Fundings & Exits
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Wait, Did Facebook Just Build A Kickstarter Competitor?
Facebook’s on a quest to absorb the Internet, and now it looks like it could invade crowdfunding. Today the company released a new Fundraiser product that allows nonprofits to set up a campaign page, show off a video explaining their goal, collect cash, and let people share News Feed posts with buttons so their friends can instantly contribute without clicking to a new page. As is… Read More
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APX Labs Grabs $13 Million For Enterprise Smart Glasses Platform
APX Labs, makers of the Skylight smart glasses development platform, announced a $13 million investment today. The round was led by NEA, but there were several others parties involved including CNF Investments, GE Ventures, Salesforce Ventures, SineWave Ventures, and other unnamed investors. Today’s round brings the total raised to $29 million. While the company was happy about the… Read More
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Oak Labs, With $4.1M In Seed, Launches A Smart Fitting Room Mirror
Though the world of fashion is trying desperately to catch up to the digital age, retail is still fundamentally unchanged. Oak Labs is looking to shake things up with a smart mirror to be placed in the fitting room of clothing stores and boutiques.
The company just raised $4.1 million in seed funding led by Wing Venture Capital, and is piloting the software with Ralph Lauren in its Polo NYC… Read More
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To Go After Local Neighborhood News And Marketplaces, Hoodline Raises $1.6M
One of the most sought-after, but never quite dominated, frontiers in online media and marketplaces has been centered on local communities. Hoodline, a San Francisco-based startup, is trying to tackle this with a unique focus on news about neighborhood retail corridors. The startup has built up a network of news on about two-dozen neighborhoods across San Francisco as a sort of Trojan horse into… Read More
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How Early Exit Disease Stunts The Growth Of Midwest Startup Communities
There is an unnamed epidemic slowly traveling through the middle of the U.S. This epidemic goes by many names, but our venture fund refers to it as “early exit disease.” This disease spreads when founders realize sub-$20 million exits. Many of these exits could have grown much larger. Instead, early exits have been quietly devastating the Midwest region’s startup… Read More
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Varsity Tutors Raises $50 Million In Series B
Varsity Tutors, the platform that connects elite tutors with students, has just closed a $50 million Series B funding round led by Technology Crossover Ventures and Adam Levine, frontman for Maroon 5 and judge on The Voice, as well as education executive Stuart Udell. Varsity Tutors is based out of St. Louis and looks to pair students with the most brilliant tutors available — folks… Read More
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PeerSpace Raises $5 Million Series A, Expands To New York City
PeerSpace, a short-term meeting space reservations marketplace, has announced a $5 million Series A round of financing led by Foundation Capital to propel growth. Existing investor Structure Capital also participated in the round.
The startup is a bit like Airbnb but for empty meeting spaces. The idea is to utilize creative spaces in the cities the platform operates instead of the same old… Read More
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Hullabalu Raises $2.5 Million For Its Interactive Storytelling App For Kids
The iPad helped introduce the concept of interactive books, where stories are accompanied by games and other tappable animations to complement their tales. But a company called Hullabalu offers a twist. Instead of digital stories with interactive bits, kids advance the story’s progress by interacting with the world and playing with the characters. Now the company has raised an… Read More
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Microsoft Goes For Another Israeli Security Firm Buying Secure Islands
Israel is a small country with a thriving security startup industry, and Microsoft appears to be have a taste for them. Today it announced an agreement to buy Secure Islands, its third Israeli security firm in the last year. While Microsoft did not reveal a specific price, various reports peg the deal at between $77 million and $150 million. Microsoft made the announcement official in a… Read More
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Google Acquires Fly Labs To Join Its Google Photos Team
Today, Google acquired Fly Labs to join its Google Photos team. The company aimed to help people edit videos and photos and it sported 3 million downloads over the past 18 months. Their suite of apps (Tempo, Fly and Crop) will be made available for the next three months. You’ll still be able to use them, but there will be no more updates. We’re excited to announce that we’ve… Read More
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