It’s not just SoftBank and Dragoneer that are looking to buy Uber shares from the employees and other shareholders when the tender offer launches, likely later today. Sources tell us that Sequoia Capital is looking to increase its stake in Uber this way. The other investors on the list include Tencent and TPG. Read More
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Just in time for the holiday season, a group of prominent Los Angeles entertainment and technology executives have come together to back the new startup, Enjoius, which aims to make it easier for hosts to plan their perfect party. Read More
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InstaCarro, a Brazilian-based marketplace for buying and selling used cars, has raised a whopping $22 million in its first institutional round of venture financing. One of the largest early-stage investments for a Brazilian startup, the new financing will be used for product development and international expansion. Read More
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StrideUp, a U.K. startup founded last year by Sakeeb Zaman and Rohan Trivedi, both formerly of Deutsche Bank, wants to make shared home ownership more readily available within the private housing sector. The company, which launched in the summer, lets you buy a portion of your home while you continue to rent the remainder. Read More
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Co-working space giant WeWork will acquire Meetup, according to Crunchbase News. The report says Meetup chief executive officer and co-founder Scott Heiferman shared the news with employees at a company-wide meeting on Monday. Read More
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French startup Doctolib is raising money for the second time in the past twelve months. The company is building a sort of Salesforce for the healthcare industry with a big emphasis on bookings. Doctolib just raised $42 million (€35 million) from Eurazeo and existing investor Bpifrance. The startup announced another round of funding back in January 2017. If you combine those two rounds,… Read More
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A SoftBank Group-led team of investors has made an offer to buy Uber’s shares in a tender offer that would value the company at about a 30% discount to Uber’s last private valuation of nearly $70 billion, a source with knowledge of the proposed deal tells TechCrunch. We’re hearing that the proposed price per share is $32.95, which works out to under $50 billion. Bloomberg… Read More
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It’s been just ten days since Stitch Fix debuted on the stock market and after soaring 24% on shopping holiday “Cyber Monday,” Stitch Fix has risen almost 54% since it went public. The fashion styling business got off to a rough start, but quickly turned things around as it started to gain momentum by its third day of trading. To recap, Stitch Fix originally priced its IPO… Read More
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SpaceX filed a new amended update to its $351 million funding round from this summer, adding around $100 million to the round in newly disclosed funds and bringing the total to $450 million. The new follow-on funding puts SpaceX’s total post-money valuation at SpaceX spokesperson James Gleeson provided the following statement regarding the amended filing: “This filing simply… Read More
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ClimaCell, a weather forecasting technology that uses wireless networks to create incredibly granular predictions, has raised $15 million to develop new products and expand beyond the U.S.
The Boston-based company’s service has broad applications across government and business, offering ways to better prepare for the increasing number of severe weather events that are occurring… Read More
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