Fundings and Exits

Facebook wants tbh to be its next Instagram. Today, Facebook announced it’s acquiring positivity-focused polling startup tbh and will allow it to operate somewhat independently with its own brand. tbh had scored 5 million downloads and 2.5 million daily active users in the past nine weeks with its app that lets people anonymously answer kind-hearted multiple-choice questions
0 Comments
Used-car marketplace CarGurus spiked more than 72 percent during its first day of trading. The Cambridge, Massachusetts-based company had raised more than $150 million after pricing its IPO at $16. By the end of trading Thursday, shares had gone up more than 72 percent, closing at $27.58. In a conversation earlier this morning with CarGurus
0 Comments
MioTech, a financial tech startup with offices in Hong Kong and Shanghai, has raised $7 million in Series A funding to develop artificial intelligence based software for investment managers. The round was led by Horizons Ventures, the private investment arm of Hong Kong business tycoon Li Ka-shing, with participation from returning investor Zhenfund. MioTech’s graph
0 Comments
Laundryheap is a London-headquartered laundry on-demand startup that has taken a different path to competitors such as Laundrapp and Rocket Internet’s Zipjet. Rather than raise VC funding, the company, which claims to already be break even and is operational in London, Birmingham, Manchester, Dublin and Dubai, has been entirely bootstrapped over the last three years.
0 Comments
Las Vegas-based data center operator Switch went public on the New York Stock Exchange today, under the ticker “SWCH.” After pricing its IPO above the proposed range at $17, the company closed at $20.73, up almost 22 percent. The company raised $531 million in its offering. Here’s how Switch describes itself in its filing: “We believe
0 Comments
The Honest Company, the five-year-old natural body and home care products company co-founded by the actress Jessica Alba, looks to be raising $75 million in new venture capital funding at $19.60 per share, according to a Delaware filing first spied by CBInsights and reported by Axios. The amount is a far cry from the $45.75 per share
0 Comments
Gobble, a 15-minute meal kit delivery service, has raised $15 million in Series B growth financing from Khosla Ventures, TechCrunch has confirmed. Khosla Ventures led the round, along with participation from previous investors A16z, Trinity Ventures and Initialized Capital. Gobble came out of Y Combinator in 2015, around the same time many DIY meal kit
0 Comments
Zefo, which bills itself as “India’s fastest growing used goods marketplace,” said today that it has raised $9.2 million in Series B funding. The round was led by returning investors Sequoia India and Helion Venture Partners, with participation by Beenext. Along with its Series A, which Zefo closed last year, and earlier funding, this brings
0 Comments
Curiscope, a U.K. augmented and virtual reality content startup, has raised a $1 million seed round led by LocalGlobe, the seed VC firm founded by Saul and Robin Klein. Ascension Ventures, Force over Mass, ustwo Adventure, and Richard Fearn also participated. The backing follows crowdfunding campaigns on Kickstarter and Indiegogo last year for the company’s
0 Comments