Thundersoft, a company out of China that designs operating systems for drones and other connected devices, has made an acquisition to drive deeper into automotive technology: it has paid €64 million ($68 million; RMB471 million) for Rightware, a company out of Helsinki that develops graphical user interfaces for connected devices, with a special focus on automotive: its Kanzi product… Read More
from TechCrunch
2016 is almost out but there’s just time to anoint one more ride-sharing unicorn. Careem, one of Uber’s lower profile rivals in emerging markets, has taken a step into the global limelight today after it announced that it has raised $350 million led by Japanese e-commerce firm Rakuten and Saudi Telecom Company (STC). Read More
from TechCrunch
2016 is almost out but there’s just time to anoint one more ride-sharing unicorn. Careem, one of Uber’s lower profile rivals in emerging markets, has taken a step into the global limelight today after it announced that it has raised $350 million led by Japanese e-commerce firm Rakuten and Saudi Telecom Company (STC). Read More
from TechCrunch
Memebox, a Y Combinator startup that sells Korean beauty products in the U.S. and Asia, has raised $60 million. The cash is an extension of the firm’s Series C round which initially closed at $65.95 million in August. Read More
from TechCrunch
A new Delaware filing for Airbnb, identified by CB Insights, suggests that the travel service has authorized another $153 million in Series F shares. This implies that they might be raising an extension to their financing $555 million round from a few months back. The filing prices the shares at $105, consistent with the latest round, which was said to be about a $30 billion valuation. Uber is… Read More
from TechCrunch
Hotel search site Trivago went public on Friday, after separating from Expedia. The company priced its shares at $11 and closed the day at $11.85, up 7.73%.
But this was after pricing at $11 per share, below the $13 to $15 range that had been forecast. The company raised $287 million in the offering and plans to use the capital to focus on growth and potentially make strategic… Read More
from TechCrunch
Managed By Q, a service that automates office management, has raised $30 million in Series C funding, according to SEC filings.
Managed By Q started off as a NY-based platform that let office administrators more efficiently deal with the tedious housekeeping of an office, from cleanings to supplies to IT to handy work. Upon signing up with the service, Managed By Q drops by to install a… Read More
from TechCrunch
Let’s face it, if you’re an investor, you were probably priced out of these insanely large rounds. If you’re a founder, you’re swooning at the mere prospect of making such a statement. But no matter who you are, a lot can be gleaned from analyzing investment trends. Looking at B rounds provides a nice balance between the somewhat predictable success stories of… Read More
from TechCrunch
A Taiwan-based startup called Next Entertainment has raised $25 million in an outsized Series A round of funding for apps that make it possible to live stream for a living. The company’s founder and CEO, Andy Zhong, is no stranger to tech and new media. He previously started FunPlus, a social gaming company acquired by a Chinese conglomerate, Zhongji, in 2014 for $960 million. In… Read More
from TechCrunch
NextView Ventures, a seed-stage venture firm in Boston, is looking to raise at least $50 million for a third fund, shows an SEC filing that was processed yesterday. The firm closed its second fund with $40 million in 2014 and its debut fund with $21 million in 2012.
NextView was founded in 2010 by three former veterans of other venture firms: Dave Beisel, who’d previously worked for… Read More
from TechCrunch