Fundings & Exits Archive

Furlenco’s $30 million raise shows furniture rental is working for Indian millennials

The idea of ownership in the American economy has changed so much in recent years that it’s easy to forget the once high level of importance placed on it. If we think back, most of us can remember at-least one conversation with our parents about Uber or Airbnb that resulted in a lecture about the dangers of using other people’s things. Ajith Mohan Karimpana, the founder and CEO …

Moov locks down $12M Series B as it brings new wearables to market for real-time coaching

Motivation is hard to come by. If you’re lucky, you have friends that will go to the gym with you to keep you in line. If you’re wealthy, you can hire a personal trainer. But if your friends have long sense given up and your bank account is screaming mercy, your options are few and far between. The entire premise behind Moov is that wearables …

Productboard raises $1.3 million to help product teams prioritize what to build next

Productboard, the makers of a product management system that helps to organize user research and prioritize development tasks, has raised $1.3 million in seed funding to further its business. The round was co-led by Index Ventures and Credo Ventures, and included participation from Spread Capital. The service only officially launched last month at TechCrunch Disrupt SF 2016, following its beta testing period where it was already being used by …

SafetyCulture’s mobile safety management SaaS pulls in $23M Series B, led by Index

SafetyCulture, the maker of a b2b inspection checklist app called iAuditor, has pulled in a $23 million Series B funding led by Index Ventures. Also participating Blackbird Ventures and Atlassian co-founder Scott Farquhar, who led its Series A round in 2014. While the Australian-founded company started out way back 2004, with a mission to overhaul safety procedures in the b2b space, its flagship product — the iAuditor app — launched more recently, …

K Fund is a new €50M VC fund investing in early-stage Spanish startups

Joining the likes of Kibo Ventures, Seaya Ventures, Nauta Capital, and JME Ventures, Spain has a new VC on the block. K Fund is a €50 million fund that will invest in Spanish startups with an international outlook, making lead investments at both the seed and Series A stages, writing checks of between €100,000 to €2 million. I’m also told it will do follow-on rounds …

The loss of an ARM

Japanese telecoms firm SoftBank recently acquired British microchip manufacturer ARM Holdings. ARM’s shareholders approved the $32 billion deal at the end of August, and the company was delisted from the London Stock Exchange on September 5. The deal represents the largest acquisition of a European technology company. Ever. Since SoftBank’s intentions to take over ARM were revealed, there has been a slew of commentary mourning …

While the IPO market roars back, venture remains leery

Ben Narasin Crunch Network Contributor Ben Narasin was an entrepreneur for 25 years, a seed investor for 8 and is now a VC as a General Partner at Canvas Ventures. More posts by this contributor: How to join the network The IPO market is poised to make an almost complete 180° turnaround after a bleak Q1 and a very quiet summer. JPMorgan alone said they …

ComplyAdvantage raises $8.2M Series A to help firms manage compliance

Back in the days when I did a startup I almost de-railed our VC funding after discovering my passport had expired. Without it I couldn’t pass the anti-money laundering checks imposed on the fancy and overpriced London law firm we’d hired. Then we almost failed to open a bank account so we could actually receive the money because we were unable to fly over all …

Estonia’s Funderbeam is building a blockchain-based “stock exchange” for startups

Headed up by Kaidi Ruusalepp, who was previously CEO of the Nasdaq Tallinn stock exchange, Estonia’s Funderbeam is on a mission to build what she calls a “funding and trading engine for growth companies”. Providing tools to research, fund and trade in private companies, the bigger vision is to build something akin to a “stock exchange” for startups based on blockchain technology. To make that …

Online music and audio recording studio Soundtrap scores $6M Series A

Soundtrap, a cloud-based music and audio recording platform, has raised $6 million in Series A funding. Nordic VC firm Industrifonden led the round, with participation from an array of existing investors and other new backers, including Peter Sterky, former CFO and COO of Spotify. It brings total funding to $8.5 million. The innovative online music and audio recording studio Soundtrap, has received $6 million USD …