Fundings & Exits
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European charity auction platform CharityStars closes €2M Series A
European online charity auction platform CharityStars, which counts eBay as its main competitor (in addition to CharityBuzz and IfOnly), has closed a modest €2 million in Series A funding. The round is led by 360 Capital Partners, with participation from A.S. Roma soccer player Stephan El Sharaawy, and LastMinute Group CEO Fabio Cannavale. Read More
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Walmart is buying Jet.com for $3 billion
Walmart Stores is buying Jet.com in a deal worth $3 billion dollars according to a source with direct knowledge of the deal, confirming reports that have been pouring in about the bid for Jet.com all week. According to our source the signatures for the deal were dry on Friday and will be announced as early as Monday morning — echoing what was reported in both Bloomberg and Recode.… Read More
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Airbnb raising a reported $850M at a $30B valuation
Tech unicorn and sharing economy darling Airbnb has informed the State of Delaware that it’s raising another heap of cash. TechCrunch independently verified that Airbnb indicated in a 28 page filing on July 28th that it has plans to bring in additional late-stage capital. Almost a year after its last raise of $1.6 billion, the company is said to be adding $850 million to its… Read More
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Facebook snatches up team from Eyegroove, a musical selfie app
The team from a startup called Eyegroove, a “musical selfie” app, has joined Facebook. According to a message on the company’s website, most of the small team who worked on the app will now be focused on building new experiences for Facebook users that will help them to “create, share and connect.” Founded in late 2013, the Eyegroove application was the… Read More
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Baker raises $1.6 million to help marijuana dispensaries get customers in the door
The average seed round in the nascent cannabis industry in the U.S. hovers around $1 million, according to hemp and cannabis-focused investment research by Poseidon Asset Management. But Denver-based Baker Technologies Inc. has raised $1.6 million in seed funding for software that helps marijuana dispensaries win new customers, eliminate long lines in stores, and retain and reward their… Read More
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In-app marketing startup Insert raises $10M
Insert is the new startup from the team behind app development company Worklight (which was acquired by IBM for $70 million). Today it’s announcing that it has raised $10 million in Series A funding. Insert CEO Shahar Kaminitz said that where Worklight (where he was founder and former CEO) was focused on “the core development of the application,” he’s come to realize… Read More
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Elation Health receives $15M to take another crack at electronic health records
Kyna and Conan Fong were at dinner trying to convince their father, who ran a medical practice, to try something different than just keeping paper records. There’s a good reason for that — they’re slow, they’re hard to transfer and share (often requiring paper delivery or faxes), and there’s a lot of information that can be lost along the way. But despite that being… Read More
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Network analytics startup Kentik pulls in $23M Series B
In a beacon of hope for onlooking founders, Y Combinator reject and network analytics startup Kentik Technologies locked down a $23 million Series B this morning. Let’s be honest — most of us don’t know anything about network infrastructure. Fortunately for most of us, we can afford not to know. For internet service providers and companies making use of a large number of… Read More
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Homebase raises $6 million to make hourly work easier to manage for local businesses
From rising rents to online competitors, local stores and restaurants face enough challenges outside of their own doors that basic stuff like scheduling employees’ shifts and breaks should feel easy. But that process is still, too often, a mess of paperwork and data entry. A startup called Homebase has raised $6 million to make hourly work much easier to manage for every business on… Read More
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Jack Dorsey gets a much-needed strong second quarter performance from Square
Jack Dorsey really needs a hit. After Twitter’s weak second-quarter showing, and both stocks not performing well in the past year, Dorsey — as the lead of both companies — needs to show investors his strategies are working (and that he can run both companies).
Well, he certainly got one today. Square reported its second-quarter earnings, where it brought in $439 million in… Read More
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