Stash, the micro-investing app that’s been a hit with first-time investors, announced today it has raised an additional $37.5 million in Series D funding in a round led by Union Square Ventures. Existing investors Breyer Capital, Coatue Management, Entree Capital, Goodwater Capital and Valar Ventures also participated. The company competes with a range of new investment apps –… Read More
from TechCrunch
XebiaLabs, the Boston-based software startup that helps companies automate DevOps functions, announced a healthy $100 million Series B investment led by Susquehanna Growth Equity and Accel. Today’s investment brings the total raised to $121.5 million. Derek Langone, Xebia’s CEO says they raised the money out of a desire to expand more rapidly. “You always want to raise money… Read More
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nOCD, an app created to help people treat obsessive-compulsive disorder, will launch an Android version and add more features after raising a $1 million seed round from early-stage healthcare investment firm 7wire Ventures. Read More
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Investors in Indonesia have started a new project aimed at digitizing the kiosk shops that adorn the street of capital city Jakarta. Warung Pintar — ‘smart kiosk store’ — helps street vendors revamp their store with a bright and colorful design, and a range of tech that includes a digital POS, free Wi-Fi, an LCD screen, power bank chargers and more. The venture was… Read More
from TechCrunch
Quietly, Apple has been bringing together a number of moving parts in its strategy around virtual and augmented reality hardware; and now one more element of that has come to light. eMagin, a maker of OLED miniature displays, says that Apple, along with LG, Valve, VR entertainment maker Immerex (which now appears to be operating publicly as Luci), and Stillwater Holdings, are collectively… Read More
from TechCrunch
Magic Leap is the gift that keeps on giving. The company has been working for years on augmented reality technologies and raised a gigantic pile of cash on the way. German media company Axel Springer is announcing today that it is investing an undisclosed amount in Magic Leap. The German company is taking a stake in Magic Leap through its Axel Springer Digital Ventures division. In its… Read More
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Alibaba has furthered its physical retail footprint after it invested another billion dollars into projects to develop its so-called “new retail” strategy which combines online and offline. The Chinese firm, the dominant e-commerce player in its country, gobbled up a 15 percent stake in Beijing Easyhome Furnishing for RMB 5.45 billion, or around $867 million, and pumped $486… Read More
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In the world of venture capital, the prospect of a successful “exit” looms large in the minds of investors. A VC’s business model is less about the money that goes into a startup than it is about what comes out. It’s true that most companies fail to exit gracefully, and of those that do, surprisingly few exit by going public. Read More
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Atlanta-based Cardlytics made its public debut on Friday, closing the day at $13.37, just a little above the IPO price of $13. The company sold 5.4 million shares, raising $70 million. Cardlytics works with financial institutions like Bank of America and 2,000 others to run cash back programs. It partners with brands across restaurant, retail, travel, grocery and home subscription categories… Read More
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Evan Spiegel secretly tried to hire away the team at Secret, but the price was too high. That’s according to three sources familiar with the deal who spoke to TechCrunch. The information expands and clarifies a report from the new book about Snapchat’s origin story coming out next week called “How To Turn Down A Billion Dollars” by former TechCrunch writer Billy… Read More
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