Prenetics, a Hong Kong-based startup that offers genetic testing services for patients, is expanding outside of Asia and into the consumer space after it acquired London-based company DNAFit. The deal — which a source told TechCrunch is worth $10 million — not only sees Prenetics enter new geographies, but also expand the scope of its services.
Savedroid, a German company that purportedly raised $50 million in ICO and direct funding, has exited with a bang. The site is currently displaying the above image and the founder — one Dr. Yassin Hankir — has posted a tweet thanking investors and saying “Over and out.” A reverse image search found Hankir’s photo on
While smaller companies are seeing a lot of new options for distributed office space, or can pick up a couple offices in a WeWork, eventually they get big enough and have to find a bigger office — but that can end up as one of the weirdest and most annoying challenges for an early-stage CEO.
Funding Societies co-founders Reynold Wijaya and Kelvin Teo. Funding Societies, a peer-to-peer lending platform in Southeast Asia, said today that it has raised a $25 million Series B led by Softbank Ventures Korea, the Japanese tech conglomerate’s early-stage venture capital unit. The round included returning investors Sequoia India, which led the Singapore-based startup’s Series A
According to Parsley Health, the average adult spends 19 minutes with their physician every year. Seventy percent of the time, these short visits result in the prescription of a medication. “According to the CDC, 70% of diseases in our country are chronic and lifestyle-driven,” said Parsley Health founder and CEO Dr. Robin Berzin. “And yet
When you’re raising venture capital, it helps if you’ve had “exits.” In other words, if your company has been acquired or you’ve taken one public, investors are more inclined to take a bet on anything you do. Boston -based serial entrepreneur David Cancel has sold not just one, but four companies. And after a few years
Harbor helps businesses legally issue cryptocurrency tokens that represent ownership of real-world assets like real estate, fine art, company equity, and investment funds. This “tokenization” might sound boring, but it could be a big business that unlocks trading of illiquid property. Harbor‘s intention to become a fundamental bridge between the offline and crypto economies has
Kdan Mobile founder and CEO Kenny Su Kdan Mobile, a Taiwanese startup that makes cloud-based software for content creators, announced a $5 million Series A today, raised from investors including W.I. Harper Group, Darwin Venture Management and Accord Ventures. Founded in 2009, the Tainan City startup says its products have been downloaded more 120 million
“The percentage of Top 40 music made with our platform blows my mind,” says Splice co-founder Steve Martocci. He tells me about some bedroom music producers who were “working at Olive Garden until they put sounds on Splice .” Soon they quit their jobs because they were earning enough from artists downloading those sounds to
Coinbase, the prominent cryptocurrency exchange, has announced its most significant piece of M&A to date after it agreed to buy Earn.com, the U.S. startup that uses the blockchain for its paid-email service, in a deal worth more than $120 million. In addition, Coinbase has appointed Earn.com co-founder and CEO Balaji Srinivasan as its first CTO,
Mixcloud, the London startup that offers an audio streaming platform designed for long-form content, has closed its first-ever funding round, TechCrunch has learned. According to a regulatory filing and since confirmed by co-founder Nico Perez, the ten-year old company has raised approximately $11.5 million led by WndrCo, the media and technology holding company based in
Online coursework is exploding across all kinds of verticals and fields of expertise — but those courses inevitably end up on platforms like Udemy, and for Ankur Nagpal, that’s really not a way to build a true business. That’s why Nagpal started Teachable, a platform for experts that want to create a business around their
SpaceX has authorized a new Series I round for 3 million shares in a new round that will be worth up to $507 million, according to a certificate of incorporation document filed in Delaware. If all shares in this round are issued, the new round would value SpaceX at around $23.7 billion, according to the
Founded in 2010 as an online loyalty card service, Punchh has since grown into a marketing platform serving more than 115 restaurant chains, including Pizza Hut and Quiznos. Now it’s raised a $20 million Series B to expand into more retail verticals and increase the use of artificial intelligence and machine learning in its cloud
East Meet East, a New York-based matchmaking service focused on connecting Asian people in the U.S., is expanding its focus to go after dating opportunities in Asia after it raised a $4 million Series A funding round. The money comes from existing backer 500 Startups and new investors Asahi Medialab Ventures, DG Lab Fund (a joint effort
Billie, a New York-based startup that wants to fight the “pink tax” on goods marketed to women, announced today that it has closed a $6 million seed round. The funding was led by Silverton Partners, with participation from returning investors including Female Founders Fund and Lakehouse Ventures, and will be used to grow Billie’s team
WeWork is buying up one of its largest competitors in China after it announced a deal to acquire Naked Hub. The deal was widely reported by Chinese media yesterday, but WeWork has now confirmed it through a blog post from its CEO Adam Neumann. Terms of the transaction are not disclosed but Bloomberg reported that it
TravelTriangle, a startup that is digitizing travel agencies and travel bookings in India, has raised a $12 million Series C round led by Fundamentum. The startup operates like a travel booking platform to allow holidaymakers to choose and secure their travel plans online. It also works with offline travel agents to help them offer services,
Retail has been revolutionized over the last decade, with brands like Casper and Warby Parker offering high-quality goods at lower costs simply by selling them through the internet. Koio, a relatively new high-end sneaker brand, is looking to get in on the new retail wave, and the company has some fresh cash to do it.
