Fundings and Exits

Walmart continues to beef up its portfolio of digital brands, announcing on Friday that it had acquired Bare Necessities, an online retailer of lingerie, swimwear, hosiery and other intimates. Walmart declined to disclose the terms of the deal. The lingerie company, founded in 1998, will operate independently of Walmart. Over time, the e-commerce giant says
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Fresh off a $150 million round of funding, kids’ gaming platform Roblox is making its first acquisition. The company says it’s acquiring the small startup PacketZoom, bringing its team and technology in-house to help it improve mobile application performance as its platform expands further into worldwide markets. Founded in 2013, and based in San Mateo, California,
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On the heels of Apple this morning inking a $600 million deal to acquire IP, talent and licenses from Dialog Semiconductor in Europe, it has also confirmed another acquisition of a smaller startup in the region. Apple has purchased Spektral, a computer vision company based out of Denmark that has worked on segmentation technology, a
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French startup Skello just raised a $6.9 million funding round (€6 million) from Aglaé Ventures, XAnge, Jean-Baptiste Rudelle and existing investors Thomas Landais, Guillaume le Dieu de Ville and Gilles Blanchard. The startup is helping bar, restaurant and hotel managers keep track of all the shifts and staffing issues. Skello uses a software-as-a-service approach to
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Netlify wants to revolutionize the way developers build websites, abstracting away the web server and breaking web sites into microservices, making the process more like building a mobile application than a traditional website. Today, the company announced a $30M Series B investment to help continue to build on that vision. Kleiner Perkins led the round.
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Frontify, the Swiss startup that’s built a “brand management platform,” has raised a chunky $8.3 million in Series A funding. Leading the round is Blossom Capital, the new London-based venture capital firm co-founded by ex-Index and LocalGlobe VC Ophelia Brown. Frontify’s previous seed investors include Doodle co-founder Myke Naef, former Googler Thomas Duebendorfer, and Cédric
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Varjo Technologies, the Finnish startup that made a splash earlier this year with news it had developed a virtual reality headset capable of “human-eye resolution,” has raised $31 million in Series B funding. Leading the round is Europe’s Atomico, with participation from Siemens-backed venture capital firm Next47. Existing Series A investors EQT Ventures and Lifeline
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Photographer: Daro Sulakauri/Bloomberg According to a new study conducted by the Center for American Entrepreneurship and NYU’s Shack Institute of Real Estate, the US may be losing its competitive advantage as the dominant nucleus of the startup and venture capital universe.  The analysis, led by senior Brookings Institution fellow Ian Hathaway and “Rise of the Creative Class” author Richard
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Salesforce’s Marketing and Commerce Cloud is the company’s smallest division today, so to help beef it up, the company is making an acquisition to add in more features. Salesforce has acquired Rebel, a startup that develops interactive email services for businesses to enhance their direct marketing services: recipients of interactive emails can write reviews, shop and
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“Right now we’re in this Empire Strikes Back moment,” says Initialized Capital’s Garry Tan, referring to tech giants ruthlessly copying and competing with fresh ideas. “We think the startups represent the Return Of The Jedi.” It’s that willingness to stand up against incumbents and give founders their best shot at disrupting them that’s won Initialized
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Lingokids, the Madrid, Spain-based (and U.S. incorporated) edtech startup that helps children to learn a second language, has bolstered its balance sheet. The company has raised $6 million in Series A funding, and been awarded a $1.3 million grant from the European Union’s taxpayer funded H2020 programme, Leading the Series A is HV Holtzbrinck Ventures,
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This year’s rush of IPOs from Chinese tech companies has dominated headlines, but what’s more interesting is how quickly they got there. Traditionally, “going public” represented the gratifying culmination of sleepless nights and missed birthdays that went into building a company. The peak of a lengthy climb, where founders and VCs would finally see the
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They all started with the best of intentions. Formation 8 talked about bringing “smart enterprise” to the corporate world. Social Capital talked about how to “fix capitalism,” and Binary Capital wanted to “affect global behaviour change.” Rothenberg Ventures set out to “work on the biggest problems that change the world.” Young founding partners debuting change-the-world
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OYO, the India-based startup that operates a network of budget hotels, has pulled in $1 billion in new funding to grow its business in China and expand into other international markets. The majority of the funding — $800 million, to be exact — was led by SoftBank’s Vision Fund with participation from Lightspeed, Sequoia and Greenoaks Capital. OYO
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