Nucleus, the home intercom system which started shipping in August, has closed $5.6M in Series A Funding. The round was led by Amazon’s Alexa fund, which invests in promising startups that incorporate Alexa’s technology into their product (Nucleus recently added support for Alexa voice functionality). BoxGroup, Greylock Partners, FF Angel, Foxconn, and SV Angel also participated,… Read More
from TechCrunch
“We’re not a bunch of startup dudes saying we’re disrupting insurance… we’re not a bunch of arrogant pricks,” FinanceFox co-founder and CEO Julian Teicke told me during a call late last week. The company, which is announcing $28 million in Series A funding today, is one of a number of European ‘insurtech’ startups who are attempting to bring… Read More
from TechCrunch
While it’s easy to point to products like the Pebble Smart Watch as a sign that crowdfunding sites like Kickstarter are gaining ground against traditional institutional financiers and angels, the reality is that the vast majority of projects were never in the sights of Sand Hill Road. Rather, Kickstarter is illustrating that all it takes to sustain innovation outside of Silicon Valley… Read More
from TechCrunch
It looks like Google, which yesterday acquired API.ai, a company that helps developers build conversational interfaces, isn’t the only major tech company hoovering up chat bot talent. TechCrunch understands that Angel.ai (formerly known as GoButler) has, at least partially, been acqui-hired by Amazon. Read More
from TechCrunch
Progressly, a new platform for supporting growth within large enterprises, just got a big boost in both money and staffing. Ruslan Belkin, a former top exec from Twitter and Linkedin will be joining the roughly two year old company. With the spotlight drawn, Progressly is taking the opportunity to formally announce a $6 million Series A, led by 8VC, as part of its official coming out… Read More
from TechCrunch
Gunning to become the top seller of used cars online, Vroom Inc. has raised $50 million in a Series E round of equity funding, bringing its total capital raised to $218 million to-date.
The market for used cars in the U.S. alone surpasses $400 billion annually. According to the Edmunds.com Used Vehicle Market Report retailers sold 38.3 million used cars in 2015 at an average price of… Read More
from TechCrunch
When we last saw Robo Wunderkind, the company was on stage as part of the Startup Battlefield competition at Disrupt SF 2015. This week it is announcing that it has closed an additional $500,000 in funding. The round was led by Arkley VC, angel investor Juergen Habichler and the Austrian Federal Promotional Bank (AWS) also participated. Read More
from TechCrunch
French food delivery startup FoodChéri, which operates an online only restaurant along the lines of EatFirst in the UK or Munchery’s original model in the US, has raised €6 million in Series A funding led by 360 Capital Partners, and Breega Capital. Read More
from TechCrunch
Grab, the largest company rivaling Uber in Southeast Asia, has confirmed that it has raised $750 million in fresh capital. This is the company’s Series F round, and it was led by existing investor SoftBank with participation from undisclosed existing and new backers, Grab said. Read More
from TechCrunch
Facebook has acquired Nascent Objects, a small California startup founded in 2014 that focus on creating a modular electronics system that consumers could use to build their gadgets, using reconfigurable components including batteries, camera, sensors and more. The startup worked with design firm Ammunition (also responsible for the design of Beats products pre-Apple acquisition) to create… Read More
from TechCrunch