Fundings & Exits
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Intel Acquires German Drone Startup Ascending Technologies
Intel has made yet another hardware acquisition to build up its business of integrating its processors and RealSense imaging technology into the next wave of connected devices beyond PCs. Today the company announced it has purchased Ascending Technologies, a Germany-based startup that makes small drones and the software used to fly them. Financial terms of the deal have not been disclosed… Read More
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Life Sciences Marketplace Quartzy Raises $17 Million To Build Up The Supply Side
Quartzy, a lab supplies marketplace, announced it has closed a $17 million round in Series B financing to help the startup build up the supply of lab equipment offered to customers. The startup launched out of Y Combinator four years back and has since partnered with several academic institutions, including Stanford to offer an alternative marketplace for pricier lab supplies. Quartzy does so… Read More
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Movinga, The European Online Removals Startup, Picks Up $25M Series B Round Led By Index
Movinga, the online removals startup that claims to be a leader in its native Germany but also operates in numerous other European countries, such as Austria, Switzerland, U.K., France and Italy, has picked up $25 million in Series B funding. Credit Karma Acquires Innovative Mobile Notifications Startup Snowball
Credit and finance management platform Credit Karma, known best as the startup that offers free, no-strings-attached credit scores, has made its first acquisition. The company has acquired the makers of the mobile application Snowball, with plans to leverage the team’s expertise in mobile notifications. Terms of the deal were not disclosed, and the Snowball app will be pulled from… Read More
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Alibaba To Invest $1.25B In Restaurant Delivery Service Ele.me, Says Report
Alibaba will reportedly invest $1.25 billion in Ele.me, a food delivery service based in Shanghai, says financial news site Caixin (link via Google Translate). The deal would Alibaba the startup’s biggest shareholder, with a 27.7 percent stake. Salesforce Grabs Quote To Cash Vendor SteelBrick for $360 Million
They say there’s not supposed to be much M&A action the week of Christmas, but Salesforce apparently didn’t get the memo, picking up quote-to-cash vendor SteelBrick today for $360 million. According to the 8-K form Salesforce filed with the SEC, the deal is for $360 million in stock, not including the company’s investment in SteelBrick or the $60 million it has in… Read More
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Oracle StackEngine Acquisition Part Of Expanding Cloud Strategy
After years of ridiculing the cloud, Oracle has been taking it a lot more seriously recently, and it quietly purchased StackEngine last Friday as part of an effort to boost its Platform as a Service offerings.
StackEngine, which is based in Austin, Texas had a very brief announcement on its website linking to Oracle.com. It simply stated that the database giant had purchased the… Read More
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Gojimo, The U.K. Exam Preparation App, Picks Up Further $1.8M Backing
Gojimo, an app that helps U.K. high school students prepare for exams, has picked up a further $1.8 million in funding, bringing total raised by the 2013-founded startup to just over $3 million. Foursquare Is Raising A Down Round
We’re hearing a lot of chatter that Foursquare is in the process of raising a new fundraising round that will be a down round. The exact dollar value of what the company is raising, as well as the exact valuation of the round, couldn’t be learned but either way the company is looking at another haircut to its valuation. One source tells us that Microsoft, which participated in… Read More
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More Fodder For Dell-EMC Deal As Pivotal Buys UK-Based CloudCredo
The Dell-EMC deal has had so many moving pieces since it was announced in October, it’s hard to tell the players without a score card. This morning, Pivotal, which is jointly owned by EMC and VMware (and General Electric) announced it was buying CloudCredo, a Cloud Foundry service provider based in the UK. The deal also includes stayUp, a log analysis company partly owned by… Read More
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