The Fabric, an early-stage investment company developing new infrastructure technologies, has raised $15 million for its third investment vehicle. Announced at the Montgomery Summit in Santa Monica, Calif., the new financing came from Verizon Ventures (the investment arm of TechCrunch’s parent company’s parent company) and March Capital Partners a Los Angeles-based venture capital firm. The […]
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It turns out that some employees spend more when they can expense it on a corporate card. But some companies are finding that five-star hotels and fancy dinners can add up when it’s for hundreds or thousands of workers. Several startups have emerged to save corporations money, by rewarding employees with cash and gift cards if they spend less when they travel.
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Fishbrain, the Sweden-made mobile app and social network for sport fishing, is disclosing $13.5 million in Series B funding. The round is led by B Capital Group, the VC fund founded by Facebook co-founder Eduardo Saverin, with participation from SoftBank Ventures Korea, and existing investors Northzone, and Industrifonden. The new cash injection, which brings total […]
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S&P Global announced today that it will acquire Kensho, a Cambridge, Massachusetts startup that has concentrated on artificial intelligence and analytics for big financial institutions. The total value of the deal is $550 million in a mix of cash and stock. Kensho, which counted S&P Global as a client/partner and an investor, launched in 2013 and […]
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Tandem, the U.K. challenger bank co-founded by fintech veteran Ricky Knox, continues to be a shopping spree. Following the purchase of Harrods Bank, the banking arm of the famous luxury British department store, the company is acquiring Pariti, a money management app that has garnered 95,000 users. Read More
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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 appetite to buy art but who don’t necessarily know how to go about learning about the market. Read More
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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 biggest rivals. Ofo and Mobike are the two largest bike-sharing companies in China. Read More
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Salesforce is set to buy CloudCraze, an enterprise e-commerce solution built on its cloud-based customer relationship management platform. Based in Chicago, CloudCraze announced on its site that it’s signed a definitive agreement to be acquired by Salesforce. The deal’s financial details were not disclosed. Read More
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After getting delayed by at least a month or so following a regulatory investigation just days before the meeting was scheduled to take place, Qualcomm’s timetable to hold the meeting is now bumped up to ten days from now — and possibly before Broadcom may complete its move to the U.S. The new change is coming as part of a presidential order by the Trump administration to block… Read More
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The massive fight over the fate of Qualcomm, which chipmaker Broadcom seeks to acquire in the largest deal in technology effort, took another dramatic turn this afternoon when the Trump administration said it would block the deal. The move is another chapter in a long story, a culmination of a lot of consolidation activity in the semiconductor space and months over jockeying over whether or… Read More
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