Robin And Saul Klein’s Localglobe Backs Online Mortgage Advisor Trussle

TC-IMAGE Localglobe, the new VC fund from father and son duo Robin and Saul Klein, has led a £1.1 million investment in online mortgage advisor Trussle. Others joining the round include notable U.K.-based investors Ed Wray, co-founder of Betfair, Dan Cobley, ex-Google U.K. MD, and Ian Hogarth, co-founder and chairman of Songkick. Read More

Revolut Gets More Funding For Its Mobile Foreign Exchange Service

Revolut British startup Revolut just closed its seed round. After announcing having raised $2.3 million this Summer, the company has added a couple of new investors. In total, the company has raised $4.8 million (£3.2 million) from Index Ventures, Balderton Capital, Seedcamp and Point Nine, Venrex and business angels. Read More

CustomInk Acquires Represent, A Custom Merchandise Marketplace for Influencers

CustomInk_Inkers Unite CustomInk, a leading player in the online custom appeal space, has announced it is acquiring Represent, a Los Angeles-based social commerce startup.
Sources close to the acquisition tell us the price tag was approaching $100 million, with it being a cash and stock deal.
Founded in 2014, Represent is similar to CustomInk in that it lets anyone create and sell apparel and accessories with no… Read More

“Think Of Foursquare More Like comScore Than Instagram” -Fred Wilson

foursquare-angled Foursquare is not a consumer social app business, it’s a data company. And only when it admitted that to itself and revalued as such was it able to pull in more capital and keep chugging. Today at LA’s Upfront Summit, Foursquare’s lead investor from Union Square Ventures Fred Wilson stuck up for the startup while trying to make people understand how it’s… Read More

Sonatype Snares $30 Million Investment Led By Goldman Sachs

Business man carrying an umbrella to protect him from digital rain. Sonatype, a company that helps customers create automated, policy-driven software component security, announced a $30 million round today led by Goldman Sachs. The investment was a mix of debt and equity financing and was handled by Goldman’s Principal Strategic Investments Group, rather than Goldman’s venture capital arm, Sonatype CEO Wayne Jackson explained. Although this… Read More

Cisco To Buy Jasper Technologies For $1.4 Billion

Cisco Headquarters Cisco announced today it was buying Jasper Technologies, a company that sells an Internet of Things cloud platform, for $1.4 billion. With Jasper, Cisco gets a company that understands the burgeoning Internet of Things market. While the IoT is term bandied about quite a bit, it simply means connected machines talking to one another over the internet. This could be industrial automation… Read More

Zillow Gets Naked

mobile-apps-5c3b04985b7bc98376dc70edab268918eee295d73ddbb1e76cb3c6aad5f63f92 Online real estate site Zillow today announced that it has acquired Naked Apartments for $13 million in cash. While the name makes it sound like some kind of kinky cleaning service, it’s actually an apartment rentals platform with a focus on New York City. The acquisition is expected to close in the next few weeks. Read More

SwiftKey’s Timely Exit

SwiftKey Another European startup exits to an American tech giant. Predictive keyboard app maker SwiftKey, based in London, confirmed today it has sold to Microsoft. Sources put a price-tag of $250 million on the deal, although neither SwiftKey nor Microsoft are confirming a figure. Read More

Founders Fund Backs Smart Lab Tech Startup Elemental Machines For $2.5 Million

9955408003_23c0d7ee2a_k Cambridge-based Elemental Machines is a software simulator startup made for the wet lab that hopes to reduce time and costs associated with drug research through data. It uses data gleaned in the lab to improve experimental reproducibility through simulation and Founders Fund (via FF Angel) thought that a novel enough idea to give Elemental Machines $2.5 million in seed funding. Founders… Read More

Lamudi, Rocket Internet’s Property Portal For Emerging Markets, Raises $31.4M

house-stack Lamudi, a real estate listings site backed by Rocket Internet, is in the money today after closing a fresh investment worth €29 million ($31.4 million) to grow its business in Asia and Latin America. Read More