Categories Fundings & Exits

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Online marketplace OfferUp raises $120M, acquires top competitor letgo

OfferUp, a top online and mobile marketplace app, announced this morning it’s raising $120 million in a new round of funding led by competing marketplace letgo’s majority investor, OLX Group, and others. As a part of the deal, OfferUp will also be acquiring letgo’s classified business, with OLX Group gaining […]

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Looking back at Zoom’s ascent a year after it filed to go public

Zoom, a video chat service then popular with corporations, filed to go public on March 22, 2019. Best known in venture and corporate circles, Zoom was far from a household name at the time. However, the groundwork for its 2020-era consumer breakthrough during the novel coronavirus epidemic was detailed during […]

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Quantum Machines raises $17.5M for its quantum orchestration platform

Quantum Machines, a Tel Aviv-based startup that is building both hardware and software to operate quantum computers, today announced that it has raised a $17.5 million Series A funding round. The round was led by Israeli tech entrepreneur Avigdor Willenz, who, among other companies, co-founded Habana Labs and Anapurna Labs […]

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The Dow and S&P near three-year lows, Nasdaq falls as well, and treasuries are no haven

It was another brutal day on Wall Street as investors continue to come to grips with the new economic realities imposed by the COVID-19 outbreak in the U.S. Both the Dow Jones Industrial Average (DJIA) and the S&P 500 are scraping near their lowest point in the last three years, […]

To make locks touchless, Proxy bluetooth ID raises $42M

We need to go hands-off in the age of coronavirus. That means touching fewer doors, elevators, and sign-in iPads. But once a building is using phone-based identity for security, there’s opportunities to speed up access to WIFI networks and printers, or personalize conference rooms and video call set-ups. Keyless office […]

Desperate to exit, a $10B price tag for Magic Leap is crazy

Augmented reality headset maker Magic Leap has struggled with the laws of physics and failed to get to market. Now it’s seeking an acquirer, but talks with Facebook and medical goods giant Johnson & Johnson led nowhere according to a new report from Bloomberg’s Ed Hammond. After raising over $2 […]

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Alma is a Klarna-like payment startup that lets you buy now and pay later

Meet Alma, a French startup that helps you offer a new payment option for your expensive goods. Like Klarna, clients can choose to pay over three or four installments. But the comparison stops here, as Klarna isn’t available in France. Alma just raised a $14.1 million (€12.5 million) funding round. […]

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Monograph, developer of project and cost management software for architects, raises $1.9 million

Monograph, a startup working on cloud-based software that makes project and cost management easier for architects, announced today that it has raised $1.9 million in seed funding. The round was led by Homebrew Ventures and Parade Ventures, with participation from Designer Fund, Hustle VC and angel investors. The San Francisco-based […]

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New funding round values catering marketplace Hungry at $100M+

Hungry, a catering marketplace that connects businesses with independent chefs, announced this week that it has raised $20 million in Series B funding. Hungry tells me that the funding valued the company at more than $100 million (pre-money). The investors were also pretty impressive: The round was led by Evolution VC […]

Pex buys Dubset to build YouTube ContentID for TikTok & more

Social networks are in for a rude copyright awakening. A new European Union law called Article 17 essentially eradicates safe harbor and requires that they’ve made their “best effort” to get licenses from rights holders for all content on their platform. If a user uploads a video with a popular […]