Kindred Capital, a London-based VC firm that has actually been up and running since 2015, is announcing that it has closed its first seed fund of £80 million, money it has already been deploying in around 20 tech startups throughout Europe over the last two years. Read More
from TechCrunch
Industrious, the WeWork competitor that launched in 2013, is today announcing the close of an $80 million Series C funding round. The financing was co-led by Riverwood Capital and Fifth Wall Ventures. Industrious thinks of itself as a more premium version of WeWork, offering coworking space and workplace services to some 35 locations across 25 cities nationwide. “Industrious is high… Read More
from TechCrunch
It was well-known that ex-Index VC Ophelia Brown was ‘doing a fund of her own’ after she departed Robin and Saul Klein’s LocalGlobe in April, the London-based seed investment firm where she was a General Partner. However, it wasn’t until last month that Blossom Capital, as Brown’s new firm is called, broke cover. As reported by Business Insider, Brown has teamed… Read More
from TechCrunch
Alibaba’s 2018 investment spree looks set to continue after it made a push to buy Ele.me, the food delivery startup from China that it has invested in, in full. Bloomberg reported yesterday that Alibaba plans to purchase the roughly-60 percent of Ele.me that it currently doesn’t own from the other investors, which include search giant Baidu. TechCrunch has confirmed that with… Read More
from TechCrunch
While the largest deal in the history of technology continues to hit a number of speed bumps, we’re now getting into the phase of very strongly-worded publicly-issued statements between the two companies as we get closer and closer to the annual meeting of stockholders in early March. Broadcom and Qualcomm, the former of which is trying to acquire the latter, are continuing to duke it out… Read More
from TechCrunch
500px, the photo-sharing site that once proposed to take on Flickr and Getty, has been acquired by Visual China Group (VCG), a strategic investor in 500px via previous financings. A publicly-traded image licensing company – and China’s Getty, so to speak – bought Corbis in 2016, and is now the world’s third-largest visual content provider.
It sees 500px, which has 13… Read More
from TechCrunch
PhishMe, a seven year old startup that helps companies train employees to avoid phishing scams, announced today that it has been purchased by a consortium of private equity firms at a valuation of $400 million. That wording doesn’t give the exact price and a company spokesperson was careful in her response when we requested clarification. “This is an acquisition by a consortium… Read More
from TechCrunch
Starting a small business can involve a remarkable amount of red tape. Certificate of incorporations, sales tax licenses, publication requirements, annual franchise taxes, the list goes on. Even worse, every state in America has its own unique peculiarities. Failure to follow instructions perfectly can result in fines and possibly expropriation. And all you wanted to do was create a simple… Read More
from TechCrunch
Triple, the Stockholm-headquartered marketplace for local travel experiences, has acquired competitor Local Guddy for an undisclosed sum. The deal sees Local Guddy founder Emre Semercioğlu become part of the Triple team as Head of Market Growth, while I understand it was part cash, part stock. Read More
from TechCrunch
Long-time collaborators Tencent Holdings and JD.com have each bought minority stakes in Better Life, a Chinese retail conglomerate. According to a filing made on Friday by Better Life, which is traded on the Shenzhen Stock Exchange, Tencent paid 886.9 million RMB (about $140 million) for a 6% stake, while JD.com took a 5% stake for 739.1 million RMB ($117 million). Read More
from TechCrunch