Quartzy, a lab supplies marketplace, announced it has closed a $17 million round in Series B financing to help the startup build up the supply of lab equipment offered to customers. The startup launched out of Y Combinator four years back and has since partnered with several academic institutions, including Stanford to offer an alternative marketplace for pricier lab supplies. Quartzy does so… Read More
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Lyft announced the close of its $1 billion Series F round today – half a billion of which came in from General Motors. The ridesharing service is now worth a whopping $5.5 billion and plans to use the money to work with GM on a connected network for self-driving cars. The other $500 million came from Saudi Prince Al-Waleed’s Kingdom Holding Company, Janus Capital Management,… Read More
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Movinga, the online removals startup that claims to be a leader in its native Germany but also operates in numerous other European countries, such as Austria, Switzerland, U.K., France and Italy, has picked up $25 million in Series B funding. Read More
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Paytm, the Indian mobile commerce company backed by Alibaba, announced today that it has acquired Shifu, a personal assistant app for smartphones. The value of the deal was not disclosed, but Paytm senior vice president Kiran Vasireddy confirmed that it is close to the $8 million reported by new outlets like the Times of India. Read More
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Credit and finance management platform Credit Karma, known best as the startup that offers free, no-strings-attached credit scores, has made its first acquisition. The company has acquired the makers of the mobile application Snowball, with plans to leverage the team’s expertise in mobile notifications. Terms of the deal were not disclosed, and the Snowball app will be pulled from… Read More
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Alibaba will reportedly invest $1.25 billion in Ele.me, a food delivery service based in Shanghai, says financial news site Caixin (link via Google Translate). The deal would Alibaba the startup’s biggest shareholder, with a 27.7 percent stake. Read More
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They say there’s not supposed to be much M&A action the week of Christmas, but Salesforce apparently didn’t get the memo, picking up quote-to-cash vendor SteelBrick today for $360 million. According to the 8-K form Salesforce filed with the SEC, the deal is for $360 million in stock, not including the company’s investment in SteelBrick or the $60 million it has in… Read More
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After years of ridiculing the cloud, Oracle has been taking it a lot more seriously recently, and it quietly purchased StackEngine last Friday as part of an effort to boost its Platform as a Service offerings.
StackEngine, which is based in Austin, Texas had a very brief announcement on its website linking to Oracle.com. It simply stated that the database giant had purchased the… Read More
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Gojimo, an app that helps U.K. high school students prepare for exams, has picked up a further $1.8 million in funding, bringing total raised by the 2013-founded startup to just over $3 million. Read More
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One year old HomeTouch, which has just picked up additional undisclosed funding from Passion Capital, operates a home care marketplace to let families with elderly parents and others needing “care” to find a vetted carer local to them. Read More
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