As Facebook prepares to launch its new cryptocurrency Libra in 2020, it’s putting the pieces in place to help it run. In one of the latest developments, it has acquired Servicefriend, a startup that built bots — chat clients for messaging apps…
Back in January, Blackstone — the investment firm whose assets under management surpassed a jaw-dropping half a trillion dollars earlier this year — quietly began piecing together a new, growth equity platform called Blackstone Growth, or BXG. Step one was hiring away…
Three-and-a-half years ago, a lawsuit hit the San Mateo, Ca. county courthouse that briefly attracted the attention of the worldwide venture capital community given its salacious nature. The defendant: longtime VC Michael Goguen, who’d spent 20 years with Sequoia Capital in Menlo…
Arch Rao, the former head of product at Tesla who was behind the company’s Powerwall home energy storage is system, is back with a new company pitching energy management and efficiency for homes. SpanIO is looking to upgrade the electrical fusebox for…
Normative, a startup that lets companies automate their carbon reporting — and in turn help them decrease their environmental footprint — has picked up $2.1 million in seed funding. Backing the Stockholm-based company is ByFounders, with participation from Soundcloud co-founder Eric Wahlforss,…
Holidu, the Munich-headquartered holiday rentals search engine that is now active in 21 country markets, has raised €40 million in Series C funding. The round was led by Prime Ventures, with participation from coparion and MairDuMont Ventures. Existing investors, including EQT Ventures,…
Mitto, a debit card and app designed for “Generation Z” teens, has raised €2 million in seed funding. Backing the round is Spanish bank Banco Sabadell via its innovation and venture arm InnoCells, along with Athos Capital, and Spanish social media influencers…
In its first half-decade of existence, PopSocket has grown into one of the most popular — and imitated — smartphone accessories on the market. In 2018 alone, the company generated $90 million in profit. Not to bad for a little Colorado-based upstart….
Shares of Cloudflare rose 20% today in its first day of trading on the public market, opening trading at $18 after it priced its IPO at $15 a share yesterday and holding steady through the day. Put another way, the performance of the…
OKCredit, a Bangalore-based startup that enables small merchants to digitize their bookkeeping, has raised $67 million to grow its business in the nation. The Series B financing round for the two-year-old startup was led by Lightspeed and Tiger Global. The new round,…
