Fundings & Exits

How Automattic wants to build the operating system of the web

Automattic, the company behind WordPress.com, WooCommerce, Longreads, Simplenote and soon Tumblr, is now worth $3 billion. But its founder and CEO Matt Mullenweg has a bigger goal. He wants to make th

Daily Crunch: Automattic raises $300M

The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe her

Shipper, a platform for e-commerce logistics in Indonesia, raises $5 million

Indonesia has one of the fastest-growing e-commerce markets in the world, but the logistics industry there is still very fragmented, creating headaches for both vendors and customers. Shipper is a sta

Cybersecurity company Acronis hits unicorn status after raising $147 million led by Goldman Sachs

Cybersecurity solutions provider Acronis announced today that it has raised $147 million in funding led by Goldman Sachs, bringing it to unicorn status. The company did not disclose its valuation, but

Normative closes a $2.1M seed to help companies automate carbon reporting

Normative, a startup that lets companies automate their carbon reporting — and in turn help them decrease their environmental footprint — has picked up $2.1 million in seed funding. Backin

GoCardless launches US debit payments solution and opens San Francisco office

GoCardless, the London fintech that aims to become the one-stop shop globally for businesses that want to let customers pay via recurring bank payments, has launched a U.S. debit solution. The company

Macron announces €5 billion late-stage investment pledge from institutional investors

President Emmanuel Macron announced in a speech ahead of France Digitale Day that the French government has convinced institutional investors to invest more heavily in late-stage VC funds and asset ma

Ironclad raises $50M Series C round for its digital contracting platform

Ironclad, a startup that makes it easier for legal teams to manage their contracts workflow, today announced that it has raised a $50 million Series C round led by Y Combinator Continuity, with partic

GitLab hauls in $268M Series E on 2.75B valuation

GitLab is a company that doesn’t pull any punches or try to be coy. It actually has had a page on its website for some time stating it intends to go public on November 18, 2020. You don’t

Apple awards another $250 million to precision glass maker Corning

As part of Apple’s Advanced Manufacturing Fund, Apple is investing $250 million in Corning, a supplier that has been working on glass for the iPhone, Apple Watch and iPad. Apple had previously inves

Data storage company Cloudian launches a new edge analytics subsidiary called Edgematrix

Cloudian, a company that enables businesses to store and manage massive amounts of data, announced today the launch of Edgematrix, a new unit focused on edge analytics for large data sets. Edgematrix,

FairMoney raises $11 million for its challenger bank for emerging markets

Fintech startup FairMoney is building a challenger bank in Nigeria. The company first started offering microcredit and now plans to expand to current accounts and savings. FairMoney just raised an $11

Holidu raises €40M Series C for its holiday rentals search engine

Holidu, the Munich-headquartered holiday rentals search engine that is now active in 21 country markets, has raised €40 million in Series C funding. The round was led by Prime Ventures, with partici

Beekeeper raises $45M Series B to become the ‘Slack for non-desk employees’

Beekeeper, the Switzerland and U.S.-based startup that provides a mobile-first communications platform for employers that need to communicate with blue-collar and service-oriented workers, has raised

Mitto, the payment card and app for ‘Gen Z’ teens, raises €2M seed round

Mitto, a debit card and app designed for “Generation Z” teens, has raised €2 million in seed funding. Backing the round is Spanish bank Banco Sabadell via its innovation and venture arm

Patch Homes locks in $5M Series A to give homeowners financial freedom without debt

Home ownership has long been touted as the American dream. But rising rates of mortgage debt and student loan debt are making the pursuit of home ownership a nightmare. Debt-burdened individuals or t

Incredible Health’s hiring platform for nurses gets $15M led by Andreessen Horowitz

Andreessen Horowitz has led a $15 million Series A in US-based job matching platform for nursing vacancies, Incredible Health. Other investors in the funding round include NFX, Obvious Ventures, Precu

Fair acquires Canvas from Ford to expand its on-demand vehicle subscription business

Fair, the $1.2 billion startup backed by SoftBank that has built a smartphone-based car leasing platform that lets people takes cars for as little as one month, is making another acquisition in the on

RYOT co-founder Bryn Mooser launches a new documentary studio called XTR

Bryn Mooser, co-founder of virtual and augmented reality studio RYOT, said he’s “hanging up my VR and AR hats to really focus on more, shall we say, traditional nonfiction storytelling.&#

Veo raises $6M Series A to bring its ‘AI camera’ for soccer matches to the US

Veo, a Copenhagen, Denmark-based startup that offers an “AI camera” to make it easier for amateur soccer clubs to video and stream matches, has raised $6 million in Series A funding. Backi
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