Airtasker is tapping investors for more funds, seeking an additional $20.7 million just two months after raising $83.7 million during the company’s float on the ASX. The company (ASX: ART) is also spending A$3.4 million (US$2.6m) to acquire 10-year-old US services marketplace Zaarly, which has nearly 600,000 customers and 900-plus service providers, to accelerate its… Read more »
Spanish Uber competitor Cabify has raised $120 million in a Series C round, Medium has raised $50 million just a few months after its last raise, and Acorns has raised $30 million.
The Onion sells 40 percent stake for $200 million; Meituan-Dianping raises $3.3 billion; YourGrocer raises $600,000
It has been another busy week for deals across the global startup landscape. IBM has acquired live streaming platfrom UStream, while the parent company of satirical news site The Onion sold a 40 percent stake to a Spanish broadcaster for $200 million.
It has been another busy week around the global startup space. In Europe, Rocket Internet’s home interiors marketplace Home24 has acquired German competitor Fashion For Home, while Udacity has raised $105 million in a Series D round at a valuation of $1 billion and ClassPass has raised $30 million. Closer to home, Australian visual arts marketplace Bluethumb has raised $500,000 from the founders of AussieCommerce.
Activision Blizzard to acquire King Digital Entertainment for $5.9 billion; Handy raises $50 million; Shoeboxed Australia raises $775,000 angel round
Another busy week across the global startup world has seen gaming giant Activision Blizzard announce that it is set to acquire King Digital Entertainment, the makers of Candy Crush, for $5.9 billion, while Expedia is to acquire Airbnb competitor HomeAway for $3.9 billion. Closer to home, Shoeboxed Australia has raised $775,000 in angel funding, while invoice2go raised a $15 million Series C round.
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.
Pandora acquires TicketFly for $450 million; Canva raises $15 million Series A round; Impossible Foods raises $108 million
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.
Axel Springer acquires Business Insider for $343 million; Kreditech raises $92 million; Social Finance raises $1 billion Series E round
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 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.
Microsoft acquires Adallom; BlaBlaCar raises $160 million; Better Caring raises $2.3 million Series B round
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.
AOL acquires Kanvas Labs and Millennial Media; letgo raises $100 million; MoneyBrilliant raises $1.5 million
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.
FanDuel acquires NumberFire; Palette raises $1 million; BuzzFeed raises $200 million from NBC Universal
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.
Alibaba to acquire $4.6 billion stake in Suning; Startups.co acquires Zirtual; Vox Media raises $200 million
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.
IBM to acquire Merge Healthcare for $1 billion; Microsoft acquires Incent Games; HotDocs raises $2.2 million
After another busy week, a number of Australian startups have raised capital. iSeekplant raised $1 million, while Beat the Q Posse Group raised $5 million and HotDocs secured $2.2 million in a round led by AirTree Ventures. Also this week, Adidas acquired Austrian fitness startup Runtastic, and IBM acquired Merge Healthcare for $1 billion.
This week saw some big deals take place around the startup world, with messaging platform Viber acquiring Israeli social gaming startup Nextpeer, GitHub raising $250 million, and Dutch startup Catawiki raising $82 million. Closer to home, Brisbane startup GO1 has raised $1 million from Steve Baxter and Tank Stream Ventures as it prepares to graduate from Y Combinator’s Summer 2015 program.