Fundings & Exits
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In Big Media Push, Verizon Buys AOL For $4.4B [Memo From AOL CEO Tim Armstrong]
So this just happened. AOL, owner of TechCrunch, is getting acquired: U.S. carrier Verizon said in a statement that it is buying the company for $4.4 billion, or $50 per share. We’ve just been sent an internal memo about the deal that we are embedding below. Shervin Pishevar and Scott Stanford’s SherpaVentures Is Raising $175M For A Second Fund
SherpaVentures, the venture fund run by Shervin Pishevar and Scott Stanford, is raising a new $175 million fund, according to a filing with the SEC. This is the second fund from SherpaVentures for investing in startups at the Series A or Series B stage, and it is just a bit more than the $150 million it raised in Fund I. In addition to these main funds, Pishevar and Stanford have a $250… Read More
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U.K. Mattress Startup Eve Picks Up Backing From Octopus Investments
What is it about e-commerce mattress startups of late? In the U.S., Casper made headlines last year after raising $13.1 million in Series A funding led by New Enterprise Associates. The company wants to “reinvent the way mattresses are made and sold” by selling its own high quality brand directly online, thereby cutting out the commission-based middle person inherent in the… Read More
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500 Startups Accelerator Announces Its Thirteenth Batch Of Companies
With their twelfth batch of companies set to demo to investors and the press next week, 500 Startups is announcing the thirteenth batch of companies to go through its accelerator. Zero-Fee Stock Trading App Robinhood Nabs $50M From NEA To Go Global
In case you thought paying $7 to $10 to trade a stock in the US was bad, it costs $65 in Australia. So now that its zero-fee stock trading app is thriving stateside with hundreds of thousands of users, Robinhood is planning to go international, starting in Australia. A $50 million Series B cash infusion from NEA will fuel that expansion, as well as hiring and development of… Read More
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Chartbeat Raises $15.5 Million To Save Publishers From The “Viewpocalypse”
ChartBeat today said it raised $15.5 million in its latest round of funding — and that money is going toward helping publishers improve their advertising businesses. Recently the Interactive Advertising Bureau called for ads to be considered “viewable” if 50% of the ad is shown for at least one second — a new standard that has caused many sites to lose inventory,… Read More
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CEO Kevin Gibbon Says Shyp Still Isn’t An On-Demand Company
Shyp still isn’t explicitly an on-demand service, according to company CEO Kevin Gibbon.
Despite having a service that allows users to summon someone who will ship something for them, Gibbon still said onstage at TechCrunch Disrupt NY the company is still more comparable to FedEx and UPS, rather than on-demand companies like Postmates or Sprig. Read More
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Zenefits Just Raised $500 Million At A $4.5 Billion Valuation
Zenefits today said it has raised $500 million in a round led by Fidelity and TPG at a whopping $4.5 billion valuation. The company, which allows small- and medium-sized businesses to manage human resources services in a much simpler fashion, is one of the fastest-growing SaaS businesses ever, and in an interview, Zenefits CEO Parker Conrad said the big round was raised to keep the company… Read More
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Is Your Marijuana Growing / Testing / Delivery / Vaporizer Startup Idea Genius Or Half-Baked?
Everyone seems to have a marijuana startup idea. Snoop Dogg even raised a venture fund to invest in them. But would you believe it? Coming up with business plans while you’re high is not a fool-proof way to get rich!
According to two experts, many of the opportunities are so crowded with competitors that you’d first have to invent a time machine and go back three years. Read More
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Learn To Code Startup Kano Gets $15M To Build A Creative Computing Brand
London-based startup Kano, which makes a software platform and DIY computer kit built atop the Raspberry Pi to encourage kids to learn coding, has a new building block of its own to announce today: $15 million in Series A funding, led by Jim Breyer of Silicon Valley VC firm Breyer Capital. Read More
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