Fundings & Exits
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An ‘Uber for garbage’ picks up steam, and $11.7 million in Series A funding
Sometimes, it seems like every possible on-demand service that could be created has already come along — and, in some cases, gone away. But Recycle Track Systems (RTS), a two-year-old, New York-based waste and recycling management technology company, serves to remind that there remain plenty of opportunities for startups looking to turn our smartphones into lucrative businesses. Read More
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Moglix raises $12M Series B to digitize India’s manufacturing industry
Moglix launched in 2015 as an online store for tools and construction supplies, but now it’s venturing into enterprise software with the launch of GreenGST to help Indian manufacturers become compliant with the country’s new tax codes. The Noida-headquartered startup announced today that it has raised a $12 million Series B. Read More
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Here’s where you’re most likely to randomly run into a unicorn in the US
Where’s the best place to start a startup? It’s a perennial and somewhat intractable question entrepreneurs love to ask. And before you get your hopes up, we’ll start by saying there is no one right answer to this question. Like much in the world of startups and venture capital, it depends on a number of factors. But what we can tell is that networks matter. Read More
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A template for investor/founder sexual harassment policy
Venture capitalists need to adopt formal policies to protect startup founders from sexual harassment, assault, and discrimination throughout the fundraising process. The policy template below was created to facilitate the creation of comprehensive, enforceable investor/founder sexual harassment policies. It also seeks to lower the barrier so more people can courageously speak up against… Read More
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UVeye raises $4.5M to use computer vision to inspect underside of vehicles at security checkpoints
UVeye, an Israeli startup that is building computer vision and machine learning technology to be used to help detect security threats by scanning the underside of passing vehicles, has raised $4.5 million in seed funding. The round was led by Ahaka Capital, with participation from angel network SeedIL. Read More
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Push Doctor, an app that lets you video call a doctor, raises $26.1M Series B
Push Doctor, a U.K.-based startup that lets you book a video consultation with a doctor and manage other aspects of your health digitally, has raised $26.1 million in Series B funding. Ohpen, a cloud-based ‘core banking provider’, scores €15M Series B at €100M valuation
Ohpen, a Netherlands-based company that has built cloud-based core banking software, has raised €15 million in Series B funding, which I understand gives it a valuation of €100 million. Private equity firm Amerborgh has led the round, with the new financing pegged for accelerated growth, including expansion to the U.K. where it recently opened an office in London. Read More
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Will Blue Apron’s rebound continue?
Cooking kit delivery company Blue Apron traded up 3.5% on the stock market Monday, erasing some of the losses from its first two days as a public company. Shares closed at $9.67, which was still beneath last week’s $10 IPO price. This is in contrast to a lot of public debuts, where companies are typically in the green for the first day “pop.” It’s the subsequent days… Read More
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Six months after acquisition, SoFi is shutting down Zenbanx
Online lending company SoFi is closing down Zenbanx, the online banking provider it bought earlier this year. In an email sent to Zenbanx customers, the company announced that it will close all accounts at the end of next month. Tech veterans set up $100M fund to turn India’s top startups into unicorns
Two Indian technology veterans have set up a new fund that they hope will help the county churn out world-class, billion-dollar startups. Nandan Nilekani and Sanjeev Aggarwal have come together to launch the Fundamentum Partnership. Initially a $100 million fund — half of which is committed already — the duo told TechCrunch they aim to help cover the funding gap for India’s… Read More
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