Zumper, the online apartment search platform, has raised $17.6M in Series B funding. This brings total funding to date to $39.2M. While the company declined to discuss valuation, TechCrunch has learned that it’s just north of $100M post-money. The round was led by Jim Breyer’s firm Breyer Capital and Foxhaven Asset Management, and included follow-up funding from existing… Read More
from TechCrunch
SafetyCulture, the maker of a b2b inspection checklist app called iAuditor, has pulled in a $23 million Series B funding led by Index Ventures. Also participating Blackbird Ventures and Atlassian co-founder Scott Farquhar, who led its Series A round in 2014. Read More
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Razer, the company that develops hardware and services for gamers and the world of gaming, has made an acquisition to catapult it to more platforms and more people: the company has acquired THX, the legendary audio and video quality assurance company that was originally founded by George Lucas as part of LucasFilm. Razer’s CEO Min-Liang Tan said in an interview that the terms of… Read More
from TechCrunch
A Chicago-based startup called Snapsheet has raised a Series C round of $20 million to make life easier for people who have been through a car crash.
The company’s cloud-based software is used by auto insurance providers to guide users through a photo- and information-gathering process on the scene of an accident. It is basically white labeled as a mobile app for each auto insurance… Read More
from TechCrunch
CoreOS today announced that it has hired the founders of Redspread, a Y Combinator-incubated company that helps enterprises deploy their software on Kubernetes container clusters, and that Redspread’s open source tools are now part of the CoreOS family.
In its announcement today, CoreOS simply said that Redspread is “joining” CoreOS. Even after repeated prodding, the… Read More
from TechCrunch
It was long-rumoured that Sebastian Diemer, who co-founded credit scoring and loans company Kreditech, was doing another startup in the fintech space and today that new venture de-cloaks. Bezahlt.de, which, along with Diemer, counts numerous other ex-Kreditech employees as part of its founding team, is taking aim at the German ‘factoring’ market. Read More
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Joining the likes of Kibo Ventures, Seaya Ventures, Nauta Capital, and JME Ventures, Spain has a new VC on the block. K Fund is a €50 million fund that will invest in Spanish startups with an international outlook, making lead investments at both the seed and Series A stages, writing checks of between €100,000 to €2 million. I’m also told it will do follow-on rounds with a maximum… Read More
from TechCrunch
Japanese telecoms firm SoftBank recently acquired British microchip manufacturer ARM Holdings. ARM’s shareholders approved the $32 billion deal at the end of August, and the company was delisted from the London Stock Exchange on September 5. The deal represents the largest acquisition of a European technology company. Ever. Read More
from TechCrunch
The IPO market is poised to make an almost complete 180° turnaround after a bleak Q1 and a very quiet summer. In contrast, venture capital investments, which had recalibrated alongside the IPO market in the second half of last year, have remained sedate, with a clear flight to quality; fewer rounds, for higher quality companies, with larger check sizes. Read More
from TechCrunch
Earlier this year, it was reported that Naspers, the media and internet holding company, was planning to sell off Allegro, its online auction business based in Poland, and today the deal finally came to pass. A consortium of private equity firms that includes Cinven, Permira and Mid Europa have bought the firm for $3.253 billion. The deal was made after earlier reports pegged eBay, Alibaba… Read More
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