Localglobe, the new VC fund from father and son duo Robin and Saul Klein, has led a £1.1 million investment in online mortgage advisor Trussle. Others joining the round include notable U.K.-based investors Ed Wray, co-founder of Betfair, Dan Cobley, ex-Google U.K. MD, and Ian Hogarth, co-founder and chairman of Songkick. Read More
from TechCrunch
British startup Revolut just closed its seed round. After announcing having raised $2.3 million this Summer, the company has added a couple of new investors. In total, the company has raised $4.8 million (£3.2 million) from Index Ventures, Balderton Capital, Seedcamp and Point Nine, Venrex and business angels. Read More
from TechCrunch
The great takeout shakeout continues apace. Since going public in 2014, Rocket Internet has been trying to simplify and reorganize the tangle of e-commerce startups funded and grown by the Berlin-based incubator to make the main business more profitable. Today comes the latest move on that front. Rocket Internet is selling food takeaway operations in Spain, Italy, Brazil and Mexico to… Read More
from TechCrunch
CustomInk, a leading player in the online custom appeal space, has announced it is acquiring Represent, a Los Angeles-based social commerce startup.
Sources close to the acquisition tell us the price tag was approaching $100 million, with it being a cash and stock deal.
Founded in 2014, Represent is similar to CustomInk in that it lets anyone create and sell apparel and accessories with no… Read More
from TechCrunch
Foursquare is not a consumer social app business, it’s a data company. And only when it admitted that to itself and revalued as such was it able to pull in more capital and keep chugging. Today at LA’s Upfront Summit, Foursquare’s lead investor from Union Square Ventures Fred Wilson stuck up for the startup while trying to make people understand how it’s… Read More
from TechCrunch
Sonatype, a company that helps customers create automated, policy-driven software component security, announced a $30 million round today led by Goldman Sachs. The investment was a mix of debt and equity financing and was handled by Goldman’s Principal Strategic Investments Group, rather than Goldman’s venture capital arm, Sonatype CEO Wayne Jackson explained. Although this… Read More
from TechCrunch
Cisco announced today it was buying Jasper Technologies, a company that sells an Internet of Things cloud platform, for $1.4 billion. With Jasper, Cisco gets a company that understands the burgeoning Internet of Things market. While IoT is term bandied about quite a bit, it simply means connected machines talking to one another over the internet. This could be industrial automation equipment on… Read More
from TechCrunch
Online real estate site Zillow today announced that it has acquired Naked Apartments for $13 million in cash. While the name makes it sound like some kind of kinky cleaning service, it’s actually an apartment rentals platform with a focus on New York City. The acquisition is expected to close in the next few weeks. This marks Zillow’s fifth consumer brand acquisition and the… Read More
from TechCrunch
Another European startup exits to an American tech giant. Predictive keyboard app maker SwiftKey, based in London, confirmed today it has sold to Microsoft. Sources put a price-tag of $250 million on the deal, although neither SwiftKey nor Microsoft are confirming a figure. Read More
from TechCrunch
Cambridge-based Elemental Machines is a software simulator startup made for the wet lab that hopes to reduce time and costs associated with drug research through data. It uses data gleaned in the lab to improve experimental reproducibility through simulation and Founders Fund (via FF Angel) thought that a novel enough idea to give Elemental Machines $2.5 million in seed funding. Founders… Read More
from TechCrunch