Fundings & Exits
Auto Added by WPeMatico
Gaming company Kabam’s roller coaster ride to a $700 million exit
We talked with Kevin Chou, co-founder and CEO of the gaming company Kabam, about his own both stressful and euphoric experience in running a gaming startup for roughly a decade before selling most of its assets in December to South Korea’s Netmarble Games for a reported $700 million. Read More
Powered by WPeMatico
Dubuc Motors gets SEC approval for equity crowdfunding
Dubuc Motors, makers of the Tomahawk all-electric supercar prototype, recently announced that the Securities and Exchange Commission (SEC) had approved its filing for equity crowdfunding under the US JOBS Act Regulation A+. The company began a Testing the Waters campaign in 2016, when it revealed the Tomahawk prototype, and raised $6.1 million in initial funding reservations. Now that the… Read More
Powered by WPeMatico
Dubset raises $4M to legalize remixes for Spotify and Apple Music
Record labels refuse to allow streaming of remixes and hour-long DJ sets unless copyright owners get paid for every little sample. Dubset just raised $4 million to handle that legal mess so Spotify and Apple Music can offer the type of music that used to live illegally on SoundCloud. Read More
Powered by WPeMatico
Workfit raises $5.5 million seed round to be your AI meeting assistant
Conversational AI is pushing deeper into enterprise with Workfit, a new startup promising to make conference call follow-ups and mid-meeting CRM updates as easy as playing a song or checking the weather on Google Home or Amazon Echo. Battery Ventures, Greycroft Partners, Salesforce Ventures and a number of angels joined together to finance a $5.5 million seed investment in the… Read More
Powered by WPeMatico
Investors pour $2 million more into booze marketplace Drizly
Boston-based Drizly used to be known as the on-demand delivery app for alcohol. More recently, the company evolved into a marketplace that helps brick-and-mortar liquor stores to connect with and sell to customers nearby through web and mobile commerce. The Drizly app shows shoppers different prices on the beer, wine and liquor that they’re looking for at local shops, along with… Read More
Powered by WPeMatico
DARTdrones pitches Shark Tank to build a flight school for drone pilots
Entrepreneurs who pitch on ABC’s Shark Tank typically make packaged goods and apparel. Occasionally, the high tech breaks through. XCraft, the company behind the PhoneDrone Ethos, scored a rare investment from all of the judges on the ABC show last spring, for example. And tonight, drones are once again flying “in the Tank” as DARTdrones seeks funding to build… Read More
Powered by WPeMatico
SoFi confirms $500 million in new funding as it pushes beyond lending
Online finance startup SoFi got its start refinancing student loans but gradually has been adding other services to members. To expand into new regions and move closer to becoming a full-service financial services company, SoFi has confirmed that it raised an additional $500 million in equity financing led by Silver Lake. Read More
Powered by WPeMatico
Shine gives up on mobile network ad-block threats, wants to play nice
So much for sticking “nuclear weapons” in carriers’ dumb pipes. Shine, last year’s enfant terrible of mobile ad blocking is pivoting (again!) — in both tone of voice and business model. It’s also rebranding to, er, Rainbow. AirMap raises $26 million to manage air traffic as drone use surges
Lower airspace isn’t crowded with drones quite yet. But as drones become more pervasive, a startup called AirMap is building software and systems to help drone operators fly only where it’s safe and legal to do so. The task will prove completely different from that of managing airliners as we do today, says AirMap CEO and cofounder Ben Marcus who is also serving as the co-chair for… Read More
Powered by WPeMatico
Monzo, a UK digital-only bank, is closing in on new funding led by US-based Thrive Capital
Monzo, one of a number of new digital-only, or so-called “challenger,” banks in the U.K. aiming to re-invent the current account, is closing in on new Series C funding, which could be announced as early as this week. According to multiple sources, U.S.-based Thrive Capital is leading the round. Read More
Powered by WPeMatico