Despite my early skepticism, I’m becoming increasingly convinced that commercial drone delivery will soon become a thing. Enter Israel’s Flytrex, which has just raised $3 million in funding to build out its drone delivery solution. Read More
from TechCrunch
Monese, the London-based fintech startup that offers a mobile banking app for immigrants and expats who might otherwise find it difficult to open a bank account outside of their originating country, has raised $10 million in Series A funding. Read More
from TechCrunch
French VC firm Alven Capital has been around since 2000 and has become a major player in the VC scene in Paris. The firm recently closed a brand new $261 million fund called Alven V (€250 million), which is a big step up as Alven IV was only a $125 million fund (€120 million). Over the years, the firm has managed to invest in many successful startups led by French entrepreneurs. Alven… Read More
from TechCrunch
Unlike IPOs, 2016 was pretty active for tech M&A. The year resulted in $612.9 billion in global tech deals, according to Dealogic, which made it the second best year for acquisitions. It nearly kept up the pace of record-setting 2015, where we saw $691.4 billion in tech transactions across the world.
A confluence of factors led to consolidation amongst semiconductors and enterprise tech. Read More
from TechCrunch
Value creation in enterprise tech is often driven by a cohort of exits, while value creation in consumer tech is generally driven by large, individual exits — a phenomenon I recently dug into. What the data revealed is that there is of late a trend of larger consumer exits, such as Facebook, Twitter and WhatsApp. If this trend continues, that’s very good news for… Read More
from TechCrunch
There weren’t many tech IPOs this year, but they performed well. Just 14 venture-backed tech companies went public, according to Dealogic. This compares to 25 last year and the 40+ we saw in each of the five years before. The last time we had fewer tech IPOs was in the 2009 financial crisis. Macroeconomic concerns related to oil prices, China and the Brexit made it a suboptimal time… Read More
from TechCrunch
AppDynamics has revealed its filing for a U.S. IPO. The IT company, which helps businesses like Salesforce and IBM with applications management, is targeting a $100 million offering. Despite a competitive landscape, which includes New Relic and Dynatrace, AppDynamics has shown strong revenue growth over the past year. For the nine months ending in October, revenue came in $158.4 million,… Read More
from TechCrunch
Apple juniper kombucha or a BBQ chopped salad may soon replace the can of soda and bag of chips in a vending machine at your office. A San Rafael-based startup called Byte Foods has raised $5.5 million in seed funding to popularize its smart vending machines and delivery service stocking them with nutritious food and drinks from local vendors. If the idea of the internet-connected vending… Read More
from TechCrunch
Fashion e-commerce powerhouse Rent the Runway has confirmed that it raised $60 million in a funding round led by Fidelity Investments. Technology Crossover Ventures, Bain Capital Ventures, Highland Capital Partners and Advance Publications are also participating in the round. Recode, which first reported the news, was told that the valuation was a “significant step up” from the… Read More
from TechCrunch
We’ve just witnessed one of the most surprising tech IPO markets in decades. Wall Street set record upon record throughout 2016, and tech stocks led the way, hitting all-time highs. And yet, we saw a mere 13 IPOs for venture-backed U.S. technology companies during the entire year. I’ve been in this industry for more than 40 years and I can’t remember anything like it. Read More
from TechCrunch