Archives

SoftBank Is Launching A $100 Million Fund To Invest In People Of Color

By Amit Chowdhry ● Jun 3, 2020

SoftBank Group Corp announced today that it is launching a $100 million to invest in companies that are “led by founders and entrepreneurs of color” called "Opportunity Growth Fund."

Gojek: Facebook And PayPal Joins As Investors

By Amit Chowdhry ● Jun 3, 2020

Facebook and PayPal are now investors in Indonesia-based Gojek. These are the details about the funding news.

Hylan And Sitetracker Sign Partnership

By Amit Chowdhry ● Jun 3, 2020

Sitetracker — a company that manages high-volume projects for infrastructure owners and operators, announced it is partnering with Hylan.

Business Process Automation Appway Company Raises $37 Million

By Amit Chowdhry ● Jun 3, 2020

Business process automation company Appway announced that it has raised a $37 million minority investment from Summit Partners.

Breast Cancer Screening Software Company Vara Closes €6.5 Million

By Noah Long ● Jun 3, 2020

Vara, a Berlin-based company that is on a mission to make breast cancer screening accessible around the world, announced it has raised a €6.5 million Series A round of funding led by OMERS Ventures.

Diabetes Solutions Company Bigfoot Biomedical Raises $55 Million

By Noah Long ● Jun 3, 2020

Bigfoot Biomedical has announced that it raised a total of $55 million to close its Series C equity financing.

Autonomous Mobile Robot Company Locus Robotics Raises $40 Million

By Dan Anderson ● Jun 3, 2020

Locus Robotics, a market leader in autonomous mobile robots (AMR) for fulfillment warehouses, announced that it raised over $40 million in Series D funding.

Twitter Promotes Patrick Pichette To Chairman Of The Board

By Noah Long ● Jun 3, 2020

Twitter has appointed Patrick Pichette as the company chairman.

Volkswagen Closes $2.6 Billion Investment In Argo AI

By Amit Chowdhry ● Jun 3, 2020

Argo AI, a self-driving company that spun out of Ford Motor Company, announced that it closed a $2.6 billion deal with Volkswagen AG.

BlackBerry Ltd (BB) Hires Tom Eacobacci From Citrix To Serve As President

By Amit Chowdhry ● Jun 2, 2020

BlackBerry Ltd (NYSE:BB) (TSX:BB) announced it has appointed Tom Eacobacci as President. These are the details about the hiring.

Mark Zuckerberg: Decision To Leave President Trump’s Posts Up Was ‘Wrenching’

By Amit Chowdhry ● Jun 2, 2020

Facebook CEO Mark Zuckerberg recently conducted a call with employees who were protesting about the inaction surrounding recent violence-inciting posts by President Trump. These are the details.

HubSpot (HUBS): Offering Of $400 Million In Convertible Senior Notes

By Amit Chowdhry ● Jun 2, 2020

HubSpot Inc (NYSE: HUBS) has announced the pricing of $400 million aggregate principal amount of Convertible Senior Notes due 2025 in a private offering to persons reasonably believed to be qualified institutional buyers.

OurCrowd Unveils $100 Million Pandemic Innovation Fund

By Amit Chowdhry ● Jun 2, 2020

OurCrowd — which is the world’s largest crowdfunded-venture investment platform — announced the launch of its Pandemic Innovation Fund with plans to raise $100 million for investment.

Shamrock Capital Buys Adweek

By Noah Long ● Jun 2, 2020

Los Angeles-based investment firm Shamrock Capital announced that it has acquired Adweek. These are the details.

Ares Management: $150 Million Capital Raised For IGS Resi Solar III

By Noah Long ● Jun 2, 2020

Ares Management Corporation (NYSE: ARES) — through funds managed by its Infrastructure and Power strategy and IGS Ventures — announced the completion of a $150 million capital raise for IGS Resi Solar III, LLC.

Vacasa Raises $108 Million In Funding Led by Silver Lake

By Noah Long ● Jun 2, 2020

Vacasa, one of the largest vacation rental management platforms, announced it has raised $108 million in funding led by Silver Lake.

