Fundings and Exits

Laka, a London-based insurtech startup that offers what it calls “crowd insurance” to rival traditional premiums and is initially targeting high-end bicycle owners, has raised $1.5 million in seed funding. The round is led by publicly-listed Tune Protect Group, with participation from Silicon Valley’s 500 Startups — money that will be used to enter new
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Marshmallow, a new ‘insurtech’ startup in the U.K. building a product for immigrants/expats who are poorly served by the car insurance market, has picked up $1.2 million in seed funding. Backing the company, which is set to launch later this year, is Passion Capital, and Investec Bank. Founded in March 2017 by identical twins Oliver
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Here’s a unique approach to Western companies doing business in China. Today, Evernote — the U.S. note-making service — span out its China-based unit into an independent entity with “full autonomy” over its business and services. Evernote introduced its Yinxiang Biji China-based service in 2012, but now it is transitioning to a minority shareholder with
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MoloFinance, a London-based fintech that is developing a “fully digital” mortgage solution, has closed £3.7 million in seed funding. The round is led by Ubon Partners, a Nordic fund specialised in financial services, and will be used to launch the company’s first product release later this summer. Initially targeting ‘Buy to Let’ mortgages — i.e.
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Grab, the ride-hailing firm that acquired Uber’s Southeast Asia business, is aiming to catalyze the early-stage startup scene in Southeast Asia after it launched an accelerator and investment unit called Grab Ventures. The six-year-old company has already made investments and acquisitions — backing startups like Drive.ai and buying Indonesia’s Kudo and India-based iKaaz — and Grab
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Locus, a three-year-old startup that helps companies map out their logistics, has pulled in $4 million in funding to grow its global footprint outside of its native India. The round is described as pre-Series B and it was provided by Rocketship.vc, Recruit Strategic Partners, pi Ventures and DSP Group’s Hemendra Kothari. Existing backers Blume Ventures, Exfinity Venture
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The upstarts of crypto aren’t just aiming to disrupt the startup status quo, some are rivaling traditional venture capital investors, too. That’s particularly evident today after Binance, the world’s largest crypto exchange based on daily trade volumes, announced a $1 billion fund to back blockchain and crypto startups. The ‘Community Influence’ fund, which will be denominated in
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Neighborhood Goods, a startup rethinking the traditional department store experience, is announcing that it has raised $5.75 million in seed funding. CEO Matt Alexander (who co-founded the company with Mark Masinter) told me via email that while the largely static layout and offerings of a department store provide a degree of “consistency and reliability,” they’re
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Fresh from agreeing its largest acquisition to date with a deal to buy European payment firm iZettle for $2.2 billion, PayPal is on the investment hunt once again after it backed India’s Pine Labs with a $125 million round. The financing jointly comes from PayPal and Temasek, the sovereign investment fund from the Singaporean government
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While coding bootcamps may be in the middle of a shakeout, technology companies around the world are still going to be struggling to fill slots with people equipped with the skills to tackle real-world problems right from the get-go — and Dan Sommer hopes the answer is through universities. That’s the premise behind Trilogy Education, which
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There’s been an explosion of medical startups centering their tools around machine learning to help doctors with predictive tools — and now Netflix’s former chief product officer Neil Hunt wants to enter the fray with one that hopes to get the right information from patients themselves. That’s the hope for Curai, a machine learning-driven startup
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SQream CEO and co-founder Ami Gal SQream, the GPU database developer, will deepen its focus on China after raising a $26.4 million Series B led by Alibaba Group. The round also included investors Hanaco Venture Capital, Sistema.vc, World Trade Ventures, Paradiso Ventures, Glory Ventures and Silvertech Ventures. The startup describes the funding, which brings its
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There’s a new unicorn in the global ride-hailing space after Taxify, a startup born in Estonia that does battle with Uber across Europe and Africa, closed $175 million in new funding that takes it valuation to the $1 billion mark. Daimler, the German automotive giant which owns Mercedes-Benz among other things, led the round. The investment
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Created to help app developers find and fix bugs more efficiently, Sentry announced today that it has raised a $16 million Series B led by returning investors NEA and Accel. Both firms participated in Sentry’s Series A round two years ago. Co-founder and CEO David Cramer tells TechCrunch that the new round puts Sentry’s post-money
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A new U.K. self-driving car startup founded by Amar Shah and Alex Kendall, two machine learning PhDs from University of Cambridge, is de-cloaking today. Wayve — backed by New York-based Compound, Europe’s Fly Ventures, and Brent Hoberman’s Firstminute Capital — is building what it describes as “end-to-end machine learning algorithms” to make autonomous vehicles a
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