Fundings & Exits
Auto Added by WPeMatico
Infarm wants to put a farm in every grocery store
To paraphrase science fiction writer William Gibson, the farm of the future is already here, it’s just not evenly distributed. OMG Digital, the “BuzzFeed of Africa,” raises a seed round of $1.1M
OMG Digital, the Ghana-based media startup dubbed the “BuzzFeed of Africa,” announced today that it has raised $1.1 million in seed funding. Its main site, OMG Voice, already has versions for Ghana, Nigeria, and Kenya, and the new capital will be used to expand into more countries. Read More
Powered by WPeMatico
Wefox acquires digital insurance carrier One
Wefox, the insurance platform that enables customers, insurance brokers and insurance providers to transact and manage insurance products digitally, has acquired One, a fully digital and newly launched insurance provider. Algorithmia raises $10.5M Series A round led by Google’s new AI fund
Word recently spread that Google had quietly launched a new fund for investing into AI companies. Now this fund has made its first (or at least its first public) investment, leading a $10.5 million Series A into Algorithmia, a marketplace and enterprise solution that allows developers to easily tap into its catalog of 3,500 algorithms, functions and machine-learning models. Read More
Powered by WPeMatico
Razer makes virtual currency push with $20M investment in Asian payment firm
Razer has invested close to $20 million into Malaysia-based online payment firm MOL Global as part of a push to establish its virtual currency for gamers in Asia. The deal sees Razer subsidiary ZV-Midas buy equity from existing backers MOL Investment and Hotel Resort Enterprise in a deal that values the MOL Global business at around the $100 million mark. Gaming company Razer, which made… Read More
Powered by WPeMatico
Snapchat acquires social map app Zenly for $250M to $350M
Snapchat’s newest feature, Snap Map, is based on its latest acquisition, social mapping startup Zenly. TechCrunch has learned that Snapchat has bought Zenly for between $250 million and $350 million in mostly cash and some stock in a deal that closed in late May. Snapchat will keep Zenly running independently, similar to how Facebook lets Instagram run independently. Read More
Powered by WPeMatico
Soldo, a London fintech startup that offers a multi-user spending account, raises $11M led by Accel
Soldo, the London-based fintech startup that offers a multi-user spending account, first launched for consumers and since tailored to businesses too, has raised $11 million in Series A funding. Agentology, the referral network for real estate agents, closes on $4.5 million
Real estate is one of those industries that has been rather slow on the uptake of technology, which makes a lot of sense. Buying and selling a home is one of the biggest, most personal decisions in a person’s life, and the shift to online browsing, transactions, etc. was bound to take longer than other sectors. Brokers, too, have grown accustomed to their ways and are usually hesitant to… Read More
Powered by WPeMatico
AimBrain, a startup that uses biometric authentication to fight fintech fraud, raises £4M Series A
AimBrain, a London startup that offers “biometric identity” as a service to help fintech companies and other financial institutions fight fraud, has raised £4 million in Series A funding. Winners and losers in Amazon’s $13.7B purchase of Whole Foods
Amazon is taking a huge bite out of the fresh food business with its bid for Whole Foods Market for $13.7 billion. But even though this is a deal between two companies, it’s not just the two of them being touched by it. The intersection between the food and tech industries has been playing out for years now, sprouting dozens of food startups; efforts from large tech companies to move… Read More
Powered by WPeMatico