Fundings and Exits

A “dating app for teachers” is an odd but useful way to describe the startup Selected, which has just closed on $1.2 million in seed funding for its recruiting platform for educators. And, in all fairness, Selected said it first. The startup’s own website describes itself (a bit tongue-in-cheek) as a “dating app for job-seeking teachers
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Capital One has acquired the San Francisco-based digital identity and fraud alert startup Confyrm, the company announced through a blog post on Thursday. The deal will bring Confyrm’s technology to the bank in order to help speed its development and implementation of consumer identity services at scale. CEO Andrew Nash founded Confyrm in 2013, along
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Xiaomi’s much-speculated IPO process has kicked off officially after the Chinese smartphone giant filed to go public on the Hong Kong Stock Exchange. The first draft of its filing does not include proposed financial details of its listing, but the South China Morning Post reports that the eight-year-old company is shooting to raise $10 billion
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NSI Ventures, the Singapore-based VC firm affiliated with PE firm Northstar Group that invested early in ride-sharing unicorn Go-Jek, is going independent after it announced it has rebranded to Openspace Ventures. NSI Ventures was started by Hian Goh, an entrepreneur who sold his startup Asia Food Channel in 2013, and finance exec Shane Chesson in 2014. The firm
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Uber’s exit from Southeast Asia is under scrutiny from regulators in Singapore who believe that Grab’s purchase of the U.S. firm’s business in the region may violate competition laws. Singapore-based Grab, Uber’s chief rival in the region, announced the acquisition of Uber’s Southeast Asian business on Monday. In return, Uber is taking 27.5 percent of the Grab
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India’s Prime Venture Partners has refueled its tanks for more angel investing after it announced a new fund of INR 400 crore, or around $60 million. Started by three managing partners — serial entrepreneurs Sanjay Swamy, Shripati Acharya and Amit Somani — in 2011, this fund represents the third (and largest) investment vehicle for the firm. Its previous
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StatusToday, a London startup that is building out AI tech that it claims can help companies better understand their employees and in turn improve productivity, is disclosing $3.91 million in seed investment. The round is led by LocalGlobe, with participation from Notion Capital and Firstminute capital. Founded in 2015 after graduating from company builder Entrepreneur
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Finnish fintech startup Zervant, which provides online invoicing software for small business and entrepreneurs across Europe, has raised €6 million in funding. The round was led by Tesi, with participation from Northzone, NFT Ventures, and Conor Venture Partners. Founded in 2010 and headquartered in Espoo, Finland, Zervant offers simple invoicing software targeting micro enterprises in
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Big IPOs by the best-known brands tend to dominate attention in startup circles. Last year, for instance, it was hard to miss headlines about Snap’s monumental market debut. But when it comes to delivering significant returns on invested capital, it’s often lower-profile companies that come out on top. Startups like personalized fashion provider Stitch Fix and cancer therapy developer Impact
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Dropbox has filed confidentially for IPO, according to Bloomberg. TechCrunch has been hearing that the cloud company plans to go public in early 2018. The company did not respond to request for comment. The San Francisco-based business has been around since 2007 and there’s been speculation for years that it was getting closer to going public.
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