Category Archives: Fundings & Exits

Ex-Googlers meld humans & machines at new cobotics startup Formant

Our distinct skill sets and shortcomings mean people and robots will join forces for the next few decades. Robots are tireless, efficient and reliable, but in a millisecond through intuition and situational awareness, humans can make decisions machine can’t. Until workplace robots are truly autonomous and don’t require any human thinking, we’ll need software to supervise them at scale. Formant comes out of stealth today to “help people speak robot,” says co-founder and CEO Jeff Linnell. “What’s really going to move the needle in the innovation economy is using […]

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A month after $70M, Clearbanc raises $50M fund to front startups ad money

Clearbanc is disrupting startup funding by providing companies cash to buy ads in exchange for a revenue share so they don’t have to sell as much equity to venture capitalists. That idea has proven so appealing that 1000 companies seeking up to $1 billion total hit up Clearbanc since we reported it raised $70 million last month. So to meet the demand of the most eligible startups asking for marketing cash, Clearbanc has just raised a $50 million fund from Seamless co-founder Jason Finger’s new firm Upper90. […]

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B-Social raises £3.2M seed round to begin building a ‘social’ bank

B-Social, a London fintech that currently offers a “social finance” app and beta debit Mastercard, has raised £3.2 million in seed-round funding from undisclosed high-net-worth individuals. However, the fundraise is just the first step in a journey in which B-Social wants to eventually become a fully licensed bank that reimagines banking around everyday social interactions. As it exists today, the B-Social app and accompanying card enables users to have control over everyday spending, track expenditures and create groups between friends to split bills and record settlements. It’s […]

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International money transfer company TransferGo scores $17.6M Series B

TransferGo, the London-based international money transfer startup, has raised just over $17.6 million in Series B funding, including an earlier tranche of funding closed in May. The round is led by Vostok Emerging Finance and Silicon Valley’s Hard Yaka, with participation from Revo Capital, U-Start Club and Practica Capital. The figure also includes around $830,000 in equity crowdfunding via Seedrs. Founded in 2012, TransferGo currently operates in 47 countries around the world, with offices in London, Vilnius, Berlin, Warsaw and Istanbul. It claims a customer base of […]

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They scaled YouTube — now they’ll shard everyone with PlanetScale

When the former CTOs of YouTube, Facebook and Dropbox seed fund a database startup, you know there’s something special going on under the hood. Jiten Vaidya and Sugu Sougoumarane saved YouTube from a scalability nightmare by inventing and open-sourcing Vitess, a brilliant relational data storage system. But in the decade since working there, the pair have been inundated with requests from tech companies desperate for help building the operational scaffolding needed to actually integrate Vitess. So today the pair are revealing their new startup PlanetScale that makes it […]

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Farfetch bets on sneakers with $250M Stadium Goods acquisition

The lines between streetwear and luxury fashion have blurred in recent years, especially as excitement around sneaker brands like Yeezy and Off-White has soared. A marriage between a luxury fashion marketplace and a sneaker and streetwear reseller seems like a natural way to wrap up M&A in 2018. With that said, Farfetch has acquired New York-based Stadium Goods, opting to pay $250 million for the sneaker startup in a combination of cash and Farfetch stock. Headquartered in London, Farfetch went public on the New York Stock Exchange […]

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YayPay raises $8.4 million for its accounts receivable service

Fintech startup YayPay just raised another $8.4 million for its software-as-a-service solution focused on collecting money from outstanding invoices. The company participated in TechCrunch’s Startup Battlefield several years ago. Information Venture Partners led today’s funding round with existing investors Birchmere, QED, Fifth Third Capital, Gaingels and 500 Fintech Fund also participating. YayPay targets large companies with an accounting department. The startup provides the perfect service to handle unpaid invoices. YayPay analyzes previous invoices and predicts when you’re supposed to get paid depending on the client and the […]

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LeanIX, the SaaS that lets enterprises map out their software architecture, closes $30M Series C

LeanIX, the Software-as-a-Service for ‘Enterprise Architecture Management’, has closed $30 million in Series C funding. The round is led by Insight Venture Partners, with participation from previous investors Deutsche Telekom Capital Partners (DTCP), Capnamic Ventures, and Iris Capital. It brings LeanIX’s total funding to nearly $40 million since the German company was founded in 2012. Operating in the Enterprise Architecture space, previously the domain of a company’s IT team only, LeanIX’s SaaS might well be described as a “Google Maps for IT architectures”. The software lets enterprises […]

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Flipdish raises €4.8M Series A to wean restaurants off takeout aggregators like Just Eat

Flipdish, the online ordering and loyalty platform for takeaways and restaurants, has closed a €4.8 million in Series A funding. The round is led by Rocket Internet’s Global Founders Capital, with participation by existing investor Elkstone. Founded in 2015, Flipdish enables restaurants to directly accept online orders and manage their online presence and operations in a bid to help wean them off over-reliance (or order hijacking) by takeout marketplaces and aggregators, such as Just Eat or Deliveroo. Specifically, the Irish startup enables individual restaurants and restaurant chains […]

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Tiger Global and Accel lead facility management startup Facilio’s $6.4M Series A

Facilio, an IoT startup that focuses on facility management software, announced today that it has raised a $6.4 million Series A led by Tiger Global and returning investor Accel. The funding will be used to expand further in India, where Facilio has an office in Chennai, the United States, and the Middle East, as well as enter new markets. Facilio is also one of the first new Indian companies Tiger Global has added to its portfolio since hitting pause on new investments there in 2015. Led by […]

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