Category Archives: Investing

Grab raises $700M in debt to add more drivers to its ride-hailing service in Southeast Asia

 Grab is in the process of raising $ 2.5 billion for it ride hailing service in Southeast Asia, but that hasn’t stopped the Uber rival from tapping banks for $ 700 million in debt facilities to develop its business. The Singapore-based company said it had pulled in the financing from “leading global and regional banks” to expand its car rental fleet in Singapore and Indonesia,… Read More
Fundings & Exits – TechCrunch

Lyft raises $1 billion at $11 billion valuation led by Alphabet’s CapitalG

 Ride-hailing company Lyft has raised a new $ 1 billion funding round, putting its post-money valuation at $ 11 billion total. The round was led by Alphabet’s CapitalG, its growth-focused investment fund, and CapitalG partner David Lawee will join Lyft’s board as part of the transaction. Lyft shared the news in an official blog post, and noted that it has run over 500 million rides… Read More
Fundings & Exits – TechCrunch

Credit giant Experian leads $30M investment in India’s BankBazaar

 Indian credit marketplace BankBazaar has pulled in $ 30 million in fresh funding led by Experian, the London-headquartered credit giant with a £14 billion ($ 18 billion) market cap. BankBazaar seems to have a penchant for big name backers. Amazon led its $ 60 million Series C funding in 2015 while Experian is the main investor behind this Series D raise. The company didn’t specific the… Read More
Fundings & Exits – TechCrunch

Fandango is acquiring rival online ticketer MovieTickets.com

 A consolidation in the advance movie ticketing space is happening today, with Fandango’s announcement that it’s acquiring rival MovieTickets.com for an undisclosed sum. The deal, which is expected to close before year-end, will help Fandango expand its international footprint, particularly in Latin America, as well as bring new cinemas to its ticketing platform. Read More
Fundings & Exits – TechCrunch

Digital wealth manager Moneyfarm acquires tech behind fintech chatbot Ernest

 Moneyfarm, the U.K.-headquartered “digital wealth manager” has acquired the technology behind personal finance chatbot Ernest. Terms of the deal aren’t being disclosed, though I understand that, along with the tech, this is an acqui-hire of sorts, seeing London-based Ernest’s CTO Lorenzo Sicilia join Moneyfarm to oversee technology integration. Read More
Fundings & Exits – TechCrunch

Cardiologs raises $6.4M to bring image recognition to EKG analysis

 You’ll find image recognition technology in almost every kind of consumer service you would use today — like Facebook, Google, or any number of other apps — but Yann Fleureau is hoping that he can build a whole business off of its increasing success in healthcare. Fleureau hopes that his startup, Cardiologs, can use image recognition to analyze an EKG and detect potential… Read More
Fundings & Exits – TechCrunch

Alibaba is leading a $27M investment in open source database startup MariaDB

 Alibaba has spent 2017 pushing its cloud computing business and now it is preparing to make its first major investment in a Western startup in the space. The Chinese e-commerce giant has agreed to lead a €22.9 million ($ 27 million) investment in MariaDB, the European company behind one of the web’s most popular open source database servers, according to a source with knowledge of… Read More
Fundings & Exits – TechCrunch

Live from Disrupt SF: Equity talks Slack, Lyft and flying cars

 Hello and welcome back to Equity, TechCrunch’s weekly venture capital-themed podcast where we work to unpack the numbers lurking behind the news. This week we have a special episode for you all. We recorded live from Disrupt San Francisco, right in the middle of the main floor. From the front, this is what it looked like:   Teamwork! It was our second-ever live show. Thanks for… Read More
Fundings & Exits – TechCrunch

Patreon raises big round at ~$450M valuation to get artists paid

 In an era where art is shared and streamed for free, Patreon offers new hope for turning content creation into a career. Illustrators, comedians, game makers, and musicians use Patreon to let fans pay a monthly subscription fee for special access to their work. In exchange, Patreon takes only a tiny 5% cut. With 50,000 creators and 1 million subscribers on board paying an average of $ 12 per… Read More
Fundings & Exits – TechCrunch

Eaze is moving into recreational marijuana delivery with $27 million in new funding

 The cannabis industry has lit up in the last year, including weed delivery startup Eaze, which just raised $ 27 million in Series B financing and claims a 300 percent year-over-year increase in gross sales. But the weed delivery startup has come under scrutiny recently for burning through at least $ 1 million in cash per month. In contrast, other software-based pot delivery startups like Meadow… Read More
Fundings & Exits – TechCrunch