Meal delivery business Blue Apron opened for trading at $10 per share on Thursday, significantly below the originally proposed range of $15 to $17. It’s also flat compared to the $10 they priced it at last night, meaning the IPO investors have yet to reap any gains. The market will be watching Blue Apron’s first day of trading closely. Most companies “pop” on the first… Read More
from TechCrunch
Pray.com, an interfaith mobile app that helps religious leaders keep in touch with their congregants, will grow its team after receiving $2 million in seed funding. The round was led by Science Inc., an accelerator whose portfolio also includes Dollar Shave Club and DogVacay, with participation from Greylock Partners and Spark Capital. Read More
from TechCrunch
Kinetica’s roots as a company go back to a 2009 consulting project for US intelligence services. When they couldn’t find a solution on the market to meet the strict demands of the army and NSA to track terrorists in real-time, they decided to build it. Today, it’s an in-memory database solution that runs on commodity hardware running Nvidia GPUs to supercharge the processing.… Read More
from TechCrunch
Swedish digital healthcare startup KRY has closed a €20 million ($22.8M) Series A round of funding to grow its on-demand video-call-a-doctor business, including expanding into new markets. Existing investors Index Ventures, Creandum and Project A also participated in the round. Read More
from TechCrunch
Glooko, a startup selling data management healthcare service on top of a device-agnostic platform to make it easier for doctors to remotely monitor patients, has pulled in $35 million Series C funding. It had previously raised $20 million, bringing the total up to $55 million. The startup was shy about how many were using the platform last time TechCrunch wrote about the company. But it… Read More
from TechCrunch
LendUp has built business providing personal loans to customers that traditional financial institutions wouldn’t touch. As it looks to expand into credit cards and other services, the company has raised some strategic funding from PayPal and also has expanded its executive ranks. Read More
from TechCrunch
Ah, another day, another stealth mobile gaming startup getting funded by Shakira. LA-based Wonder announced today that it has closed a Series A round of funding. The startup is building what it claims to be a new breed of “VR-ready” gaming hardware in secret, but seems to have been gesturing loudly about just how secret it is. Read More
from TechCrunch
Alibaba is doubling down on Southeast Asia after it paid close to $1 billion to raise its stake in e-commerce firm Lazada from 51 percent to 83 percent. The Chinese firm made an initial $1 billion investment in April 2016 at a valuation of $1.5 billion — this second deal raises that valuation to $3.15 billion, Lazada disclosed. The deal sees Alibaba buy shares from existing backers… Read More
from TechCrunch
For anyone who’s ever wanted to break a lease, but felt trapped by their contract, Flip has the service for you. The company, which allows users to sublet or get out of their lease, has just raised $2.2 million in new financing to grow its business and is looking to expand beyond its suite of offerings to renters in San Francisco, Los Angeles and New York. Read More
from TechCrunch
Keith Horwood wants to be known in tech circles as an agent for good, and he seems to be working toward that end with StdLib, his roughly two-year-old startup that abstracts away infrastructure using “serverless” architecture, allowing developers to write everything from simple functions to complex business logic, then deploy their code as scalable, fully documented web APIs. Read More
from TechCrunch