Sherpa Capital, the private capital fund run by Scott Stanford and Shervin Pishevar, has closed on $470 million and launched two new funds: Sherpa Ventures II, an early stage venture fund and a mid-stage fund called Sherpa Everest, bringing the total now raised up to $630 million.
The three-year-old venture firm backing startups like Uber, SpaceX and Hyperloop One (where Pishevar is a… Read More
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Mobile advertising company Smaato is set to become the latest technology startup to be acquired by Chinese investors, after the San Francisco firm announced that Beijing-based Spearhead Integrated Marketing Communication has agreed to buy it for $148 million. Read More
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Barcelona based TravelPerk, a business travel booking platform founded last year by a team of ex-Booking.com employees, has closed a $7 million Series A round of financing led by Spark Capital. Read More
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Tradeshift, the San Francisco-based startup that is trying to change the way companies work with outsourced clients, has announced its $75 million Series D round today. Read More
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Minneapolis-based startup When I Work, secured $15 million in a Series B round led by Drive Capital. Arthur Ventures and High Alpha also participated. This follows a $9 million Series A led by e.ventures, Greycroft Partners and Arthur Ventures, bringing the company’s total financing to date to $24 million. Read More
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Monster.com announced this morning it has acquired the San Francisco-based startup Jobr, which had been developing a job-finding app the company described as a Tinder for jobs, thanks to its use of swipe-based gestures. Deal terms were not disclosed, but Jobr had raised $2 million in seed funding in 2014. The app is not being shut down, but will rather be integrated with Monster’s… Read More
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Ginko Bioworks, the Boston-based biotech startup making all sorts of scents and flavors from microbugs, has pulled in $100 million in Series C funding to obtain 600 million base pairs of manufactured DNA – or what Ginkgo claims is the “largest amount of synthetic DNA ever purchased.” The startup plans to use the millions of genetic base pairs to test its production metal in… Read More
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Network virtualization specialist Midokura today announced it has raised a $20 million Series B round with participation from Japanese fintech company Simplex and existing investors like Allen Miner and the Innovation Network Corporation of Japan. With this round, Midokura’s total funding has now hit $44 million. As enterprises move away from expensive proprietary networking hardware… Read More
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Amazon plans to put $3 billion more into its Indian e-commerce site, said founder and CEO Jeff Bezos. The investment was announced Tuesday evening at the U.S.-India Business Council’s 41st Annual Leadership Summit in Washington D.C., where Bezos and other business leaders met with Indian Prime Minister Narendra Modi. Read More
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How do big businesses optimize IT-driven processes? Often by hiring management consultants to cast an expert eye over digital traceries and deliver recommendations for improving core operations like logistics and production. But Munich-based b2b SaaS startup Celonis reckons software can do a better job of flagging up areas where there’s room for business optimization. Its… Read More
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