Funding for Southeast Asia’s car trading platforms is like buses. After a long wait without news, a third startup has raised funding in the space of a month. Carsome, a Malaysia-based company that also operates in Singapore, Indonesia and Thailand, announced today it has raised a $19 million Series B round just weeks after smaller rivals BeliMobilGue and Rocket Internet’s Carmudi… Read More
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Atom Tickets, an app that combines online movie ticket booking with social features, said today that it has raised a $60 million Series C led by Fidelity Investments, with participation from returning investors Lionsgate, Disney and Twentieth Century Fox Film. All three studios contributed to Atom Tickets’ $50 million Series B, which was announced two years ago. Read More
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SolarisBank, the Berlin-based “banking platform” co-founded by fintech company builder Finleap, appears to be on quite a roll. Read More
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The Fabric, an early-stage investment company developing new infrastructure technologies, has raised $15 million for its third investment vehicle. Announced at the Montgomery Summit in Santa Monica, Calif., the new financing came from Verizon Ventures (the investment arm of TechCrunch’s parent company’s parent company) and March Capital Partners, a Los Angeles-based venture… Read More
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It turns out that some employees spend more when they can expense it on a corporate card. But some companies are finding that five-star hotels and fancy dinners can add up when it’s for hundreds or thousands of workers. Several startups have emerged to save corporations money, by rewarding employees with cash and gift cards if they spend less when they travel. There’s Rockettrip… Read More
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Wyoming, a wide-open state with plenty of free wind power, is continuing to be a surprising leader in cryptocurrency legislation. To wit: their recent passing of H.B. No. 0070, a bill that allows the sale of “open Blockchain tokens” to be exempt from regulation and money sending legislation. These tokens are very specific in their use and would more commonly be called… Read More
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Fishbrain, the Sweden-made mobile app and social network for sport fishing, is disclosing $13.5 million in Series B funding. The round is led by B Capital Group, the VC fund founded by Facebook co-founder Eduardo Saverin, with participation from SoftBank Ventures Korea, and existing investors Northzone, and Industrifonden. Read More
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S&P Global announced today that it will acquire Kensho, a Cambridge, Massachusetts startup that has concentrated on artificial intelligence and analytics for big financial institutions. The total value of the deal is $550 million in a mix of cash and stock. Kensho, which counted S&P Global as a client/partner and an investor, launched in 2013 and has raised $67.5 million, according… Read More
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Atomwise, which uses deep learning to shorten the process of discovering new drugs, has raised a $45 million Series A. The round was led by Monsanto Growth Ventures, Data Collective (DCVC) and B Capital Group. Baidu Ventures, Tencent and Dolby Family Ventures, which are all new investors in Atomwise, also participated, as well as returning investors Y Combinator, Khosla Ventures and DFJ. Read More
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It seems that everyone agrees that meetings are a time suck. There have been many attempts to use technology to make it easier to organize and run them, but Voicera, a Bay area startup, is attacking the problem from a different angle. It wants to make it simpler to record meetings and pull out action items automatically using artificial intelligence. Today, it announced a $20 million Series… Read More
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