Month: September 2017

India-based OYO, a startup that pioneered and popularized the concept of budget hotel networks, has closed $250 million in new funding led by SoftBank’s Vision Fund. The startup was founded in 2013 by Thiel Fellow Ritesh Agarwal, now aged 24, and the concept centers around standardizing the quality of India’s wildly differentiated affordable hotels, and providing
0 Comments
Essential is that rarest of rare breeds in tech: A startup focused on building not just hardware, but a category of hardware that is dominated by two of the most comfortably secure leading companies in any industry. Still, Essential saw something missing in the now very mature smartphone market, and led by Android creator Andy
0 Comments
The company formerly known as Google — before it rebranded its “collection of companies” to Alphabet, in 2015, turning the main ad revenue business into a corporate unit wholly-owned by the parent entity — looks to have finally completed this process of business reorganization by forming a new holding company, called XXVI Holdings Inc. Bloomberg
0 Comments
As outsized ridesharing companies like Uber and Lyft continue to build out their taxi-style marketplaces largely based around connecting individual passengers to individual drivers, a startup focused squarely on the carpooling opportunity has raised a large round of funding to expand outside of the U.S. Via — which has developed a shuttle-based carpooling service that
0 Comments
Habito, a London startup that is bringing the entire mortgage process online, has raised £18.5 million in Series B funding. Atomico, the European VC firm founded by Skype’s Niklas Zennström, led the round, with participation from existing investors Ribbit Capital, Mosaic Ventures, and Revolutionary (Ad)Ventures. It brings the total raised by the U.K. company to
0 Comments
As Tropical Storm Harvey made its second landfall near the border of Louisiana and Texas this week, New Orleans marked the 12-year anniversary of Hurricane Katrina. In the intervening years since those storms, the nation has been continually pummeled by “historic” climatological events. While the country has been taking this beating from Mother Nature, the
0 Comments
Startups rise and startups fall. 2017 has seen some prominent startups go under. From Jawbone to Beepi to Yik Yak, these companies raised major cash before they ultimately shut their doors. What follows are 10 of the best-funded companies to close in the first nine months of 2017. Together these companies raised a combined $1.7
0 Comments
Alex Wilhelm is the editor-in-chief of Crunchbase News and co-host of Equity, TechCrunch’s venture capital-focused podcast. More posts by this contributor: In a pleasant Friday surprise, Roku dropped its S-1 document today, detailing its financial performance and corporate strategy. The filing indicates that the company intends to raise $100 million in its debut. The figure
0 Comments
Roku has filed for an initial public offering and is looking to raise up to $100 million. The company will be listed on the NASDAQ appropriately under the ticker of ROKU. We reported in July that Roku was planning an IPO in 2017. Roku has been able to capitalize on the cord-cutting trend, where many
0 Comments
It sounds like America’s favorite $400 juice machine will be no longer. “After selling over a million Produce Packs, we must let you know that we are suspending the sale of the Juicero Press and Produce Packs immediately,” reads the company blog post. Juicero will also be giving people money back. “For the next 90
0 Comments
Twitter bots – robots that interact with humans – have a long history. The Twitter API is fairly easy to use (I made a bot that plays Zork with a friend two years ago) and there is little protection against creating new accounts automatically. This ease of use used to be great for programmers but
0 Comments