This morning, Frederic reported that Intuit has acquired Tsheets, a time-tracking service, for $340 million. That’s one of the highest prices that Intuit has ever paid for an acquisition, roughly equal to the cost of the company’s acquisition of Mint Bills / Check in 2014, and slightly smaller than the acquisition of Demandforce in 2012 for $423 million (which Intuit has since… Read More
from TechCrunch
Lyft just announced that it has added an additional $500 million to its most recent funding round, a $1 billion raise announced in October. The now-$1.5 billion round includes participation from Fidelity Management & Research Compant as well as the Ontario Teacher’s Pension Fund. Lyft’s post-money valuation as of this add-on raise is now $11.5 billion, with the expanded round… Read More
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Jinn, the London on-demand delivery startup that shut down and was put into administration after being unable to pay creditors, has found a buyer for some of its assets. Read More
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Swedish lock maker Assa Abloy completed its acquisition of August Home this week. The deal, first announced back in October, has the U.S.-based smart lock startup rolling into the world’s largest lock maker, though the company says it will continue to operate as a somewhat independent entity under the much bigger brand. Read More
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Smartphones have made flipping through photo albums a relic of the past. It’s easy to peruse and share a digital photo archive, but some people miss looking through photos while sitting next to family and friends. At least that’s what motivated serial entrepreneur Alan Chan to create Joy, a smart photo album. He says that he realized “family photo-sharing is broken”… Read More
from TechCrunch
Kespry, the industrial drone startup, announced a fresh infusion of cash today in the form of a $33M Series C. It brings the total raised to over $61M across the the three rounds. While today’s investment was led by G2VP, it also included some strategic investors with Shell Technology Ventures, Cisco Ventures and ABB Ventures joining in. Shell comes on board as Kespry tries to expand… Read More
from TechCrunch
Marketing tech company Zeta Global is making good use of its recent $140 million Series F funding round. After acquiring Boomtrain, the company today announced it has acquired Disqus, a service you’re probably familiar with thanks to its ubiquitous online commenting service that powers the commenting sections of sites that range from TMZ to The Atlantic and Entertainment Weekly. Read More
from TechCrunch
A long list of prominent American businesspeople have joined AOL co-founder Steve Case’s new Rise of the Rest seed fund for startups in the Midwest and other areas that are overlooked by investors. Case told the New York Times that the fund has secured $150 million from backers including Amazon founder Jeff Bezos and Eric Schmidt, the chairman of Alphabet. Read More
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Got too much Internet traffic? Get servers on-demand from Amazon Web Services. Got too many pallets of physical goods? Well now you can get on-demand warehousing from Flowspace. The startup aims to become the next critical logistics service by making atoms as easy to store and ship as bits. “We want to introduce flexibility and fluidity into a warehousing market defined by long-term… Read More
from TechCrunch
Social media has become critical to the online publishers. It drives a lot of traffic and helps brands build a following. But it also means that a lot of the engagement happens on another platform, like Twitter or Facebook, instead of the actual news site. New York-based Spot.IM saw an opportunity to help businesses from Time Inc. to NBC build out a better comments section, in order to… Read More
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