Fundings and Exits

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Yubico, the company behind the increasingly popular YubiKey two-factor authentication key, has raised a $30 million funding round. This marks the first major institutional funding round for Yubico, which had previously only raised $4.5 million from angel investors. New investors include New Enterprise Associates, the Valley Fund and Bure, a major growth equity firm from Sweden. Existing
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Yahoo’s shareholders have approved the sale of Yahoo’s operating business to Verizon in a vote held today and confirmed in a press release sent out following the meeting. The company’s stockholders also voted to approve the advisory vote on the compensation payable to Yahoo’s named executive officers in connection with the completion of the transaction. The final
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Revolut, the rather noisy London fintech startup that offers a card and current account features that comes with low currency exchange, has taken venture debt from U.S.-based Triplepoint Capital, according to a regulatory filing. The amount remains undisclosed, though I understand the financing is to see the company through to a much larger Series B
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Addepar, the provider of data collection and monitoring services for the financial industry (it’s Palantir’s somewhat less ethically compromised cousin), has raised a whopping $140 million in its latest round of funding. The company’s financing, which likely makes it a unicorn if it wasn’t already (company chief executive Eric Poirier refused to comment on the
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So far, 2017 is shaping up to be a pretty good year for technology unicorns. Private investors are minting about one new unicorn a week this year, roughly the same pace as 2016. More existing unicorns are going public. And for those remaining private, capital continues to flow in while disclosed valuations are mostly holding
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NTT Data, the large Tokyo-based global IT services provider, today announced that it has made a strategic investment in database provider MarkLogic. The two companies declined to reveal the size of the investment, but Dave Ponzini, MarkLogic’s EVP of Marketing and Corporate Development, tells me it was “not a huge amount but not an insignificant amount
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Magicpin, an India-based company that combines elements of Foursquare with offline-to-online services, has closed a $7 million Series B round. The money comes from existing backers Lightspeed India Partners, Westbridge and undisclosed overseas investors, and it takes the startup past $10 million raised to date. The two-year-old company was founded by former Lightspeed investor Anshoo Sharma
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Alex Wilhelm is the editor-in-chief of Crunchbase News and co-host of Equity, TechCrunch’s venture capital-focused podcast. More posts by this contributor: 2017 is miles ahead of 2016 when it comes to IPOs. Instead of the mere two tech IPOs we had this time last year, there have been at least 10, depending on what you count
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The tech industry is opening its eyes to the possibilities of raising money using cryptocurrencies like bitcoin and Ethereum through ‘initial coin offerings,’ and it’s about to see the first ICO from a major venture-backed company. Last week, Kik, a messaging app popular with young people in North America, announced an ambitious plan to launch its own currency
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Naspers has taken a bite out of yet another food delivery startup, with its commitment to lead and $80 million investment in the Indian online ordering and food delivery startup, Swiggy. The global internet and entertainment conglomerate has invested in several online food ordering and delivery companies worldwide, including the Brazilian company iFood and, in Mexico, SinDelantal. Earlier
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When Snap went public in early March, it opened up the floodgates after what had been a stagnant period for tech IPOs. The warm investor reception for the Snapchat parent helped pave the way for MuleSoft, Alteryx, Elevate, Okta, Netshoes, Yext, Cloudera and Carvana, which all debuted in March or April. But then in May we only
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Alteryx, the data analytics company, went public on the New York Stock Exchange today, marking the third IPO of the year. The company priced its IPO yesterday at $14 per share, and closed Friday at $15.50, or 10.7% higher. Alteryx works with clients like Amazon, Ford and Coca-Cola to help them better assess what products are
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Welcome to the second episode of TechCrunch’s newest podcast, Equity, our venture capital-focused show focused on the numbers, people and companies driving the technology industry. This week, TechCrunch’s Katie Roof, Matthew Lynley, and myself were joined by special guest Elizabeth “Beezer” Clarkson from Sapphire Ventures. We discussed the potential for rising M&A in the tech space, with a special
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Online secondary ticket marketplace Vivid Seats is looking for a buyer and they’re hoping to fetch a price of about $1.5 billion, TechCrunch has learned. According to multiple sources, private equity firm Vista Equity Partners is working with Morgan Stanley to unload Vivid, which could net a tidy profit for the firm a little over a year after acquiring the business for
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Entrepreneurs who pitch on ABC’s Shark Tank typically make packaged goods and apparel. Occasionally, the high tech breaks through. XCraft, the company behind the PhoneDrone Ethos, scored a rare investment from all of the judges on the ABC show last spring, for example. And tonight, drones are once again flying “in the Tank” as DARTdrones seeks funding to build its national flight school
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Privacy Labs, a stealth-stage startup that wants to enable internet users to “regain control” of their personal data, has landed a $4 million seed funding round. The company doesn’t have a product right now and is cagey about what it will eventually release, but nonetheless its promise has persuaded Initialized Capital to lead this round. Other investors
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Hiatus, a New York-based startup that helps you identify (and potentially cancel) your monthly reoccurring subscriptions, has raised $1.2M in seed funding. Founded in 2015, Hiatus first connects to your bank account and identifies your paid reoccurring subscriptions, some of which you may have forgotten you’re even paying for. Each month it will notify you
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The Slack rocketship won’t slow down. The business messaging startup has raised $200 million at a $3.8 billion post-money valuation, the company confirms to TechCrunch. The round was led by Thrive Capital, with participation by GGV, Comcast Ventures and Slack’s existing investors, including Accel, Index Ventures and Social Capital. This brings the total funding for the three-year-old company