Fundings & Exits

Alibaba doubles down on Lazada with fresh $2B investment and new CEO

Alibaba is increasing its control of Lazada, its e-commerce marketplace in Southeast Asia it acquired control of in 2016, after it injected another $2 billion into the business and replaced its CEO wi

Qualcomm’s former exec chair will exit after exploring an acquisition bid

There’s a new twist in the BroadQualm saga this afternoon as Qualcomm has said it won’t renominate Paul Jacobs, the former executive chairman of the company, after he notified the board th

Enterprise subscription services provider Zuora has filed for an IPO

Zuora, which helps businesses handle subscription billing and forecasting, filed for an initial public offering this afternoon following on the heels of Dropbox’s filing earlier this month. Zuor

Zscaler soars 106% on first day of trading

It was a big debut for enterprise cloud security company Zscaler, which saw its shares skyrocket 106% on its first day of trading. After pricing at $16, shares opened at $27.50, and closed at $34. Th

Equity podcast: Theranos’s reckoning, BroadQualm’s stunning conclusion and Lyft’s platform ambitions

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. This week Katie Roof and I were joined by Mayfield Fund’s N

Detectify raises €5M for its crowdsourced website vulnerability scanner

Sweden-based Detectify, which offers a website vulnerability scanner that is in part powered by the crowd, has raised €5 million in new funding. The round was led by New York-based venture capital a

Stock trade app Robinhood raising at $5B+, up 4X in a year

By adding a cryptocurrency exchange, a web version and stock option trading, Robinhood has managed to quadruple its valuation in a year, according to a source familiar with a new round the startup is

TheSkimm raises $12 million for its snarky newsletters

Seven million women (and men) love theSkimm.  With its daily newsletters designed to keep you in the loop on the latest news and pop culture, theSkimm has developed a loyal following, and even recrui

Here’s why Spotify will go public via direct listing on April 3rd

Spotify explained why it’s ditching the traditional IPO for a direct listing on the NYSE on April 3rd today during its Investor Day presentation. With no lockup period and no intermediary banke

The red-hot AI hardware space gets even hotter with $56M for a startup called SambaNova Systems

Another massive financing round for an AI chip company is coming in today, this time for SambaNova Systems — a startup founded by a pair of Stanford professors and a longtime chip company executive

Hootsuite nabs $50M in growth capital for its social media management platform, passes 16M customers

Over the last several years, social media has become a critical and central way for businesses to communicate, and market to, their customers. Now, one of the startups that helped spearhead this trend

Drover picks up £5.5M funding for its car subscription marketplace

Drover, a London-based startup that lets you take out a “car subscription” as an alternative to car ownership, has picked up £5.5 million in seed funding. The round was led by VC firms Ch

Airtable raises $52M to give non-coders tools to build complex software

A massive company probably has plenty of engineers on staff and the resources to build a complex backbone of interconnected information that can contain tons of data and make acting on it easy — but

Pilot raises $15M to bring bookkeeping into the modern era

The first time Waseem Daher, Jessica McKellar, and Jeff Arnold worked together on a startup, they built one that allowed administrators to patch security updates to a system without having to restart

Interfaith social network raises $14M Series A to add new features to its mobile app, an interfaith social networking app for members of religious communities, has raised a $14 million Series A led by TPG Growth. Previous investors Science Inc. and Greylock Partners also retu

Tech Will Save Us raises $4.2M for its tech-focused range of toys, partners with Disney

Tech Will Save Us, the U.K. startup getting kids excited about technology through a range of ‘hackable’ toys, has raised $4.2 million in Series A funding led by Initial Capital. The round also inc

Tandem acquires money management app Pariti

Tandem, the U.K. challenger bank co-founded by fintech veteran Ricky Knox, continues to be on a shopping spree. Following the purchase of Harrods Bank, the banking arm of the famous luxury British dep

Artland closes $1M seed for its social art marketplace

Danish startup Artland has closed $1M in seed funding for a social art marketplace app that aims to connect galleries and professional buyers. It’s also hoping to attract newcomers with an appet

Supernova promises to automatically convert Sketch mobile app designs into native UI code

Supernova, a startup operating out of Prague in the Czech Republic, is on a mission to accelerate the app development workflow of mobile designers and developers. More than three years in the making &

Chinese bike-sharing startup Ofo raises $866M in new financing led by Alibaba Group

Beijing-based, bike-sharing startup Ofo has raised $866 million in new financing led by Alibaba Group to fuel its expensive competition with Mobike, which is backed by Tencent, one of Alibaba’s bigg
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