Fundings & Exits
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Razer acquires audiovisual icon THX as it explores growth beyond the games industry
Razer, the company that develops hardware and services for gamers and the world of gaming, has made an acquisition to catapult it to more platforms and more people: The company has acquired THX, the legendary audio and video quality assurance company that was originally founded by George Lucas as part of Lucasfilm. Razer’s CEO Min-Liang Tan said in an interview that the terms of… Read More
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Snapsheet raises $20 million for app to help drivers file claims after a crash
A Chicago-based startup called Snapsheet has raised a Series C round of $20 million to make life easier for people who have been through a car crash.
The company’s cloud-based software is used by auto insurance providers to guide users through a photo- and information-gathering process on the scene of an accident. It is basically white labeled as a mobile app for each auto insurance… Read More
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CoreOS brings Redspread into its fold to improve its Tectonic container management service
CoreOS today announced that it has hired the founders of Redspread, a Y Combinator-incubated company that helps enterprises deploy their software on Kubernetes container clusters, and that Redspread’s open source tools are now part of the CoreOS family.
In its announcement today, CoreOS simply said that Redspread is “joining” CoreOS. Even after repeated prodding, the… Read More
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Bezahlt is a new German invoice financing startup from the founder of Kreditech
It was long-rumoured that Sebastian Diemer, who co-founded credit scoring and loans company Kreditech, was doing another startup in the fintech space and today that new venture de-cloaks. Bezahlt.de, which, along with Diemer, counts numerous other ex-Kreditech employees as part of its founding team, is taking aim at the German ‘factoring’ market. Read More
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While the IPO market roars back, venture remains leery
The IPO market is poised to make an almost complete 180° turnaround after a bleak Q1 and a very quiet summer. In contrast, venture capital investments, which had recalibrated alongside the IPO market in the second half of last year, have remained sedate, with a clear flight to quality; fewer rounds, for higher quality companies, with larger check sizes. Read More
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Mobile marketing and data startup mParticle raises $17.5M
mParticle announced today that it has raised $17.5 million in Series B funding. The New York City startup helps marketers collect user data through a variety of services and then funnel that data to other marketing and analytics tools. Co-founder and CEO Michael Katz said this not only reduces integration challenges and technical difficulties, but also helps businesses get a more unified view… Read More
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Levchin’s Affirm secures $100M credit line from Morgan Stanley
This morning, fintech startup Affirm announced a new $100 million credit line from Morgan Stanley. The money will go directly to supporting the company’s current financial products that help customers purchase goods and spread their expenses over a period of time. Morgan Stanley is not the first institutional lender to issue a line of credit to the company. In May of 2015, Affirm closed… Read More
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Noodle Partners raises $4 million to help colleges deliver degrees online
Noodle Partners Inc., a new education venture from the founder of The Princeton Review and 2U Inc., John Katzman, has raised $4 million in venture funding to help colleges and universities deliver high-quality certificate and degree programs online. Philadelphia-based Osage Venture Partners led the investment in Noodle Partners and was joined by New Markets Venture Partners, 500 Startups… Read More
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Breakout Labs backs 4 startups that are “reprogramming nature”
A venture fund that backs very early-stage advanced tech and science startups, Breakout Labs, has invested in 4 new deals, according to founder and Managing Partner Lindy Fishburne.
The fund, which is part of the Thiel Foundation, typically invests $350,000 in each startup, with no strings attached. If a startup’s research and development does not lead to commercialization as hoped… Read More
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VenueNext raises $15 million to take its app beyond U.S. sports stadiums
VenueNext Inc. has raised $15 million in Series B funding to bring its venue management technology to Europe, and beyond the live entertainment industry. Among other things, using VenueNext apps, people can wave their mobile tickets at the gate to get into a game or concert, order food, drinks or merchandise to be delivered to their seats, and get information and amenities that they need when… Read More
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