MuleSoft is the latest “unicorn” to file for an IPO. The company, which helps businesses with their APIs, has unveiled its financials to the public in an S-1 filing, suggesting that they are targeting a debut as soon as March. In the filing we see that MuleSoft had $187.7 million in revenue last year, up from $110.3 million in 2015 and $57.6 million the year before. Net… Read More
from TechCrunch
Before I make a product-driven case for Snap Inc. achieving a $100B market cap by 2020, I should note that I’ve been a Snapchat bear for much of the company’s existence. That guy at the water cooler scoffing at Evan Spiegel for turning down Facebook’s $3B acquisition offer and complaining that the Snapchat app violates every principle of user-centric design? Guilty. Read More
from TechCrunch
Thailand-based casual game studio Playlab has turned investor after it invested $1 million into Cupcake Entertainment, a Brazil-based game-maker. The deal is a little different to the usual in that it is not an equity investment, instead Playlab and Cupcake have agreed to a profit share deal. Cupcake started producing games in 2014, and its current titles include Letters Of Gold and Words… Read More
from TechCrunch
Meal kit delivery startups, at this point, are nothing new. They send pre-measured ingredients in an insulated package right to a subscriber’s door, and promise to alleviate the inconvenience of grocery trips. One company in this burgeoning channel of food retail, Sun Basket, has just raised $15 million in a Series C round of venture funding to put a health-conscious twist on the meal… Read More
from TechCrunch
The short answer for why Snap lowballed its initial valuation for its initial public offering is that it probably won’t be that low for long. Normally these prices are set by expectations the underwriters and executives can divine from their conversations with Wall Street. It’s essentially a matching game — how does Snap and its underwriters figure out where to price the… Read More
from TechCrunch
YotaScale, a graduate of Alchemist’s enterprise accelerator, is announcing a $3.5 million venture round today from Engineering Capital, Pelion Ventures and angels Jocelyn Goldfein, Timothy Chou and Robert Dykes. The startup employs machine learning to help balance performance, availability and cost for enterprise cloud computing. Competitors CloudHealth Technologies and Cloudability… Read More
from TechCrunch
Cervin Ventures, under the direction of Preetish Nijhawan and Neeraj Gupta, is announcing its latest $56 million fund. Built on the success of previous angel and micro-venture portfolios, Cervin is targeting seed-stage startups across the enterprise stack — running the full gamut of infrastructure, data and software. Both Nijhawan and Gupta come from operational roles. Preetish… Read More
from TechCrunch
Snap, the parent company of Snapchat, has set a valuation range of $16.2 billion to $18.5 billion for its upcoming IPO. That’s according to an updated filing which revealed that Snap shares will be priced between $14-$16, meaning it could bring up to $3.2 billion in capital. Snap’s pricing is below its initial range of $20 billion-$25 billion — and below what it raised at… Read More
from TechCrunch
You may have seen the startup Brightwheel scoring an investment from Mark Cuban and Chris Sacca on Sharktank last year. Or you may know Brightwheel if you have kids in preschool, daycare, or other early education programs these days. Brightwheel’s mobile app helps pre-K teachers and care providers to manage their business, while sending parents updates about their kids throughout… Read More
from TechCrunch
Dating app Tinder is looking to get into video. The company announced today it’s acquiring an L.A.-based startup called Wheel, which had developed a social network for sharing “video stories” that were said to closely resemble Snapchat’s Stories. Deal terms were not revealed, but Tinder says that it will integrate video features into its app in the future.
Wheel was… Read More
from TechCrunch