Truphone, a mobile company based out of London that made a name for itself through low-cost international mobile voice and data plans, is taking a very big step forward in a strategy to catapult itself into the future of communications: the company has picked up a massive £255 million ($339 million), funding that it will use to retire its debt and double down on providing data connectivity… Read More
from TechCrunch
ForeScout Technologies has unveiled its IPO filing. This puts the network security company on track for a public debut that could happen as soon as late October. We reported in February that ForeScout had filed confidentially. The company had taken advantage of a provision of the JOBS Act which allows businesses to prepare to go public without added scrutiny in the months leading up to… Read More
from TechCrunch
Ex-500 Startups partners Elizabeth Yin and Eric Bahn want to focus on potential impact, not on whether or not founders have a degree from Stanford or some Ivy League school. Their goal with Hustle Fund, according to sources, is to level the playing the field for entrepreneurs in an industry where pedigree is not a good proxy for success. Hustle Fund ultimately wants to create a true meritocracy… Read More
from TechCrunch
In an industry that tends to concentrate its startup energy in Silicon Valley, Kryon defies convention. The robotics process automation (RPA) startup has its US headquarters in New Jersey. The location didn’t matter when it came to getting investment capital as the company announced a healthy $12 million Series A today. The round was led led by Aquiline Technology Growth (ATG) and… Read More
from TechCrunch
Digital streaming business Roku has soared in its public debut. After pricing its IPO Wednesday at $14 per share, Roku finished its first day of trading at $23.50, up nearly 68%. And by the end of Friday, Roku closed at $26.54, or up 90% in less than 48 hours. The company is now valued at about $2.6 billion. So this must be great news for the company, right? Well, sort of. Roku’s team… Read More
from TechCrunch
French startup Heetch has been around for quite a few years. Although things were running smoothly, the company had to start over mostly from scratch. In March 2017, a court in Paris ruled that Heetch had been illegally operating a transportation company. The startup is now rising from the ashes and raising $12 million to fund its new service. Read More
from TechCrunch
Alibaba has spent 2017 pushing its cloud computing business and now it is preparing to make its first major investment in a Western startup in the space.
The Chinese e-commerce giant has agreed to lead a €22.9 million ($27 million) investment in MariaDB, the European company behind one of the web’s most popular open source database servers, according to a source with knowledge of… Read More
from TechCrunch
Boston-based private equity shop Berkshire Partners announced this afternoon that it is acquiring Accela — a nearly 20 year old startup that sells regulatory management solutions to government clients. Accela has gone through a troika of CEOs in the last year. Previously acting CEO Mark Jung replaced Maury Blackman last October who had managed the company for about a decade. We… Read More
from TechCrunch
Angry Birds-maker Rovio Entertainment priced its IPO at 11.50 euros, at the top of its proposed range. It raises 30 million euros in proceeds.
This values the company a little above $1 billion, just half of the $2 billion the company was previously said to be hoping for. The company previously raised at least $42 million in venture funding from Accel, Atomico, Felicis Ventures and… Read More
from TechCrunch
Roku is off to the races since going public on the stock market. After pricing its IPO shares at $14, the digital content streaming company began trading at $15.78 per share Thursday morning. It’s now trading above $18, up about 30%. Bankers usually recommend that companies “pop,” in the debut, to make a good impression on public investors. But this can be hard to predict. If… Read More
from TechCrunch