Innovation Why MIT’s social tech incubator is launching an investment fundFast Company - Eillie AnzilottiMIT Solve is now going to start backing small, for-profit ventures taking on global issues, from access to clean water to the need for a circular economy. As the executive director of MIT Solve, a tech
Startups Newsletter platform Substack raises $15.3M round led by A16ZTechCrunch - Anthony HaAndreessen Horowitz is betting that there’s still a big opportunity in newsletters — the venture capital firm is leading a $15.3 million Series A in Substack. To be clear, although Substack started out
Patreon Patreon raises $60 million to expand its creator membership platform internationallyVentureBeat - Paul SawersPatreon, a subscription and membership platform that lets creators on YouTube and elsewhere monetize their work, has raised $60 million in a series D round of funding led by Glade Brook Capital, with from
Twilio Fintech Startup Finix Raises $18 Million, Aims To Become The Twilio Of PaymentsForbesFinix CEO Richie Serna aims to help other companies become their own payment processors. Finix In the U.S., electronic payments is a highly regulated business whose esoteric ins and outs can make your
Symantec Symantec and Broadcom cease deal negotiations: SourcesCNBC - Thomas Franck Symantec and Broadcom have ceased deal negotiations, sources tell CNBC's David Faber. The people familiar with the matter added that Symantec would …
Tech Industry James Murdoch Makes Largest Deal Yet With Bet on Virtual RealityBloomberg - Christopher Palmeri, Anousha Sakoui James Murdoch, heir to billionaire media magnate Rupert Murdoch, has added the biggest reported investment yet to his closely watched portfolio: a …
Vista Equity Partners Vista raises $850 million for second early-stage software fund: sourcesReuters - Joshua Franklin(Reuters) - U.S. private equity firm Vista Equity Partners has raised $850 million for a second fund dedicated to investing in early-stage enterprise software companies, people familiar with the matter
Postmates Postmates has explored a sale to Uber or DoorDash instead of going publicRecode - Theodore SchleiferConsolidation seems inevitable. The US doesn’t need so many venture-backed companies in an industry defined by low margins, similar services, and fickle customer loyalty. And yet no end has appeared in
Technology Bird lost $100 million in Q1, wants to raise more money: reportBusiness Insider - Graham RapierBird has its eyes on another capital raise, The Information reported Thursday. The scooter company, one of the largest in a swarm of similar micromobility startups, has already raised $718 million in short
Shanghai Hellobike plans to lead China’s two-wheeler transport market as bike-sharing rivals strugglescmp.com - Zen Soo China’s bike-sharing craze may have cooled considerably, but Hellobike has no plans of letting up as its competitors struggle.The Shanghai-based …
McAfee McAfee plans return to public markets: WSJReuters - Reuters Editorial(Reuters) - Cybersecurity software firm McAfee Llc is planning a return to the public markets, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. An IPO could raise
Gear & Gadgets Luminar eyes production vehicles with $100M round and new Iris lidar platformTechCrunch - Devin ColdeweyLuminar is one of the major players in the new crop of lidar companies that have sprung up all over the world, and it’s moving fast to outpace its peers. Today the company announced a new $100M funding
Business Diversity In U.K. Venture Capital Firms Remains Shockingly LowForbes - Sam SheadU.K. venture capital firms aren't doing enough to diversify their workforces, according to a study sponsored by Silicon Valley Bank that was published on Thursday. Authored by nonprofit campaign group
Venture Capital The Q2 2019 Global Venture Capital Report: A Market Gone Sidewayscrunchbase.com - Jason D. Rowley For the global venture capital market, Q2 2019 breaks one trend and makes another.Using data and projections from Crunchbase, this report from …
Visual Studio Code Coding remix site Glitch hits 2.5 million appsThe Verge - Jacob KastrenakesGlitch, the quirky and collaborative coding site, announced a new milestone today: more than 2.5 million apps have been made on its website since it launched in 2017. (That’s up from 1 million apps just
