Datto, the company that acts as a backup and disaster recovery service for small to medium sized businesses (SMBs), announced today that it has raised $75 million in a Series B investment. The round was led by Technology Crossover Ventures (TCV) and brings the total investment across two rounds for the eight-year old company to just over $100 million. Ted Coons, a general partner at TCV said… Read More
from TechCrunch
There is an unnamed epidemic slowly traveling through the middle of the U.S. This epidemic goes by many names, but our venture fund refers to it as “early exit disease.” This disease spreads when founders realize sub-$20 million exits. Many of these exits could have grown much larger. Instead, early exits have been quietly devastating the Midwest region’s startup… Read More
from TechCrunch
That was fast: just as soon as it was reported that Pandora was in talks to buy Rdio, the two sides have confirmed that an acquisition is indeed taking place. Pandora has acquired “key assets” from Rdio for $75 million in cash, the company has just announced. But as part of it, the Rdio service as we know it is tanking: the streaming service is filing for bankruptcy.… Read More
from TechCrunch
Ample Hills Creamery, a Brooklyn-based chain of ice cream shops that has become renowned for its unusual and decadent creations, has raised $4 million in funding from Brooklyn Bridge Ventures, Lerer Hippeau Ventures, Red Sea Ventures, and individual investors, including Brooklyn Brewer co-founder Tom Potter, who led a CircleUp syndicate that joined the round. Read More
from TechCrunch
LoveCrafts, the crafting community, marketplace and e-commerce startup, has knitted together a $20 million Series B round. The funding is being led by Highland Europe, with participation from existing investor Balderton Capital. Read More
from TechCrunch
CashKaro, which claims to be India’s largest cashback and coupon site, is planning to expand into new countries after raising a $3.8 million Series A from Kalaari Capital. Founded in 2013 by husband-and-wife team Swati and Rohan Bhargava, CashKaro works with more than 1,000 e-commerce sites and makes money through their affiliate programs. Swati Bhargava told TechCrunch that… Read More
from TechCrunch
Varsity Tutors, the platform that connects elite tutors with students, has just closed a $50 million Series B funding round led by Technology Crossover Ventures and Adam Levine, frontman for Maroon 5 and judge on The Voice, as well as education executive Stuart Udell. Varsity Tutors is based out of St. Louis and looks to pair students with the most brilliant tutors available — folks… Read More
from TechCrunch
GetYourGuide, which plays in the global travel space with a desktop and mobile platform for finding and booking holiday activities, has announced it’s closed a $50 million Series C round, led by New York-based global investment firm KKR. Read More
from TechCrunch
Eight years ago, Aaron Batalion and three friends created a Facebook app called “Hungry Machine.” It was pretty successful…so successful that it turned into LivingSocial, which was one of the first startups to raise a “magical” billion dollars. I refuse to use the creature’s name to describe this “club.” Along with cofounding the company,… Read More
from TechCrunch
Eyefi, the makers of cloud-connected mobile SD cards for photographers, has today announced the acquisition of OkDoThis. The terms of the deal were not disclosed. OkDoThis is an app that launched back in the summer of 2014 that was meant to inspire photographers to take creative pictures through challenges. The challenges on the platform are posted by the community, and could sound… Read More
from TechCrunch