Fundings and Exits

German insurance giant Allianz is following Google and Tencent by backing Go-Jek, the Indonesia-based ride-hailing and local services company valued at over $4.5 billion, after it announced an investment. The money comes from Allianz X, the firm’s digital investment arm, which confirmed it put in $35 million in what is its first deal in Southeast Asia. The
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Liberis, the London-based fintech that provides finance for small businesses, has raised £57.5 million in new funding to help support the company’s growth. The alternative finance provider makes loans against a company’s future credit and debit card sales. The majority of the new capital being raised by Liberis is debt, which in turn will enable
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It’s April, that means tax returns for people in the U.S. very soon. Given the breakout year that crypto had in 2017 — despite prices cooling down in recent months — and well-intended individuals might be thinking about whether to file taxes based on gains they enjoyed from bitcoin or other cryptocurrencies. It’s good timing, then,
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Cambridge, U.K.-based startup Spectral Edge has closed a $5.3M Series A funding round from existing investors Parkwalk Advisors and IQ Capital. The team, which in 2014 spun the business out of academic research at the University of East Anglia, has developed a mathematical technique for improving photographic imagery in real-time, also using machine learning technology.  As we’ve reported
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City Pantry, the office catering marketplace to make it easy to order in food for staff, company events and meetings, has restocked its funding. The London-based startup has raised a new £4 million round led by Octopus Investments with participation from existing investors and Newable Private Investing — capital it plans to use to expand
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Bitmovin, the online video software and infrastructure company founded by two of the creators of the MPEG-DASH video streaming standard, has raised $30 million in Series B funding. The round is led by Highland Europe, with participation from existing investors Atomico, Constantia New Business, Dawn Capital, and Y Combinator. The company says the new round
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Japanese crypto exchange Coincheck, made famously after hackers made off with more than $400 million in digital token NEM, has been acquired. The company announced today (in Japanese) that Tokyo-based online brokerage Monex Group will buy it in full. The transaction will see Coincheck become a wholly owned subsidiary of Monex. The deal is a reaction of the
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Redpoint Ventures has hired Annie Kadavy as its first female general partner. She’ll be on the early stage investment team. Kadavy has a background in venture capital, having spent several years at CRV. Most recently, she ran strategic operations at Uber’s freight division. She also has an M.B.A. from Stanford University Graduate School of Business.
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Careship, the German marketplace for in-home senior care, has raised €6 million in further funding. The round is led by Creandum, the European early-stage investor best known for being an early backer of Spotify, and will be used by the Berlin startup to further expand nationally. In addition to Creandum, European ‘impact’ investor Ananda Ventures
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Comet.ml allows data scientists and developers to easily monitor, compare and optimize their machine learning models. The New York-based company is launching its product today, after completing the TechStars-powered Amazon Alexa Accelerator program and raising a $2.3 million seed round led by Trilogy Equity partners, together with Two Sigma Ventures, Founders Co-Op, Fathom Capital, TechStars Ventures
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Singapore-based smart lock maker Igloohome has closed a $4 million Series A round. The investment was led by Insignia Ventures, the new firm started by ex-Sequoia venture partner Yinglan Tan. Phillip Private Equity, X Capital Ventures, K3 Venture’s Kuok Meng Xiong, angel investor Koh Boon Hwee, and existing backer Wavemaker Partners also took part. The company is
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As the e-commerce industry continues to explode, one startup that’s benefiting is Boston-based 6 River Systems. The business, which builds robots that speed up production in warehouses, has raised $25 million in Series B financing in a round led by Menlo Ventures, with participation from Norwest Venture Partners, Eclipse Ventures and iRobot. 6 River says it
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Meituan Dianping, the fast-growing Chinese firm valued at $30 billion, is buying Mobike, a Chinese startup that helped pioneer bike-sharing services worldwide, in a major piece of consolidation. The deal was heavy rumored yesterday and TechCrunch has today confirmed with two sources that it has been concluded at a price of $2.7 billion. TechCrunch understands
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Singapore’s competition agency last week opened an investigation into Grab’s acquisition of Uber’s Southeast Asia, and now authorities in the Philippines and Malaysia are following suit by looking closely at the deal. From The Philippines Competition Commission: The Grab-Uber acquisition is likely to have a far reaching impact on the riding public and the transportation
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The rumors are true, India’s Uber rival/potential-future-M&A-buddy Ola has acquired transportation startup Ridlr in an undisclosed deal. Mint reported the imminent transaction last week, describing it as a fire sale, and today Ola confirmed the deal. The terms are undisclosed so you can make of that what you will. Update: A source with knowledge of
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