The market for augmented and virtual reality technology continues to heat up, and now one of the more promising startups making both AR hardware and software has raised a $50 million round to keep up the pace. Meta, which makes a headset/glasses that are part-AR viewer, and part-VR simulator, has raised $50 million in a Series B round of funding — money that the company plans to use… Read More
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TechCrunch understands from a source close to the transaction that FinLeap’s latest round gives the company a post-money valuation of €121 million (based on a €100 million pre-money valuation). Read More
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Can’t beat ’em, join ’em. That appears to be the motto of China Life, Asia Pacific highest valued insurance firm, after it backed Chinese taxi app Didi Chuxing barely months after investing in its fierce rival Uber China. Read More
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When I walked into a conference room last Tuesday at the Cloud Identity Summit in New Orleans to interview Ping Identity CEO Andre Durand, it was my first chat with him since the company had been sold the week before for $600 million (as reported by The Information), a tidy exit for the 14 year old company.
I had questions, lots of questions. After all, in conversations with Durand and CFO… Read More
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In March, we told you that Andreessen Horowitz was targeting $1.5 billion for its fifth and newest fund. This morning, the seven-year-old Sand Hill Road firm is confirming that it has closed on that amount, having secured the capital commitments from its previous investors. The announcement comes a little more than two years after the firm closed its fourth, multi-stage venture capital fund… Read More
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Sometimes entrepreneurship is about starting battles and other times it’s about finishing them. Jared Kim has been on a mission to cut the frustration out of sharing gameplay with friends since he was 19. Forge, his second play in the space, closed a $4.5 million Series A yesterday led by True Ventures. This round matches a $4.5 million seed his company received back in March. Read More
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Sherpa Capital, the private capital fund run by Scott Stanford and Shervin Pishevar, has closed on $470 million and launched two new funds: Sherpa Ventures II, an early stage venture fund and a mid-stage fund called Sherpa Everest, bringing the total now raised up to $630 million.
The three-year-old venture firm backing startups like Uber, SpaceX and Hyperloop One (where Pishevar is a… Read More
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Mobile advertising company Smaato is set to become the latest technology startup to be acquired by Chinese investors, after the San Francisco firm announced that Beijing-based Spearhead Integrated Marketing Communication has agreed to buy it for $148 million. Read More
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Barcelona based TravelPerk, a business travel booking platform founded last year by a team of ex-Booking.com employees, has closed a $7 million Series A round of financing led by Spark Capital. Read More
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Tradeshift, the San Francisco-based startup that is trying to change the way companies work with outsourced clients, has announced its $75 million Series D round today. Read More
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