Online secondary ticket marketplace Vivid Seats is looking for a buyer and they’re hoping to fetch a price of about $1.5 billion, TechCrunch has learned. According to multiple sources, private equity firm Vista Equity Partners is working with Morgan Stanley to unload Vivid, which could net a tidy profit for the firm a little over a year after acquiring the business for about… Read More
from TechCrunch
For Mashape CEO Augusto Marietti, the Silicon Valley dream is playing out as well as could be imagined.
In 2009, Marietti and his co-founder Marco Palladino — who’d formed a software company in Milan a year earlier — learned of and were accepted into TechCrunch50, a pitch competition that has evolved into today’s giant TechCrunch Disrupt events.
As the event… Read More
from TechCrunch
Founded by serial entrepreneur Adam Dell, Clarity Money makes a personal finance app that aims to help users lower their monthly bills and improve their financial health along the way. Just three months after launch, the company is announcing another $11 million in funding from RRE Ventures and Citi Ventures. Read More
from TechCrunch
If you’re an Android device owner and also a driver, you may be familiar with Drivemode: It’s one of the most popular apps for use in cars on Google Play, with over one million downloads and active users spread across 180 countries. The app is designed to reduce distractions for drivers via an eyes-free interface designed to access smartphone functions entirely via voice. Read More
from TechCrunch
Soundcloud — the popular, but unprofitable platform that lets creators post and share music and other audio files — may have been unsuccessful (so far) in closing a new $100 million round of funding, but it’s not running out of money soon. The company has closed a $70 million round of debt funding from three new investors — Ares Capital, Kreos Capital, and Davidson… Read More
from TechCrunch
Amazon continues its march across the globe, and one of its newest targets is the Middle East. According to multiple reports that we have confirmed with our own sources, the e-commerce giant has acquired Souq, often described as the Amazon of the Arab world and the region’s biggest e-commerce player, for a price of $650 million, to spearhead its Middle East business. “The ink… Read More
from TechCrunch
Earlier this month, we reported that China-based photo app firm Kuaishou is gearing up for an IPO in the U.S. later this year. Well the company, which also offers live-streaming video in its service, has stopped to refuel its tanks first after it raised $350 million in fresh funding led by Chinese internet giant Tencent. Tencent, Asia’s highest valued tech company, confirmed to… Read More
from TechCrunch
The way Ripcord CEO Alex Fielding discusses chief competitor Iron Mountain, the record keeping company sounds like it runs the warehouse from the last scene of Raiders of the Lost Ark. The startup comes out of stealth this week with the announcement of $9.5 million in funding led by Kleiner Perkins Caufield & Byers for its goal of taking corporate records paperless through its industrial… Read More
from TechCrunch
Recent college grads need a better way to search for jobs. Or at least, that’s the thesis of New York-based WayUp, which recently raised $18.5 million in Series B funding to execute on this vision. Trinity Ventures, which led the investment, is also gaining a board seat via partner Karan Mehandru. Existing investors, including General Catalyst, Lerer-Hippeau Ventures and SV Angel… Read More
from TechCrunch
Singapore-based auto classifieds Carro has a double whammy of news today — it has moved into the vehicle financing space and raised $12 million more from investors. Carro was founded in late 2015 and it went on to close $5.3 million in seed financing last summer. CEO Aaron Tan, a former investor with Singtel himself, said the lead investor’s identity is not being disclosed for… Read More
from TechCrunch