Fundings & Exits
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Fitness Wearable Developer Lemonade Lab Scores $5.8M From Foxconn Unit
Lemonade Lab, which develops sensors for athletes, has scored $5.8 million led by a Foxconn subsidiary. The Boston- and Tokyo-based startup will form a strategic partnership with FIH Mobile, which provides manufacturing services for mobile device makers. This is the latest in a string of hardware investments made by Foxconn, whose manufacturing clients include Apple, Microsoft and Acer, or… Read More
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Snobswap Raises A Million To Bring Brick-And-Mortar Consignment Shops Online
A startup working to bring offline brick-and-mortar consignment shops into the e-commerce age, Snobswap, has raised over a million dollars in seed funding to expand what it describes as its “luxury online mall.” While today, these mom-and-pop shops would have to set up their own online stores using a platform like Shopify, for example, or perhaps market their items via social… Read More
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SavingGlobal Raises Further €20M To Crack Open The European Savings Deposit Market
SavingGlobal launched in early 2014 to enable German savers to access the best fixed deposit rates in Europe, not just from banks in their home country. However, the plan was always to offer the same service to anyone in Europe, thereby creating a true single European market for the savings deposit market. Read More
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Storage Vendor Tintri Lands $125M Round With Eye Toward IPO
Tintri, a company that develops storage solutions for virtual applications, announced a $125 million round today.
The company also indicated the next logical step is probably going to be an IPO in the first half of 2016 if market conditions are right.
The round was led by Silver Lake Kraftwerk. Existing investors Insight Venture Partners, Lightspeed Ventures, Menlo Ventures and NEA also… Read More
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Graava Is A $249 Action Camera That Edits Highlight Videos For You
Your GoPro is great until you have to edit all those hours of footage to find the cool moments. Graava does that automatically. Starting pre-orders today for $249 (eventually $399), the Graava action camera uses motion, audio, accelerometer and GPS sensors plus voice cues to detect the highlights of your footage. Choose how long you want your highlight reel to be, Graava’s app edits… Read More
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Workfront Raises $33M For Its Enterprise Work Management Service
Work management solution Workfront (previously known as AtTask) today announced that it has raised a $33 million Series E funding round led by growth equity firm JMI Equity, which also previously led the company’s $38 million Series D round last year. Greenspring Global Partners and Atlas Peak also participated in this round. The company has now raised a total of $95 million.… Read More
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Chat App Line Invests In Mobile Games With New $20M Joint Venture
With revenue dropping this past quarter following a slump, Japan-based messaging firm Line is going back to what it knows best with a new $20 million joint venture to create mobile games. The company, which is owned by Korean Internet giant Naver, has partnered with Korean game development firm LongTu to create Hong Kong-based Lantu Games. The 50-50 venture (each side is putting in $10… Read More
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Microsoft Acquires Sales Contest Platform FantasySalesTeam, Will Integrate Into Dynamics CRM
Microsoft announced this morning the acquisition of Austin, Texas-based Incent Games, the makers of a “sales gamification” platform called FantasySalesTeam. As the name implies, the company’s software allows sales organizations to run contests that are similar to those found in fantasy sports. Microsoft says today it will make this feature available to its own customers in… Read More
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Mobile Marketing And Analytics Startup WizRocket Lands $8M From Sequoia And Accel
WizRocket, which helps companies increase user engagement by fine-tuning mobile, web, and e-mail notifications, has raised $8 million in new funding from Sequoia Capital and returning investor Accel Partners.
The Palo Alto-based startup will use its fresh capital to launch an API for developers and a new engagement platform. Along with a previous seed round from Accel, this brings… Read More
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Caller ID App Truecaller Is Raising $100M At A $1B Valuation
Communications apps that strike a chord with users across different markets are hot property these days, and it looks like another one of them may soon enter the so-called unicorn club. TechCrunch has learned that Truecaller — a caller ID app that now has 150 million users — is looking to raise around $100 million at a $1 billion valuation. We’re hearing that Truecaller… Read More
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