Highland Europe, the European “growth-stage” technology investor, has closed a new €463 million fund, the firm’s third fund in just six years. Targeting “globally ambitious” European software and internet-enabled businesses, the VC typically writes initial cheques of between €10 million and €30 million. It says that startups seeking investment need to demonstrate that they have
Month: June 2018
Honk Technologies, a marketplace for towing services for consumers and insurance companies, has raised $18 million in a new round of funding a little over a year after inking a massive contract with the insurance company, Farmers. The investment was led by Altpoint Ventures, with participation from existing investors Structure Capital and Venture 51. The
Silicon Valley, for better and oftentimes worse, provides an uncanny valley view of the ups and downs of IRL Silicon Valley. The HBO series has shown what it’s like to deal with an incumbent who steals an idea or IP, the humiliation of saving the day, only to be fired as CEO by your VC,
Instagram’s latest assault on Snapchat, FaceTime and Houseparty launches today. TechCrunch scooped back in March that Instagram would launch video calling, and the feature was officially announced at F8 in May. Now it’s actually rolling out to everyone on iOS and Android, allowing up to four friends to group video call together through Instagram Direct.
At its I/O developer conference last month, Google previewed a major update to Google Maps that promised to bring personalized restaurant recommendations and more to the company’s mapping tool. Today, many of these new features started rolling out to Google Maps users. The core Google Maps experience for getting directions hasn’t changed, of course, but
Google is giving developers a new storage option in its cloud. Cloud Filestore, which will launch into beta next month, essentially offers a fully managed network attached storage (NAS) service in the cloud. This means that companies can now easily run applications that need a traditional file system interface on the Google Cloud Platform. Traditionally,
While everybody is focused on self-driving cars, Shone is working on autonomous technologies for container ships. The startup doesn’t want to turn those giant ships into unmanned vehicles, but it wants to help seafarers and make ships more efficient. After attending Y Combinator, Shone recently raised a $4 million round from Alven, Liquid 2, Paul
ZenProspect, a startup that emerged from the Y Combinator Winter 2016 class to help companies use data and intelligence to increase sales, announced today that it was rebranding as Apollo. It also announced a $7 million Series A investment. The round was led by Nexus Venture Partners. Social Capital and Y Combinator also participated. Apparently
If a coffee fanatic decides they want to open up a coffee shop somewhere, odds are they’ll have to end up Googling “liability insurance” at some point — and trying to navigate the complex legal web to get all of that nailed down before they even sell their first iced latte. Inaki Berenguer instead hopes
In the age of digital transformation, it’s important to understand your business processes and find improvements quickly, but it’s not always easy to do without bringing in expensive consultants to help. Celonis, a New York City enterprise startup, created a sophisticated software solution to help solve this problem, and today it announced a $50 million
At the Identiverse conference in Boston today, Ping Identity announced that it has acquired Elastic Beam, a pre-Series A startup that uses artificial intelligence to monitor APIs and help understand when they have been compromised. Ping also announced a new product, PingIntelligence for APIs, based on the Elastic Beam technology. They did not disclose the
TourRadar, the online travel agency (OTA) that targets the multi-day touring market, continues to be on a roll. The Vienna, Austria-headquartered company, which also has offices in Brisbane and Toronto, has raised $50 million in Series C funding. Consisting mostly of primary funding, the round is led by the Silicon Valley growth VC firm TCV,
As companies get bigger and bigger, all the critical information about a company — even its mission and culture statements — can get lost in a massive pile of Google Docs or files strewn across dozens of collaboration tools, making it nearly impossible to find. That’s where the team behind EveryTeam hopes to step in
Aclima, a San Francisco-based company which builds Internet-connected air quality sensors and runs a software platform to analyze the extracted intel, has closed a $24 million Series A to grow the business including by expanding its headcount and securing more fleet partnerships to build out the reach and depth of its pollution maps. The Series
A report by the UK’s Electoral Commission has called for urgent changes in the law to increase transparency about how digital tools are being used for political campaigning, warning that an atmosphere of mistrust is threatening the democratic process. The oversight body, which also regulates campaign spending, has spent the past year examining how digital
