Fundings & Exits
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Growlabs nabs $2.2M to automate outbound sales
Just six months into its life, Growlabs, a startup using machine intelligence to support outbound sales teams, has raised a $2.2 million seed round. Growlabs helps businesses reduce their customer acquisition costs by enabling smalls sales teams to do more with less. VentureFriends closes €20M fund to invest in Greek software startups
A tiny bit more VC money sloshing around Europe. This time it’s the turn of Greece-based VC fund VentureFriends, which is announcing the final closing of a €20 million fund to invest in Greek software and “high tech” startups at the seed stage. The two Partners of the fund are Apostolos Apostolakis and George Dimopoulos, with Stefanos Katsimpas also acting as a senior… Read More
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Abundant Robotics rakes in $10 million for apple harvesting robots
GV (formerly Google Ventures) is leading a $10 million investment in Abundant Robotics, a company building apple-picking robots that could eventually be adapted to harvest other fruits. Joining GV in the round were BayWa AG and Tellus Partners, along with the company’s earlier backers Yamaha Motor Company, KPCB Edge and Comet Labs. Read More
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Mayo maker Hampton Creek is shedding execs
Food and beverage startups backed by tech investors are having a rough go of it this season, with Juicero all but melting down and companies like Memphis Meats, Urban Remedy and Soylent recalling products, according to required disclosures on the federal site Foodsafety.gov. Now, Hampton Creek Foods, a packaged goods company backed by the likes of Horizons, Khosla, and AME Cloud… Read More
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Quantifying startup funding inequality for fun and profit
Income inequality and disparity in resource distribution have drawn a lot of attention recently in the United States. Today, we’ll investigate a variation on the theme, exploring the distribution of a specific resource, venture capital funding, across a particular population, in this case, all U.S.-based technology companies founded in or after 2003 with at least one recorded funding round. Read More
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Orbital Insight closes $50M Series C led by Sequoia
Orbital Insight, a geospatial analytics startup, announced it had completed raising a $50 million Series C round of financing from Sequoia. The fresh capital brings the company’s total fundraising to $78.7 million. Bitfusion raises $5M for its AI lifecycle management platform
When Bitfusion launched in 2015, its focus was on helping developers speed up their applications by giving them pre-compiled libraries that made better use of GPUs, FPGAs and other co-processing technologies. That was then. Today, the hottest market for these technologies is in training deep learning models. Unsurprisingly, that’s exactly what Bitfusion is focusing now. Read More
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2017 tech IPOs are on a tear compared to last year
By this time last year, one tech company had gone public. Already this year, nine tech companies have gone public on U.S. exchanges. Needless to say, public exits are looking up.
That comparison becomes starker when you compare SecureWorks, 2016’s first IPO, to Snap, which went public in 2017. SecureWorks priced under range, and it has since fallen nearly 38 percent from its IPO price. Read More
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With Series A funding from Benchmark, Prefer takes the wraps off its new marketplace
Between Thumbtack, Yelp, Angie’s List and Amazon, it wouldn’t appear that the world needs a new platform that matches customers with service professionals. That’s not the way Julio Vasconcellos sees it, clearly. Vasconcellos has spent the last year-plus working on a services platform called Prefer. Read More
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Collaboration software company Jive to be acquired by Aurea for $462 million
Jive, a community collaboration software company that was one of the biggest Enterprise 2.0-era success stories, going public in 2011, announced today it had agreed to be acquired by ESW Capital’s Wave Systems for $462 million. It will become part of the Aurea family of companies. Read More
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