Month: February 2016

 Lulu, the once controversial mobile app that lets women anonymously review and rate men (something the startup calls ‘dating intelligence’), has been acquired by London-based dating platform Badoo. Read More

from TechCrunch

 ThinkingPhones, a Cambridge, Massachusetts, cloud service that offers messaging, phone service and video streaming, announced $100 million investment round today. While it was at it, the10-year old company also announced it was changing its name to Fuze, which happens to be the name of the cloud video company it purchased last fall. The round was led by Summit Partners with help from… Read More

from TechCrunch

 UK cyber security startup Digital Shadows, which sells a SaaS service to businesses wanting to monitor and manage potential risks by keeping tabs on activity related to their digital footprint — has closed a $14 million Series B funding round, led by Trinity Ventures. As part of the investment, Trinity’s Fred Wang has joined the Digital Shadows board. Read More

from TechCrunch

 Power Supply, one of the growing number of food delivery services, today announced that it has raised a $5 million seed round led by Upfront Ventures. Other investors include Hanson Li (Saison, Locol) , former Blackboard CEO Michael Chasen, heath expert Mark Sisson, former Fresh Direct CMO Drew Koven, Alan Bankier and The Motley Fool. The company says it will use the new fund to expand… Read More

from TechCrunch

 Localglobe, the new VC fund from father and son duo Robin and Saul Klein, has led a £1.1 million investment in online mortgage advisor Trussle. Others joining the round include notable U.K.-based investors Ed Wray, co-founder of Betfair, Dan Cobley, ex-Google U.K. MD, and Ian Hogarth, co-founder and chairman of Songkick. Read More

from TechCrunch

 British startup Revolut just closed its seed round. After announcing having raised $2.3 million this Summer, the company has added a couple of new investors. In total, the company has raised $4.8 million (£3.2 million) from Index Ventures, Balderton Capital, Seedcamp and Point Nine, Venrex and business angels. Read More

from TechCrunch

 The great takeout shakeout continues apace. Since going public in 2014, Rocket Internet has been trying to simplify and reorganize the tangle of e-commerce startups funded and grown by the Berlin-based incubator to make the main business more profitable. Today comes the latest move on that front. Rocket Internet is selling food takeaway operations in Spain, Italy, Brazil and Mexico to… Read More

from TechCrunch

 CustomInk, a leading player in the online custom appeal space, has announced it is acquiring Represent, a Los Angeles-based social commerce startup.
Sources close to the acquisition tell us the price tag was approaching $100 million, with it being a cash and stock deal.
Founded in 2014, Represent is similar to CustomInk in that it lets anyone create and sell apparel and accessories with no… Read More

from TechCrunch

 Foursquare is not a consumer social app business, it’s a data company. And only when it admitted that to itself and revalued as such was it able to pull in more capital and keep chugging. Today at LA’s Upfront Summit, Foursquare’s lead investor from Union Square Ventures Fred Wilson stuck up for the startup while trying to make people understand how it’s… Read More

from TechCrunch

 Sonatype, a company that helps customers create automated, policy-driven software component security, announced a $30 million round today led by Goldman Sachs. The investment was a mix of debt and equity financing and was handled by Goldman’s Principal Strategic Investments Group, rather than Goldman’s venture capital arm, Sonatype CEO Wayne Jackson explained. Although this… Read More

from TechCrunch