London-based Fever, an urban events discovery app-cum-entertainment events business with an online media arm that it uses as marketing megaphone and data-gathering lens on its community of users, has closed a $20 million Series C investment to expand into new markets across Europe and North America — and win more hipsters over to its own […]
View More Fever gets $20M to delight more hipsters with A/B tested Madhatter’s G&T partiesCategory: Accel Partners
With at least $1.3 billion invested globally in 2018, VC funding for blockchain blows past 2017 totals
Although bitcoin and blockchain technology may not take up quite as much mental bandwidth for the general public as it did just a few months ago, companies in the space continue to rake in capital from investors. One of the latest to do so is Circle, which recently announced a $110 million Series E round led by bitcoin […]
View More With at least $1.3 billion invested globally in 2018, VC funding for blockchain blows past 2017 totalsUiPath confirms $153M at $1.1B valuation from Accel, CapitalG and KP for its “software robots”
Last week, we reported that UiPath, a startup out of Romania building AI-based services for enterprises in the area of robotic process automation (RPA) — helping businesses automate mundane tasks in back-office IT systems — was about to close a big round, upwards of $120 million at a $1 billion-plus valuation. Today, the company is making it official (and officially… Read More
Global tech firms and investors are reshaping Latin America’s startup environment
Latin America is emerging as the new battleground for the global tech giants, and some of Silicon Valley and Asia’s biggest investors—from Sequoia Capital to SoftBank—are taking notice. International investment in Latin American startups has more than doubled since 2013, with 25 new investors entering the region in 2017 alone, including SoftBank, Didi Chuxing and… Read More
Another short-lived, overfunded startup is shutting down: Primary Data
A startup that’s operating in stealth mode raises an almost stunning amount of money before it releases a product. Investors write outsize checks to the outfit anyway because of the people involved in it, but before you know it, poof, the company is imploding, and the capital is gone. It’s a story that industry watchers know well at this point. Clinkle — the payments… Read More
Even the Most Interesting Man in the World couldn’t make Luma work as standalone company
Luma, a three-year-old, Atlanta, Ga.-based maker of smart WiFi routers, has been acquired by First Alert, a maker of smoke and carbon monoxide detectors that is itself a subsidiary of Newell Brands, a public company whose other holdings include Rubbermaid. Terms of the deal aren’t being disclosed, but Luma had attracted $22 million from investors, including Relay Ventures, Accel… Read More
Latin America’s Groupon Mafia
The founders of PayPal and its employees have produced many highly successful companies over the years. Often referred to as the “PayPal Mafia” because they’ve had such an impact on the startup ecosystem, this serial entrepreneur success story is reminiscent of a similar phenomenon taking place in Latin America. The story starts with another U.S. company, Groupon. Read More