Enterprise messaging service Slack is raising a $250 million round at a $5 billion valuation, TechCrunch has confirmed. We’re hearing that SoftBank, Accel Partners and other existing investors participated.
The $250 million financing amount was reported by Bloomberg. Axios first had the names of the lead investors. Recode originally reported on a $500 million round last month, but… Read More
from TechCrunch
When SoftBank announced the first close of its $93 billion Vision Fund back in May, it was hard to understand how the company would even manage to deploy so much capital in an already saturated ecosystem. For starters, it seemed like a good idea to keep a running list of all Vision Fund investments for reference. We will update this list on a regular basis. Read More
from TechCrunch
The IPO market isn’t looking much more vibrant than last year, underscores a new survey. That could be discouraging for those who hoped a blah year would lead to a booming one. In fact, unless the fall is an especially active time for IPOs — and it might be — 2017 may well serve as one of the less memorable years in recent history. Read More
from TechCrunch
With its Stripe Connect product, Stripe wants to make it easier on-demand and marketplace businesses to not only process payments from their customers, but also make payments to contractors and vendors. In an effort to bolster the tax reporting tools available to them, the company has acquired long-term partner Payable. Read More
from TechCrunch
It’s hard raising money as a consumer packaged goods (CPG) company, but one startup wants to make it easier. CircleUp, which already helps consumer brands raise millions in equity financing, is now going to issue loans to help smaller CPG companies raise working capital and avoid cash crunches. Read More
from TechCrunch
We’ve entered the dog days of summer. For many, that means time on the beach, backyard barbecues and, if you’re like us, seeking out the blissful respite afforded by a solid air conditioning system. In the land of startups and venture capital, however, summer can mean something a bit different. Read More
from TechCrunch
When August Home raised its last big round nearly two and half years ago, the smart lock maker was targeting retail expansion. That’s still part of the plan for the company’s new $25 million Series C, but the real story of this latest round is increasing focus on its partnership program, August Access. The service has already made some headway in the rental market, counting… Read More
from TechCrunch
On the heels of announcing a fresh $70 million in funding led by Swedish investment firm Kinnevik AB, Betterment is launching a new messaging feature that will allow users to ask questions and get answers from its team of financial advisors. Read More
from TechCrunch
Since 2010, Marqeta has quietly established itself as the underlying tech provider for businesses that are looking to issue virtual and physical debit and credit cards to employees, partners and customers alike. As it looks to expand internationally and sign up customers around the globe, the company has taken $25 million in strategic investment from payments heavyweight Visa. Read More
from TechCrunch
Consumer robot maker iRobot is to acquire its largest European distributor, Robopolis, in a cash deal worth $141 million. The company said it’s signed a definitive agreement to acquire the privately-held, French company, with the acquisition expected to close in October 2017. Read More
from TechCrunch