Las Vegas-based data center operator, Switch, went public on the New York Stock Exchange today, under the ticker “SWCH.”
After pricing its IPO above the proposed range at $17, the company closed at $20.73, up almost 22%. The company raised $531 million in its offering.
Here’s how Switch describes itself in its filing: “We believe we are a pioneer in the design… Read More
from TechCrunch
“We’re actually out here trying to create value, not just give venture capital money away” says Flexport CEO Ryan Petersen. “It’s counterintuitive. The more the business works, the more cash it needs.” That’s because Flexport doesn’t ship bits, it ships atoms. Lots of them. Flexport is a freight forwarding logistics network. If you produce a… Read More
from TechCrunch
Nobody likes corporate trainings. Nobody. In fact one of life’s puzzles that eludes me most is how a person could enjoy corporate trainings enough to spend their time designing and running them. Perhaps only with distain for the status quo can a startup create something that people not only don’t hate, but find helpful. The idea for Butterfly, founded by David Mendlewicz, Simon… Read More
from TechCrunch
The Honest Company, the five-year-old natural body and home care products company co-founded by the actress Jessica Alba, looks to be raising $75 million in new venture capital funding at $19.60 per share, according to a Delaware filing first spied by CBInsights and reported by Axios. The amount is a far cry from the $45.75 per share price point of the company’s $100 million Series… Read More
from TechCrunch
Moneyfarm, the U.K.-headquartered “digital wealth manager” has acquired the technology behind personal finance chatbot Ernest. Terms of the deal aren’t being disclosed, though I understand that, along with the tech, this is an acqui-hire of sorts, seeing London-based Ernest’s CTO Lorenzo Sicilia join Moneyfarm to oversee technology integration. Read More
from TechCrunch
Gobble, a 15-minute meal kit delivery service, has raised $15 million in Series B growth financing from Khosla Ventures, TechCrunch has confirmed. Khosla Ventures led the round, along with participation from previous investors A16z, Trinity Ventures and Initialized Capital. Gobble came out of Y Combinator in 2015, around the same time many DIY meal kit services started to falter. For a while,… Read More
from TechCrunch
You’ll find image recognition technology in almost every kind of consumer service you would use today — like Facebook, Google, or any number of other apps — but Yann Fleureau is hoping that he can build a whole business off of its increasing success in healthcare.
Fleureau hopes that his startup, Cardiologs, can use image recognition to analyze an EKG and detect potential… Read More
from TechCrunch
Secret Escapes, the members-only travel club offering discounted rates on luxury hand-picked hotels and holidays, is closing in on Series D funding. According to sources, the London-headquartered company is on the verge of announcing a £50 million plus funding round. Read More
from TechCrunch
UK-based insurance giant Aviva has announced it’s buying a majority stake in robo investment startup, Wealthify. Read More
from TechCrunch
Nick D’Aloisio, who previously founded news summary app Summly, which he famously sold to Yahoo aged 17 for a reported $30 million, has raised funding for a new stealthy startup that promises to help you find and instantly chat to an expert on a range of topics. Read More
from TechCrunch