Fundings & Exits
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Amazon’s AWS buys Thinkbox Software, maker of tools for creative professionals
It looks like AWS, Amazon’s cloud computing arm, has made another acquisition to add more productivity tools for its customers beyond basic cloud-computing services. It has picked up Thinkbox Software, which develops and sells solutions for media design and content creation aimed at people in the video and wider visual media industries. Examples of services that Thinkbox already… Read More
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How Hazel Technologies keeps fresh fruit and vegetables from spoiling
Chicago-based Hazel Technologies is on a mission to reduce food waste. The company has developed packaging inserts that, through the magic of basic chemistry, can ward off fungus and mold and slow the spoilage of fruits and vegetables. How big a problem is food waste? The most recent available reports from the U.S. Department of Agriculture have found that each year we waste more than 25… Read More
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Okta acquihires Stormpath, doubles down on identity in apps and APIs
Okta, the $1.2 billion identity management startup for enterprises that some tip for an IPO this year, has made an acquisition of sorts to expand one of its newer lines of business: managing IDs across APIs and apps. Today the San Francisco-based company announced that it has picked up the team from Stormpath, an early mover in providing a way for developers to implement authentication… Read More
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Atom Bank raises $102M at $320M valuation for a mobile-only bank for millennials
Atom Bank, a startup out of the U.K. that has built a mobile-only bank targeting consumers between the ages of 18 and 34, has raised another £83 million ($102 million) in funding led by BBVA, the Spanish bank and owner of Simple in the U.S. The funding gives Atom a post-money valuation of £261 million ($320 million), TechCrunch has confirmed with the company. BBVA also led… Read More
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Snap’s high-priced IPO rakes in cash for big acquisitions
Most of Snap’s top products came from acquisitions, and now it will have the war chest to make more. Yet it didn’t have to blow its momentum to collect this cash. After pricing its IPO at $17, above its original $14 to $16 range, today its shares popped over 40 percent to start trading at $24. That means it pocketed $3.4 billion while still looking cool and confident on the… Read More
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HowGood raises $4.2 million to guide shoppers to products that match their values
Millennial consumers care about the sustainability of what they buy more than any other generation that came before them. This point is illustrated in studies from Pew Research, Clemson University and Nielsen, to name a few. Now, a New York-based consumer data company called HowGood has raised $4.2 million in a Series A round of venture funding to help retailers answer every question these… Read More
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Snap valued above $30B as shares pop more than 40% in public trading debut
After months of hand-wringing, Snap’s IPO has now set the stage for what people will be expecting for the future of its business. Snap’s performance this morning is also setting the stage for what investors and Wall Street will be looking for at tech IPOs moving forward this year. Read More
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Daimler leads ChargePoint’s new $82M round for EV charging network growth
Campbell, Calif.-based ChargePoint secured a new $82 million funding round, led by automaker Daimler. The new funding will help ChargePoint expand its network of electric vehicle charging stations in Europe, as the company pursues its goal of making charging stations for EVs as readily available and convenient as gas stations. The funding round also includes existing investors BMW i… Read More
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Snap values itself at nearly $24B with its IPO pricing
Snap has given a final price for its IPO, setting the company’s valuation at nearly $24 billion with a price of $17 per share, according to a report by The Wall Street Journal. With that, it looks like Wall Street had plenty of appetite for Snap despite multiple major concerns about the company’s business. Slowing user growth, rising burn and a dependence on Google and Amazon for… Read More
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Five burning questions that Snap’s IPO is about to answer
Snap will begin publicly trading tomorrow, which means that it will officially give a price for its shares in its initial public offering this evening. Originally setting a range between $14 and $16, the company set its own valuation lower than what tech observers might have expected, given the hype of the first big tech IPO of 2017. Read More
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