Nearly two years to the day of its majority investment in Grindr, China-based tech firm Kunlun Group has fully acquired the gay dating app. Grindr is among the, if not the, world’s most popular LBQT dating app with a claimed 3.3 million daily users. Kunlun, which is best known for games but is part of a consortium that acquired Opera’s browser business, bought 60 percent of the… Read More
from TechCrunch
Last year I wrote that Hong Kong is increasingly becoming a destination for tech IPOs, and the country just got a major boost after Alibaba chairman Jack Ma said the company is exploring the possibility of listing one or more of its affiliate businesses on the Hong Kong Stock Exchange. The Chinese e-commerce giant famously snubbed Hong Kong in favor of a record $25 billion listing on the New… Read More
from TechCrunch
The market for social media and collaboration services for enterprises — made popular by the recent, rapid growth and emergence of platforms like Slack, Facebook’s Workplace and Microsoft Teams — continues its hot streak. Today, Igloo Software, a Canada-based startup that has built a Jive-like platform that integrates other software for employees to communicate with each… Read More
from TechCrunch
Web development is complicated. What was once the relatively uniform LAMP stack of Linux, Apache, MySQL, and PHP years ago has been replaced by nearly infinite variations. Multiple cloud providers, dozens of databases, hundreds of developer tools, and that is not even getting into the world of libraries. NPM, the Node Package Manager, lists about half a million packages that can be imported… Read More
from TechCrunch
London-based CityStasher is building what it calls an ‘Airbnb for luggage’, a network of brick and mortar businesses across Europe that will store your luggage for a few hours after you have checked out or are waiting to check into your travel accommodation. Read More
from TechCrunch
Some nice momentum for Barcelona based Red Points which has closed a $12M Series B, led by Northzone. Previous investors Mangrove and Sabadell Venture Capital also participated in the round. Read More
from TechCrunch
There’s a startup in Texas that’s been quietly building the technology that powers mobile banking apps. Plano-based Alkami has developed a white label service that credit unions and banks use across digital platforms. And Alkami’s 4.5 million users have generated enough revenue for the company to justify a $70 million Series D round, led by General Atlantic. Existing investors… Read More
from TechCrunch
Wonderschool, a network of in-home daycare and preschools, plans to open 150 programs in New York City after raising $2.1 million in new funding. The capital comes from non-profit investment firm Omidyar Network, Be Curious Partners, Rethink Education, Edelweiss Partners and Learn Capital and brings the startup’s total raised so far to more than $4 million, including a seed round… Read More
from TechCrunch
Attic Labs, the creator of Noms, an open-source decentralized database, announced today that is being acquired by Salesforce. Terms of the deal, Salesforce’s first acquisition of 2018, were undisclosed. Last year, the company only bought digital creative agency Sequence, according to Crunchbase, taking a break from an acquisition spree in 2016 when it snapped up a dozen companies. Read More
from TechCrunch
SolarWinds, the company behind services like Pingdom, Papertrail and AppOptics, today announced that it has acquired the cloud-based log monitoring and analytics service Loggly. The two companies did not disclose the price of the acquisition, but Loggly, which was founded in 2009, had raised about $47 million over the years, including an $11.5 million Series D round in 2016. Investors include… Read More
from TechCrunch