Fundings & Exits
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Bolt Threads is raising $106 million from Foundation Capital and Formation 8
Our spidey senses are tingling over here. According to an SEC filing, TechCrunch has learned Bolt Threads, the biotech company spinning microbes into spider silk, is raising a whopping $106 million in Series D financing. Bolt Threads has been on a meteoric rise since it first told TC about its ambitious endeavor to make spider silk, a material stronger than teflon but softer than a cloud. Read More
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Apple has acquired imaging sensor startup InVisage Technologies
As Apple continues to work on ever-smaller but more powerful computing devices, it has acquired a startup focusing on nanotechnology, and specifically as it relates to image sensors. TechCrunch has learned and confirmed that Apple has picked up InVisage Technologies, a startup that develops solutions to improve imaging capabilities on space-constrained devices, like smartphones.
An Apple… Read More
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Real estate startup Compass nabs $100M at a $1.8B valuation
Today, the real-estate startup Compass is announcing that it has raised another $100 million — money that it plans to use to expand its sales and rental listings service to every major city in the U.S., as well as build new CRM technology to integrate client, listings and transactions data. The Series E values the company at a whopping $1.8 billion. Compass had over $100 million in the… Read More
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Smart trucking startup CargoX raises $20M
CargoX announced today that it has raised $20 million in Series C funding led by Goldman Sachs. The startup is currently focused on the Brazilian market, where it connects businesses that need to ship something with drivers who have excess capacity in their trucks. The goal is to help truckers make more money while reducing shipping costs for businesses. Read More
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MyMusicTaste, which allows fans to request live events, gets $11M Series C
MyMusicTaste, a Seoul-headquartered service that lets fans campaign to bring their favorite artists to their city, plans to double the concerts it organizes next year after raising an $11 million Series C. Microsoft acqui-hires cinemagraphic photo app Swng
Computer vision and clever imaging technology remain hot areas in consumer and enterprise apps, and today Microsoft is picking up talent and tech from a startup called Swng Technologies to give it some IP and talent in this department. Swng announced the news itself, and Microsoft’s VP heading up Skype, Amritansh Raghav, also made a little announcement, too. The amazing folks at… Read More
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Challenger bank Monzo raises another £71M from Goodwater Capital, Stripe and Michael Moritz
Monzo, one of a number of “challenger” banks in the U.K. aiming to re-invent the current account, continues to be on a roll, both in terms of user numbers and now a significant new funding round. Broadcom offers to acquire Qualcomm for $70 per share
Following rumors over the weekend, chipmaker Broadcom has today confirmed it has approached wireless chipmaker Qualcomm with an acquisition offer that values the company at $130BN (including $25BN of net debt). Niantic acqui-hires Evertoon to add a social network to Pokémon Go and other apps
Niantic, the company behind the hit mobile game Pokémon Go and its predecessor, Ingress, announced today it has acquired the team from the startup Evertoon to help it further build out its mobile products. Deal terms were not disclosed, but from how it’s described, the move seems to be more of an acqui-hire focused on gaining access to talent, rather than Evertoon’s IP. Launched… Read More
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Rallyteam raises $8.6 million to keep employees at companies
How can companies stop the best employees from leaving? Money. A good corporate culture. But some people are dissatisfied with the skills they’re gaining in their roles. Rallyteam has found that talented millennials often leave companies because the jobs aren’t challenging enough or leading them to their desired career path. The startup is working with corporations to keep… Read More
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