No one wants to fight a land war in Asia, not even Uber. It could have burnt mountains of cash battling for market share with local ride app juggernaut Didi Chuxing, between marketing, discounts, and driver incentives. Instead, Uber surrendered. It’s sold its UberChina operation to Didi in exchange for a 20% stage in the merged company, while Didi has invested $1 billion into Uber at… Read More
from TechCrunch
Carousell, a four-year-old company in Singapore behind a listings app that enables peer-to-peer selling, has closed a $35 million Series B round to grow its reach into new countries and increase product development. Read More
from TechCrunch
Of all the ways to make a 3-dimensional object, 3-D printing is still the freshest, whether what’s involved is plastic extrusion, milling away wood or metal, or the spinning of cells into functional living tissues. Now, a company that makes a desktop laser cutter and engraver for home or office use, Glowforge, has raised $22 million to start mass production of its devices. The startup… Read More
from TechCrunch
Of all the ways to make a 3-dimensional object, 3-D printing is still the freshest, whether what’s involved is plastic extrusion, milling away wood or metal, or the spinning of cells into functional living tissues. Now, a company that makes a desktop laser cutter and engraver for home or office use, Glowforge, has raised $22 million to start mass production of its devices. The startup… Read More
from TechCrunch
Early this morning, Tesla announced that it had come to an agreement to acquire SolarCity in a $2.6 billion all stock transaction. Tesla first announced it was interested in acquiring the solar power company back in June. In the wake of the announcement, both Tesla and SolarCity stock is being traded down. The original anticipated rage for the sale was $26.50 to $28.50 per share. Rather,… Read More
from TechCrunch
Early this morning, Tesla announced that it had come to an agreement to acquire SolarCity in a $2.6 billion all stock transaction. Tesla first announced it was interested in acquiring the solar power company back in June. In the wake of the announcement, both Tesla and SolarCity stock is being traded down. The original anticipated rage for the sale was $26.50 to $28.50 per share. Rather,… Read More
from TechCrunch
You’ve built an app and it’s blowing up but you have no clue how to scale or retain users. Who do you call? Binary Capital specializes in businesses with initial traction that need direction. Binary’s founding partners got behind Tinder at 12,000 active users, Snapchat at 120,000, and Instagram at 220,000 users, helping them harness their growth. “We invest in… Read More
from TechCrunch
Technology Crossover Ventures, the VC that has backed the likes of Facebook, Spotify, LinkedIn, WorldRemit and Zillow, as well as more nascent investments, has closed a fund that will see the company taking many more bets in the near future. TechCrunch has learned and confirmed that it has now closed TCV IX, a $2.5 billion fund that it plans to use for growth-stage investments. Read More
from TechCrunch
Brave Software, the new web browser company co-founded by former Mozilla CEO Brendan Eich, has raised $4.5 million in seed funding for the continued development of its open source browser that blocks online ads and other trackers. Unlike traditional web browsers where ad-blocking takes place via a third-party add-on or extension, Brave’s browser has this technology built in, claiming… Read More
from TechCrunch
Hot off the heels of its acquisition of Yahoo last week for $4.8 billion, today Verizon announced another huge purchase: it’s buying Fleetmatics, a telematics company based out of Dublin, Ireland, for $2.4 billion in cash, to build out the products that it offers to enterprises in the areas of logistics and workforces that are on the move. The deal will make Fleetmatics a part… Read More
from TechCrunch