The Wing gets $75M from Sequoia, AirbnbThe Wing, the owner of several co-working spaces and social clubs designed for women, has garnered the support of Sequoia Capital in its latest funding round. The startup has announced a $75 million Series C led by the storied venture capital firm, with support from Airbnb and Upfront Ventures, as well as existing investors NEA and WeWork. [ Tech Crunch ] Research over 15K+ Venture Capital Investors on our platform. The career of Colin Kroll, the cofounder of Vine and HQ Trivia, who has died at age 34
Checkout Initialized Capital's Deals, Exits and Fund Raised Data. Research over 15K+ Venture Capital Investors on our platform. SoftBank IPO's Weak Debut Is Still a Win for Masayoshi SonMasayoshi Son raised 2.65 trillion yen ($23.6 billion) by pulling off the world’s second-largest initial public offering ever. Investors weren’t so lucky. SoftBank Corp., the Japanese telecommunications business of the billionaire’s technology empire, dropped 14.5 percent to 1,282 yen at the close in Tokyo on Wednesday, hurt by concerns over an impending price war that could hit profits. That’s the biggest decline for a major IPO since Japan Display Inc.’s flop in 2014. Of those who bought at the offered price of 1,500 yen, 90 percent were individuals; the rest were money managers. [ Bloomberg ] Research over 15K+ Venture Capital Investors on our platform. Flux raises $7.5M Series A to bring its digital receipts platform to more banks and merchantsFlux, the London fintech that has built a technology platform for banks and merchants to power itemised digital receipts and a lot more, has raised $7.5 million in Series A funding. The round is led by VC firm e.ventures (which has previously backed the likes of Farfetch, Sonos and Groupon), with participation from existing investors PROfounders, and Anthemis. [ Tech Crunch ] Research over 15K+ Venture Capital Investors on our platform. Seismic has been helping companies create and manage their sales and marketing collateral since 2010. Today the company announced a $100 million Series E investment on a $1 billion valuation.The round was led by Lightspeed Venture Partners and T Rowe Price. Existing investors General Atlantic, JMI Equity and Jackson Square Ventures also participated in the round. The company has now raised $179 million since inception. What is attracting this level of investment is Seismic’s sales enablement tools, a kind of content management for sales and marketing. “What we’re trying to do with our technology is to help marketers who are striving to create the right
content to help the sellers, and help sellers navigate all of the content out there and put together the right pieces and the right materials that are going to help them move the sales cycle along,” Seismic CEO and co-founder Doug Winter explained. [ Tech Crunch ] Research over 15K+ Venture Capital Investors on our platform. Coinbase lets you convert one cryptocurrency into another It’s hard to believe that you still had to convert your BTC into USD in order to buy ETH on Coinbase. The company is finally adding direct cryptocurrency-to-cryptocurrency conversions. The feature works with Bitcoin (BTC), Ethereum (ETH), Ethereum Classic (ETC), Litecoin (LTC), 0x (ZRX) and Bitcoin Cash (BCH). It is only available to U.S. customers for now, but the company plans to roll out the feature to other countries too. [ Tech Crunch] Research over 15K+ Venture Capital Investors on our platform. The rise and fall of augmented reality ‘unicorn’ BlipparThe story of once-hyped augmented reality (AR) startup Blippar has come to an end. The London-based company announced yesterday that it had started insolvency procedures, a process that means all employees will be let go and, likely, services terminated. [ Venture Beat ] UK-based AI chipmaker Graphcore scores $200 million in funding from BMW, Microsoft and others at a $1.7 billion valuationBristol, UK-based semiconductor company Graphcore has raised $200 million in a new equity funding round from investors including Atomico, Microsoft and BMW i Ventures, valuing the company at $1.5 billion pre-money (via FT). [ Tech.eu ] Research over 15K+ Venture Capital
Investors on our platform. SpaceX said to be raising $500M to help fund internet serviceSpaceX is raising $500 million at a valuation of $30.5 billion, according to a WSJ report citing people familiar with the matter. The company is said to be raising the capital in part to help fund its ambitious Starlink internet service project. According to the announced plan, SpaceX intends to launch 11,000 satellites to plaster the globe with internet connectivity. So far, SpaceX has launched just two prototype satellites, even though earlier reports stated SpaceX, at one time, projected it would have 400 satellites in orbit by the end of 2018. [ Tech Crunch ] Research over 15K+ Venture Capital Investors on our platform. Rothy’s just landed $35 million from Goldman Sachs to sell more of its popular ballet flatsIndian ride-hailing firm Ola will invest $100 million in Vogo, a domestic scooter sharing start-up, and add the company's fleet of two-wheelers to the Ola app to broaden the range of vehicles it offers, the companies said in a joint statement on Tuesday. [ CNBC ] Rothy’s just landed $35 million from Goldman Sachs to sell more of its popular ballet flatsRothy’s, a three-year-old, San Francisco-based company that makes a variety of colorful flats for women, has some more walking-around money today. According to Bloomberg, the company just closed on $35 million in funding from Goldman Sachs’ asset management unit. The round brings the young company’s total funding to $42 million, including an early $5 million investment from Lightspeed Venture Partners, and $2 million in convertible notes, including from Finn
Capital Partners, M13 and Grace Beauty Capital. [ Tech Crunch ] Webinar: Next Steps for your Early Stage VentureWatch a webinar featuring NPR's Guy Raz in conversation with Founder Gym's Mandela SH Dixon on next steps for your early-stage venture. India's Most Credible Venture Capital Fund | Sixth Sense Ventures Investor Meet 2018E887 #StartupTuneup: teledentistry, cannabis tax, activewear bras, data science, 3D printing, travelE887: #StartupTuneup @ TWiST Live! Jason’s candid feedback to founders on teledentistry as a service, tax management for cannabis, stylish activewear bras, data science for software engineering, online 3D printing, integrated traveling platform. |