Fundings and Exits

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Delivery logistics platform Bringg announced today it has raised another $12 million in Series B funding, bringing the total round to $22 million. The round, which follows the initial Series B from last spring includes new, strategic investment from automotive leader Dr. Shmuel Harlap, shipping and real estate magnate Eyal Ofer, and Salesforce Ventures. Previously, Bringg
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Leaning on its in-house life sciences expertise GV has backed another biotech startup in the UK, co-leading a £20 million ($27.1M) Series A in Oxford University spinout Vaccitech, which is developing a universal flu vaccine. Sequoia China, another new investor, is also co-leading the round, along with existing backer Oxford Sciences Innovation (OSI) — which operates a
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Never has there been more talk of innovation and yet more disappointment in the future than in the health care industry. AngelList shows almost a thousand startups just in the digital health space alone, and VCs invested $3.5 billion in digital health startups in just the first half of 2017 according to Rock Health’s industry
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Dropbox has filed confidentially for IPO, according to Bloomberg. TechCrunch has been hearing that the cloud company plans to go public in early 2018. The company did not respond to request for comment. The San Francisco-based business has been around since 2007 and there’s been speculation for years that it was getting closer to going public.
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Lisbon-headquartered Unbabel, a startup that has developed what it describes as an “AI-powered, human-refined” translation platform that makes it more cost effective to conduct business globally, has raised $23 million in Series B funding. The round is led by Scale Venture Partners, with participation from Microsoft Ventures, Salesforce Ventures, Samsung Next, Notion Capital, Caixa Capital,
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Sodexo, a French publicly-listed food services and facilities management company, has acquired a majority stake in Paris-based online restaurant and food delivery startup FoodChéri. Terms of the deal remain undisclosed, though François Paulus of Breega Capital, which backed the company’s €6 million Series A, tells me he is “happy with the return”. Founded in 2015
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Some nice momentum for Barcelona based Red Points which has closed a $12M Series B, led by Northzone. Previous investors Mangrove and Sabadell Venture Capital also participated in the round. This follows a $2.2M Series A in September 2016 when customers numbered in the region of 75. It’s now reporting customer numbers have passed 300, up from 100
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SolarWinds, the company behind services like Pingdom, Papertrail and AppOptics, today announced that it has acquired the cloud-based log-monitoring and analytics service Loggly. The two companies did not disclose the price of the acquisition, but Loggly, which was founded in 2009, had raised about $47 million over the years, including an $11.5 million Series D
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Ring, the connected home security gadget startup, has acquired Mr. Beams, a maker of LED lighting with wireless connectivity and motion-sensing capabilities. The Mr. Beams acquisition is intended to help Ring bolster its existing portfolio of connected doorbells, video cameras and combination floodlight/cameras with affordable, modular lighting that can integrated with Ring’s software and services.
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Citiesocial, a Taipei-based startup that helps emerging brands break into Asia’s e-commerce market, has raised $2.75 million led by Alibaba Taiwan Entrepreneurs Fund, a non-profit backed by Alibaba Group to support local startups. CDIB Capital and returning investor Cherubic Ventures also participated. The capital will be used to expand citiesocial into China, South Korea and
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Uber finally got its secondary transaction done with SoftBank buying billions of dollars worth of shares last month. Now we’re learning more about who sold what. It was already known that major shareholder Menlo Ventures was looking to sell shares, but we’re  hearing confirmation that it wagered the majority of its holdings and successfully sold close
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Verizon (which owns this publication) announced today that it has acquired Niddel, a startup that bills itself as an autonomous threat detection service. The acquisition price was not disclosed. Niddel’s primary product, Niddel Magnet is a subscription service that uses machine learning to locate infected or compromised machines inside an organization. It works completely autonomously
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Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. This episode, the first of 2018, saw our own Katie Roof and your humble servant (Alex) joined by Atish Davda, CEO and founder of EquityZen. Matthew Lynley is off this week. (Davda’s firm put together a landing page for Equity,
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Mapbox, the SoftBank-backed developer of mapping applications that competes with Google Maps, TomTom and Here, has acquired the intellectual property and developers behind Mapzen’s Valhalla project in a bid to strengthen its navigation toolkits. The acquisition, made as Mapzen was winding down, brings the Valhalla development team in-house for a bargain price that Mapbox chief executive
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Spotify has filed confidentially to go public, sources told Dan Primack at Axios. He learned that the music streaming company filed with the SEC at the end of December. The timing is consistent with what we are hearing. Sources told us that they’ve been targeting a debut for the first quarter of this year. We’ve gotten hints
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The proposed acquisition of global payment service MoneyGram by Alibaba’s Ant Financial is off after the U.S. government blocked the $1.2 billion deal. Ant Financial, the Alibaba affiliate which controls Alipay — China’s top mobile wallet — and other financial services, announced a deal to buy Nasdaq-listed MoneyGram in April 2017 after it beat off a rival
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Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. This week the crew — Katie Roof, Matthew Lynley, Alex Wilhelm — were joined by Barrett Daniels, the CEO of Nextstep Advisory, an IPO shop that helps companies go public. Guess what we talked about? Yes, we went back through the biggest
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Theranos has secured $100 million in debt financing. Yes, someone gave the blood testing company known for handing out questionable test results money. First reported by Business Insider, the company reportedly told investors it had secured the money from Fortress Investment Group, a New York-based private equity firm that was acquired by Softbank earlier this year.
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Inside baseball klaxon: media writing about media story incoming:: Mumbrella, the Australia-based media company, has been sold by its founders to U.S./APAC events company Diversified Communications. Mumbrella operates media and marketing industry-focused websites for Australia and Asia, an events business and a database service called The Source. It has 33 staff across four offices. The company started out
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China’s Didi Chuxing, the country’s top ride-hailing company, said today that it has raised $4 billion in new capital to support a range of new initiatives including international expansion. The company has already raised $13 billion from investors that include Alibaba, Tencent and Apple, and it said that this newest round will go towards developing
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Passport, company that’s managing much of the technical aspects of how people pay to use public transportation resources in cities like London, Miami and Los Angeles, has just raised $43 million. The money, from Bain Capital Ventures, will go to help the company expand its payment and transaction services nationally and internationally as cities and