Uber announced today it took $3.5 billion from Public Investment Fund (PIF), Saudi Arabia’s main investment fund as part of its latest round. The new investment is the largest to date for the ridesharing giant and brings the total balance of both cash and debt to more than $11 billion but doesn’t increase the company’s current $62.5 billion value. Uber rules the U.S. market… Read More
from TechCrunch
Thread, the U.K. personal styling service for men that uses a mixture of algorithms and humans to help solve the online clothes shopping problem, has raised a further round of funding. Read More
from TechCrunch
We write about a lot of influencer marketing companies at TechCrunch, but Social Nature has a unique focus — natural products. The company is announcing it has raised $1 million in seed funding from investors, including Shopify co-founder Scott Lake, the Pereira/Wharton family, the founders of Pomme Natural Markets and Simon Whitfield (the Olympic triathlete) and Brenda Irwin of… Read More
from TechCrunch
Just how popular was that video of the mom laughing in her Chewbacca mask? And how did that video stack up against the mermaid pillow one which went viral in January? Are videos published by Last Week Tonight watched more or shared more than videos published by The Late Show with Stephen Colbert? Mountain View, Calif.-based Tubular Labs Inc. is using big data analytics to figure out such… Read More
from TechCrunch
How will you interact with the Internet of Things in your smart home of the future? Perhaps by looking your connected air conditioning unit in the lens from the comfort of your sofa and fanning your face with your hand to tell it to crank up its cooling jets. Read More
from TechCrunch
Newsletter startup theSkimm has raised $8 million in Series B funding from what looks to be a very strategic investor: 21st Century Fox, which was joined by earlier backers RRE Ventures, Homebrew and Greycroft Partners. If you’re wondering what a newsletter might have in common with a global TV and film giant, the answer centers on theSkimm’s ambitions. To date, the… Read More
from TechCrunch
This is the gospel according to Mary Meeker, a living legend amongst venture capitalists. Instead of just blindly clicking through her 200+ page 2016 Internet Trends report, here we’ve picked the most important graphs and stats, and explained what they actually mean for people who work in tech. You can also read the full report here. Read More
from TechCrunch
The fastest way to learn everything going on in tech is to read this report. Kleiner Perkins partner Mary Meeker has become a legend for publishing these compilations of the most critical stats and trends about how technology is evolving. From the funding climate to smartphone adoption to the tech giants to cutting-edge inventions, the Mary Meeker Internet Trends report has it all.… Read More
from TechCrunch
Finland’s Freska has acquired Norway’s Wipe, signalling its intent to lead the on-demand home cleaning space in the Nordics. Read More
from TechCrunch
7Commerce, the investment arm of media company ProSiebenSat.1, is upping its stake in Munich-based fashion aggregator and discovery startup Stylight, intending to acquire 100 per cent of the company by July — pending regulatory approvals. Read More
from TechCrunch