Fundings and Exits

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. This week Katie Roof and I were joined by Mayfield Fund’s Navin Chaddha, an investor with early connections with Lyft to talk about, well, Lyft — as well as two bombshell news events in the form of an SEC fine for
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Tandem, the U.K. challenger bank co-founded by fintech veteran Ricky Knox, continues to be on a shopping spree. Following the purchase of Harrods Bank, the banking arm of the famous luxury British department store, the company is acquiring Pariti, a money management app that has garnered 95,000 users. Terms of the deal remain undisclosed, although
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Beijing-based, bike-sharing startup Ofo has raised $866 million in new financing led by Alibaba Group to fuel its expensive competition with Mobike, which is backed by Tencent, one of Alibaba’s biggest rivals. Ofo and Mobike are the two largest bike-sharing companies in China. Ofo claims that this is the largest amount raised in a round
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Salesforce is set to buy CloudCraze, an enterprise e-commerce solution built on its cloud-based customer relationship management platform. Based in Chicago, CloudCraze announced on its site that it’s signed a definitive agreement to be acquired by Salesforce. The deal’s financial details were not disclosed. According to Crunchbase, CloudCraze received $30.6 million in funding, including a
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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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