Australian financial tech company Tyro Payments plans to challenge the country’s leading retail banks after scoring AUD $100 million (about $72 million) in funding from Tiger Global, TDM Asset Management, and Atlassian co-founder Mike Cannon-Brookes. Read More
from TechCrunch
ZenRooms, a hotel booking platform for price-conscious travelers, is the newest startup from Rocket Internet. Like other Rocket Internet companies, ZenRooms replicates a proven business model—in this case, OYO’s—in new marketplaces. Read More
from TechCrunch
Wearable fitness trackers are becoming increasingly popular, but a lot of them are quickly abandoned after the novelty of tracking exercise and sleep wears off. GOQii, however, believes it has landed on the winning formula for long-term success. The Menlo Park, California and Mumbai-based company just raised a $13.4 million Series A, which it will use to expand in the U.S. and China. Read More
from TechCrunch
Weeks after more than doubling the size of its fund for Southeast Asia, US-based VC firm 500 Startups has increased its focus on the region after it increased the size of its micro-fund focused on Thailand to $12 million. Read More
from TechCrunch
Kabuku, a Tokyo-based startup that explores new uses for 3D printing, plans to expand around the world after raising a $6.1 million Series A round. The company runs Rinkak, an online marketplace that lets makers upload their 3D printed designs and sell them directly to consumers. Read More
from TechCrunch
Yixia Tech, the Beijing developer behind Chinese video blogging app Miao Pai, has raised $200 million in Series D funding from microblogging platform Weibo, Sequoia Capital, YG Entertainment, and other investors at a valuation of $1 billion. Read More
from TechCrunch
As the market for virtual reality technology continues to grow, Apple has made an interesting acquisition that could further its role in the space. TechCrunch has confirmed that Apple has snapped up Faceshift, a startup based in Zurich that has developed technology to create animated avatars and other figures that capture a person’s facial expressions in real time.
There were… Read More
from TechCrunch
Jet.com, an e-commerce company with its sights on Amazon, has raised a fresh $350 million, and according to a report on Re/code has “verbal agreements” for another $150 million.
TechCrunch confirmed the details of the story with the firm.
Jet has managed several feats in its short life, including generating a tectonic quantity of buzz by raising capital aggressively before its launch. Read More
from TechCrunch
When Slack’s IPO window opens, it wants to be able to quickly spring into the public markets. Otherwise it could see sour conditions or botched IPOs by other tech companies shut the window before it rings the opening bell. That’s why Slack CEO Stewart Butterfield says its already getting its ducks in a row so its poised to IPO when the time comes. Today, Butterfield The Australian… Read More
from TechCrunch
Square’s IPO came in hot, bouncing more than 40 percent in its first day of trading. Priced conservatively, the offering did what all IPOs must do to set a positive narrative: rise.
In the ensuing days of trading, Square has slipped. Today, as TechCrunch reported, shares in Square fell for the third consecutive session. A good first day, it seems, does not a good first week make.
The… Read More
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