Startups
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Angry Birds-maker Rovio priced IPO, valuing company at $1 billion
Angry Birds-maker Rovio Entertainment priced its IPO at 11.50 euros, at the top of its proposed range. It raises 30 million euros in proceeds.
This values the company a little above $1 billion, just half of the $2 billion the company was previously said to be hoping for. The company previously raised at least $42 million in venture funding from Accel, Atomico, Felicis Ventures and… Read More
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Eden raises $10 million Series A to build out its office management marketplace
Eden, the office management and tech support platform, has today closed $10 million in Series A funding led by Spectrum 28, with participation from Fifth Wall Ventures, Bessemer Venture Partners, Y Combinator Continuity Fund, Canvas Ventures, Comcast Ventures, Eniac Ventures and other existing investors. Eden started out as a tech support service for both businesses and consumers. The… Read More
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Legion raises $10.5M to roll out an automated employee scheduling tool
There’s a lot of talk about employees wanting much more flexible work schedules, and a lot of that is thanks to the emergence of companies like Lyft and Uber that allow people to work on their own schedules. But that ability still doesn’t exist for the rest of the world, especially when it comes to hourly jobs with rigid schedules. But that doesn’t mean that employees… Read More
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Antidilution: the other way VCs take more of your startup’s equity
Startup funding may seem like a cut-and-dry affair. Money goes into a startup in exchange for shares in the startup. Easy enough, right?
Not so much. There are plenty of complex terms, clauses, provisions and other conditions written into investment agreements. So in this series, we’re exploring how some of the most common funding terms affect the fundraising process. Read More
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Managed By Q, the office management system, acquires Hivy
Managed by Q, the platform that helps office managers handle day-to-day operations, has made its first acquisition, picking up Y Combinator graduates Hivy for an undisclosed amount.
Managed By Q lets office managers book cleanings, handy work, IT help, and order office supplies thanks to a partnership with Staples. MBQ has raised upwards of $72 million and now serves New York, Chicago, San… Read More
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ProsperWorks raises $53M for its G Suite-centric CRM service
ProsperWorks, a service that offers a set of Google-centric CRM tools, today announced that it has raised a $53 million Series C round led by Norwest Venture Partners, with participation from GV (the fund you probably still remember as Google Ventures). This new round brings the company’s total funding to $87 million, which, in ProsperWorks’ own words, makes t the “#1 funded… Read More
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Lively raises $4.2M as it adds investment capabilities for health savings accounts
Lively co-founder Shobin Uralil likes to describe the health savings account as the “401(k) for healthcare” — but that it’s woefully underused as an investment vehicle like a 401(k). So instead of just relying on it as a way to pay for healthcare, Uralil and his co-founder Alex Cyriac set out to build a way to not only help people start up health savings accounts, but… Read More
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Transit raises another $5M from Accel to become a hub for public transportation
Transit started off as a slick app that helped you get in a complex metro area with public transportation, but now co-founder Jake Sion has higher ambitions than that: being the go-to spot for getting from point A to point B, regardless of method. WIth bike-sharing, ridesharing, carsharing, and plenty of other methods of transportation that you can plant “sharing-” at the front,… Read More
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Package delivery startup Doorman is shutting down
Doorman, a startup delivering packages when you schedule them will be no more after October 6th, 2017.
The startup sent a letter over the weekend letting customers know it would no longer be in business in two weeks, saying it was “joining forces with a larger team.”
We’re not sure if this joining of forces means Doorman has been acquired or if it’s some other structure. Read More
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Zuck and Bezos back seed stage scout fund Village Global
Product Hunt’s first employee Erik Torenberg is ready to fund fresh new startups, not just reveal them to the world. Today is the soft launch of Village Global, a seed and pre-seed early stage venture capital fund looking to connect entrepreneurs to cash as well as all-star mentors. Facebook’s Mark Zuckerberg, Amazon’s Jeff Bezos, LinkedIn’s Reid Hoffman,… Read More
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