Fundings and Exits

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Costanoa Ventures has raised a $175 million fund, the the third fund for the Palo Alto-based venture firm. With a focus on enterprise technology, Costanoa Ventures typically invests at seed stage and Series A. The new fund brings the total capital for the five-year-old firm to $500 million under management. Founder and managing partner Greg
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Investors may not be done shoveling money into Magic Leap’s augmented reality ambitions quite yet. The Plantation, Florida-based startup is reportedly in talks with Singapore-based Temasek Holdings to raise upwards of $500 million, valuing the AR company at around $6 billion, Bloomberg reports. Sources also told Bloomberg that Magic Leap will likely begin shipping devices to a
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Going beyond the bounds of our planet is the future. Elon Musk wants to take us to the moon and the likes of SoftBank want to use satellites orbiting the world to solve global connectivity. That explains why Infostellar, a platform that enables antenna sharing to enable better communication for satellites and spacecrafts, exists — and also
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While Tampa Bay residents are beginning the process of removing the sandbags from their homes and getting back to the business of daily living in the aftermath of Hurricane Irma, the city’s multi-millionaire real estate developer, Jeff Vinik, is busy with plans of his own. Last year, Vinik and Bill Gates’ Cascadia fund jointly acquired
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Zomato, the global restaurant guide and food on-demand service, has made an acquisition to shore up its delivery business on home turf after it completed a deal for Runnr. The acquisition has been rumored since May and is much-anticipated, as Zomato CEO Deepinder Goyal himself acknowledged in an announcement. The all-stock deal was previously pegged at $40 million
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Southeast Asia-based fashion marketplace Zilingo has closed an $18 million Series B funding round led by Sequoia Capital India and Burda Principal Investments. Zilingo was founded less than two years ago by ex Sequoia analyst Ankiti Bose (CEO) and former Yahoo engineer Dhruv Kapoor (CTO). The basic vision is to help Southeast Asia’s thriving independent fashion sellers and
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Startup funding and exiting activity has been slow over the past few months in the U.S. Fewer companies closed rounds, IPO volumes were light, and not a lot of big M&A deals got done. But that’s to be expected, right? After all, it was summer break. Now that Labor Day’s over and we’re back at our
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Credit score business Equifax revealed Thursday that 143 million people were compromised in a cyber attack. Social security numbers and other personally identifying information were accessed. And guess what, the stock market didn’t like it! The company lost about $2 billion in market cap Friday after tumbling nearly 14%.  Apparently, the company has known about the
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UrWork, the unicorn that is competing with WeWork in China, is following its American rival’s lead by extending its reach in Southeast Asia after it took part in a $3 million funding round for Indonesia-based ReWork. The round, which is described as pre-Series A, was led by China-U.S. firm ATM Capital and Indonesia’s Convergence Ventures. UrWork
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India-based OYO, a startup that pioneered and popularized the concept of budget hotel networks, has closed $250 million in new funding led by SoftBank’s Vision Fund. The startup was founded in 2013 by Thiel Fellow Ritesh Agarwal, now aged 24, and the concept centers around standardizing the quality of India’s wildly differentiated affordable hotels, and providing
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Innoviz, a company making LiDAR sensors to support the development and deployment of autonomous driving, has raised a new $65 million in Series B funding, from strategic partners and leading auto industry suppliers Delphi Automotive and Magna International, along with other investors. The vote of confidence from Magna and Delphi is especially noteworthy, however, because
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VizEat, the European “social eating platform” that connects travellers and local hosts around authentic food experiences — such as dining in a local’s home, cooking classes, and food tours — has acquired EatWith, a similar startup headquartered in San Francisco. Terms of the deal are undisclosed. EatWith is thought to have raised over $8 million
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Fanatics, the 17-year-old, Jacksonville, Fla.-based sports e-commerce company that helps leagues and teams sell their licensed apparel and fan gear directly to customers, has closed on $1 billion in funding led by SoftBank Group’s Vision Fund. The National Football League and Major League Baseball, both earlier investors, also participated in the round, which values the
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Chew.tv, a video streaming service for DJs to show off their mixing skills, has been acquired by BandLab Technologies, the Singapore-based ‘social’ music-making platform. Terms of the deal are undisclosed, though it was widely known that Chew.tv, which has been described as ‘Twitch for DJs,’ had been struggling financially over the last six months. Originally
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Aifloo, a Swedish startup that combines hardware sensors and AI to offer a ‘smart wristband’ to help care for the elderly, has raised €5.1 million in new funding. The Series A round is led by EQT Ventures, with the VC firm’s Analytics Partner, Henrik Landgren, citing the team and technology as reasons to invest, noting
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As outsized ridesharing companies like Uber and Lyft continue to build out their taxi-style marketplaces largely based around connecting individual passengers to individual drivers, a startup focused squarely on the carpooling opportunity has raised a large round of funding to expand outside of the U.S. Via — which has developed a shuttle-based carpooling service that it
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Habito, a London startup that is bringing the entire mortgage process online, has raised £18.5 million in Series B funding. Atomico, the European VC firm founded by Skype’s Niklas Zennström, led the round, with participation from existing investors Ribbit Capital, Mosaic Ventures, and Revolutionary (Ad)Ventures. It brings the total raised by the U.K. company to
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A website built using Strikingly’s platform. Half a decade after it was founded, website building platform Strikingly finally decided it’s time to raise a Series A. The Y Combinator alum announced that it has closed a $6 million round from investors including CAS Holding, Infinity Venture Partners, Innovation Works, former Y Combinator partner Kevin Hale and
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Thailand’s banks have stepped up to chase the startup dream over the past year. Following on from SCB’s Digital Ventures, which has backed blockchain startup Ripple among others, Kasikorn Bank (KBank) has made the first investment from its $30 million fund — a $1.15 million round for Bangkok-based FlowAccount. KBank announced its Beacon fund this