Nintendo is building on its strange but wonderful cardboard Labo platform with some sweet Mario Kart integration and a truly fabulous limited edition Switch with a faux-cardboard finish. It really is just the greatest thing and I would do terrible things to have it. Unfortunately some smart kid will probably get it, because you have
The pace of iOS innovation has been so intense that even Apple couldn’t keep up. In some ways, iOS 11’s main feature was that it was packed with bugs, with autocorrect bugs, messages arriving out of order and the Calculator app not calculating properly. iOS 12 is a nice change of pace. “For iOS 12,
This is your opportunity to get a glimpse of the future of iOS. Apple just released the first public beta of iOS 12, the next major version of the operating system for iPhone and iPad. Unlike developer betas, everyone can download it without a $99 developer account. But don’t forget, it’s a beta. The company
Jay-Z is behind a new venture fund called Marcy Venture Partners that is being launched with Walden Venture Capital managing director Larry Marcus and longtime business partner Roc Nation president Jay Brown, according to California regulatory filings. The fund was first reported by Axios. Shawn “Jay-Z” Carter is no stranger to the venture world. The
Getting mental health services can be burdensome. And if you’re already going through a tough time, you’re probably looking for help sooner than later. But based on the current landscape, it can take months to find the right therapist who also takes your insurance. This is where Meru Health hopes to come in. By providing
An app that has the needs of modern-day parents in mind, Winnie, has now raised $4 million in additional seed funding in a round led by Reach Capital. Other investors in the new round include Rethink Impact, Homebrew, Ludlow Ventures, Afore Capital, and BBG Ventures, among others. With the new funds, Winnie has raised $6.5
BigID announced a big $30 million Series B round today, which comes on the heels of closing their $14M A investment in January. It’s been a whirlwind year for the NYC data security startup as GDPR kicked in and companies came calling for their products. The round was led by Scale Venture Partners with participation
India’s PolicyBazaar, which runs a digital insurance business of the same name and a lending marketplace called PaisaBazaar.com, is the latest company to join SoftBank’s $100 billion Vision Fund after it announced a new funding round of over $200 million. The deal was led by the Vision Fund with participation from existing investors including InfoEdge,
It’s not often you can get three cloud giants like Amazon, Microsoft and Salesforce to agree on much of anything, but today they were all part of a $27 million Series C investment in Tact.AI, a startup that has been trying to change the way sales people interact with information in CRM systems using voice.
Uber is in court in the UK today to try to overturn a decision by London’s transport regulator last fall to withdraw its license to operate in the city — where it claims to have some 3.5 million regular users. Its appeal is being heard in Westminster Magistrates Court from today, with the hearing expected
After months of speculation, Meituan, the largest service booking app in China, confirmed that it has filed for a public offering. The company’s IPO application was submitted to the Hong Kong stock exchange earlier today and is being sponsored by Goldman Sachs, Morgan Stanley and Bank of America Merrill Lynch. A spokesperson for Meituan said
“So what’s going on here then?” I ask. “Two good friends just got even better [friends],” replies TransferWise co-founder Kristo Käärmann laughing, while Monzo co-founder Tom Blomfield, who is also on the video call, smiles approvingly. “Sorry for spoiling your news,” I tell the pair, who I’m interviewing ahead of an announcement today that the
Open source sustainability has been nothing short of an oxymoron. Engineers around the world pour their sweat and frankly, their hearts into these passion projects that undergird all software in the modern internet economy. In exchange, they ask for nothing in return except for recognition and help in keeping their projects alive and improving them.
It’s been hard to miss the scooter startup wars opening fresh, techno-fueled rifts in Valley society in recent months. Another flavor of ride-sharing steed which sprouted seemingly overnight to clutter up sidewalks — drawing rapid-fire ire from city regulators apparently far more forgiving of traffic congestion if it’s delivered in the traditional, car-shaped capsule. Even
The infrastructure that underpins our lives is not something we ever want to think about. Nothing good has come from suddenly needing to wonder “where does my water come from?” or “how does electricity connect into my home?” That pondering gets even more intense when we talk about cellular infrastructure, where a single dropped call
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