Fundings and Exits

India’s Prime Venture Partners has refueled its tanks for more angel investing after it announced a new fund of INR 400 crore, or around $60 million. Started by three managing partners — serial entrepreneurs Sanjay Swamy, Shripati Acharya and Amit Somani — in 2011, this fund represents the third (and largest) investment vehicle for the firm. Its previous
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The Fabric, an early-stage investment company developing new infrastructure technologies, has raised $15 million for its third investment vehicle. Announced at the Montgomery Summit in Santa Monica, Calif., the new financing came from Verizon Ventures (the investment arm of TechCrunch’s parent company’s parent company) and March Capital Partners, a Los Angeles-based venture capital firm. The
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Fishbrain, the Sweden-made mobile app and social network for sport fishing, is disclosing $13.5 million in Series B funding. The round is led by B Capital Group, the VC fund founded by Facebook co-founder Eduardo Saverin, with participation from SoftBank Ventures Korea, and existing investors Northzone, and Industrifonden. The new cash injection, which brings total
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S&P Global announced today that it will acquire Kensho, a Cambridge, Massachusetts startup that has concentrated on artificial intelligence and analytics for big financial institutions. The total value of the deal is $550 million in a mix of cash and stock. Kensho, which counted S&P Global as a client/partner and an investor, launched in 2013 and
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The initial hype around bots — applications that run partly or entirely using natural language processing, machine learning, computer vision and other AI tech to help consumers ask and answer questions, buy things and get other stuff done — may have waned a bit, but a startup building the equivalent for the enterprise world, in
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Music streaming service Spotify is going public and it just unveiled its filing. The documents state that it is targeting a $1 billion IPO, but this is just a placeholder. The company actually plans to go public without the standard fundraising event. In other words, Spotify isn’t selling its shares on the stock market. Instead, the
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Enterprise health management startup Collective Health has added another $110 million to the coffers from existing high-profile investors such as Founders Fund and Alphabet’s investment arm GV, bringing the total now raised to a cool $230 million. The structure is partially a follow-on from a previously unannounced C-1 for $30 million and another $80 million in Series
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Kindred Capital, a London-based VC firm that has actually been up and running since 2015, is announcing that it has closed its first seed fund of £80 million, money it has already been deploying in around 20 tech startups throughout Europe over the last two years. Portfolio companies include FiveAI, which is building a software
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Triple, the Stockholm-headquartered marketplace for local travel experiences, has acquired competitor Local Guddy for an undisclosed sum. The deal sees Local Guddy founder Emre Semercioğlu become part of the Triple team as Head of Market Growth, while I understand it was part cash, part stock. The Turkish startup had previously raised a seed round in
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