Fundings & Exits
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Operator harnesses chatbots, humans, and $15M to sell US goods to China
With a little personal shopping assistance, Operator thinks Chinese citizens will pounce on American products sold through its conversational shopping app. The promise of becoming the guided commerce layer connecting China with the US has earned the two-year-old a $15 million series B round at a $100 million pre-money valuation. “We’re making commerce borderless”, Operator… Read More
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BrightFarms raises $30.1 million to set up futuristic greenhouses across the U.S.
Agriculture tech startup BrightFarms has raised $30.1 million in Series C funding to bring its high-tech greenhouses, and fresh produce, across the U.S. The company is on a mission to make all fresh fruit and vegetables locally, rather than require them to be hauled from long distances or imported from overseas before they are sold at groceries. Taking a page from the playbook of solar… Read More
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InfluxData closes $16 million Series B led by Battery Ventures to organize IOT data
Imagine for a moment that you’re riding in one of John Zimmer’s proposed autonomous sleeper cars and you’re fast asleep on a road trip across the state. All of the sensors on the vehicle are collecting data so that standard components like the engine and steering systems don’t kill you. At sub-second intervals, some believe your car could generate nearly a gigabyte… Read More
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Gametime raises $20 million to sell last-minute, textable tickets to sporting events and concerts
Gametime has raised $20 million in venture funding for an app that allows people to find and buy tickets to a nearby concert or sporting event at the last minute, and even up to a half-hour after a game begins.
Evolution Media Partners led Gametime’s Series B round, joined by GV, Stanford’s StartX Fund, Accel Partners, Casey Wasserman and Jeff Mallett.
The funding brings… Read More
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Kickstarter is breaking down assumptions about where innovation can occur
While it’s easy to point to products like the Pebble Smart Watch as a sign that crowdfunding sites like Kickstarter are gaining ground against traditional institutional financiers and angels, the reality is that the vast majority of projects were never in the sights of Sand Hill Road. Rather, Kickstarter is illustrating that all it takes to sustain innovation outside of Silicon Valley… Read More
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Business process platform Progressly nabs Ruslan Belkin and announces $6M Series A from 8VC
Progressly, a new platform for supporting growth within large enterprises, just got a big boost in both money and staffing. Ruslan Belkin, a former top exec from Twitter and LinkedIn will be joining the roughly two year old company. With the spotlight drawn, Progressly is taking the opportunity to formally announce a $6 million Series A, led by 8VC, as part of its official coming out… Read More
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Unilever said to be the early frontrunner to acquire The Honest Company
We’re hearing from our sources Unilever has been in serious talks with the Honest Company, and may very well win the bid for the e-commerce startup, though our sources stressed that the deal is in early stages.
As usual, the deal is fluid and the final details could change (or not happen at all), and the exact price in the conversation could not be learned, though one source said the… Read More
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Phononic raises $30 million to rethink refrigeration
A startup based in North Carolina’s Research Triangle Park, Phononic, wants to make refrigeration and temperature control far more efficient, and steadier, than is possible with traditional systems. Instead of relying on vapor compressors, fans, chillers or passive heat sinks, Phononic makes semiconductors that are smaller than a dime, and actively remove heat from the places or… Read More
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Softbank has completed its £24B cash acquisition of ARM Holdings
One of the biggest tech deals this year — and the biggest ever in the UK — has now closed. Today, Softbank announced that it has completed its acquisition of ARM Holdings, the semiconductor firm that it said in July it would acquire for £24 billion in cash (around $32 billion in today’s currency, $31 billion at the time of the deal), in order to make a big jump into IoT. As… Read More
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Boku locks down another $13.75M to fund carrier connections for global expansion
Global mobile payments company Boku announced a $13.75 million funding round today led by a consortium of UK investors. The company had previously raised approximately $77.25 million from Khosla Ventures, New Enterprise Associates, Index Ventures, Benchmark, and Andreessen Horowitz among others. The relatively small round, within the greater context of the company’s past… Read More
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