Fundings and Exits

Fintech in Southeast Asia continues to pique the attention of global investors. Alibaba, Tencent and others have jumped into the region and deployed hundreds of millions of dollars, and now Warburg Pincus is joining them. The U.S-headquartered PE firm has led a Series C investment in Vietnam’s Momo, which claims to be the country’s largest mobile
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SeeTree, a Tel Aviv-based startup that uses drones and artificial intelligence to bring precision agriculture to their groves, today announced that it has raised an $11.5 million Series A funding round led by Hanaco Ventures, with participation from previous investors Canaan Partners Israel, Uri Levine and his investors group, iAngel and Mindset. This brings the
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Coinbase is continuing its push to suck up talent after the $8 billion-valued crypto business snapped up Blockspring, a San Francisco-based startup that enables developers to collect and process data from APIs. The undisclosed deal was announced by Blockspring on its blog, and confirmed to TechCrunch by a Coinbase representative. Coinbase declined to comment further.
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In India, startups are quietly building the tools and platforms to enable a different kind of gig economy: one that allows ‘micro-entrepreneurs’ to tap growing access to the internet to sell goods and services online. One such figure helping this burgeoning economy is Instamojo, a seven-year-old Bengaluru-based startup, has pulled in a $7 million Series B
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London-headquartered BeMyEye has made another acquisition, its third in a little over three years. This time the retail execution monitoring service is purchasing Russian crowdsourcing and image recognition provider Streetbee. The acquisition will see BeMyEye launch “Perfect Shelf,” which will use image recognition technology to lower the cost for consumer goods companies wanting to get
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CM Group, the organization behind email-centric services like Campaign Monitor and Emma, today announced that it has acquired marketing automation firm Sailthru and the email personalization service Liveclicker. The group did not disclose the acquisition price but noted that the acquisition would bring in about $60 million in additional revenue and 540 new customers, including
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Smartsheet, the project management and collaboration tool that went public last April, announced the acquisition of Seattle-based TernPro, Inc., makers of Slope, a collaboration tool designed for sharing creative assets. The companies did not share the acquisition price. Bringing Slope into the fold will enable Smartsheet users to share assets like video and photos natively
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Digital insurance firm Singapore Life has started 2019 with a bang after it raised $33 million across two investments as it eyes new market expansions in Southeast Asia. The company pulled in $20 million from NYSE-listed Aflac Investment on December 31, and added $13 million this week via an investment from Aberdeen Standard Investments, a
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American Express made an acquisition in Japan by picking up restaurant booking service Pocket Concierge in an undisclosed deal. The acquisition was announced in Japanese and in English by James Riney, the head of 500 Startups Japan, which invested in Pocket Concierge as one of its first deals in the country. The service was launched in 2013 to
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The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here: 1. Microsoft Bing not only shows child pornography, it suggests it A TechCrunch-commissioned report has found damning evidence on Microsoft’s search engine.
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An intriguing new startup is out from under the radar in Southeast Asia after BasisAI, a Singapore-based company, revealed itself this week. The startup disclosed a seed investment from two prestigious investors in the region and some impressive credentials to back it up. Started by twin brothers Linus and Silvanus Lee and Liu Feng-Yuan — all Singapore
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Amazon has reportedly acquired Israeli disaster recovery startup CloudEndure. Neither company has responded to our request for confirmation, but we have heard from multiple sources that the deal has happened. While some outlets have been reporting the deal was worth $250 million, we are hearing it’s closer to $200 million. The company provides disaster recovery for cloud
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Motorola Solutions, which split off from Motorola Mobility back in 2011, has added a new license plate capture tool to it law enforcement suite with the acquisition of VaaS International Holdings today for $445 million in cash and equity. The acquisition should help enhance the company’s set of law enforcement products. “Within the public safety space [Motorola Solutions]
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Pouch, the U.K.-based money-saving browser extension, has been acquired by German ‘publishing technology’ platform Global Savings Group. Exact financial terms of the deal remain undisclosed, although I understand it to be a cash purchase and in the 7-figure U.S. dollar range, plus performance related bonuses. The entire Pouch team are joining Global Savings Group, and
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Another sizeable cash injection for big data biotech: Sophia Genetics has announced a $77M Series E funding round, bringing its total raised to $140M since the business was founded back in 2011. The company, which applies AI to DNA sequencing to enable what it dubs “data-driven medicine”, last closed a $30M Series D in fall 2017.
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CarDekho, an online marketplace for car sales in India, has pulled in a new $110 million Series C funding round from a clutch of existing investors to push deeper into financial services and insurance. Sequoia India, Hillhouse and Alphabet’s CapitalG led the round which also saw participation from Axis Bank, one of CarDekho’s financing partners.
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