Fundings and Exits

The parent company of games giant Nexon has confirmed that it acquired Korea’s second largest cryptocurrency exchange, Korbit, in a deal that values it at just over $120 million. A spokesperson from NXC, the corporation which owns $11.5 billion-valued Nexon, confirmed to TechCrunch that it paid 91.3 billion KRW (approximately $79.5 million) for 65.19 percent
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It’s a bank account and debit card built for the digital age. Chime is raising $18 million in Series B financing for its mobile-first approach to banking. Cathay Innovation led the round with participation from Northwestern Mutual Future Ventures, Crosslink Capital, Forerunner Ventures, Homebrew and others. Without monthly fees or overdraft charges, Chime tries to
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Property Innovation Labs (Pi Labs), an accelerator-turned-early-stage VC fund that invests in property tech startups ‘pre-Series A’, has closed a second fund of $10 million, from which it plans to make a total of 35 investments. The London-based firm says it will invest between $70,000 and $4 million in early-stage companies globally “across the full
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After abandoning its plans to launch a subscription video-on-demand business earlier this year, IAC-owned streaming video site Vimeo announced today that it’s acquiring the live video streaming platform, Livestream, and launching its own live streaming product, Vimeo Live. The move to integrate Livestream’s technology into Vimeo will allow video creators to capture, edit, stream and
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European mobile device maker Fairphone, which designs modular smartphones with the aim of supporting repairability and encouraging sustainability, has taken in new investment of €6.5 million ($7.7M). It says it’s hoping to use the financing to build wider support for a push towards a circular economy for consumer electronics. Specifically it says it intends to
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China’s Didi Chuxing is already well-known for making investments, but this time around the ride-sharing company has stepped beyond backing companies in its core industry with its latest deal. That’s because Didi has backed RenRenChe, China-based online peer-to-peer car marketplace, via a strategic investment that is confirmed at $200 million. It’s not clear what it’s
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Picfair, the London-based photo marketplace founded by ex-journalist Benji Lanyado, has raised £1.5 million in new funding — capital it plans to use to market its “fair trade photography” proposition to the plethora of companies that need authentic photo content. These include publishers, creative agencies, and, with the huge rise in so-called content marketing, SMEs
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Mark Zuckerberg has gotten so rich that he can fund his philanthropic foundation and retain voting control without Facebook having to issue a proposed non-voting class of stock that faced shareholder resistance. Today Facebook announced that it’s withdrawn its plan to issue Class C no-vote stock and has resolved the shareholder lawsuit seeking to block
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Alchemist Accelerator, known for its specialty in working with enterprise startups, held its 16th demo day at Microsoft’s offices in Mountain View, California. 18 startups pitched ideas ranging from more traditional marketplaces to frontier aerospace technology. Addressing the packed auditorium before the pitches began, Ravi Belani, managing partner at Alchemist, reasserted his core mission to
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In a first for national grocery chains, Albertsons is buying the healthy meal kit delivery startup Plated for an undisclosed amount, brokered by Credit Suisse Group AG. According to The Wall Street Journal, Plated will become a subsidiary of Albertsons and customers will soon be able to purchase a rotating selection of meals from the
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Logistics and supply chain management is a notoriously outdated and labor-intensive process. ClearMetal uses artificial intelligence to help manufacturers and retailers climb out from underneath piles of spreadsheets. Today the San Francisco-based startup announced that it has raised $9 million in Series A funding led by Prelude Ventures and Innovation Endeavors, the venture capital firm
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Smartly.io, a Helsinki-based company that makes automated marketing software for Facebook advertisers, announced today that it has raised $20 million by selling existing stakeholder’s shares to venture capital firm Highland Europe. Founded in 2013, Smartly.io founder and CEO Kristo Ovaska says it has been profitable for two years already. All of its employees own shares
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Roll up, roll up… there’s another e-commerce mega deal in Southeast Asia courtesy of a Chinese investor. Following on from Alibaba’s $1 billion deal with Lazada and a $1.1 billion round in Tokopedia led by Alibaba, rival Chinese e-commerce firm JD.com has announced a $500 million investment that will create e-commerce and fintech businesses in
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