Fundings & Exits
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Patreon raises big round at ~$450M valuation to get artists paid
In an era where art is shared and streamed for free, Patreon offers new hope for turning content creation into a career. Illustrators, comedians, game makers, and musicians use Patreon to let fans pay a monthly subscription fee for special access to their work. In exchange, Patreon takes only a tiny 5% cut. With 50,000 creators and 1 million subscribers on board paying an average of $12 per… Read More
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CashShield raises $5.5 million to prevent credit card fraud
Over $10 billion is wasted every year due to fraudulent e-commerce charges and that number is growing. This is not only costly and time-consuming for the businesses, but also the credit card companies and customers. But now there are several startups including Signifyd that believe they can use technology to cut down on some of this fraud before it occurs. Another is CashShield, which has… Read More
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Here’s all the crazy hardware presented at HAX’s 10th demo day
We stopped by HAX’s demo day at the San Francisco Mint to check out all the hardware startups in the accelerator’s 10th batch. Many of the startups showcased creative combinations of hardware and software, particularly machine learning, to improve upon legacy services and outdated business models. HAX is known for its expertise in prototyping and manufacturing in China. The… Read More
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Eaze is moving into recreational marijuana delivery with $27 million in new funding
The cannabis industry has lit up in the last year, including weed delivery startup Eaze, which just raised $27 million in Series B financing and claims a 300 percent year-over-year increase in gross sales. But the weed delivery startup has come under scrutiny recently for burning through at least $1 million in cash per month. In contrast, other software-based pot delivery startups like Meadow… Read More
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Quick-charging battery startup StoreDot gets $60M on $500M valuation led by Daimler
As we continue to see a proliferation of wireless connected devices make their way into the mainstream consumer electronics market, there has been growing attention on a key issue that will be central to making all these devices work: efficient power supplies, and specifically practical battery systems. Today, one of the startups that’s hoping to lead the conversation on how this will… Read More
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Apttus scores $55M as it closes in on an IPO
Apttus, the unicorn quote-to-cash vendor built on the Salesforce platform, announced a $55 million round, which is likely its final private investment on the way to an IPO. While CEO Kirk Krappe wouldn’t definitively confirm the company was going public, he did say that today’s round was about gaining the confidence of future investors. “We decided we needed a certain amount… Read More
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Heptio raises $25M Series B to help bring cloud-native computing to the enterprise
Heptio, the startup founded by Kubernetes co-founders Craig McLuckie and Joe Beda, today announced that it has raised a $25 million Series B funding round led by Madrona Venture partners. Lightspeed Venture Partners and Accel Partners also joined in this round, which comes less than a year after the company’s $8.5 million Series A round. Read More
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Typeform, a platform for ‘conversational’ data collection, raises $35M
Filling out forms online and on mobile can be a tedious and bug-ridden — yet annoyingly necessary — experience. Today, a startup called Typeform has raised a significant round of capital to help fund its mission to change all that, with a platform that the startup claims gets its customers much better results because the interactive experiences created on it are more intuitive and… Read More
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Teralytics wants to tap telcos’ big data to help cities get smarter about Uber and Lyft
Teralytics’s big data analytics platform is targeting government agencies and transport companies wanting to understand complex problems relating to human mobility — from how to relieve transport pressure points to monitoring urban air quality without the need for CO2 sensors. Just plug in telecos’ data to play… Read More
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23andMe hits $1.5B pre-money valuation in latest huge funding round
Following up on the news of 23andMe’s huge upcoming financing round, TechCrunch has learned that the company is raising the new financing at a $1.5 billion pre-money valuation. This compares to a $1 billion valuation in its last private round. Dan Primack over at Axios reported the same thing this morning, but we’ve heard from our sources the number is indeed accurate.… Read More
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