Fundings & Exits

Sprung From The Ashes Of Formspring, Spring.me Raises $5M To Create The “Friendliest Social Network”

Spring.me Spring.me, the new social network that was previously Formspring, has raised a total of $5 million in debt and equity seed funding from investors including Right Click Capital, Tank Stream Ventures, Nextec Strategic Capital, and Rubicon Project Founder Craig Roah. The company plans to use the funding to expand Spring.me in the U.S., where it just launched. Read More

Australian Service Directory Site Oneflare Raises $876,000 For International Expansion

Oneflare Oneflare, a local services marketplace based in Sydney, Australia, has raised an additional $1 million AUD (about $876,000), bringing its total funding so far to $1.5 million AUD (about $1.3 million). Investors include Les Szekely of Equity Venture Partners, Garry Visontay, of the Sydney Seed Fund and Dr. Jeffrey Tobias of The Strategy Group. The startup says it will use the capital on… Read More

Charlie Briefs You On Your Upcoming Meetings By Emailing You One-Pagers On Attendees

Screen Shot 2014-10-23 at 1.37.17 PM A new web application called Charlie has raised a seed round of $1.75 million led by Lightbank Capital. The product emails you short, automatically generated one-pagers detailing what you need to know about the people you’re about to meet with, based on your Google Calendar entries. Read More

Slack Is Raising Another Round At Up To A $1B Valuation

slack-large Slack, the enterprise collaboration platform co-founded by Stewart Butterfield of Flickr fame, continues to defy its namesake: we have heard from sources that the company is raising a new round of funding at a valuation of between $800 million and $1 billion, just six months after raising nearly $43 million. The total raise is said to be eight figures and Sequoia and KPCB are participating,… Read More

Early Stage Investor Version One Ventures Closes $35M Second Fund

Boris-Wertz-2 The Vancouver-based early stage investment fund Version One Ventures, led by founder and current Andreessen Horowitz board partner Boris Wertz, has closed its second fund of $35 million today. The venture firm, which also has offices in Palo Alto, secured the funding from Northleaf Venture Catalyst Fund, a recently created Canadian ‘fund-of-funds,’ and BDC Capital, as well as… Read More

Google’s DeepMind Acqui-Hires Two AI Teams In The UK, Partners With Oxford

oxford Earlier this year Google acquired DeepMind in the UK to expand the work that it is doing in artificial intelligence, and today the company announced that it is making some more significant moves to build this out even further. It is acqui-hiring the two academic teams of founders, seven people in all, behind Dark Blue Labs and Vision Factory, two deep learning startups based in the UK, and… Read More

Glamsquad Raises $7 Million For On-Demand Hair Styling And Beauty Services

GS_TechCrunch_Image (1) New York-based Glamsquad, an on-demand beauty business now headed by Gilt Groupe co-founder Alexandra Wilkis Wilson who joined earlier this year as co-founder and CEO, has now raised $7 million in Series A funding in a round led by SoftBank Capital. The company launched in January of this year in New York, and is now one of several services that bring professional hair stylists and makeup… Read More

Fitness Tracker Moov Raises $3 Million For Its Wearable A.I. Coach

App_Collection The crowdfunded fitness tracker Moov, built by former Apple engineer and HALO game designer Nikola Hu, Microsoft Research vets Meng Li (now Moov CEO) and Tony Yuan, has raised $3 million in new funding in a Series A round led by Banyan Capital. The additional capital follows Moov’s earlier raise of $1 million via a crowdfunding page on its own website.
There was early buzz around… Read More

Travel Search Company Skyscanner Acquires Budapest-Based Mobile App Developer Distinction

photo_aug_07_3_06_21_pm Skyscanner, the travel search company headquartered in Edinburgh, Scotland (and a veteran of the space), is consolidating its mobile strategy today with the acquisition of Budapest-based app developer Distinction. Read More

Carmel Ventures Raises $194M From Investors Including Baidu

RMB Israeli venture capital firm Carmel Ventures has closed its latest investment fund worth $194 million. Called Carmel Ventures IV, the fund’s investors include several major Chinese companies, including Baidu (the maker of China’s biggest search engine), mobile services provider Qihoo, and financial conglomerate Ping-An. Other investors include Horsley Bridge Partners. Read More