Delivery Hero’s valuation topped $5 billion after the food delivery firm went public in a listing on the Frankfurt stock exchange. The listing, announced earlier this month, came at a €25.50 share price, at the top of its pricing range. The share price quickly rose to reach as high as €26.90 — or up 5.5 percent — on the first day of trading, according to Bloomberg.… Read More
from TechCrunch
Blue Apron investors might be shedding a tear — and it’s not from the chopped onions. The subscription service for at-home cooking closed the day just barely above $10 per share. This is not only a disappointment for the company, which hoped to raise more money by selling stock at $15 to $17 to share, but also for the new investors who bought at the $10 IPO price. Read More
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Abl Schools, a nearly two-year-old, San Francisco-based company that makes time and resource management software for middle schools and high schools, has raised $7.5 million in Series A funding. Abl was founded by CEO Adam Pisoni, himself a high school dropout who formerly co-founded and served as CTO of the enterprise messaging company Yammer. Read More
from TechCrunch
ClauseMatch provides a real-time collaboration tool for financial and legal teams to create and edit documents, track changes and mark as approved before being signed. It simplifies the process of indexing all updates and provides a comprehensive audit trail for all documents, giving teams greater visibility into how documents evolve over time. Read More
from TechCrunch
Meal delivery business Blue Apron opened for trading at $10 per share on Thursday, significantly below the originally proposed range of $15 to $17. It’s also flat compared to the $10 they priced it at last night, meaning the IPO investors have yet to reap any gains. The market will be watching Blue Apron’s first day of trading closely. Most companies “pop” on the first… Read More
from TechCrunch
Pray.com, an interfaith mobile app that helps religious leaders keep in touch with their congregants, will grow its team after receiving $2 million in seed funding. The round was led by Science Inc., an accelerator whose portfolio also includes Dollar Shave Club and DogVacay, with participation from Greylock Partners and Spark Capital. Read More
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Kinetica’s roots as a company go back to a 2009 consulting project for US intelligence services. When they couldn’t find a solution on the market to meet the strict demands of the army and NSA to track terrorists in real-time, they decided to build it. Today, it’s an in-memory database solution that runs on commodity hardware running Nvidia GPUs to supercharge the processing.… Read More
from TechCrunch
Swedish digital healthcare startup KRY has closed a €20 million ($22.8M) Series A round of funding to grow its on-demand video-call-a-doctor business, including expanding into new markets. Existing investors Index Ventures, Creandum and Project A also participated in the round. Read More
from TechCrunch
Glooko, a startup selling data management healthcare service on top of a device-agnostic platform to make it easier for doctors to remotely monitor patients, has pulled in $35 million Series C funding. It had previously raised $20 million, bringing the total up to $55 million. The startup was shy about how many were using the platform last time TechCrunch wrote about the company. But it… Read More
from TechCrunch
LendUp has built business providing personal loans to customers that traditional financial institutions wouldn’t touch. As it looks to expand into credit cards and other services, the company has raised some strategic funding from PayPal and also has expanded its executive ranks. Read More
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