Fundings and Exits

VCs continue to pump money into startups attempting to inject life into the legacy and lucrative insurance industry. The latest ‘insurtech’ company to pick up funding in the U.K. is Anorak Technologies, which is on a self-described mission to “build the world’s smartest independent insurance adviser,” starting with life insurance. The London-based startup has raised
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JD.com, the Chinese e-commerce firm that rivals Alibaba, has continued its expansion in Southeast Asia with an investment in Vietnam-based Tiki, a seven-year-old online retail service. JD.com is leading a Series C investment round in Tiki alongside VNG, the Vietnam-based online media and gaming company that is already an investor. The round itself is undisclosed, but
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Who needs Amazon when you can make your own online distribution channel? At least, that’s the idea behind Grove Collaborative, a natural home care products company that ships natural cleaning brands like Method and Mrs. Meyer’s. Co-founder Stuart Landesberg started the company in 2014 after working with retail brands during his time as an investor
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Grab, Uber’s main rival in Southeast Asia, is continuing to develop its mobile payment strategy after it announced the acquisition of India-based startup iKaaz. The deal — which is undisclosed — will see iKaaz’s engineering team join the Bangalore-based engineering office which Grab opened last year. The firm declined to say how many new recruits are
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Delivery logistics platform Bringg announced today it has raised another $12 million in Series B funding, bringing the total round to $22 million. The round, which follows the initial Series B from last spring includes new, strategic investment from automotive leader Dr. Shmuel Harlap, shipping and real estate magnate Eyal Ofer, and Salesforce Ventures. Previously, Bringg
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AngelList has expanded its syndicates program to India in the latest overseas move for the US crowdfunding platform. The launch comes some 18 months after we reported that AngelList had hired Utsav Somani to launch the service and develop its business generally in India, where it also offers its hiring product. Syndicates was launched in the
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Tech.co, an online platform and events organizer for startups, announced today that it has been acquired by digital marketing firm MVF. The deal’s terms were undisclosed. Tech.co originated from Tech Cocktail, which was created in 2006 by Frank Gruber and Eric Olson to connect the Chicago startup ecosystem by hosting regular events before accelerators and
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Leaning on its in-house life sciences expertise GV has backed another biotech startup in the UK, co-leading a £20 million ($27.1M) Series A in Oxford University spinout Vaccitech, which is developing a universal flu vaccine. Sequoia China, another new investor, is also co-leading the round, along with existing backer Oxford Sciences Innovation (OSI) — which operates a
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Never has there been more talk of innovation and yet more disappointment in the future than in the health care industry. AngelList shows almost a thousand startups just in the digital health space alone, and VCs invested $3.5 billion in digital health startups in just the first half of 2017 according to Rock Health’s industry
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Dropbox has filed confidentially for IPO, according to Bloomberg. TechCrunch has been hearing that the cloud company plans to go public in early 2018. The company did not respond to request for comment. The San Francisco-based business has been around since 2007 and there’s been speculation for years that it was getting closer to going public.
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Alphabet, the umbrella corporation of Google, Inc. etc., has quietly acquired a UK-based startup called Redux, reports Bloomberg. Redux was founded in 2013 out of Cambridge, and built technology that uses vibrations to turn surfaces of phones or tablets into speakers or provide haptic feedback. The acquisition is reflected on Crunchbase, and in confirmed transfer
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Sodexo, a French publicly-listed food services and facilities management company, has acquired a majority stake in Paris-based online restaurant and food delivery startup FoodChéri. Terms of the deal remain undisclosed, though François Paulus of Breega Capital, which backed the company’s €6 million Series A, tells me he is “happy with the return”. Founded in 2015
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The market for social media and collaboration services for enterprises — made popular by the recent, rapid growth and emergence of platforms like Slack, Facebook’s Workplace and Microsoft Teams — continues its hot streak. Today, Igloo Software, a Canada-based startup that has built a Jive-like platform that integrates other software for employees to communicate with each
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