Update: Telegram has now announced it’s pulled in over $1BN in debt financing by selling bonds. Founder Pavel Durov put out an update via his official Telegram channel after a press announcement earlier today had revealed the company had taken in $150M from Mubadala and Abu Dhabi Catalyst Partners by selling 5-year pre-IPO convertible bonds. […]
Significant funding news today for one of the startups making a business out of tapping huge, noisy troves of publicly available data across social media, news sites, undisclosed filings and more. Dataminr, which ingests information from a mix of 100,000 public data sources, and then based on that provides customers real-time insights into ongoing events […]
For patients and healthcare professionals to properly track and manage illnesses especially chronic ones, healthcare needs to be decentralized. It also needs to be more convenient, with a patient’s health information able to follow them wherever they go. Redbird, a Ghanaian healthtech startup that allows easy access to convenient testing and ensures that doctors and […]
ServiceNow became the latest company to take the robotic process automation (RPA) plunge when it announced it was acquiring Intellibot, an RPA startup based in Hyderabad, India. The companies did not reveal the purchase price. The purchase comes at a time where companies are looking to automate workflows across the organization. RPA provides a way […]
Orca Security, an Israeli cybersecurity startup that offers an agent-less security platform for protecting cloud-based assets, today announced that it has raised a $210 million Series C round at a $1.2 billion valuation. The round was led by Alphabet’s independent growth fund CapitalG and Redpoint Ventures. Existing investors GGV Capital, ICONIQ Growth and angel syndicate […]
Polish startup Tylko, a modular furniture company that employs Augmented Reality as part of its sales cycle, has closed a €22 million ($26m) investment Series C funding round, led by Israel-based Pitango Growth and Finnish Evli Growth Partners, following previous investors TDJ Pitango and Experior Venture Fund. Additionally, Brian Walker, former CEO of Hermann Miller, […]
Buying and selling residential real estate is a complex business, no matter where you live. A slew of startups in the United States are focused on streamlining that process for people. But in Brazil, where no MLS exists, the challenge of digitizing real estate is even greater. One startup that has set out to serve […]
Insuretech startup Counterpart, has raised $10 million in funding led by Valor Equity Partners. Also participating was Susa Ventures and Felicis Ventures. Counterpart works in the ‘management liability’ insurance market. Counterpart will also partner with Markel Specialty, a specialty insurance division of Markel Corporation, to offer its management liability insurance products. Insuretech startups like Oscar, […]
Digital identity services — used as a key link between organizations to verify that you are who you say you are online and individuals logging into those services — have come into their own in this past year. Now, one of the companies providing digital identity products is announcing a large round of funding, underscoring […]
According to the World Bank, more than one billion people in South and East Asia lack access to a bank account. For many, this makes it is difficult to secure loans and other services because they don’t have traditional financial records like a credit score. Jeff’s loan brokerage platform was created to make it easier […]
Sending money from the U.S. to Nigeria can be a painstaking process. For remittance platforms like Western Union, it will cost a transfer fee and take between one to five business days for money sent from a U.S. debit card to enter a Nigerian bank account. Crypto remittance platforms are rising to the challenge of […]
While much of the recent wave of relentless hype around NFTs — or non-fungible tokens — has been most visibly manifested in high-dollar art auctions or digital trading cards sales, there’s also been a relentless string of chatter among bullish investors who see a future that ties the tokens to the future of social media […]
Starting May 1, apps in China can no longer force users into providing excessive personal data, according to a document jointly released by a group of the country’s top regulators, the Cyberspace Administration, the Ministry of Industry and Information Technology, the Ministry of Public Security and the State Administration for Market Regulation. It’s a common […]
Nearly five years after the launch of Pokémon Go, Niantic announced Monday that they are partnering with Nintendo to co-develop a new title based on the company’s Pikmin franchise. Niantic says the app is being developed in their Tokyo office and will launch later this year. “The app will include gameplay activities to encourage walking […]
The music streaming arm of Tencent is further tightening its ties with the “big three” record label companies, its major licensing partners. Tencent Music Entertainment announced Tuesday that it has formed a new joint label with Warner Music Group, following similar deals with Universal Music Group in August 2020 and Sony Music Entertainment in early […]
Purplle, an e-commerce platform for beauty products in India, said on Monday it has raised $45 million in a new financing round as it looks to expand its presence in the world’s second largest internet market. The new round, a Series D, was financed by Sequoia Capital India and existing investors Verlinvest, Blume Ventures, and […]
Healthcare tech startup Ro has raised $500 million to help fuel continued growth of its hybrid telehealth/in-home primary care platform, which also includes a growing pharmacy business as the company pursues a strategy of vertical integration to optimize delivery and reduce costs for clients. The company’s latest raise is a Series D round, and means […]
Teamflow, founded by ex-Uber manager Flo Crivello, has raised an $11 million Series A just three months after raising a $3.9 million seed for its virtual HQ platform. The latest round in the startup was led by Battery Ventures, with Menlo Ventures leading its previous financing event. Teamflow’s raise comes just days after competitor Gather […]
Dispo is in the midst of a sexual assault controversy, Zoom introduces an SDK and Android owners will have to continue waiting for Clubhouse access. This is your Daily Crunch for March 22, 2021. The big story: Investors back away from Dispo After a recent story in Business Insider brought allegations to light that a […]
