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The venture-backed insurance world is more than the Lemonades and MetroMiles of the world. There’s more room in the industry for startups to shake things up. One such company, Cambridge-based Insurify, is out today with a new venture round that greatly expands its capital base. The startup, which had accepted just $6.6 million over two …
January 15, 2020 | by RaheelGrover, the Berlin-based startup that offers “pay-as-you-go” subscriptions to the latest consumer tech, including e-scooters, has closed a new “asset-backed” financing deal, topping up an existing debt facility with Varengold Bank to a total of €250 million. The additional capital will fuel the next phase of growth as the German company has entered scale-up territory. …
January 15, 2020 | by RaheelAnyline, the Vienna-based provider of optical character recognition (OCR) technology that developers use to build OCR functions into their websites and apps, has raised $12 million in Series A funding. The company has also unveiled plans for a U.S. expansion. Leading the round is Berlin-based VC firm Project A, with participation from Anyline’s existing investors, …
January 15, 2020 | by RaheelOviva, the health tech startup that provides a digital solution for Type 2 diabetes treatment in Europe, has raised $21 million in Series B funding. Leading the round is MTIP, with participation by new investor Earlybird, and existing investors AlbionVC, F-Prime Capital, Eight Roads Ventures and Partech. Oviva says the new capital will be used …
January 15, 2020 | by RaheelFor Silicon Valley’s potential startup millionaires, compensation packages staked on future promises of wealth are where the action is. But what happens when these employees get laid off or have to leave before an exit? When Wouter Witvoet left a startup that he had joined as employee #4, he felt relatively prepared, having set aside …
January 15, 2020 | by RaheelOne of the enduring truths of big companies is that they aren’t innovative. They are “innovative” in the marketing sense, but fail to ever execute on new ideas, particularly when those ideas cannibalize existing products and revenues. So it often takes a real competitor to force these incumbent, legacy businesses to evolve in any meaningful …
January 14, 2020 | by RaheelGoogle announced today that it is buying AppSheet, an eight-year-old no-code mobile-application-building platform. The company had raised more than $17 million on a $60 million valuation, according to PitchBook data. The companies did not share the purchase price. With AppSheet, Google gets a simple way for companies to build mobile apps without having to write …
January 14, 2020 | by RaheelFor the first time, this year Delta Air Lines had a large presence at CES. The carrier used much of its space to highlight the “parallel reality” screens developed by Misapplied Sciences and Sarcos Robotics, which brought its latest Guardian exoskeleton. At the show, I sat down with COO Gil West, an industry veteran with …
January 14, 2020 | by RaheelHello and welcome back to our regular morning look at private companies, public markets and the gray space in between. Today we’re continuing our series on companies that have reached the $100 million annual recurring revenue (ARR) threshold, or are about to. ExtraHop is the company of the day, a Seattle-based firm that deals with …
January 14, 2020 | by RaheelTradeshift — the startup which set out to disrupt the traditional arena of supply chain payments and marketplaces when it first appeared in 2008 — has today announced a new funding round of $240 million in equity and debt, raised from a combination of existing and new investors. The funding will be used to help …
January 14, 2020 | by Raheel