It has been another busy week for the startup space. Dell made the headlines when it announced its intention to acquire EMC for $67 billion, the biggest deal in tech history, while Condé Nast acquired Pitchfork Media and online credit startup Kabbage raised $135 million and tripled its credit line to $900 million. Closer to home, Wellington-founded virtual reality startup 8i raised a $13.5 million (NZ$20 million) Series A round, and daily fantasy sports platform Moneyball raised $1.8 million.
Peer-to-peer and B2C marketplace for space startup, Spacer has announced today that it has closed a $1 million funding round from angel and private investors to support its Australian launch.
Another busy week in the startup space has seen music discovery service Pandora acquire TicketFly, Apple acquire artificial intelligence startup Perceptio, and Impossible Foods raise $108 million to create plant-based foods like burgers that still taste like meat. Closer to home, Canva raised a US$15 million Series A and Mad Paws raised AU$1.1 million.
This morning, Sydney-based Mad Paws, a fast-growing marketplace for pet services, has raised $1.1 million in an oversubscribed funding round. Investors that contributed to the round include Macdoch Ventures, cofounder of HotelsCombined Michael Doubinski, Commonwealth Bank Group Executive Matt Comyn and Managing Director of Amazon Web Services Paul Migliorini.
Design platform Canva today announced a USD$15 million Series A round of funding to continue expanding its platform, which is now used by more than five million marketers, designers and small business owners. This latest round of capital brings the total amount raised by the Sydney-based startup to USD$27 million and gives it a valuation of USD$165 million.
It has been another busy week, with German media giant Axel Springer acquiring an 88 percent stake in Business Insider for $343 million and Google acquiring Jibe Mobile. A number of FinTech startups raised funds this week, including German company Kreditech, and online lender Social Finance, which raised $1 billion. Closer to home, Melbourne FinTech startup Clover raised over $1 million.
It’s been another big week for the global startup space, with Credit Mututel Arkéa acquiring French FinTech startup Leetchi, CloudFlare raising $110 million, and Blue Jean Networks raising $76.5 million. Closer to home, Readify acquired Huegin Consulting and Reffind acquired WooBoard, while SafetyCulture raised a $6.1 million Series A round and MedTech startup CliniCloud raised $5 million.
It’s been yet another big week for the global startup space, with News Corp set to acquire Unruly, Snapchat acquiring Looksery, and makeup subscription box service ipsy raising $100 million. Closer to home, ASAP merged with its rival Ketings, and Crowd Mobile is set to acquire Dutch company Track Holdings.
It has been another busy week for the global startup space, with IBM acquiring StrongLoop and Microsoft acquiring cloud security provider Adallom, while Okta raised $75 million and French ridesharing startup BlaBlaCar raised $160 million. Closer to home, WattBlock raised a $500,000 seed round, Stackla raised $3 million, and Better Caring raised a $2.3 million Series B round.
It’s been a busy week for acquisitions and funding news across the global startup space, with AOL acquiring Kanvas Labs and Millennial Media to boost its mobile offerings, Microsoft acquiring VoloMetrix, and enterprise security startup Tanium raising $120 million. Closer to home, online small business lender Prospa raised a $60 million Series B round, while MoneyBrilliant raised $1.5 million from AMP.
It is no secret that Australia has a venture capital problem. However, it would be remiss to say there aren’t people within the startup ecosystem that are doing their bit to help solve that problem. Five years ago, Australians had no where near the amount of access to seed capital as they do today; and though it is still early days, the access to Series A capital is beginning to improve.
At the end of another busy week across the startup space, home design community Houzz has acquired GardenWeb, investment management firm BlackRock has acquired online financial advisory startup FutureAdvisor, and learning platform Coursera has raised $49.5 million. Closer to home, EnergyTech startup carbonTrack raised $2 million and Adelaide accounting startup Accodex raised $180,000 in seed funding.
carbonTrack allows users to track their energy use in their homes and pinpoint their biggest areas of cost and energy consumption. The application also allows its users to turn appliances on and off via their mobile phone no matter where they are in the world, helping them manage their usage in a more productive and effective manner.
It’s been another busy week around the startup space in terms of acquisitions and funding. A week after sinking $200 million into Vox Media, NBC Universal has invested another $200 million in BuzzFeed, Kik has raised $50 million from Chinese giant Tencent, and fantasy sports startup FanDuel has acquired NumberFire. Closer to home, SwatchMate raised $1 million and rebranded to Palette, and Swift raised $675,000.
At the end of another week, Alibaba has signalled its intentions to acquire a 20 percent stake in Chinese electronics chain Suning for $4.6 billion, Startups.co rescued virtual assistant startup Zirtual, and Vox Media got a $200 million investment from NBC Universal. Closer to home, Sydney on-demand cleaning startup WHIZZ raised $2 million.