After months and months of rumors it’s finally been confirmed that ride-hailing giant Uber is picking up its Middle East rival Careem in an acquisition deal worth $3.1 billion — with $1.7BN to be paid in convertible notes and $1.4BN in cash. Careem was founded as a ride-hailing rival to Uber in 2012 but has […]
View More Uber is paying $3.1BN to pick up Middle East rival CareemCategory: Fundings & Exits
Cross-border fintech startup Airwallex raises $100M at a valuation of over $1B
Australia-based Airwallex is the tech startup to enter the billion-dollar ‘unicorn club.’ The company announced today that it has closed a $100 million Series C round that values its business above $1 billion. Started in Melbourne in 2015 by four Chinese founders, Airwallex provides a service that lets companies manage cross-border revenue and financing in […]
View More Cross-border fintech startup Airwallex raises $100M at a valuation of over $1BSocial investment platform eToro acquires smart contract startup Firmo
Social investing and trading platform eToro announced that it has acquired Danish smart contract infrastructure provider Firmo for an undisclosed purchase price. Firmo’s platform enables exchanges to execute smart financial contracts across various assets, including crypto derivatives, and across all major blockchains. Firmo founder and CEO Dr. Omri Ross described the company’s mission as “…enabl[ing] our […]
View More Social investment platform eToro acquires smart contract startup FirmoOmers Ventures outs €300M European fund — Q&A with Managing Partner Harry Briggs
Omers Ventures, the venture capital arm of Canadian pension fund Omers, is officially launching a new €300 million fund aimed at European technology startups. Headed up by Harry Briggs, who was previously at BGF Ventures, Omers Europe will back companies at Series A to B stage. The new fund will typically invest between €5m-€10m per […]
View More Omers Ventures outs €300M European fund — Q&A with Managing Partner Harry BriggsAlibaba acquires Israeli VR startup Infinity Augmented Reality
Infinity Augmented Reality, an Israeli virtual reality startup, has been acquired by Alibaba, the companies announced this weekend. The deal’s terms were not disclosed. Alibaba and InfinityAR have had a strategic partnership since 2016, when Alibaba Group led InfinityAR’s Series C. Since then, the two have collaborated on augmented reality, computer vision and artificial intelligence […]
View More Alibaba acquires Israeli VR startup Infinity Augmented RealityPinterest drops its IPO filing
The visual search engine will go public on the NYSE under the ticker symbol “PINS” in an offering expected next month.
View More Pinterest drops its IPO filingZoom, a profitable unicorn, files to go public
Zoom posted $330 million in revenue in the year ending January 31, 2019, a remarkable 2x increase year-over-year
View More Zoom, a profitable unicorn, files to go publicIndonesia’s Kargo comes out of stealth with $7.6M from Travis Kalanick, Sequoia and others
Travis Kalanick may be busy cooking up a cloud kitchen business, but that hasn’t stopped the former Uber CEO’s VC fund from making its first investment in Southeast Asia. 10100, the firm that Kalanick launched last year for investments in Asia, just took part in a $7.6 million seed round for Kargo, an early-stage ‘Uber […]
View More Indonesia’s Kargo comes out of stealth with $7.6M from Travis Kalanick, Sequoia and othersKeatz, a European ‘cloud kitchen’ startup, raises further €12M
Keatz, one of a growing number of so-called “cloud kitchens” — delivery only restaurant brands running on the rails of Deliveroo and UberEats — has raised €12 million in new funding. Backing the round are existing investors Project A Ventures, Atlantic Labs, UStart, K Fund and JME Ventures, who are joined by RTP Global. It […]
View More Keatz, a European ‘cloud kitchen’ startup, raises further €12MAsia’s AnyMind pulls in another $8M and expands into outdoor advertising
Asia-focused marketing startup AnyMind Group has landed a further $8 million in funding to close out its Series B round and expand into new verticals. The company announced a $13.4 million raise back in November, but that has now expanded to $21.4 million thanks to an additional injection from VGI Global Media, a Thailand-based firm […]
View More Asia’s AnyMind pulls in another $8M and expands into outdoor advertisingGig workers need health & benefits. Catch is their safety net
One of the hottest Y Combinator startups just raised a big seed round to clean up the mess created by Uber, Postmates, and the gig economy. Catch sells health insurance, retirement savings plans, and tax withholding directly to freelancers, contractors, or anyone uncovered. By building and curating simplified benefits services, Catch can offer a safety […]
View More Gig workers need health & benefits. Catch is their safety netHoneyBook, a client management platform for creative businesses, raises $28M Series C led by Citi Ventures
HoneyBook, a customer-relationship management platform aimed at small businesses in creative fields, announced today it has raised a $28 million Series C led by Citi Ventures. All of its existing investors, including Norwest Venture Partners, Aleph, Vintage Investment Partners and Hillsven Capital, also returned for the round. Citi is a strategic partner for HoneyBook and […]
View More HoneyBook, a client management platform for creative businesses, raises $28M Series C led by Citi Ventures