Fundings & Exits
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Gigster’s crafty plan to give freelance developers equity
Gigster is launching the Gigster Fund, comprised of $700,000 raised from Bloomberg, Felicis and China’s CSC as LPs, plus 1 percent of Gigster’s own equity. Each month it will invest $50,000 cash in one of Gigster’s top clients in exchange for 1 percent of that company at a $5 million valuation. Gigster will also provide them with advice, connections, fundraising help,… Read More
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Axonify raises $27M to gamify employee training without wasting your time
Think back to the last time you had to do a corporate training. More likely than not it was a frustrating experience that you simply tried to survive rather than learn from. (If you feel otherwise, I’m genuinely worried about you). With $27 million in fresh funding led by JMI Equity and BDC Capital, Axonify, wants to hack your brain to help everyone get away with doing less while taking… Read More
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Classy raises $30 million to help nonprofits raise donations, make a greater impact
A San Diego startup called Classy has raised $30 million for software-as-a-service that helps nonprofits raise donations online, and keep supporters engaged in a good cause for the long run. Specifically, Classy helps 501c3 or other nonprofit organizations to run crowdfunding, online and mobile campaigns, awareness and fundraising events all under one roof. This makes it possible for nonprofits… Read More
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Giphy, the platform for all things GIF, raises $72 million in new funding
Giphy, the NY-based search engine and platform for GIFs, has raised $72 million in funding led by Draper Fisher Jurvetson, Institutional Venture Partners and China Media Capital. This brings Giphy’s total funding to just short of $151 million, according to Crunchbase, with a valuation reported at $600 million by the WSJ. Giphy started as part of a Hacker-in-Residence program at… Read More
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Our favorite startups from 500 Startups’ 18th class
500 Startups’ 18th demo day wrapped up this afternoon in San Francisco. The companies that presented ranged from financial technology all the way to yet another attempt to try and fix conference calls. 500 Startups has to compete with a lot of other accelerators like Techstars and Y Combinator, and in order to be successful it needs to generate hits from these classes. The firm has had… Read More
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Samsung acquires Tachyon to extend enterprise mobile device management
Samsung’s mobile operation has taken a big hit of late, with profits plunging 30 percent in the last quarter in the wake of the Note 7 recall. But today, the company is announcing an acquisition of a wireless enterprise startup that speaks to how it wants to grow other areas of its business to offset setbacks like this, as well as the larger overall slowdown in handset sales… Read More
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Winnie grabs $2.5 million for its directory of family-friendly places
A mobile application that makes life easier for parents, Winnie, has raised $2.25 million in seed funding to continue to grow its business. The app, essentially, is a directory that provides information from the perspective of parents on nearby restaurants, parks, schools, and other points of interest – that is, things like whether the local diner has changing tables for infants, or if… Read More
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IrisVR raises $8M to bring virtual reality to architecture and design
New York City startup IrisVR is announcing that it has raised $8 million in Series A funding. The company has built virtual reality tools for the architecture and design industries. Iris Prospect allows customers to take their 3D plans and blueprints and turn them into VR experiences viewable on devices like Oculus Rift, HTC Vive, GearVR and Cardboard. Iris Scope, meanwhile, converts… Read More
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Root Insurance launches a new car insurance company
Alexander Timm has been working in the insurance industry since he was 14. While that’s strange enough, what’s even weirder is that Timm really loves the work. He’s so enamored of the business that he’s founded his own insurance company, Root Insurance, to remake the process of applying for — and insuring — drivers. There’s a lot happening in the… Read More
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HYPR raises $3 million to keep hackers from getting their hands on your fingerprints
If your account gets hacked these days, the first thing you’ll do typically is reset your password, maybe beef up your security settings, and proceed to use the account or app again. But what if hackers get their hands on your fingerprint, iris or other biometric data? You can’t just change your fingerprints or eyes on a whim. That’s where a New York City startup called… Read More
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