German insurance giant Allianz is following Google and Tencent by backing Go-Jek, the Indonesia-based ride-hailing and local services company valued at over $4.5 billion, after it announced an investment. The money comes from Allianz X, the firm’s digital investment arm, which confirmed it put in $35 million in what is its first deal in Southeast Asia. The
Today Carbon Black filed to go public, publishing its S-1 document with a $100 million IPO figure as a placeholder. The security-focused firm based in Massachusetts raised more than $190 million during its life as a private company, including a $54.5 million Series F in 2015 and a more modest $14 million Series F extension in 2016. Today we’ll
It’s April, that means tax returns for people in the U.S. very soon. Given the breakout year that crypto had in 2017 — despite prices cooling down in recent months — and well-intended individuals might be thinking about whether to file taxes based on gains they enjoyed from bitcoin or other cryptocurrencies. It’s good timing, then,
Uber has acquired bike-sharing startup JUMP for an undisclosed amount of money. This comes shortly after TechCrunch reported that JUMP was in talks with Uber as well as with investors regarding a potential fundraising round involving Sequoia Capital’s Mike Moritz. At the time, JUMP was contemplating a sale that exceeded $100 million. We’re now hearing that
City Pantry, the office catering marketplace to make it easy to order in food for staff, company events and meetings, has restocked its funding. The London-based startup has raised a new £4 million round led by Octopus Investments with participation from existing investors and Newable Private Investing — capital it plans to use to expand
The future of artificial intelligence (AI), the technology that is seen as potentially impacting almost every industry on the planet, is widely acknowledged to be a war between tech firms in America and China. In a notable side-note to that battle, China now has the world’s highest-valued AI startup after SenseTime, a company founded in
Lego Mindstorms have paved the way for many programmable toys. And Austrian startup Robo Wunderkind is building a new kind of Lego-like programmable kit. The startup first launched on the TechCrunch Disrupt stage and just raised $1.2 million (€1 million) from SOSV, Austrian Federal Promotional Bank and multiple business angels. Compared to many programmable toys
Fans of Uber in Singapore will have a little more time to continue using the app after Grab, the rival that is acquiring Uber’s business in the region, agreed to extend the life of the app until April 15 while the country’s competition commission reviews the merger deal. Grab had originally intended to close the
Japanese crypto exchange Coincheck, made famously after hackers made off with more than $400 million in digital token NEM, has been acquired. The company announced today (in Japanese) that Tokyo-based online brokerage Monex Group will buy it in full. The transaction will see Coincheck become a wholly owned subsidiary of Monex. The deal is a reaction of the
Coinbase has launched a new fund called Coinbase Ventures to invest in early-stage cryptocurrency and blockchain startups. In a blog post, Coinbase head of corporate and business development Emilie Choi said that the fund’s goal is to strengthen the sector. “At least in the beginning, our goal is simply helping the most compelling companies in
Redpoint Ventures has hired Annie Kadavy as its first female general partner. She’ll be on the early stage investment team. Kadavy has a background in venture capital, having spent several years at CRV. Most recently, she ran strategic operations at Uber’s freight division. She also has an M.B.A. from Stanford University Graduate School of Business.