Fundings & Exits
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$100M Bitstrips acquisition makes sense now that Snapchat has stickers
It didn’t quite add up when Fortune broke the news last week that Snapchat would spend a $100 million to acquire Bitstrips, the maker of personalized avatar stickers called Bitmoji. Snapchat didn’t have anywhere to put them. But today, Snapchat launched “Chat 2.0”, a huge product update that includes the ability to send over 200 stickers to friends. Now it’s… Read More
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Tinder acquihires Humin to go beyond dating, and get an SF office too
Dating app Tinder is acquiring Humin the San Francisco startup which took a high-wire approach to contact management, trying to merge lots of disparate information into one contact app. Terms were undisclosed by TechCrunch understands from multiple sources that this roughly equates to an acqui-hire scenario.
Tinder says it is acquiring Humin’s technology and IP, while the founders and… Read More
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Dell reportedly near closing the sale of its IT services unit to Japan’s NTT Data
Dell is reportedly finalizing the sale of its IT consulting unit to NTT Data for $3.5 billion. According to Reuters, the deal, which will help Dell pay down debt from its $67 billion acquisition of EMC Corp., may officially be announced today. Snapchat reportedly acquires Bitmoji maker Bitstrips for $100 million
Fortune is reporting that Snapchat, the ephemeral messaging platform that has today become the number one free app on the App Store, has agreed to acquire Bitstrips, the folks behind popular emoji-creation service Bitmoji. Though we haven’t received confirmation from Bitstrips or Snapchat, Fortune’s sources say that the deal is “in the ballpark” of $100 million. The… Read More
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Tinder rival Bumble is majority-owned by European dating behemoth Badoo
It was already on public record that Andrey Andreev, the low-profile Russian founder of European dating behemoth Badoo, is an investor in female-led dating app Bumble, the Tinder competitor founded by ex-Tinderer Whitney Wolfe. However, TechCrunch can now reveal a number of previously unreported details of Wolfe and Andreev’s partnership. Read More
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All 60 startups that launched at Y Combinator Winter 2016 Demo Day 1
“You’ll notice we have many more startups that aren’t in the traditional software category,” said Y Combinator President Sam Altman at the start of its Winter 2016 Demo Day 1. While once upon a time YC was known for legions of social and marketplace apps no one needed, it’s branched out. Now Silicon Valley’s top accelerator features tons of hardware… Read More
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eGym raises $45M Series C for cloud-connected gym equipment and fitness software
eGym, the Munich-based startup that offers cloud-connected gym equipment and supporting cloud software and app for the fitness training floor, has closed $45 million in Series C funding. The round was led by new investor HPE Growth Capital, while existing investors, including Highland Europe, also participated. Read More
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Google Capital invests in Girnar Software, owner of Indian auto portal CarDekho.com
Girnar Software, which runs several auto portals in India including CarDekho.com, has raised an undisclosed amount of new funding from Google Capital, with participation from returning investor Hillhouse Capital. IBM buys UK’s Optevia to ramp up in public-sector, cloud-based CRM services
IBM has made an acquisition to help grow its business in cloud services for government and other public sector organizations — cloud services being of the areas that IBM hopes will offset declines in its legacy business. The company has acquired Optevia, a UK-based consultancy that specialises in customer relationship management solutions, specifically cloud-based CRM delivered by… Read More
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Distribusion, the startup that makes it easy to sell intercity bus tickets, picks up €6 million funding
Distribusion, the Berlin-based startup that’s built a platform to make it easy for travel companies and travel search engines to sell ‘intercity’ bus tickets, has picked up €6 million in funding. Backing comes from Northzone, Creandum, and HR Ventures. Existing seed investor Frühphasenfonds Brandenburg, along with a number of travel industry-related angels, also participated. Read More
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