Fundings and Exits

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. This week the crew — Katie Roof, Matthew Lynley, Alex Wilhelm — were joined by Barrett Daniels, the CEO of Nextstep Advisory, an IPO shop that helps companies go public. Guess what we talked about? Yes, we went back through the biggest
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Theranos has secured $100 million in debt financing. Yes, someone gave the blood testing company known for handing out questionable test results money. First reported by Business Insider, the company reportedly told investors it had secured the money from Fortress Investment Group, a New York-based private equity firm that was acquired by Softbank earlier this year.
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Inside baseball klaxon: media writing about media story incoming:: Mumbrella, the Australia-based media company, has been sold by its founders to U.S./APAC events company Diversified Communications. Mumbrella operates media and marketing industry-focused websites for Australia and Asia, an events business and a database service called The Source. It has 33 staff across four offices. The company started out
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China’s Didi Chuxing, the country’s top ride-hailing company, said today that it has raised $4 billion in new capital to support a range of new initiatives including international expansion. The company has already raised $13 billion from investors that include Alibaba, Tencent and Apple, and it said that this newest round will go towards developing
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Passport, company that’s managing much of the technical aspects of how people pay to use public transportation resources in cities like London, Miami and Los Angeles, has just raised $43 million. The money, from Bain Capital Ventures, will go to help the company expand its payment and transaction services nationally and internationally as cities and
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Convercent, a company that provides ethics and compliance software to businesses, today announced that it has raised a $25 million funding round led by Rho Ventures. Additional investors include Sapphire Ventures and Tola Capital. The idea behind Convercent is to give businesses the tools to, in MBA-speak, “operationalize ethics.” In practice, this means that the
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Dgraph is an increasingly popular open-source distributed graph database that uses a version of Facebook’s GraphQL as its default query language. Today, the company announced that it has raised $3 million in funding from Bain Capital Ventures, Atlassian co-founder Mike Cannon-Brookes, Blackbird Ventures and AirTree (this includes a $1.1 million seed round the company raised last year). The
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AxleHire, a last-mile logistics startup that facilitates deliveries for companies like HelloFresh, Freshly, Sun Basket, La Boulangerie and others, has raised $4.3 million from Acorn Pacific, RGA Ventures and others. AxleHire, which started back in 2015, is doing more than 150,000 shipments per month and bringing in $750,000 in monthly revenues. By April, AxleHire expects
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Airwallex, an Australia-based fintech startup that helps banks and businesses handle cross-border transactions at scale, has closed a $6 million investment ahead of a planned Series B next year. The new funding comes from Square Peg — a VC firm located in Melbourne, the same city as Airwallex HQ — which joins Tencent, MasterCard, Gobi Ventures and Sequoia
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Go-Jek, the company leading Uber and Grab in Southeast Asia’s largest market, has bagged a hattrick of deals to advance its mobile payment strategy. Indonesia-based Go-Jek revealed it has acquired offline payment firm Kartuku, payment gateway Midtrans and payment and lending network Mapan for undisclosed sums. The company started out in 2015 offering a ride-hailing service for motorbike
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