Fundings and Exits

Dgraph is an increasingly popular open-source distributed graph database that uses a version of Facebook’s GraphQL as its default query language. Today, the company announced that it has raised $3 million in funding from Bain Capital Ventures, Atlassian co-founder Mike Cannon-Brookes, Blackbird Ventures and AirTree (this includes a $1.1 million seed round the company raised last year). The
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AxleHire, a last-mile logistics startup that facilitates deliveries for companies like HelloFresh, Freshly, Sun Basket, La Boulangerie and others, has raised $4.3 million from Acorn Pacific, RGA Ventures and others. AxleHire, which started back in 2015, is doing more than 150,000 shipments per month and bringing in $750,000 in monthly revenues. By April, AxleHire expects
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Airwallex, an Australia-based fintech startup that helps banks and businesses handle cross-border transactions at scale, has closed a $6 million investment ahead of a planned Series B next year. The new funding comes from Square Peg — a VC firm located in Melbourne, the same city as Airwallex HQ — which joins Tencent, MasterCard, Gobi Ventures and Sequoia
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Go-Jek, the company leading Uber and Grab in Southeast Asia’s largest market, has bagged a hattrick of deals to advance its mobile payment strategy. Indonesia-based Go-Jek revealed it has acquired offline payment firm Kartuku, payment gateway Midtrans and payment and lending network Mapan for undisclosed sums. The company started out in 2015 offering a ride-hailing service for motorbike
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In the eight years since Frederic Descamps and Jordan Maynard launched their last gaming startup, the industry they helped shape with A Bit Lucky now brings in more than $100 billion in revenues globally. Games like League of Legends and PlayerUnknown’s Battlegrounds have brought about a resurgence in gaming on personal computers. Indeed, user-generated content
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Boston biotech startup Ginkgo Bioworks has announced the raise of $275 million in Series D funding to build out its Bioworks3 production facility. The funding comes from previous investors Viking Global, Y Combinator’s Continuity Fund, Cascade Investment, Bill Gates, as well as new investor, General Atlantic. The company previously raised over $154 million, bringing the total
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Japanese company ispace has raised $90.2 million in a Series A funding round, an amount it’s calling the “largest ever” Series A in commercial space financing. The funding comes from Innovation Network Corporation of Japan, Development Bank of Japan, Tokyo Broadcasting System, Konika Minolta and others, and will help the company continue its progress towards
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Crowdfunding service and Kickstarter-competitor Indiegogo is now offering an ICO service alongside its partner, MicroVentures. The company will allow users to participate in SEC-complaint ICOs and, like its slow-burning equity crowdfunding service, will pick and choose startups that match certain exacting criteria. These tokens sales will be SEC complaint and the sales are performed within
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A who’s who of celebrities, investors and celebrity investors have come together to invest $47 million into Aspiration, the company launched by a former speechwriter for President Bill Clinton to challenge the traditional banking industry. For Andrei Cherny, Aspiration’s founder and chief executive, the company’s business is an inversion of the business model of the
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Immigrating to a new country is one of the most challenging experiences any person can face. In a single instant, your social networks, your ability to communicate, and your knowledge of how a society functions disappears, and nearly everything has to be learned from scratch. That extraordinary dislocation is one reason why ethnic enclaves exist
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Affirm, the platform that helps consumers find financing, is getting some financing of its own. The San Francisco-based company confirmed that it’s raising $200 million, led by GIC, a Singaporean sovereign wealth fund. Existing investors Khosla Ventures and Spark Capital are also participating. Affirm’s valuation is estimated to be between $1.5 billion and $2 billion,
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That didn’t toque too long! The Boring Company has now sold 30,000 hats to fund its hole-some mission, founder Elon Musk tweeted today. That’s double the sales Musk announced just three weeks ago. Production will be capped at 50,000 hats, so if the current momentum doesn’t fez out, trilby all gone soon. Over 30,000 hats
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Uber has struck a major deal in Southeast Asia after ComfortDelGro, Singapore’s largest taxi operator, announced [PDF] it has agreed to buy a majority share of the ride-hailing giant’s Singapore-based car rental business. The deal will see a joint venture valued at SG$642 million (US$474 million) established to run Uber’s Lion City Rentals subsidiary in Singapore. Comfort
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On-demand labor marketplaces have been around for decades on the internet. Paying someone to identify a cat using Amazon Mechanical Turk or hiring someone to program a quick website on Upwork is easy — post a job, select someone, pay a few bucks and you’re done. While hiring individuals is reasonably straightforward, building teams to
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PullRequest, a Y Combinator Summer 17 graduate, announced a $2.3 million seed round today led by Google’s new AI fund, Gradient Ventures. The Slack Fund, Fika Ventures, Defy Ventures, Lynett Capital, FundersClub and Joe Montana’s Liquid2 Ventures also participated. The company has been concentrating on providing code review as a service, a task that often gets
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