Fundings & Exits
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Ex-500 Startups partners launch Hustle Fund to level the playing field for founders
Ex-500 Startups partners Elizabeth Yin and Eric Bahn want to focus on potential impact, not on whether or not founders have a degree from Stanford or some Ivy League school. Their goal with Hustle Fund, according to sources, is to level the playing the field for entrepreneurs in an industry where pedigree is not a good proxy for success. Read More
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Robotics process automation startup Kryon pulls in $12M Series B investment
In an industry that tends to concentrate its startup energy in Silicon Valley, Kryon defies convention. The robotics process automation (RPA) startup has its US headquarters in New Jersey. The location didn’t matter when it came to getting investment capital as the company announced a $12 million Series B today. The round was led by Aquiline Technology Growth (ATG) and Vertex Ventures.… Read More
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Roku nearly doubles since IPO, up another 13% on day two
Digital streaming business Roku has soared in its public debut. After pricing its IPO Wednesday at $14 per share, Roku finished its first day of trading at $23.50, up nearly 68%. And by the end of Friday, Roku closed at $26.54, or up 90% in less than 48 hours. The company is now valued at about $2.6 billion. So this must be great news for the company, right? Well, sort of. Read More
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Heetch raises $12 million to reboot its ridesharing service
French startup Heetch has been around for quite a few years. Although things were running smoothly, the company had to start over mostly from scratch. In March 2017, a court in Paris ruled that Heetch had been illegally operating a transportation company. The startup is now rising from the ashes and raising $12 million to fund its new service. Read More
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Accela gets acquired by Berkshire Partners as it looks to move govtech services to the cloud
Boston-based private equity shop Berkshire Partners announced this afternoon that it is acquiring Accela — a nearly 20 year old startup that sells regulatory management solutions to government clients. Accela has gone through a troika of CEOs in the last year. Previously acting CEO Mark Jung replaced Maury Blackman last October who had managed the company for about a decade. We… Read More
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Angry Birds-maker Rovio priced IPO, valuing company at $1 billion
Angry Birds-maker Rovio Entertainment priced its IPO at 11.50 euros, at the top of its proposed range. It raises 30 million euros in proceeds.
This values the company a little above $1 billion, just half of the $2 billion the company was previously said to be hoping for. The company previously raised at least $42 million in venture funding from Accel, Atomico, Felicis Ventures and… Read More
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Onfido raises $30M more for its AI-based identity verification technology
Malicious hackers and security breaches that have exposed personal information of millions of people have pushed the issue of online security into the spotlight, not just for individuals but for organizations that do business with them. Now a company called Onfido, which has built a way to help websites verify people’s identities using a photo-based identity document, a selfie and… Read More
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Eden raises $10 million Series A to build out its office management marketplace
Eden, the office management and tech support platform, has today closed $10 million in Series A funding led by Spectrum 28, with participation from Fifth Wall Ventures, Bessemer Venture Partners, Y Combinator Continuity Fund, Canvas Ventures, Comcast Ventures, Eniac Ventures and other existing investors. Eden started out as a tech support service for both businesses and consumers. The… Read More
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Managed By Q, the office management system, acquires Hivy
Managed by Q, the platform that helps office managers handle day-to-day operations, has made its first acquisition, picking up Y Combinator graduates Hivy for an undisclosed amount.
Managed By Q lets office managers book cleanings, handy work, IT help, and order office supplies thanks to a partnership with Staples. MBQ has raised upwards of $72 million and now serves New York, Chicago, San… Read More
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ProsperWorks raises $53M for its G Suite-centric CRM service
ProsperWorks, a service that offers a set of Google-centric CRM tools, today announced that it has raised a $53 million Series C round led by Norwest Venture Partners, with participation from GV (the fund you probably still remember as Google Ventures). This new round brings the company’s total funding to $87 million, which, in ProsperWorks’ own words, makes t the “#1 funded… Read More
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