Global Fashion Group (GFG), the umbrella group that manages Rocket Internet-backed online fashion businesses worldwide, has added €30 million ($33 million) to a €300 million round that it announced back in April. Read More
from TechCrunch
Companies
Today’s Deals – KK Fund announces second fund for early-stage startups in Southeast Asia
Good news for early-stage startup founders in Southeast Asia: KK Fund just completed the first close of a new fund for seed stage investments. Read More
from TechCrunch
Today’s Deals – Impinj soars 28% in internet-of-things IPO
It has been a very slow year for tech IPOs, but Seattle-based Impinj decided to brave the public markets and list on the Nasdaq today. The company priced at the top of the range at $14 and then saw its shares rise about 28% on its first day of trading.
A leader in developing radio frequency technology, or RFID chips, Impinj has found unique partnerships with Coca-Cola, Macy’s… Read More
from TechCrunch
Today’s Deals – A seed grows in Boston
Across 1,000 acres of cotton plants in Arkansas, Tyler McClendon is running an experiment. The seeds are the same, as are his company Oxbow Agriculture’s methods of growing them. But just ahead of planting the cotton seeds in April, Oxbow dusted them with a special microbe not usually found on its cotton plants. Their presence is expected to increase McClendon’s cotton yield by… Read More
from TechCrunch
Today’s Deals – Redis Labs raises $14M for its in-memory NoSQL database services
Redis Labs, the company behind the open source Redis data structure store, today announced that it has raised a $14 million Series C round led by Bain Capital Ventures and Carmel Ventures. The company’s existing investors, including Silicon Valley Bank and Tamar Ventures managing partner Zohar Gilon, also participated in this round. With this round, which follows the company’s… Read More
from TechCrunch
Today’s Deals – Inkbox’s short-term tattoos raise $1M from Alison Sweeney, Jeff Probst and more
Inkbox’s two-week tattoos made waves when the company debuted its product on Kickstarter last year – Toronto-based founders Tyler and Braden Handley raised nearly $300,000 for their organic limited-time body art invention, which was a refinement of their original product offering that cut application time to just 10 minutes. A year later, they’ve raised $1 million in seed… Read More
from TechCrunch
Today’s Deals – India’s Mywish Marketplaces raises $15M to expand to new financial products
Fintech companies are beginning to make a significant impact to how people live in Asia. Mywish Marketplaces, one of the more mature startups in what is admittedly a very broad sector, has raised $15 million to push its financing business into new areas. Read More
from TechCrunch
Today’s Deals – Omise lands $17.5M Series B to expand its Stripe-like service in Southeast Asia
Omise, a Bangkok-based payment enabler much like Stripe, has raised a $17.5 million Series B round to expand its reach across Southeast Asia. Read More
from TechCrunch
Today’s Deals – Expedia acquires travel photography community Trover
Online travel agency Expedia has acquired Trover, an app and website where people share their travel photos. The terms of the deal were not disclosed. “At Expedia, it’s fair to say we believe in the power of travel,” an Expedia spokesperson wrote in an email to TechCrunch. “It can transform people. So an important part of our job is to inspire travelers. One way we… Read More
from TechCrunch
Today’s Deals – Lighter Capital takes a different approach to startup financing
The new world of startup finance is very strange. Private equity is increasingly dipping down to finance startups. Meanwhile, venture capital funds are being forced to use every financial tool imaginable to stay involved in the growing size of late-stage startups. PWC’s most recent MoneyTree report for Q2 2016 underscores this point. One fund, Lighter Capital, is trying to get ahead… Read More
from TechCrunch