It’s been just ten days since Stitch Fix debuted on the stock market and after soaring 24% on shopping holiday “Cyber Monday,” Stitch Fix has risen almost 54% since it went public. The fashion styling business got off to a rough start, but quickly turned things around as it started to gain momentum by its third day of trading. To recap, Stitch Fix originally priced its IPO… Read More
from TechCrunch
SpaceX filed a new amended update to its $351 million funding round from this summer, adding around $100 million to the round in newly disclosed funds and bringing the total to $450 million. The new follow-on funding puts SpaceX’s total post-money valuation at SpaceX spokesperson James Gleeson provided the following statement regarding the amended filing: “This filing simply… Read More
from TechCrunch
ClimaCell, a weather forecasting technology that uses wireless networks to create incredibly granular predictions, has raised $15 million to develop new products and expand beyond the U.S.
The Boston-based company’s service has broad applications across government and business, offering ways to better prepare for the increasing number of severe weather events that are occurring… Read More
from TechCrunch
More VC money sloshing around Europe: In what was probably one of the worst kept secrets in European VC, London-based Balderton Capital is announcing a new $375 million fund. I understand that it actually closed earlier this year, however, and I’m told has already been used to make ten investments. Read More
from TechCrunch
Pokémon Go creator Niantic has raised a new $200 million in funding, reports The Wall Street Journal. The Series B raise was led by Spark Capital, and includes participation from Founders Fund, Meritech, Javelin Venture Capital, You & Mr. Jones and NetEase, Inc. Spark partner Megan Quinn is also joining Niantic’s board as part of the new financing deal.
Niantic is known for its… Read More
from TechCrunch
In another example of Starling Bank jumping on the Open Banking/PSD2 train before legislation in the U.K. and Europe next year will force banks to do so, it is launching its latest API partnership: this time with Yoyo Wallet, the U.K.-based mobile payment and loyalty platform. Read More
from TechCrunch
Portea Medical, one of India’s biggest platforms for home healthcare visits, has raised $26 million in Series C funding to expand its service range. The round was led by Sabre Partners and MEMG CDC, with participation from returning investors Accel (which led Portea’s Series B two years ago), the World Bank Group’s International Finance Corporation and Qualcomm Ventures. Read More
from TechCrunch
Every few years efforts to redefine the IPO emerge, and as night follows day, investors get hurt and calls for tighter regulatory reform echo in legislative chambers and cable TV studios. The last significant “re-invention” emerged in the height of the dot-com boom when online brokers started selling newly issued shares directly to retail customers. We all know how that ended. Read More
from TechCrunch
PacketZoom, a startup that helps app developers speed up and optimize app delivery on mobile devices, announced a $5M Series A today. The round was led by Baseline Ventures with participation from First Round Capital, Tandem Capital and Arafura Ventures. Today’s investment brings the total raised to over $9M, according to Crunchbase. The company combines a content delivery network (CDN)… Read More
from TechCrunch
The London-based VC firm recently sold its first two funds to Draper Esprit, and today is announcing the first close of a new £41 million fund, double the size of its last. This year the VC is also celebrating its 10 year anniversary. Read More
from TechCrunch