The ongoing trend of consolidation in the world of ridesharing continues apace, with the latest development coming out of Europe. BlaBlaCar, the French carpooling platform, is acquiring Less, a young carpooling platform based in Paris and focusing only on urban rides, paying drivers on a per-kilometer rate to incentivize them. The financial terms are not
$4.5 billion-valued ride-sharing startup Go-Jek may be busy in Southeast Asia, where it is aiming to step into the gap following Uber’s exit, but that isn’t stopping it from looking at opportunities elsewhere in the world. Over in Bangladesh, motorbike-taxi hailing service Pathao has announced that it raised a “pre-Series A” investment led by Go-Jek.
DocuSign priced its IPO Thursday evening at $29 per share, netting the company $629 million. It was a better price than the e-signature company had been expecting. The initially proposed price range was $24 to $26 and then that was raised to $26 to $28. The price gives the company a valuation of $4.4 billion
Stock market investors greeted payroll software company Ceridian with enthusiasm on its debut Thursday. After pricing above its expected range at $22 per share, the stock shot up 42 percent, closing above $31 by day’s end. Ceridian helps clients ranging from BlackRock to Trader Joe’s keep tabs on personnel, including payroll, benefits and onboarding. Its
GetLinks, a Thailand-based startup that offers a job finder app in six countries Southeast Asia and neighboring regions, has closed new funding led by Australia’s Seek group and Alibaba’s Hong Kong Entrepreneur fund. The size of the investment was not disclosed. GetLinks previously raised $500,000 in 2016, and it later added $150,000 more to that
NSI Ventures, the Singapore-based VC firm affiliated with PE firm Northstar Group that invested early in ride-sharing unicorn Go-Jek, is going independent after it announced it has rebranded to Openspace Ventures. NSI Ventures was started by Hian Goh, an entrepreneur who sold his startup Asia Food Channel in 2013, and finance exec Shane Chesson in 2014. The firm
PayPal reported its first-quarter results after the bell on Wednesday, sending shares up about 3% in after-hours trading, due to better-than-expected numbers. Adjusted earnings per share for the payments giant came in at 57 cents, above analyst estimates of 54 cents. Revenue for the quarter was $3.69 billion, up 24% from last year. Analysts surveyed
Fresh off a massive cascading series of fiascos that has thrown the future of Qualcomm into doubt, the company managed to report a mostly positive first quarter and keep the stock from going into a further tailspin. Qualcomm has been under considerable pressure for a wide variety of reasons, the most obvious one of which
Riding high on the growing consumer demand for podcasts, a startup called Castbox this morning announced the close of $13.5 million in Series B funding for its technology-fueled podcast app. The round was led by SIG China, and includes participation from existing investors IDG Capital, Qiming Venture Partners and GSR Ventures. To date, Castbox has raised $29.5
Sinovation Ventures, one of China’s prominent funds which is helmed by former Google China head Kaifu Lee, has announced a new investment fund that’s targeted at a total raise of $900 million. This newest fund is the firm’s fourth, and it promises to be its largest to date. Sinovation is a little different from other firms in
Clark, one of a plethora of so-called ‘insurtech’ startups offering something akin to a digital insurance brokerage all delivered through a convenient mobile app, has closed a hefty $29 million in Series B funding. The round was led by fintech investor Portag3 Ventures, and VC fund White Star Capital, with participation from a number of
Groupon founder Andrew Mason’s audio tour startup Detour has been sold to Bose. The acquisition, which involves only the software and tour content — not the team — was quietly announced on Detour’s blog a few days ago, followed by an email to customers. Bose, initially, seems like an unlikely acquirer for an app designed
Xiaomi and Ant Financial are two of a cluster of major tech names being linked with IPOs in Hong Kong. But, despite a burst of upcoming tech listings and new measures that are tipped to encourage more, the country still has some way to go to match the U.S. as a destination for startup exits,
Gaming hardware maker Razer, which went public in a big IPO in Hong Kong last year, is doubling down on payments after it announced a deal to acquire MOL, a company that offers online and offline payments in Southeast Asia. Razer made an initial $20 million investment in MOL last June to supercharge its zGold virtual
India’s technology industry is bracing itself for the next era of e-commerce warfare, which looks set to be waged and bankrolled by two gigantic corporations located halfway across the world: Amazon and Walmart. Amazon is already deeply committed to the country, where it has pledged to deploy more than $5 billion to grow its business,
Pivotal has kind of a strange role for a company. On one hand its part of the EMC federation companies that Dell acquired in 2016 for a cool $67 billion, but it’s also an independently operated entity within that broader Dell family of companies — and that has to be a fine line to walk.
Stock market investors showed lukewarm enthusiasm for Pivotal Software’s debut on Friday. After pricing the IPO at $15, the company closed the day at $15.73. Although it didn’t “pop” for new investors, pricing at the midpoint of its proposed range allowed Pivotal to raise $555 million. Its public company market cap exceeded $3 billion. The enterprise
Prenetics, a Hong Kong-based startup that offers genetic testing services for patients, is expanding outside of Asia and into the consumer space after it acquired London-based company DNAFit. The deal — which a source told TechCrunch is worth $10 million — not only sees Prenetics enter new geographies, but also expand the scope of its services.
Savedroid, a German company that purportedly raised $50 million in ICO and direct funding, has exited with a bang. The site is currently displaying the above image and the founder, one – Dr. Yassin Hankir – has posted a tweeted thanking investors and saying “Over and out.” A reverse image search found Hankir’s photo on
While smaller companies are seeing a lot of new options for distributed office space, or can pick up a couple offices in a WeWork, eventually they get big enough and have to find a bigger office — but that can end up as one of the weirdest and most annoying challenges for an early-stage CEO.