Presto-Based Analytics Company Ahana Secures $2.25 Million Led By GV

By Amit Chowdhry ● Jun 2, 2020

Presto-based analytics company Ahana announced it raised $2.25 million in a round of funding led by GV.

Time-Saving Meal Service Tovala Raises $20 Million

By Dan Anderson ● Jun 2, 2020

Tovala, a time-saving meal service and countertop smart oven that scans, steams, broils, and bakes chef-crafted meals, announced it raised $20 million in Series B funding.

Splunk (SPLK) Announces Proposed Private Placement Of $900 Million Of Convertible Senior Notes

By Dan Anderson ● Jun 1, 2020

Splunk Inc (NASDAQ: SPLK) announced it intends to offer (subject to market conditions and other factors) $900 million principal amount of convertible senior notes due 2027 in a private placement to qualified institutional buyers.

Element5 Raises $2.5 Million In Seed Funding

By Annie Baker ● Jun 1, 2020

Element5, a San Jose, California-based company that is building homecare's first automation hub, announced it raised $2.5 million in a seed round of funding.

Early Cancer Screening AI Company Ezra Raises $18 Million

By Noah Long ● Jun 1, 2020

Ezra, a New York-based company that is advancing early cancer screening using MRI and artificial intelligence, announced that it has raised $18 million.

Equinix (EQIX) Buying 25 Data Center Facilities From BCE

By Noah Long ● Jun 1, 2020

Equinix Inc (NASDAQ: EQIX) announced it is buying 25 data centers at 13 sites from BCE Inc. (TSX: BCE) (NYSE: BCE) in an all-cash transaction valued at Cdn $1.04 billion.

Digital Freight Forwarder Beacon Raises Over $15 Million From Jeff Bezos And 8VC

By Dan Anderson ● Jun 1, 2020

Beacon, a London-based next-generation freight forwarding and supply chain finance company, announced it has raised over $15 million.

Lowe’s Companies (LOW) Announces Augmented Video Chat Service For Virtual Home Visits

By Amit Chowdhry ● Jun 1, 2020

To help keep Pros working, Lowe's Companies, Inc. (NYSE: LOW) announced the launch of Lowe's for Pros JobSIGHT powered by Streem, an augmented video chat service that enables Pros to conduct virtual home visits with customers.

Diodes Incorporated (DIOD) Enters Into New $670 Million Credit Agreement

By Noah Long ● Jun 1, 2020

Diodes Incorporated (Nasdaq: DIOD) has announced it entered into a new credit agreement that will provide a three-year secured $670 million credit facility.

Employee Rewards Platform Bonusly Raises $9 Million

By Annie Baker ● Jun 1, 2020

Recognition and rewards platform Bonusly announced it has raised $9 million in Series A funding.

Masmovil Ibercom SA (MAS) To Be Taken Private In $3.3 Billion Deal

By Annie Baker ● Jun 1, 2020

Spanish phone company Masmovil Ibercom SA (BME: MAS) will be taken private by three buyout funds as part of a 3 billion euros ($3.3 billion) deal.

Zynga (ZNGA) Is Buying Turkish Mobile Gaming Company Peak For $1.8 Billion

By Amit Chowdhry ● Jun 1, 2020

Zynga Inc (NASDAQ: ZNGA) announced it is buying Turkish mobile-game company Peak for $1.8 billion as part of a cash and stock deal.

Autonomous Mobile Robot Company OTTO Motors Raises $29 Million

By Dan Anderson ● Jun 1, 2020

OTTO Motors, a division of Clearpath Robotics, announced it raised $29 million in Series C funding.

Yum China Holdings (YUMC): Beyond Meat (BYND) Plant-Based Burgers Coming To China

By Amit Chowdhry ● Jun 1, 2020

Yum China Holdings Inc (NYSE: YUMC) announced it will bring the plant-based burgers made by Beyond Meat Inc (NASDAQ: BYND) to its fast-food restaurants in mainland China.