Fundings and Exits

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Despite a continuing economic crisis, Brazil’s technology startups are continuing to attract cash and financing, with the mobile personal financial service GuiaBolso raising $39 million in fresh funding. Readers outside of Brazil can think of the company as a combination of U.S. services like Mint, Credit Karma and Lending Club, all rolled into one. That
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BuddyGuard, the Berlin startup behind the Flare AI-powered home security camera, has raised €3.4 million in new funding, money it plans to use to ramp up marketing of the newly-launched device. Leading the round is German electrical specialist Bachmann Group, with participation from over 20 unnamed angel investors across Europe. Originally funded via a Kickstarter
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Prenetics, a genetic testing startup, plans to expand into more Asian countries after raising a $40 million Series B led by Beyond Ventures and Alibaba Hong Kong Entrepreneurs Fund. The round also includes capital from Yuantai Investment Partners, mFund and eGarden Ventures, and brings Prenetics’ total raised so far to $50 million. The capital will
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Walmart has bought a handful of startups lately and the company says this acquisition spree will continue. It’s looking to buy businesses in the technology, retail and digital native brands categories, said Marc Lore, CEO of Walmart eCommerce U.S., on stage at WSJ D.Live in Laguna Beach on Tuesday. The Jet.com founder joined Walmart through
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Spotahome, a Madrid-based startup that lets you view and book mid to long-term accommodation online, has closed €13.6 million in Series A backing. This brings the total raised to €20.7 million since the ‘proptech’ company was founded in 2014. In a call, Spotahome co-founder and CEO Alejandro Artacho told me the injection of capital will
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While most of the attention paid to India’s e-commerce boom focuses on big players like Flipkart, there’s another fast-growing sector: people, mostly women, who resell items on social media. Several startups now exist to serve the so-called “housewife reseller” market. One of them, Y Combinator alum Meesho, announced today that it has raised a $3.4
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Used-car marketplace CarGurus spiked more than 72 percent during its first day of trading. The Cambridge, Massachusetts-based company had raised more than $150 million after pricing its IPO at $16. By the end of trading Thursday, shares had gone up more than 72 percent, closing at $27.58. In a conversation earlier this morning with CarGurus
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Armed with an understanding of machine learning, ROSS Intelligence is going after LexisNexis and Thomson Reuters for ownership of legal research. The startup, founded in 2015 by Andrew Arruda, Jimoh Ovbiagele and Pargles Dall’Oglio at the University of Toronto, is announcing an $8.7 million Series A today led by iNovia Capital with participation from Comcast Ventures Catalyst Fund, Y
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MioTech, a financial tech startup with offices in Hong Kong and Shanghai, has raised $7 million in Series A funding to develop artificial intelligence based software for investment managers. The round was led by Horizons Ventures, the private investment arm of Hong Kong business tycoon Li Ka-shing, with participation from returning investor Zhenfund. MioTech’s graph
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Laundryheap is a London-headquartered laundry on-demand startup that has taken a different path to competitors such as Laundrapp and Rocket Internet’s Zipjet. Rather than raise VC funding, the company, which claims to already be break even and is operational in London, Birmingham, Manchester, Dublin and Dubai, has been entirely bootstrapped over the last three years.
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In the last two years, Unilever acquired Carver Korea for $2.7 billion. Estee Lauder purchased Too Faced Cosmetics for $1.45 billion. CVC Capital Brands bought PDC Brands for $1.43 billion. L’Oreal purchased a trio of skincare brands for $1.3 billion, and also  IT Cosmetics for $1.2 billion. E.l.f. Beauty did an IPO. Venture capitalists didn’t invest in any of
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Las Vegas-based data center operator Switch went public on the New York Stock Exchange today, under the ticker “SWCH.” After pricing its IPO above the proposed range at $17, the company closed at $20.73, up almost 22 percent. The company raised $531 million in its offering. Here’s how Switch describes itself in its filing: “We believe
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Moneyfarm, the U.K.-headquartered “digital wealth manager” has acquired the technology behind personal finance chatbot Ernest. Terms of the deal aren’t being disclosed, though I understand that, along with the tech, this is an acqui-hire of sorts, seeing London-based Ernest’s CTO Lorenzo Sicilia join Moneyfarm to oversee technology integration. Founded in 2015 by Niall Bellabarba, Cristoforo
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The Honest Company, the five-year-old natural body and home care products company co-founded by the actress Jessica Alba, looks to be raising $75 million in new venture capital funding at $19.60 per share, according to a Delaware filing first spied by CBInsights and reported by Axios. The amount is a far cry from the $45.75 per share
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Gobble, a 15-minute meal kit delivery service, has raised $15 million in Series B growth financing from Khosla Ventures, TechCrunch has confirmed. Khosla Ventures led the round, along with participation from previous investors a16z, Trinity Ventures and Initialized Capital. Gobble came out of Y Combinator in 2015, around the same time many DIY meal kit
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Bluecore, the automated marketing platform for ecommerce brands, has today announced the close of a $35 million Series C round of funding. Norwest Venture Partners led the round, with participation from existing investors including Georgian Partners, FirstMark Capital, and Felicis Ventures. As part of the deal, NVP’s Scott Beechuk will join the board of directors