Fundings & Exits
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Keith Rabois Leads $1.5 Million Round For “Even,” An Interest-Free, Mobile Alternative To Payday Loans
A startup whose first product is a mobile money management application called Even, designed to offer low-income workers interest-free credit to help them make ends meet in between paychecks, has raised $1.5 million in a seed round led by Keith Rabois of Khosla Ventures, with participation from other investors. The service is meant to offer hourly, and generally part-time workers an… Read More
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Apploi, A Job Hunting App, Raises Over $7 Million In Series A
Applying to jobs seems easy: you roll into a shop, fill out an application, and wait for a call. But aside from nicer handwriting, how do you stand out from the crowd of applicants? You use Apploi. Apploi’s CEO, Adam Lewis, launched the company to allow service industry workers put their best foot forward in job interviews. Designed as a sort of central system for applications as well as… Read More
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Grocery Delivery Startup Instacart Raises $210 Million More
Grocery delivery startup Instacart has raised an additional $210 million, according to an SEC filing on Monday. The filing confirms a Series C funding round reported earlier this month, which values the company at more than $2 billion. Social Cloud Storage Platform Hive.im Raises $500,000 In Seed Funding
The cloud storage business is already crowded, with leading competitors including Dropbox, Google Drive, iCloud, Box, and OneDrive. Hive.im, which just came out of beta, is one of the latest entrants in the space, but it hopes to stand out by turning cloud storage into a social experience. Read More
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Here’s How Microsoft Described Its Newfangled Product Called “Windows” When It Went Public
Microsoft shipped the first version of Windows on November 20, 1985. The company went public on March 13, 1986. That means that Microsoft pulled the trigger on its IPO mere months after Windows was first launched into the market. Until today I didn’t know that the two events occurred so close together. Given that I was roughly negative 3 or 4 at the time, I’ve decided to… Read More
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Restaurant Discovery Service Zomato Acquires Italy’s Cibando
Zomato, the restaurant search and discovery service backed by Vy Capital, Info Edge, and Sequoia Capital, continues to be on an acquisition spree as a means to accelerate its international expansion. Open Garden Raises $10.8M Series A Round To Double Down On Its Off-Grid FireChat Messenger
Open Garden, the company behind the popular FireChat messaging app, today announced its $10.8 million Series A funding round led by August Capital. Other investors include Firebolt Ventures, Future Perfect Ventures, Kima Ventures, Tseung Kwan Ventures and Sherpalo. Including this round, Open Garden has now raised $12.8 million. The company recently found its footing with the launch of… Read More
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Inbox Messenger Raises $3.9 Million For Its Design-Focused Private Messaging App
A mobile messaging application called Inbox Messenger, which combines user privacy features with a minimalist design, has raised $3.9 million in seed funding, the company announced today. The investment, though higher than the average seed round, comes from a group of unnamed angel investors and is designed to help the company grow its engineering and product teams, expand its customer… Read More
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Snapchat Plans Music Feature, Acquired QR Scan.me For $50M And Vergence Eyeglass Cam For $15M,
Leaked emails from the Sony Pictures hack have uncovered several acquisitions made by Snapchat, as well as plans for a music feature and meetings to discuss partnerships with Twitter. According to emails between Snapchat, Sony Entertainment CEO Michael Lynton, and Snapchat board member Mitch Lasky, Snapchat bought a QR scanning and iBeacon startup called Scan.me for $14 million in cash, $3… Read More
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Mattermark, the business intelligence site that pivoted out of YC-backed curation site Referly, is today announcing that it has raised a round of $6.5 million, funding that the startup will use the funding to build out its ambition to be a “B2B Google.”