Monthly Archives: November 2018

RideCell expands funding round to $60 million

RideCell, a transportation software startup, has doubled its previously announced Series B funding round to $60 million, a sign that investors believe demand for cloud-based mobility platforms will grow as more companies try to scale up car-sharing, ride-hailing and even robotaxi businesses. The company, which has developed a platform designed to help car-sharing, ride-sharing and autonomous technology companies manage their vehicles, announced it raised $28 million in May. Activate Capital led this round; its co-founder and managing director Raj Atluru has joined RideCell’s board. Reinsurance group Munich Re’s […]

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WeRecover, the Kayak for addiction recovery, raises $2M

Approximately 90 percent of people in need of rehabilitation services for drug and alcohol abuse don’t have access to them, according to a Substance Abuse and Mental Health Services Administration survey. Why? Often, because they don’t know where to look. Santa Monica-based WeRecover wants to fill that information gap with its Kayak-like online booking engine for rehab centers. The startup’s matching algorithm pairs people with an accredited rehab center with open beds, tailored to that person’s budget, insurance, clinical needs and location. The goal is to make it easier for anyone […]

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WeWork picks up ANOTHER $3B from SoftBank

WeWork has picked up another $3 billion in financing from SoftBank Corp, not to be confused with SoftBank Vision Fund. The deal comes in the form of a warrant, allowing SoftBank to pay $3 billion for the opportunity to buy shares before September 2019 at a price of $110 or higher, ultimately valuing WeWork at $42 billion minimum. In August, SoftBank Corp invested $1 billion in WeWork in the form of a convertible note. According to the Financial Times, SoftBank will pay WeWork $1.5 billion on January […]

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Atolla uses machine learning to address your skin care needs

Atolla, a skin care startup that got its roots at MIT, is launching a Kickstarter campaign to help people achieve their skin goals. Atolla uses machine learning to identify skin health issues and then recommend the right skin care products based on what affects your skin. Atolla comes as a monthly subscription, with the idea being that you test your skin every month to see how it changes depending on the season. The kit allows you to test for oil, moisture and pH. Every month, you receive […]

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Meditation app Simple Habit raises $10 million Series A

Five-minute meditation app Simple Habit announced today that it has raised a $10 million Series A, led by Foundation Capital. The round brings the developer’s total funding up to $12.5 million, following a $2.5 million seed last year. The Shark Tank alum has been kicking since 2016, the result of CEO and co-founder Yunha Kim’s attempt to build a kind of “Spotify for Meditation.” The startup graduated Y Combinator in April of last year and has made a large push to increase available content. The company has […]

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Okay, one final Form D note

Some more comments from readers on the changing culture around startups filing their Form Ds with the SEC, and then a short update on SoftBank and a bunch more article reviews. We are experimenting with new content forms at TechCrunch. This is a rough draft of something new – provide your feedback directly to the authors: Danny at danny@techcrunch.com or Arman at Arman.Tabatabai@techcrunch.com if you like or hate something here. Lawyers are pretty uniform that disclosure is no longer ideal If you haven’t been following our obsession […]

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BlaBlaCar to acquire Ouibus and offer bus service

French startup BlaBlaCar is announcing plans to acquire Ouibus, the bus division of France’s national railway company SNCF. For the first time, BlaBlaCar is moving beyond carpooling and plans to offer both long-distance carpooling rides and bus rides. BlaBlaCar already ran a test with Ouibus for the past six months on popular corridors. It looks like both companies are happy with this test as SNCF is willing to let BlaBlaCar run Ouibus from now on. As part of this deal, BlaBlaCar is announcing a new $114 million […]

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Audioburst turns the best part of podcasts into personalized news briefs

Tel Aviv-based Audioburst has been developing a search engine for audio news, which allows users to locate audio content within podcast and other talk radio programs. Today, the company is capitalizing on its technology to launch personalized playlists that deliver custom newsbriefs that get better over time the more you use the product. The feature has been built using deep A.I. learning, the company says. The content itself is drawn from top podcasts and the radio stations in Audioburst’s index, and will alert you to new information […]

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Framer, the interactive design platform, scores $24M Series B led by Atomico

Framer, the Amsterdam-based startup behind interactive design platform Framer X, has raised $24 million in Series B investment. The round is led by European VC firm Atomico, with participation from Accel, and AngelList. The startup says it will use the new capital to continue building out its platform for designers and product teams. It brings the total raised to date by Framer to $33 million. Founded by ex-Facebookers Koen Bok and Jorn van Dijk, Framer has set out to ride (and power) a trend that is seeing […]

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London’s transport regulator looks to startups to help fix urban mobility

London’s transport regulator, TfL has announced a partnership with Bosch for its forthcoming co-working space in Shoreditch. The civic tech project is intended to run for 18 months as a pilot — though Bosch’s ‘Connectory’ co-working facility won’t open until the end of January. A company spokeswoman confirmed the partnership is nonetheless up and running now. The aim of the collaborative project is to share data and expertise, including by tapping into London’s startup ecosystem, to land on new ideas for tackling urban mobility issues — from […]

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