Fundings & Exits
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NFL’s Drew Brees backs Waitr to make takeout easy in anytown USA
Food delivery startups abound in the U.S., but few of them deliver to customers in “second cities” and smaller towns. From early pioneers like Grubhub to newer services like DoorDash, food delivery businesses have tended to focus on urban areas with a high concentration of restaurants and people who frequently order takeout. Now, New Orleans Saints Quarterback, philanthropist… Read More
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Astro raises an $8 million Series A for its AI-powered email solution for teams
On the surface, Astro, launching its public beta today, is a nifty but not completely necessary email client that combines machine intelligence and a bot interface to improve workflows and increase the signal to noise ratio of mail for power users. But the real story is that the startup, backed with a new $8 million Series A led by Redpoint, is gearing up to pitch enterprises on… Read More
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Kidizen raises $3.2M for a kids’ clothes resale app with a social twist
Kidizen, a marketplace for secondhand children’s apparel, has raised $3.2 million in Series A funding, the company announced today. The funding was led by Chicago-based Origin Ventures, which backed the startup following its more than 100 percent year-over-year growth in 2016 — which has allowed the business to reach more than a quarter million registered users across the U.S.… Read More
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Networking services startup Cradlepoint lands $89M investment from TCV
In a world where having internet connectivity is the lifeblood of just about every business, Cradlepoint helps customers deliver consistent networking services, even when there is a lousy cell signal. Today the company announced it had secured an $89 million Series C investment from TCV. TCV is the only investor this round, and as part of the deal TCV’s general partner Ted Coons and… Read More
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Google confirms its acquisition of data science community Kaggle
Google today said it is acquiring Kaggle, an online service that hosts data science and machine learning competitions, confirming what sources told us when we reported the acquisition yesterday. The company made the announcement at its Google Cloud Next conference this morning in San Francisco, while not disclosing the terms of the acquisition. But it’s not all that surprising that… Read More
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Gobi raises $500K to take on Snapchat
Norwegian startup Gobi raised $500,000 at a $15 million valuation to take on Snapchat with its “Stories” communication tool. The platform enables users to create public and private groups where users can share photos and videos that stay around for three days before vanishing into digital pixel-dust. Read More
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Wrapify raises $3M from Avery Dennison to pay you to wrap your car in ads
Wrapify, the startup that will pay you to wrap your car with an advertisement, has raised $3 million in seed funding. As a refresher, the startup provides a two-sided marketplace that matches up drivers wanting to make some extra money with brands looking for a unique way to advertise. Eligible drivers will get their car wrap installed (and removed) for free, and on average are paid $450 a… Read More
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Farmer’s Business Network cultivates $40 million to help farmers buy seeds at favorable prices
GV (formerly known as Google Ventures) and DBL Partners co-led a $40 million investment in Farmer’s Business Network, Inc., the company announced on Tuesday. FBN started as something of a professional network for farmers and other agronomists. It allowed people working in agriculture to anonymously share information about what they were paying for seeds, fertilizers and other… Read More
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Confluent raises $50M to continue growing commercial arm of Apache Kafka
Confluent, the commercial company built on top of the open source Apache Kafka streaming database project, announced today that it has closed a $50 million investment.
The round was led by Sequoia with Benchmark and Index Ventures also participating. Sequoia’s Matt Miller will be joining the Confluent board as part of the deal. Today’s round brings the total investment into the… Read More
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Old-school social networks Tagged and Hi5 bought by MeetMe for $60M
Like bizzaro Facebooks, Tagged and Hi5 launched in 2004 to help you meet new people instead of connecting you with friends you already know. Through social games and paid dating features, they earned a surprising amount of revenue despite being relatively unknown. Tagged bought Hi5 in 2011 before branching out into standalone social app development and renamed the parent company If(we). But… Read More
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