Make way for another juggernaut amongst enterprise startups: Rubrik, a data backup company that only emerged from stealth in 2015, is in the process of raising between $150 million and $200 million on a valuation of $1 billion as the company enters a period of strong demand for its storage and data management products, according… Continue reading Data management startup Rubrik is raising up to $200M on a $1B valuation
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Breaking records, enterprise fundings are up nearly 80% in Q1 2017
After a lackluster year for enterprise technology venture capital investments, 2017 kicked off with a record breaking quarter for enterprise technology startups. Following 4 straight quarters of decreasing investment, investors poured a record-breaking $5 billion dollars into enterprise technology startups in the first quarter of 2017 alone – a nearly 80% increase from the previous… Continue reading Breaking records, enterprise fundings are up nearly 80% in Q1 2017
Flipkart raises $1.4 billion from eBay, Microsoft and Tencent at an $11.6 billion valuation
Following months of rumors, Indian e-commerce giant Flipkart has confirmed that it has raised $1.4 billion in new funding at a post-money valuation of $11.6 billion to battle Amazon and Alibaba. The deal includes some big name strategic investors: China’s Tencent, eBay and Microsoft, which joint existing Flipkart backers that include Tiger Global, Naspers, Accel and DST Global.… Continue reading Flipkart raises $1.4 billion from eBay, Microsoft and Tencent at an $11.6 billion valuation
MasterClass raises $35 million for celebrity taught classes
If you want to learn something new, learn it from the master. That’s the thesis behind MasterClass, which offers tennis tips from Serena Williams, cooking advice from Gordon Ramsay and vocal training from Christina Aguilera. The startup offers online courses from leaders in their field, charging about $90 for the hours long sessions. Students also have access to… Continue reading MasterClass raises $35 million for celebrity taught classes
Snapchat is already more valuable than these 9 companies
Snap Inc., the parent company of Snapchat, had a stellar first day in its public debut on the New York Stock Exchange, popping 44%. The self-proclaimed camera company that began its roots as an ephemeral photo-sharing app first priced its IPO at $17 per share on Wednesday. The stock opened at $24 and closed the day at… Continue reading Snapchat is already more valuable than these 9 companies
B.C. tech startups threaten to disrupt ‘dinosaur’ industries
Another helps farmers boost their crop yields with a mobile app that manages operations from seed to sale. A third new technology firm aims to replace conventional bank accounts with only a card and an app. Continued on source.
A new way for founders to connect with the right VCs
A young Silicon Valley venture firm is taking the wraps off a piece of software that it says makes it a cinch for founders to figure out which VCs are worth approaching, based on stage, sector, and a variety of other factors. Continued on source.
In San Francisco, lease prices hold steady, but landlords offer more perks
Leasing commercial space in San Francisco is as expensive as ever, but prices are mostly holding steady for the first time in a long time — not rising. That shift has landlords offering more perks and brokers wondering what’s next. Their obvious concern: that good times can’t last forever, especially for venture-backed companies that aren’t IPO candidates and… Continue reading In San Francisco, lease prices hold steady, but landlords offer more perks
Grab is buying Indonesian payment firm Kudo in its first major acquisition
Uber’s Southeast Asia rival Grab is in the process of buying up Indonesia-based online payment startup Kudo in its first major acquisition. A source close to discussions confirmed to TechCrunch that talks are ongoing and a deal could be announced as soon this week. Reuters first reported the deal, which it said would be over $100 million however our source suggested… Continue reading Grab is buying Indonesian payment firm Kudo in its first major acquisition
2017 is the year your startup gets funded
The turn of the calendar is cathartic for entrepreneurs — there’s something about starting a new year that inspires folks to launch a new startup, build a new product or raise capital. If you’re starting to raise capital, this is your guide. Let’s get to it. Continued on source.