Fundings & Exits
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Glamsquad Raises $7 Million For On-Demand Hair Styling And Beauty Services
New York-based Glamsquad, an on-demand beauty business now headed by Gilt Groupe co-founder Alexandra Wilkis Wilson who joined earlier this year as co-founder and CEO, has now raised $7 million in Series A funding in a round led by SoftBank Capital. The company launched in January of this year in New York, and is now one of several services that bring professional hair stylists and makeup… Read More
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Travel Search Company Skyscanner Acquires Budapest-Based Mobile App Developer Distinction
Skyscanner, the travel search company headquartered in Edinburgh, Scotland (and a veteran of the space), is consolidating its mobile strategy today with the acquisition of Budapest-based app developer Distinction. Mobile Marketing Company Fiksu Takes On $10M In Debt Funding From Silicon Valley Bank
Mobile marketing and ad tech company Fiksu announced this morning $10 million in debt funding from Silicon Valley Bank, after a year which saw it hiring 100 new employees, bringing its total headcount to 300, and seeing revenues of over $100 million. The company today claims it has 800 customers, including big-name brands like Coca-Cola, Disney, Topps, Dunkin’ Donuts and Groupon using… Read More
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Snowflake Computing Emerges From Stealth With $26M In Funding To Modernize The Data Warehouse
Snowflake Computing came out of stealth today and announced $26M in Series B funding. They hope to modernize the data warehouse by creating a cloud-based system that can process both structured and semi-structured data in a single system, giving their customers what they believe to be the best of both worlds.
The funding is led by Redpoint Ventures along with Sutter Hill Ventures and Wing… Read More
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Magic Leap Secures $542M Led By Google For “Lightweight Wearable” Tech That Merges Physical And Digital Worlds
It’s rare that a company can stay relatively secretive while raising a huge amount of funding, but Florida’s Magic Leap has managed that. The startup, led by CEO Rony Abovitz, announced today the close of its $542 million Series B, featuring investors led by Google, Inc., and including KPCB, Andreessen Horowitz, Obvious Ventures, Qualcomm and Legendary Entertainment.
The list of… Read More
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Singapore’s Infocomm Investments Brings Fund To Europe, Invests In Startupbootcamp FinTech
Aiming to build a bridge between East and West — specifically, Singapore and London — the Singaporean state-funded VC Infocomm Investments is extending its $200 million fund to European tech startups, including investing in the London-based fintech accelerator run by Startupbootcamp. Read More
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Virtual Fitting Room Startup Metail Raises Further $12M — Shunning UK VC Money Along The Way
“To be brutally honest, I’m not enamored with the UK VC scene and don’t rate it very much if at all from a technology business success perspective,” says Tom Adeyoola, co-founder and CEO of Metail. “The big UK tech business successes weren’t founded on VC money.”
His company, which offers virtual fitting room tech to major clothes retailers so that… Read More
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Playlists.net Acquired By Warner Music Group
In early July we reported exclusively that Spotify community and playlist sharing site Playlists.net was in acquisition talks, with one suitor — a prominent music industry company — in the lead. Well, today comes official confirmation that the UK startup has indeed been acquired by WEA, the artist and label services company owned by major record label Warner Music Group. Terms of… Read More
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Osmo Raises $12 Million For Its Hardware-Based iPad Game For Kids
Osmo, the iPad-powered gaming device built by former Googlers (and dads) as a way to turn tablets into more “hands-on” toys, has raised $12 million in Series A funding, the company is announcing today. The round was led by Accel Partners’ Rich Wong, and includes investment from Upfront Ventures and K9 Ventures. The company is also announcing that its products, which are… Read More
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Wi-Fi Sharing Community Instabridge Wants To Become Your Phone’s Default WiFi Manager
Instabridge, an Android app that wants to replace your phone’s default Wi-Fi manager and give you access to a crowdsourced database of Wi-Fi hotspots, has bagged a $1 million seed round. Funding is being led by European VC Creandum, with participation from GP Bullhound, and a number of angel investors, including Niall Murphy (former CTO of TheCloud), Scott Bannister and Felix Hagnö… Read More
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