SpoonRocket, the on-demand food delivery startup that shut down yesterday in the U.S., has a buyer. That buyer is Brazil-based iFood, a food delivery platform looking to dominate the on-demand economy in Latin America, as well as other emerging economies. Terms of the deal were not disclosed. Read More
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Prenetics, a Hong Kong-based medical technology company, has raised a $10 million Series A round for its DNA testing technology that helps doctors provide more accurate diagnoses and better understand their patients. Read More
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InstaRem, an international remittance payments startup headquartered in Singapore, has raised $5 million in a round led by Vertex Ventures. Read More
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SpoonRocket has just informed its investors it’s shutting down its on-demand pre-made meal delivery service, after failing to raise the necessary capital to go on, according to a source familiar with the letter to investors. [Update: Co-founder Steven Hsiao has just confirmed SpoonRocket’s shut down to me.] The company had actually reached contribution margin positive — it… Read More
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Payoneer helps businesses and B2B marketplaces move money across borders. It’s one of the biggest companies in this space and its customers include the likes of Amazon, Fiverr, Airbnb, Upwork, and Taboola. Today, the company announced that it has acquired Armor Payments, a digital escrow-as-a-service solution that aims to make B2B payments more secure. There is an obvious synergy… Read More
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In a case of one news reader app helping another, Japan’s Gunosy has invested $5 million in Indonesia-based Kurio. Read More
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Skyport Systems helps enterprises keep their data and applications secure by allowing them to host their services in a hardened appliance with embedded security features. The company today announced that it has raised a $30 million Series C round led by GV (the firm previously known as Google Ventures). Cisco Ventures, Thomvest Ventures, Northgate Capital and InstantScale also participated… Read More
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Crate, the winner of our TechCrunch Disrupt Europe startup Battlefield in 2014, today announced that it has raised a $4 million seed round for its open-source SQL database technology. The round was led by London-based Dawn Capital, which was joined by existing investors Sunstone Capital, DFJ Esprit and Speedinvest. In addition to these, Docker creator and CTO Solomon Hykes also participated… Read More
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This time the Berlin-based company builder (to use the preferred terminology) is investing and betting on the underlying regulatory and financial technology infrastructure — the picks ‘n’ shovels, if you will — in the form of solarisBank, a fully-licensed digital bank designed to power an array of fintech services. Read More
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Alooma, an Israeli startup that helps companies process and work with big data in real time delivered as a cloud service, announced an $11.2 million Series A round today led by Lightspeed Venture Partners and Sequoia Capital. The product focuses on the people working with data like data scientists and and users with advanced degrees in mathematics and machine learning, rather than… Read More
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