Category: Fundings and Exits

Canada’s Corel is acquiring virtualization specialist Parallels in an all-cash deal

Some consolidation is afoot in the world of business software. TechCrunch has learned from multiple sources that Parallels, the virtualization software specialist with millions of users, is getting acquired by Corel, the Canadian company behind design apps like CorelDraw and productivity apps like WordPerfect. Employees at Parallels were briefed on

Enterprise messaging startup Eko Communications raises $20M for its European expansion

After focusing on Asian markets, particularly in Southeast Asia, Bangkok-based Eko Communications is getting ready to take on Slack, Microsoft Teams, and other enterprise messaging apps in Europe. The startup announced today that it has raised a Series B of $20 million and opened offices in London (which will serve

Wluper, a London-based startup building a better conversational AI, picks up $1.3M seed

Wluper, the London-based tech startup building a conversational AI to power knowledge-based voice assistants, has raised $1.3 million in seed funding. Leading the round is “deep tech” VC IQ Capital, with participation from Seedcamp, Aster, and Magic Pony co-founder Dr Zehan Wang. Founded in 2016 and originally backed by Jaguar

Movinga, the European house removals platform, raises further €15M

Movinga, the European house removals and relocation platform, has closed €15 million in further funding. The round was led by London-based growth investor ETF Partners, with participation from existing backers Santo Venture Capital, Earlybird, and Rocket Internet. The company says the new capital will support “further process automation”, the launch

Quantum Machines raises $5.5M to build control and operational layer for quantum computers

Quantum Machines, an Israeli startup launched by three Ph.D. physicists, wants to build the operational and control layer for quantum computing. Today, it announced a $5.5 million seed investment led by TLV Partners with participation from Battery Ventures. The three principals have been studying quantum computing for a decade and

Berlin-based Wind Mobility raises $22M for its e-scooter rental service

Wind Mobility, a Berlin-based mobility startup that offers “dockless” e-scooter (and electric bicycle) rentals, has raised $22 million in seed funding, throwing its hat into the ring as European competitor to Bird and Lime. It follows recent raises by Sweden’s VOI ($50 million Series A led by Balderton) and Germany’s

Autodesk agrees to buy PlanGrid for $875 million

Autodesk announced plans to acquire PlanGrid for $875 million today. The San Francisco startup helped move blueprints from paper to the iPad when it launched in 2011. This digitization of construction fits with Autodesk’s vision of digitizing design in general, and CEO Andrew Anagnost certainly recognized the transformational potential of the

Korean e-commerce firm Coupang raises $2 billion from SoftBank’s Vision Fund

Just days after a CIA report concluded that Saudi Crown Prince Mohammed bin Salman ordered the murder of journalist Jamal Khashoggi, SoftBank’s Vision Fund — the gargantuan investment vehicle anchored by a $45 billion investment from Saudi Arabia’s PIF sovereign fund — is back in check-writing action. Coupang, Korea’s largest e-commerce firm,

‘Cloud canteen’ startup Feedr raises £1.5M to provide office workers with a healthier lunch

Feedr, a food tech startup that delivers healthy and personalised meals to office workers as an alternative to companies setting up their own canteens, has picked up just over £1.5 million in pre-Series A funding. The round is led by London early-stage venture capital firm Episode 1. Also participating is

Lidar startup AEye raises $40M Series B led by the Taiwanese government’s investment firm

Lidar technology developer AEye will scale its operations globally through manufacturing partnerships after raising a $40 million Series B. The round was led by Taiwania Capital, the investment firm created and backed by Taiwan’s National Development Council, and includes returning investors Kleiner Perkins, Intel Capital, Airbus Ventures and Tychee Partners.

Lightfoot gets $4M to nudge more drivers to go smooth with a ‘Fitbit for cars’

U.K. car tech startup Lightfoot, which sells a telematics system that gives real-time feedback to drivers combined with a rewards platform to further incentivize good driving, has picked up £3.2 million (~$4M) from London-based early-stage venture fund BGF. Former Dyson CEO Martin McCourt also contributed to the investment, and will join

SparkLabs Taipei closes initial $4.25M for its first fund, adds Jeremy Lin as an advisor – TechCrunch

SparkLabs Taipei, part of SparkLabs Group, the global network of accelerator programs and funds that works with emerging startup ecosystems, has raised $4.25 million in an initial close led by CTBC Group, along with individual investors, for its first venture capital fund. SparkLabs Taipei also announced today that it has

Standard Cognition raises $40M to replace retailers’ cashiers with cameras – TechCrunch

The Amazon Go store requires hundreds of cameras to detect who’s picking up what items. Standard Cognition needs just 27 to go after the $27 trillion market of equipping regular shops with autonomous retail technology. Walk into one of its partners’ stores and overhead cameras identify you by shape and

Pirate Studios raises $20M from Talis Capital for its ‘self-service’ tech-enabled music studios – TechCrunch

Pirate Studios, the music technology company that operates fully automated and self-service 24 hour music studios, has secured $20 million. The investment was led by Talis Capital, the London-based VC family office. Talis was already an existing backer of Pirate Studios, with Talis’ Matus Maar also named as a co-founder

Loans marketplace Mintos scores €5M Series A and plans to launch a debit card – TechCrunch

Mintos, the Latvian fintech that operates a global loans marketplace to let you invest in loans from various loan originators, has raised €5 million in Series A funding. Backing the startup once again is the Riga-based venture capital firm Grumpy Investments (previously known as Skillion Ventures). More noteworthy, the new

Sustainable clothing startup For Days raises $2.8M for its closed-loop manufacturing process – TechCrunch

For Days, a clothing startup that wants to reduce the enormous amount of textile waste created annually, announced today that it has raised $2.8 million in seed funding. The round was led by Rosecliff Ventures joined by Collaborative Fund, with participation from Congruent Ventures, Third Prime Capital, Closed Loop Ventures,