Dropbox reportedly secures a $600 million credit line
 Preteen unicorn Dropbox needs some cash real quick, so the company just secured a $600 million credit line according to a new Bloomberg report. This could be the company’s last “funding” round before its initial public offering. According to Bloomberg, Dropbox is thinking about going public before the end of the year. According to what we’ve heard, the timeline… Read More ...
Rover and DogVacay merge to dominate the pet-sitting market
 Putting an end to a fierce competition to dominate the pet-sitting business, Rover and DogVacay have agreed to join forces. Rover will be acquiring DogVacay in an all-stock deal. DogVacay’s investors, including Benchmark, Andreessen Horowitz, First Round and Foundation Capital, will now become Rover shareholders. Further terms of the deal were not disclosed, but “all of our… Read More ...
Logistics startup Freightos lands $25 million in funding from GE Ventures
 Freightos, a startup that wants to digitize more of the international logistics process, announced today that it has raised a $25 million Series B extension round led by GE Ventures, General Electrics’ venture capital arm. Read More ...
Arable raises $4.25 million to demystify farming with sensors and data
 Arable has raised $4.25 million for solar-powered sensors and software to help farmers produce more food with fewer resources, and more accurately predict their yields. Middleland Capital and S2G Ventures led the Series A investment in Arable joined by Chasefield, Spark Labs and Cantos VC. Believe it or not, farmers in the US have faced a labor shortage for years. US citizens aren’t drawn… Read More ...
Snapcart raises $3M to track offline commerce data in Southeast Asia
 Snapcart, a startup helping to bring transparency to the world of offline commerce in Southeast Asia, has raised $3 million in pre-Series A funding. We first wrote about the company when it launched in September 2015 with the aim of providing data on the largely uncharted world of offline commerce in Southeast Asia, a region of over 600 million consumers and a growing middle class.… Read More ...
Enterprise data firm Alteryx set to raise $126 million from NYSE IPO
 The wheels on America’s tech IPO train continue to turn. Enterprise data analytics firm Alteryx, the next tech firm in line to go public, has priced its shares at $14 ahead of its listing on the New York Stock Exchange tomorrow (Friday). That pricing — which comes in at the top of the firm’s range — will see Alteryx, which is listing under AYX symbol, raise $126… Read More ...
Online ticket marketplace Vivid Seats is looking to sell for $1.5 billion
 Online secondary ticket marketplace Vivid Seats is looking for a buyer and they’re hoping to fetch a price of about $1.5 billion, TechCrunch has learned. According to multiple sources, private equity firm Vista Equity Partners is working with Morgan Stanley to unload Vivid, which could net a tidy profit for the firm a little over a year after acquiring the business for about… Read More ...
Amazon to acquire Souq, a Middle East clone once valued at $1B, for $650M
 Amazon continues its march across the globe, and one of its newest targets is the Middle East. According to multiple reports that we have confirmed with our own sources, the e-commerce giant has acquired Souq, often described as the Amazon of the Arab world and the region’s biggest e-commerce player, for a price of $650 million, to spearhead its Middle East business. “The ink… Read More ...
WayUp gets $18.5 million more to help college grads find jobs
 Recent college grads need a better way to search for jobs. Or at least, that’s the thesis of New York-based WayUp, which recently raised $18.5 million in Series B funding to execute on this vision. Trinity Ventures, which led the investment, is also gaining a board seat via partner Karan Mehandru. Existing investors, including General Catalyst, Lerer-Hippeau Ventures and SV Angel… Read More ...
Italy’s MotorK, a company that offers digital services to the automotive industry, raises $10M Series A
 MotorK, an Italian company that offers a number of digital products to the automative industry, has raised $10 million in Series A funding. The round was led by 83North, with participation from Zobito, a Swedish private equity and VC firm. Read More ...
Elvie pulls in $6M Series A to build a global female health tech brand
 The UK startup behind a connected kegel exerciser called Elvie is today announcing a $6 million Series A round led by European VC firm Octopus Ventures. Female focused VC AllBright is also joining the round… Read More ...
BlackBuck closes $70M to digitize freight and logistics across India
 BlackBuck, a startup that is digitizing logistics and cross-country freighting in India, has closed out a $70 million Series C round. The deal is led by new investor Sands Capital, with participation from World Bank’s IFC and existing investors Accel, and e-commerce giant Flipkart. BlackBuck had previously raised $30 million, including a $20 million Series B in 2015. Yuri… Read More ...
Vinsight gives grape and almond growers a high-tech crystal ball
 Farmers know how hard it is to predict yield accurately. High-value crops like grapes or almonds prove particularly challenging. Farmers expect, and settle for, twenty to forty percent uncertainty with these crops. Vinsight founder and CEO, Megan Nunes, who grew up in the farming business, found that unacceptable. After almost a decade-long career in the satellite industry, she turned her… Read More ...
PlateIQ cooks up $4 million for restaurant management platform
 As any fan of Kitchen Nightmares may know, the restaurant business is not for the faint of heart, nor is it likely to generate fat margins. Now, a startup called PlateIQ has raised $4 million in new funding to help restaurants automate accounts payable, and nail all their other accounting work so they can focus, finally, on the food and front-of-house. Eileses Capital led the round… Read More ...
Fam raises $1.8 million for its iMessage-based group video chat app
 The iMessage App Store may have its struggles, but one app aimed at bringing group video chat into the iMessage experience is reportedly taking off. Boston-based Smack, the company behind the video chat app called Fam, has raised $1.8 million in funding from a range of investors for its top 25 Social Networking app on the App Store that allows groups to chat with one another via iMessage… Read More ...
An eBay for grain-trading, FarmLead, raises $6.5 million Series A
 Farmers work to feed the world. Yet somehow, corn, wheat and rice sales are still happening at a local level through antiquated paperwork and phone negotiations. Now, an Ottawa-based startup called FarmLead has raised $6.5 million in venture funding to connect grain producers and buyers automatically online, and help farmers get fair prices for what they grow. The platform is something like… Read More ...
Games firm Netmarble to raise $2.35B in Korea’s largest IPO since 2010
 Netmarble, one of the world’s top mobile and PC gaming firms, has filed to raise as much as $2.35 billion (2.66 trillion won) through an IPO in its native Korea. The firm said in a filing [in Korean] that it will issue 16,953,612 new shares priced between 121,000-157,000 KRW each (that’s approximately $108-$140) with a view to raising up to 2.66 trillion won ($2.35 billion).… Read More ...
Vodafone India confirms it is merging with Idea Cellular to form India’s largest telco
 Vodafone India has confirmed that it has reached an agreement to acquire rival Idea Cellular. The deal, which is being painted as a merger, will create India’s largest operator with some 377 million customers. The company revealed it was in talks with Idea Cellular over a deal in January, and the coming-together was announced today. Subject to the relevant approvals, it is expected… Read More ...
Tech In Asia is raising $6M to double down on its recruitment business
 Regional media startup Tech In Asia is close to raising as much as $6 million in new funding, three sources with knowledge of the round told TechCrunch. Singapore-based Tech In Asia’s most recent raise was a $4 million Series C that closed in June 2015, previous funding prior to that was undisclosed. The site was one of the first to cover tech and startup news across Asia since its… Read More ...
Immigrant eyes
 Over the past few years we’ve seen a lot of anger. We’ve seen a seemingly sane country cut itself off from mainland Europe and we’ve seen a seemingly beneficent border police force turn angry. We’ve heard that immigrants steal our jobs, kill our people, and bring in drugs and terror. This is wrong. On the pro-side we know that immigrants, as a whole, commit less crime… Read More ...