Startups Posts

AvantCredit raises $275 million from Tiger Global and Victory Park

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AvantCredit is a Chicago-based online consumer lender that has raised $75 million in Series C funding led by Tiger Global Management.

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Google acquires DrawElements for more than $10 million

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Google has acquired Helsinki-based 3D graphics startup DrawElements for more than $10 million. The terms of the deal were undisclosed, but Arcticstartup.com reported that it was over $10 million.

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Cloud accounting company Freshbooks raises $30 million in funding

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Freshbooks is a cloud accounting service that has raised $30 million in its first round of funding. Small businesses use Freshbooks to manage contractors through the web and mobile devices. This new round of funding will help Freshbooks gain a larger marketshare of the cloud accounting market. Oak Investment Partners led this round of funding with participation from Atlas Ventures and Georgian Partners.

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LinkedIn Corp (LNKD) to acquire Bizo for $175 million

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LinkedIn Corp (NYSE:LNKD) has announced that it has acquired Bizo. Bizo is a company that helps advertisers reach a target audience. The deal is valued at $175 million — 90% cash and 10% stock.

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Report: Yahoo! Inc. (YHOO) acquires Flurry for over $200 million

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Yahoo! Inc. (NASDAQ:YHOO) is now hitting around 450 million monthly active users per month and its search and display mobile ad revenues grew 100%. According to reports, Yahoo! has closed on an acquisition for Flurry at a price of over $200 million.

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Urban Compass raises funding at $360 million valuation

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Urban Compass, a website to help find apartments to buy and rent, has raised $40 million in funding from Advance Publications Inc., Marc Benioff, Thrive Capital, Founders Fund, .406 Ventures and American Express CEO Kenneth Chenault.

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Zillow acquires Retsly

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Zillow, one of the largest real estate websites, has announced recently that it has acquired Retsly. Retsly is a software company that normalizes real estate data from multiple listing services so that developers can build data driven products for the real estate market. Retsly also offers MLSs with tools to manage software applications for their respective markets. Zillow did not disclose the value of the deal.

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Care.com acquires Citrus Lane for up to $48.6 million

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Care.com is a company that runs an online marketplace for finding and managing family care support like babysitters and caregivers. Care.com recently announced that it has acquired e-commerce company Citrus Lane. Citrus Lane hit $6 million in 2013 and it was expected to hit around $12 million this year. Citrus Lane has over 400,000 members and 45,000 paying subscribers. The company raised $6.6 million in venture capital from investors like Greylock Partners and GGV. Citrus Lane sells monthly subscription boxes of products that are aimed at kids.

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