AJ Brustein was out spending time with a member of his merchandising team when a nearby store ran out of stock of some goods — but there was no one on staff responsible for that location. Fortunately, the employee he was with had already showed him how to restock the shelves, and he offered to
Funding Societies co-founders Reynold Wijaya and Kelvin Teo. Funding Societies, a peer-to-peer lending platform in Southeast Asia, said today that it has raised a $25 million Series B led by Softbank Ventures Korea, the Japanese tech conglomerate’s early-stage venture capital unit. The round included returning investors Sequoia India, which led the Singapore-based startup’s Series A
According to Parsley Health, the average adult spends 19 minutes with their physician every year. Seventy percent of the time, these short visits result in the prescription of a medication. “According to the CDC, 70% of diseases in our country are chronic and lifestyle-driven,” said Parsley Health founder and CEO Dr. Robin Berzin. “And yet
When you’re raising venture capital, it helps if you’ve had “exits.” In other words, if your company has been acquired or you’ve taken one public, investors are more inclined to take a bet on anything you do. Boston -based serial entrepreneur David Cancel has sold not just one, but four companies. And after a few years
Can Artificial Intelligence replace lawyers? Perhaps sometime in the distant future, but in the meantime AI is already augmenting the work done by legal professionals as startups race to reach that ultimate goal. One burgeoning player in the AI-powered legal tech space is Tel Aviv-based LawGeex, which has developed automated contract review technology to help
Harbor helps businesses legally issue cryptocurrency tokens that represent ownership of real-world assets like real estate, fine art, company equity, and investment funds. This “tokenization” might sound boring, but it could be a big business that unlocks trading of illiquid property. Harbor‘s intention to become a fundamental bridge between the offline and crypto economies has
Lingumi, the London and Cardiff-based edtech startup that teaches English to kids aged between 2 and 6 using an app and a range of physical products, has picked up £1.2 million in seed funding. Leading the round is ADV, with participation from existing backers LocalGlobe, and company builder Entrepreneur First (Lingumi was part of EF’s
Pluralsight, the Utah-based education technology company, has revealed its IPO filing. Given the timing of the unveiling, the company is likely targeting a May public debut. Its core business is online software development courses, helping people improve their skills in categories like IT, data and security. Businesses small and large pay Pluralsight to help train their
“The percentage of Top 40 music made with our platform blows my mind,” says Splice co-founder Steve Martocci. He tells me about some bedroom music producers who were “working at Olive Garden until they put sounds on Splice .” Soon they quit their jobs because they were earning enough from artists downloading those sounds to
Coinbase, the prominent cryptocurrency exchange, has announced its most significant piece of M&A to date after it agreed to buy Earn.com, the U.S. startup that uses the blockchain for its paid-email service, in a deal worth more than $120 million. In addition, Coinbase has appointed Earn.com co-founder and CEO Balaji Srinivasan as its first CTO,
Mixcloud, the London startup that offers an audio streaming platform designed for long-form content, has closed its first-ever funding round, TechCrunch has learned. According to a regulatory filing and since confirmed by co-founder Nico Perez, the ten-year old company has raised approximately $11.5 million led by WndrCo, the media and technology holding company based in
While companies’ operations become increasingly fragmented into a wide variety of different spots — especially if they’re existing somewhere in a variety of different cloud tools — making sure those operations are still healthy has become more and more critical. And for companies whose lifeblood is directly keeping that software online longer, it’s even more
Subscription biller Zuora was well-received by stock market investors on Thursday, following its public debut. After pricing its IPO at $14 and raising $154 million, the company closed at $20, valuing the company around $2 billion. It was also much higher than expected. The company said in its filings that it planned to price its shares
SpaceX has authorized a new Series I round for 3 million shares in a new round that will be worth up to $507 million, according to a certificate of incorporation document filed in Delaware. If all shares in this round are issued, the new round would value SpaceX at around $23.7 billion, according to the
Founded in 2010 as an online loyalty card service, Punchh has since grown into a marketing platform serving more than 115 restaurant chains, including Pizza Hut and Quiznos. Now it’s raised a $20 million Series B to expand into more retail verticals and increase the use of artificial intelligence and machine learning in its cloud
East Meet East, a New York-based matchmaking service focused on connecting Asian people in the U.S., is expanding its focus to go after dating opportunities in Asia after it raised a $4 million Series A funding round. The money comes from existing backer 500 Startups and new investors Asahi Medialab Ventures, DG Lab Fund (a joint effort
Billie, a New York-based startup that wants to fight the “pink tax” on goods marketed to women, announced today that it has closed a $6 million seed round. The funding was led by Silverton Partners, with participation from returning investors including Female Founders Fund and Lakehouse Ventures, and will be used to grow Billie’s team
WeWork is buying up one of its largest competitors in China after it announced a deal to acquire Naked Hub. The deal was widely reported by Chinese media yesterday, but WeWork has now confirmed it through a blog post from its CEO Adam Neumann. Terms of the transaction are not disclosed but Bloomberg reported that it
TravelTriangle, a startup that is digitizing travel agencies and travel bookings in India, has raised a $12 million Series C round led by Fundamentum. The startup operates like a travel booking platform to allow holidaymakers to choose and secure their travel plans online. It also works with offline travel agents to help them offer services,
Retail has been revolutionized over the last decade, with brands like Casper and Warby Parker offering high-quality goods at lower costs simply by selling them through the internet. Koio, a relatively new high-end sneaker brand, is looking to get in on the new retail wave, and the company has some fresh cash to do it.