All major banks today offer a way for customers to bank online, but this is not stopping a rush of startups emerging to build new, mobile and online-only banks from the ground up. In one of the latest developments, Atom Bank, a UK mobile banking startup and app aimed at hip, youthful consumers that has yet to launch its commercial service, is today announcing that it has closed an £82… Read More
from TechCrunch
Placester, a service that helps real estate agents and brokers to serve their clients and market themselves better, today announced that it has raised a $27 million Series C round. The round includes New Enterprise Associates (NEA) and Romulus Capital, both of which previously invested in the company, too. Read More
from TechCrunch
There’s little doubt in my mind (and industry experts and VCs I talk to) that the local on-demand delivery space will soon get messy given the number of startups entering the space and the amount of venture being thrown at the opportunity. The latest to raise capital is Spain’s Glovo. Read More
from TechCrunch
It was only in July that Deliveroo raised $70 million in Series C funding, but today the London-headquartered company has announced that it’s been dining at the VC table again. Read More
from TechCrunch
It’s become a meme in tech circles, “IPOs are the new down round,” venture capitalists quip. The dreaded “down round,” when a startup raises capital beneath its prior valuation, is getting pushed back to the public markets. While most companies grow their value in the stock market, Square, Box and Hortonworks went public at market caps that were lower than what… Read More
from TechCrunch
SportPursuit, the flash sales site for ‘premium’ outdoor and sports gear, has raised £9.5 million in Series C funding. Investors this time around are Scottish Equity Partners (SEP), Grafton Capital, and existing backer Draper Esprit, bringing total funding for the London-based company to just shy of £16 million since launching in 2012. SportPursuit, which currently ships to over… Read More
from TechCrunch
Shares of Tesla, an electric car company and Silicon Valley darling, are down several points today on news that the company will recall every Model S sedan over a seatbelt issue uncovered in a single incident in Europe.
The recall includes nearly 90,000 cars. Tesla stressed in an email to customers — pasted below — that it does not know of any other Model S cars with the same issue. Read More
from TechCrunch
Cisco announced today it plans to buy video conferencing firm Acano for the widely reported price of $700 million. The company, which is based in the UK, has developed video infrastructure and collaboration software. You’re probably thinking that Cisco already offers that same time of service and you would be right. It bought WebEx in 2007 for $3.2 billion and has been positioning it as… Read More
from TechCrunch
Chatbooks, a subscription service for printed photo books, has acquired Guesterly, a company that creates pocket-sized printed event guides. Founded in 2014, Chatbooks has raised $2.1M in seed funding, and will sell its one millionth photo book by the end of 2015. Here’s how service works: For $8 dollars each, the startup will automatically collate photographs from across your… Read More
from TechCrunch
“People should be focused on the business, not hanging out and getting high” insists Carter Laren, co-founder of marijuana startup funder and incubator Gateway, which launches today in Oakland, CA. But even if you’re stoned, you should be able to see the opportunity here. Marijuana prohibition is coming to an end, and massive businesses will grow in its place. Gateway wants… Read More
from TechCrunch