funding
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Hutch, the virtual interior design app, has raised $10M from Zillow
Hutch, the interior design app that takes a photo of your room and virtually redecorates it, has raised $10 million in funding from real estate platform Zillow. Zillow’s CEO Spencer Rascoff will also join Hutch’s board of directors as part of the investment. Read More
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Rinse raises $14M in Series B funding to bring its laundry pick-up nationwide
Rinse, the San Francisco-based dry cleaning and laundry delivery service, has closed a $14M Series B round of funding. This comes after a $6M Series A last year, meaning the startup has now raised about $23.5M in three rounds. The round is being led by Partech Ventures, with participation from existing investors including Javelin Ventures, Arena Ventures, Accelerator Ventures, and… Read More
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Vice has raised $450M ahead of a potential IPO
Vice Media has raised $450M in new funding from private-equity firm TPG, with a deal valuing the media company around $5.7 billion post-money. Shane Smith, co-founder and CEO of Vice was just on CNBC answering questions about the funding and Vice’s plans to eventually become a public company. While remaining cryptic, Smith did note that this raise is “what we would do if we were… Read More
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Crunch Report | Microsoft Reveals The Xbox One X
Uber moves forward with Holder report reccomendations, Microsoft reveals the Xbox One X, Snap Spectacles 2.0 might have augmented reality built in and Jaguar Land Rover bets on Lyft. All this on Crunch Report. Read More
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Epic! raises $8 million to keep kids reading in a digital age
The makers of Epic!, one of many apps jockeying to become a “Netflix for books,” have raised $8 million in a round led by Reach Capital, the education-specialized venture firm. Epic! at its core is an on-demand digital library that includes about 25,000 different books and videos appropriate for kids in elementary school, or between the ages of about five and twelve. Read More
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Spin raises $8 million as bike-sharing battle heats up in the US
Bike sharing has taken a turn in the U.S. The new mode is “dockless,” where companies distribute bikes around a city or campus to be rented per trip instead of dispensing them from one station. The bikes are tracked via GPS, and can be located by users, paid for and unlocked using their smartphones. When riders are done, they can park the bike anywhere that’s convenient… Read More
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Marketing tech company Zeta Global raises $140M at a $1.3B valuation
Zeta Global, the marketing tech company that has recently acquired the likes of eBay’s enterprise arm and Acxiom Impact, is preparing for another round of acquisitions and investments in its technology. To do so, the company today announced that it has raised a $140 million Series F round. Read More
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Robot tutor Musio makes its retail debut in Japan
A cute, robotic language tutor called Musio, has made it from crowdfunding campaign to full-fledged product with a debut in stores this week in Japan. Priced at JPY 98,000 (about US $900), Musio is now sold online through SoftBank’s marketplace and Amazon Japan, and through a handful of brick-and-mortars stores. Read More
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Cloudera posts long-awaited IPO filing
Cloudera, the enterprise big data company that’s received significant backing from Intel, has unveiled its much-anticipated IPO filing. Read More
Latest Crunch Report
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WayUp gets $18.5 million more to help college grads find jobs
Recent college grads need a better way to search for jobs. Or at least, that’s the thesis of New York-based WayUp, which recently raised $18.5 million in Series B funding to execute on this vision. Trinity Ventures, which led the investment, is also gaining a board seat via partner Karan Mehandru. Existing investors, including General Catalyst, Lerer-Hippeau Ventures and SV Angel… Read More
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LimeBike raises $12 million to roll out bike sharing without kiosks in the US
A startup called LimeBike has raised $12 million in venture funding to make Chinese-style bike sharing mainstream in the U.S. Andreessen Horowitz led the round, joined by IDG Ventures, DCM Ventures and other investors who declined to be named. Read More
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NFL’s Drew Brees backs Waitr to make takeout easy in anytown USA
Food delivery startups abound in the U.S., but few of them deliver to customers in “second cities” and smaller towns. From early pioneers like Grubhub to newer services like DoorDash, food delivery businesses have tended to focus on urban areas with a high concentration of restaurants and people who frequently order takeout. Now, New Orleans Saints Quarterback, philanthropist… Read More
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Crunch Report | Tesla and Rollercoasters
Waymo is suing Otto and Uber for allegedly stealing its trade secrets, Layer gets more funding and acquires Cola, a major Cloudflare bug leaked sensitive data from customers’ websites and Elon Musk addresses unionization concerns at Tesla. All this on Crunch Report. Read More
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StockX raises $6M to grow its marketplace for limited-edition products
StockX, a marketplace for sneakers, has announced that they’ve closed a $6M round from a group of high-profile investors like Mark Wahlberg, Scooter Braun, and Wale. They join existing investors like Eminem, SV Angel and Detroit Venture Partners. The sneaker reseller space couldn’t be hotter right now. GOAT, one of the largest app-based sneaker marketplaces has raised more than… Read More
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CB Insights: 3,358 tech exits in 2016, ‘unicorn births’ down 68%
We’ve kicked off 2017 with a surprise acquisition of what was planned to be the first big IPO of the year — Cisco snapping up AppDynamics for $3.7 billion, just days before its public listing — and what many believe will be an IPO filing for Snapchat’s parent Snap. But in contrast, it appears that 2016 represented a shift less frothy times. CB Insights has published… Read More
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Jiobit finds $3 million for kid trackers that work indoors, not just at the park
Chicago startup Jiobit wants to use wireless technology to bring parents peace of mind whenever and wherever their kids may roam. Its flagship product is a location tracker that can stand up to the rough and tumble activities of a toddler or a tween, with a long battery life, and mobile app that sends alerts to parents when a kid has gone outside an expected range. Jiobit CEO and founder… Read More
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Eric Schmidt-backed HouseCanary raises $33 million
The total U.S. housing market is worth $30 trillion, but the data to value individual properties is still imprecise, according to HouseCanary. The real estate startup thinks it has better analysis and counts believers like Eric Schmidt and Kobe Bryant, who are participating in its $33 million funding round. “We’re probably 25 years behind the stock market in terms of… Read More
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East Ventures raises $27.5M seed fund for Southeast Asia, its fifth to date
One of Southeast Asia’s longest-serving seed-stage investors has reloaded its coffers for more deals after East Ventures closed its fifth fund, worth $27.5 million. Read More
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Rent the Runway raises $60 million
Fashion e-commerce powerhouse Rent the Runway has confirmed that it raised $60 million in a funding round led by Fidelity Investments. Technology Crossover Ventures, Bain Capital Ventures, Highland Capital Partners and Advance Publications are also participating in the round. Recode, which first reported the news, was told that the valuation was a “significant step up” from the… Read More
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Procurify raises $7M Series A round for its purchasing platform
There is nothing sexy about procurement but it’s an essential task in the day-to-day life of virtually any business, not-for-profit and school. Vancouver, Canada-based Procurify wants to take some of the pain out of this process with the help of its online and mobile purchasing and accounts payable platform. As the company announced today, it has raised a $7 million Series A round led… Read More
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