Fundings and Exits

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Global co-working behemoth WeWork is best known for providing flexible office rentals to startups and other small businesses, but enterprise clients are becoming an increasingly large portion of its business. With that in mind, WeWork has acquired Israeli startup Unomy to help its team sell enterprise clients on the idea of opening up offices in its workspaces around
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Filecoin, the much-anticipated cryptocurrency that will eventually power a distributed file storage system, is opening its ICO today at 12pm PT / 3pm ET today. Last week Filecoin concluded a much talked about “advisor” sale that brought in a total of $52M from ~150 investors including Sequoia Capital, Andreessen Horowitz, Union Square Ventures, Winklevoss Capital
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Jason Rowley is a venture capital and technology reporter for Crunchbase News. More posts by this contributor: For the average American, the name “SoftBank” doesn’t mean much. It’s neither soft nor, technically, a bank. It’s a sprawling Japanese mobile carrier, internet service provider and holding company for other businesses ranging from cloud services and self-driving cars to energy trading. And
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Here Be Dragons, an immersive production studio focused on virtual reality content, has closed a $10 million Series A round led by Discovery Communications with participation also coming from David Droga and David Jones. The raise sets the virtual reality studio’s valuation at $55 million pre-money, the company confirmed to TechCrunch. As part of the round,
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Roivant Sciences, a three-year-old, Basel, Switzerland-based company aiming to one day be a giant holding company for dozens of independent biopharmaceutical companies, has raised $1.1 billion in equity led by the SoftBank Vision Fund — making it the latest in a string of enormous bets by SoftBank, and putting the young outfit more squarely on
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Pro.com started out as a marketplace that wanted to connect homeowners with home improvement and renovation professionals. Today, however, the company is a tech-centric general contractor with licenses in Washington state and California — and it’s also probably one of the best-funded general contractors. The company today announced that it has raised a $10 million
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Iflix, an Asia-based startup providing Netflix-like streaming services in emerging markets, has landed $133 million in fresh funding to accelerate its business. The investment was led by U.S. media conglomerate Hearst, which counts BuzzFeed, Vice and Roku among its investment portfolio. The group was joined by another new backer EDBI — the corporate investment arm of the
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Auris Surgical Robotics, a 10-year-old, San Carlos, Ca.-based surgical robotics company that was founded by serial entrepreneur Frederic Moll, has quietly raised $280 million in Series D funding led by Coatue Management. The company had previously raised at least $184 million from investors, shows Crunchbase. Its other backers include Mithril Capital Management (cofounded by Peter
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Last November, GE acquired the AI-centric startup Wise.io to bolster its machine learning capabilities. While Wise.io’s core competency was in machine learning, its main product focused on helping enterprises manage customer service requests. Maybe unsurprisingly, GE has now spun out Wise.io in a new company, SmartAssist.io, which will continue to expand the service and work
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China’s Ofo and Mobike may be the Uber of bike-sharing thanks an early head start and more than $1 billion in cumulative funding that’s financing aggressive international expansions, but that isn’t deterring smaller players. Hong Kong’s Gobee Bike, one such upstart — which literally operates in the shadow of those two Chinese giants — just announced
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Square, the payments processing company founded by Jack Dorsey, reported its second quarter earnings after the bell on Wednesday. After beating expectations, the stock quickly went up 4% in initial after hours trading. Square reported revenue of $552 million, when analysts were forecasting $536 million. It’s also up 26% from the same period last year. The company
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I’ll admit, when WanderJaunt co-founder Michael Chen told me he wanted to build a hotel chain, like the Westin, from the ground up on Airbnb, I wasn’t sure what to think. There are already dozens of property management startups for short-term rentals (Vacayo, Guesty, etc.). And besides, isn’t the commercial dominance and economic power of hotel
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Ritual Vitamins has raised $10.5 million in Series A venture funding to attract talent, scale the business and build in-house technology for customer experience and support. Ritual first launched as a Disrupt NY Battlefield 2016 contestant with interest and angel funding from Upfront Ventures, FF Angel, Rivet Ventures and Troy Carter. Ritual has since raised a total of $15.3 million. Vitamins
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Impossible Foods, the six-year-old, Redwood City, Ca.-based company known for its “juicy” meatless burgers, quietly announced $75 million in funding late last week, led by Temasek, with participation from Open Philanthropy, as well as earlier investors Bill Gates, Khosla Ventures and Horizon Ventures. The company says it isn’t providing further financial details but the round
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San Francisco-based startup Juvo wants to help mobile users in emerging markets improve their financial standing by combining data and identity to provide micro-loans. It’s an ambitious goal, and to help achieve it, the company has raised $40 million in funding led by NEA and Wing Venture Capital. Juvo joins companies like Branch and Tala in bringing financial
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Sawyer, a two-year-old, Brooklyn-based startup that aims to become the OpenTable of children’s activities, has raised $6 million in new funding led by Advance Venture Partners. Others that contributed to the round include Chan Zuckerberg Initiative, 3311 Ventures, Female Founders Fund, and earlier backer Collaborative Fund, as well as unnamed investors from the company’s $1.5
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As e-commerce giants like Amazon continue expanding their on-demand offerings, retailers are struggling to keep up. CommonSense Robotics wants to make near-instantaneous deliveries accessible to smaller businesses with micro-fulfillment centers that can be built inside existing retail spaces. The company announced today that it has raised $6 million in seed funding from Aleph VC and
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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: We’re taking a look at the IPOs of tech’s biggest players, the firms that we call the Big 5. We started with Amazon. Next up on our list is Google, the search and advertising giant. Google, now