollywood to Bach (or both)

Have you ever wanted to hear a concerto for piano and harp, in the style of Mozart by way of Katy Perry? Well, why not? Because now you can, with OpenAI's latest (and blessedly not potentially catastr

The Markup faces staff exodus and funder scrutiny following ouster of Julia Angwin

The Markup appears to be facing a staff revolt — and its financial backers may be reconsidering their support — following the firing of editor-in-chief Julia Angwin. When the site was announced la

The venture firm SOSV has already raised its biggest fund to date, and it isn’t quite closed

SOSV, a multi-stage venture firm that was founded as the personal investing vehicle of entrepreneur Sean O’Sullivan after his company went public in 1994, then re-launched as a traditional ventu
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