CurrencyFair, one of a number of so-called peer-to-peer currency exchanges, has scored a further €8 million in funding. The round was led by Octopus Ventures, with participation from Proxy Ventures. It brings total raised by the 2010-founded company to around €20 million — a figure that is dwarfed by noisy rival TransferWise, which closed $58 million in Series C funding last year alone. Read More
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AppDirect, a company that helps customers manage multiple cloud vendors, announced today it was buying former TechCrunch Disrupt Battlefield participant Xendo for an undisclosed amount. Xendo, which actually launched at my first TechCrunch Disrupt in September, 2014 enables users to conduct federated searches across cloud services, a function that could prove quite useful for AppDirect. In… Read More
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Research marketplace Science Exchange is now $25 million richer. The startup hooking researchers up with service providers just pulled in that amount in Series B funding, putting the total raised at $40 million. Maverick Capital led the round, with participation from Union Square Ventures, Index Ventures, OATV, Collaborative Fund, YC Continuity Fund, TEDMED CEO Jose Suarez, Sam Altman, Steve… Read More
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Cherubic Ventures, an early-stage VC firm with a focus on the U.S. and Asia, has announced a new fund targeted at $120 million. Read More
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There’s more money flowing into India’s e-commerce space after BigBasket, a Bangalore-based company that focuses on groceries, landed a $150 million investment led by The Abraaj Group in the UAE. Read More
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GoCardless has become somewhat of a poster child for the London fintech scene. Offering an alternative to card payments, the startup provide’s a simple way for businesses to set up and accept bank-to-bank payments online (also known as Direct Debit), and is now processing £1 billion worth of payments annually. That’s up from £500 million in July — a figure that co-founder… Read More
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Eye-tracking virtual reality headset maker FOVE has closed an $11 million Series A led by Colopl VR Fund, with participation from the venture fund of Hon Hai (Foxconn), 2020, and Samsung Venture Investment. Read More
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Nuren Group, a Malaysian-based company that runs community and e-commerce sites for women, has raised a $2 million Series A led by Gobi Partners. Read More
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“You’ll notice we have many more startups that aren’t in the traditional software category,” said Y Combinator President Sam Altman at the start of its Winter 2016 Demo Day 1. While once upon a time YC was known for legions of social and marketplace apps no one needed, it’s branched out. Now Silicon Valley’s top accelerator features tons of hardware… Read More
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RecomN, a platform that helps Malaysian and Indonesian users find service providers for important projects, will enter new Southeast Asian markets after raising $1 million in seed funding from Gobi Partners. The company was launched in July 2014 and inspired by expensive mishaps two of its co-founders, Alex Tan and Jes Min Lua, experienced. Read More
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