Fundings & Exits
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Search Startup Gjirafa Scores $2M To Bring Albania Online
Not only has Gjirafa developed an albanian search engine, which overcomes some of the complexities and uniqueness of the albanian language, but it is also tackling the region’s search engine chicken and egg problem: much of the information that users typically search for doesn’t yet exist online. Read More
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Social Video Streaming App TiZR Picks Up Backing From Spinnin’ Records
With Twitter-owned Periscope, Facebook’s latest video efforts, and, of course, Meerkat, is there any space left for a new social video streaming app? ThinkingPhones Becomes Fuze And Grabs $112 Million Investment Led By Summit Partners
ThinkingPhones, a Cambridge, Massachusetts, cloud service that offers messaging, phone service and video streaming, announced $112 million investment round today.
The company also announced it was changing its name to Fuze, which happens to be the name of the cloud video company it purchased last fall.
The round was led by Summit Partners with help from current investors Bessemer Venture… Read More
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Digital Shadows Gets $14M To Keep Growing Its Digital Risk Scanning Service
UK cyber security startup Digital Shadows, which sells a SaaS service to businesses wanting to monitor and manage potential risks by keeping tabs on activity related to their digital footprint — has closed a $14 million Series B funding round, led by Trinity Ventures. As part of the investment, Trinity’s Fred Wang has joined the Digital Shadows board. Read More
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Robin And Saul Klein’s Localglobe Backs Online Mortgage Advisor Trussle
Localglobe, the new VC fund from father and son duo Robin and Saul Klein, has led a £1.1 million investment in online mortgage advisor Trussle. Others joining the round include notable U.K.-based investors Ed Wray, co-founder of Betfair, Dan Cobley, ex-Google U.K. MD, and Ian Hogarth, co-founder and chairman of Songkick. Read More
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Revolut Gets More Funding For Its Mobile Foreign Exchange Service
British startup Revolut just closed its seed round. After announcing having raised $2.3 million this Summer, the company has added a couple of new investors. In total, the company has raised $4.8 million (£3.2 million) from Index Ventures, Balderton Capital, Seedcamp and Point Nine, Venrex and business angels. Read More
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CustomInk Acquires Represent, A Custom Merchandise Marketplace for Influencers
CustomInk, a leading player in the online custom appeal space, has announced it is acquiring Represent, a Los Angeles-based social commerce startup. Sources close to the acquisition tell us the price tag was approaching $100 million, with it being a cash and stock deal. Founded in 2014 by Bryan Baum, Andrej Pancik, and Leo Seigal, Represent is similar to CustomInk in that it lets anyone… Read More
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You Misunderstand Foursquare. It’s comScore, Not Instagram
Foursquare is not a consumer social app business, it’s a data company. And only when it admitted that to itself and revalued as such was it able to pull in more capital and keep chugging. Today at LA’s Upfront Summit, Foursquare’s lead investor from Union Square Ventures Fred Wilson stuck up for the startup while trying to make people understand how it’s… Read More
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Sonatype Snares $30 Million Investment Led By Goldman Sachs
Sonatype, a company that helps customers create automated, policy-driven software component security, announced a $30 million round today led by Goldman Sachs. The investment was a mix of debt and equity financing and was handled by Goldman’s Principal Strategic Investments Group, rather than Goldman’s venture capital arm, Sonatype CEO Wayne Jackson explained. Although this… Read More
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Cisco To Buy Jasper Technologies For $1.4 Billion
Cisco announced today it was buying Jasper Technologies, developers of an Internet of Things cloud platform for $1.4 billion. With Jasper, Cisco gets a company that understands the burgeoning Internet of Things market. While the IoT term gets bandied about quite a bit, it simply means connected machines talking to one another over the internet. This could be industrial automation equipment on… Read More
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