Google Google makes another acquisition under its new cloud CEOCNBC - Lauren Feiner Google Cloud is making another acquisition under new CEO Thomas Kurian. The company plans to buy cloud storage company Elastifile, Google announced …
Virgin Galactic Branson’s Virgin Galactic Space-Tourism Venture to Go PublicBloomberg - Christopher Jasper and Angus Whitley Billionaire Richard Branson’s Virgin Galactic will become the world’s first publicly traded space-tourism venture by merging with an investment firm …
SEC Filing: Haystack Ventures Closed $50 Million For Oversubscribed Fifth Flagship...crunchbase.com - Jason D. Rowley On Friday, Haystack Ventures filed amended paperwork with the SEC disclosing the firm has raised $50 million for its fifth flagship venture capital …
Lance Armstrong Lance Armstrong’s Next Ventures Seeks $75Mcrunchbase.com - Mary Ann Azevedo Lance Armstrong’s Next Ventures LP has raised $24.5 million of a planned $75 million fund, according to a filing with the U.S. Securities and …
Tech Industry China's Venture Capital Boom Shows Signs of Turning Into a BustBloomberg - Peter Elstrom China went through a five-year surge in venture capital investment that fostered a new generation of startups from ride-hailing giant Didi Chuxing to …
Startups Uber rival Bolt has closed another tranche of funding at a $1B+ valuationTechCrunch - Ingrid LundenUber and Lyft going public may have put closer public scrutiny on the economics of ridesharing, but it hasn’t had a chilling effect on the level of competition in the space. In the latest development,
Softbank SoftBank gets green light for $2.25B GM Cruise investmentsiliconangle.com - Duncan Riley GM Cruise LLC, the self-driving car division of General Motors Co. is set to receive $2.25 billion in funding from Japanese telco giant SoftBank …
Entrepreneurship Venture capitalist Steve Case spreading funding to Middle America with Rise of the Rest - 60 MinutesCBS News - Sharyn Alfonsi For years, pundits have declared the United States has split into "Two Americas." A nation divided by politics, geography and the economy. But as we …
WeWork WeWork looking to raise up to $4 billion in debt ahead of IPO: sourcereuters.com - Joshua Franklin(Reuters) - Shared office space manager WeWork Cos is looking to raise $3 billion to $4 billion in debt before it goes public, a person familiar with the matter said on Sunday, a move aimed to fuel investor
Broadcom Dynatrace, a Cisco and Broadcom rival, is going public in an IPO that could raise as much as $300 millionBusiness InsiderDynatrace, which helps businesses track the performance of their software applications, filed to go public on Friday. Dynatrace is looking to raise $300 million in an initial public offering underwritten
Uber Grab Taps Experian For Another Cash Infusion For Its Never-Ending Series...crunchbase.com - Alex Wilhelm The story of Grab’s never-ending Series H added a chapter today as Experian, a credit-rating company, added capital to the well-known ridehailing …
Startups Bird investor Upfront Ventures eyes $250M growth fundTechCrunch - Kate ClarkUpfront Ventures, a Los Angeles-based venture capital firm, has filed paperwork with the U.S. Securities and Exchange Commission to raise its third growth-stage investment fund. Though the firm typically
Huawei Huawei is giving $300 million a year to universities with no strings attachedMIT Technology Review - Karen Hao Its new fundamental research division could help the company regain international favor and outmaneuver the US. In just the past week, the US’s stance …
Berlin E.Ventures raises $400 million for early-stage U.S. and European startupsVentureBeat - Dean TakahashiE.Ventures, a 20-year-old fund with headquarters in San Francisco and Berlin, has raised $400 million for two early-stage venture capital funds. The company has raised $225 million for a San Francisco-based
Startups KKR has acquired Corel (including its recent acquisition Parallels), reportedly for $1B+TechCrunch - Ingrid LundenOnly six months after snapping up virtualization specialist Parallels, Canadian software company Corel is itself getting acquired. TechCrunch has learned and confirmed with multiple sources that private
