Fundings and Exits

In a week when all eyes are on Facebook and the subject of how data about us on social media platforms gets used without us knowing, there’s been some consolidation afoot in the world of media-based big data services. DataSift, the London-based company that pulls data from conversations across social, news and blog platforms, anonymises it,
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Spotify explained why it’s ditching the traditional IPO for a direct listing on the NYSE on April 3rd today during its Investor Day presentation. With no lockup period and no intermediary bankers, Spotify thinks it can go public without all the typical shenanigans. Spotify described the rationale for using a direct listing with five points: List
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Pray.com, an interfaith social networking app for members of religious communities, has raised a $14 million Series A led by TPG Growth. Previous investors Science Inc. and Greylock Partners also returned for the round, which brings the Santa Monica-based startup’s total funding, including a seed round announced last June, to $16 million. Founded in 2016,
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Spotahome, a Madrid-based startup that lets you view and book mid to long-term accommodation online, has made its first acquisition after raising €13.6 million in Series A funding late last year. The ‘proptech’ company has acquired international student community Erasmusu, a move that will see Spotahome add up to 70,000+ more properties to its rental
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India’s Prime Venture Partners has refueled its tanks for more angel investing after it announced a new fund of INR 400 crore, or around $60 million. Started by three managing partners — serial entrepreneurs Sanjay Swamy, Shripati Acharya and Amit Somani — in 2011, this fund represents the third (and largest) investment vehicle for the firm. Its previous
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SolarisBank, the Berlin-based “banking platform” co-founded by fintech company builder Finleap, appears to be on quite a roll. The company, which now claims nearly 60 corporate clients who offer various financial services powered by solarisBank, has closed €56.6 million in Series B funding in a round that includes a number of new strategic and financial
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The Fabric, an early-stage investment company developing new infrastructure technologies, has raised $15 million for its third investment vehicle. Announced at the Montgomery Summit in Santa Monica, Calif., the new financing came from Verizon Ventures (the investment arm of TechCrunch’s parent company’s parent company) and March Capital Partners, a Los Angeles-based venture capital firm. The
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Fishbrain, the Sweden-made mobile app and social network for sport fishing, is disclosing $13.5 million in Series B funding. The round is led by B Capital Group, the VC fund founded by Facebook co-founder Eduardo Saverin, with participation from SoftBank Ventures Korea, and existing investors Northzone, and Industrifonden. The new cash injection, which brings total
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S&P Global announced today that it will acquire Kensho, a Cambridge, Massachusetts startup that has concentrated on artificial intelligence and analytics for big financial institutions. The total value of the deal is $550 million in a mix of cash and stock. Kensho, which counted S&P Global as a client/partner and an investor, launched in 2013 and
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ELSA, an app whose name stands for “English Language Speech Assistant” (and not the popular Disney character!), has raised $3.2 million for its A.I.-assisted language learning platform that teaches people how to speak English. Unlike other courses that focus mainly on teaching grammar and vocabulary, ELSA uses artificial intelligence and speech recognition technology to help
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