Storehouse, an aesthetically pleasing and exceedingly well-designed mobile app for sharing multimedia stories, announced today that it will be sunsetting services for its users on July 15. Furthermore, CEO Mark Kawano tells me that the entire team at the app, currently four employees, will be moving to Square.
Kawano was hush hush on specifics regarding the move to Square or whether the… Read More
from TechCrunch
Huge news today in the world of M&A in enterprise and social networking services: Microsoft has announced that it is acquiring LinkedIn, the social network for professionals with some 433 million users, for $26.2 billion, or $196 per share, in cash. The transaction has already been approved by both boards, but it must still get regulatory and other approvals. If for some reason the deal… Read More
from TechCrunch
On a day with a couple of huge deals being announced, we have a much more modest one. OneLogin announced it was buying Portadi, a San Jose startup that launched at the beginning of 2015, for an undisclosed amount of money. In a market with better-financed competitors with billion dollar valuations like Okta, OneLogin is working hard to improve its offering and Portadi helps bring a level… Read More
from TechCrunch
Carro, a Singapore-based online marketplace for buying and selling cars, has landed $5.3 million to expand its service across Southeast Asia. Read More
from TechCrunch
The market for augmented and virtual reality technology continues to heat up, and now one of the more promising startups making both AR hardware and software has raised a $50 million round to keep up the pace. Meta, which makes a headset/glasses that are part-AR viewer, and part-VR simulator, has raised $50 million in a Series B round of funding — money that the company plans to use… Read More
from TechCrunch
TechCrunch understands from a source close to the transaction that FinLeap’s latest round gives the company a post-money valuation of €121 million (based on a €100 million pre-money valuation). Read More
from TechCrunch
Can’t beat ’em, join ’em. That appears to be the motto of China Life, Asia Pacific highest valued insurance firm, after it backed Chinese taxi app Didi Chuxing barely months after investing in its fierce rival Uber China. Read More
from TechCrunch
When I walked into a conference room last Tuesday at the Cloud Identity Summit in New Orleans to interview Ping Identity CEO Andre Durand, it was my first chat with him since the company had been sold the week before for $600 million (as reported by The Information), a tidy exit for the 14 year old company.
I had questions, lots of questions. After all, in conversations with Durand and CFO… Read More
from TechCrunch
In March, we told you that Andreessen Horowitz was targeting $1.5 billion for its fifth and newest fund. This morning, the seven-year-old Sand Hill Road firm is confirming that it has closed on that amount, having secured the capital commitments from its previous investors. The announcement comes a little more than two years after the firm closed its fourth, multi-stage venture capital fund… Read More
from TechCrunch
Sometimes entrepreneurship is about starting battles and other times it’s about finishing them. Jared Kim has been on a mission to cut the frustration out of sharing gameplay with friends since he was 19. Forge, his second play in the space, closed a $4.5 million Series A yesterday led by True Ventures. This round matches a $4.5 million seed his company received back in March. Read More
from TechCrunch