Startups

Pinterest, the 11-year-old, San Francisco-based site known for the photos its users post about everything from wedding to beauty trends, has hired Goldman Sachs and JPMorgan Chase as lead underwriters for an IPO that it’s planning to stage later this year. Reuters first reported the news. TechCrunch sources have since confirmed the development. A Pinterest
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Despite a number of well-publicized hiccups, venture capitalists are betting another $500 million on health insurance provider Clover Health, TechCrunch has learned. Existing investor Greenoaks Capital led the round, according to the startup, which confirmed it was closing a new round of capital in the coming weeks. Clover Health has raised a total of $925 million
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Open Banking and PSD2 — groundbreaking regulation from the U.K. and European Union, respectively — set out to fix what politicians and civil servants perceived as a malfunctioning financial services market, evidenced most prominently by the banking crisis in 2008. It is also closely linked to the EU’s privacy directive GDPR, which aims to ensure
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Sapphire Ventures, formerly the corporate venture capital arm of SAP, has lassoed $115 million from new limited partners (LPs) to invest at the intersection of tech, sports, media and entertainment. A majority of the LPs for the new fund, called Sapphire Sport, have ties to the sports industry, from City Football Group, which owns English Premier League team
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When one food delivery startup fails, another gets funded. Chowbus, an Asian food ordering platform headquartered in Chicago, has brought in a $4 million “seed” funding led by Greycroft Partners and FJ Labs, with participation from Hyde Park Angels and Fika Ventures. The startup, aware of the challenges that plague startups in this space, says offering exclusive access to restaurants and eliminating
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MaaS Global, the company behind the all-in-one mobility app Whim, which offers a subscription service for public transportation, ridesharing, bike rentals, scooter rentals, taxis or car rentals, will be making its U.S. debut later this year. The company will choose its American launch city from Austin, Boston, Chicago, Dallas and Miami, according to Sampo Hietanen,
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Microsoft today announced that it has acquired Citus Data, a company that focused on making PostgreSQL database faster and more scalable. Citus’ open source PostgreSQL extension essentially turns the application into a distributed database and while there has been a lot of hype around the NoSQL movement and document stores, relational database — and especially PostgreSQL
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Yesterday, enterprise tech accelerator Alchemist announced a fresh $2.5 million in venture capital funding. Today, it presented its latest cohort of startups, 19 in total, to a jam-packed audience of investors. Alchemist invests $36,000 in companies with a revenue stream that come from enterprises, not consumers, with a bent toward technical founders. Its 20th cohort included
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Tamara Davison Contributor Tamara Davison is a British journalist reporting from Mexico. She has written for The i Newspaper and Entrepreneur as well as many regional newspapers worldwide, and she is the current editor of Aztec Reports. After spending eight months in an immigration facility in the United States, Abimael Hernandez made the tough decision
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Travis CI, the popular Berlin-based open source continuous integration service, has been acquired by Idera, a company that offers a number of SQL database management and administration tools for both on-premises and cloud applications. The move comes at a time where other continuous integration services, including the likes of Circle CI, seem to be taking
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Alchemist, which began as an experiment to better promote enterprise entrepreneurs, has morphed into a well-established Silicon Valley accelerator. To prove it, San Francisco-based Alchemist is announcing a fresh $2.5 million investment ahead of its 20th demo day on Wednesday. Juniper Networks, a networking and cybersecurity solutions business, has led the round, with participation from
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Communications satellites are multiplying year by year as more companies vie to create an orbital network that brings high-speed internet to the globe. Ubiquitilink, a new company headed by Nanoracks co-founder Charles Miller, is taking a different tack: reinventing the Earthbound side of the technology stack. Miller’s intuition, backed by approval and funding from a
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