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Delivery company DoorDash is announcing that it has raised $400 million in Series F financing. Earlier this month, The Wall Street Journal reported that the company was looking to raise $500 million at a valuation of $6 billion or more. In fact, DoorDash now says the funding came at a $7.1 billion valuation. The round …
February 21, 2019 | by RaheelVisual search engine Pinterest has joined a long list of high-flying technology companies planning to go public in 2019. The business has confidentially submitted paperwork to the Securities and Exchange Commission for an initial public offering slated for later this year, according to a report from The Wall Street Journal. Pinterest declined to comment. Founded …
February 21, 2019 | by RaheelScooter share, bike share and ride hailing are quickly becoming staple commodities in cities all over the world. As companies in those respective spaces try to improve their economics, Zoba is aiming to contribute to those goals by predicting demand for scooters, bikes and, eventually, rides in particular areas. To support Zoba’s mission, the company …
February 21, 2019 | by RaheelFlexport, a 5.5-year-old, San Francisco-based full-service air and ocean freight forwarder, says it has raised $1 billion in fresh funding led by the SoftBank Vision Fund. Earlier backers of the company, including Founders Fund, DST Global, Cherubic Ventures, Susa Ventures and SF Express, all participated in the round, which reportedly pegs the company’s post-money valuation …
February 21, 2019 | by RaheelPersonal homepage startup About.me has been acquired. Again! The company, once bought by AOL for a reported $35 million, decided a couple years after the deal to go it alone, and spun About.me back out to become an independent company. Today, About.me announced it’s being acquired by the Oakland-based startup Broadly. About.me founder and True …
February 21, 2019 | by RaheelA new streaming startup called Loop Media is announcing its first acquisition — a 30-year-old company called ScreenPlay. While you may not have heard of ScreenPlay, the company has licensed a library of 200,000 music videos and movie/game/TV trailers, which it broadcasts in thousands of venues for partners like Hard Rock Cafe, Norwegian Cruise Line, …
February 21, 2019 | by RaheelWhen I interviewed Parrot founder and CEO Henri Seydoux at TechCrunch Disrupt back in 2016, he surprised everyone when he said he was working on a new kind of T-shirt — nobody knew for sure whether he was joking or not. But the connected T-shirt is real, and it’s called wearTRBL. While the project started as …
February 21, 2019 | by RaheelPowtoon, an online platform that allows its users to easily create videos for digital marketing, YouTube ads or business presentations, today announced that it has acquired Tel Aviv-based Showbox.com, a cloud-based video-editing platform for amateurs that had raised $12.4 million before this acquisition and currently holds six video technology patents. Powtoon, which says that it …
February 21, 2019 | by RaheelA company using advanced technologies to grow and harvest mealworms (larval beetles) at scale is on track to become one of the venture capital industry’s oddest billion-dollar investments. Ÿnsect, (pronounced ‘insect”) is a Paris-based producer of insect protein that has just closed on $125 million as the company looks to expand into North America selling …
February 21, 2019 | by RaheelThere’s plenty of speculation right now around apparently disgruntled investors in SoftBank’s Vision Fund, but the drum continues to beat and the checks continue to be written. The latest deal for the $100 billion mega-fund is Clutter, an on-demand storage company that pulled in $200 million in new financing for growth. Eagle-eyed viewers will recall that …
February 21, 2019 | by Raheel