Category: Fundings and Exits

China’s Didi Chuxing is raising up to $6 billion at a valuation of over $50 billion

Didi Chuxing, the on-demand giant that drove Uber out of China, is set to become the world’s second-highest valued tech startup. Beijing-based Didi is in the process of raising a round that could reach as high as $6 billion at a valuation that would exceed $50 billion, a source with knowledge of discussions told TechCrunch. That’s not far from…

Everfi raises $190 million to teach life skills and touchy subjects online

Everfi Inc. has raised $190 million in Series D funding to teach students online the life skills and touchy subject matter that they never learned in school. A sampling of courses offered by Everfi range from “Harassment Prevention Training” for the workforce, to “Alcohol EDU” for college students and “Vault Understanding Money” for fourth-, fifth-…

Paktor, a major rival to Tinder in Asia, moves into live-streaming via merger deal

Dating app Paktor, often dubbed ‘The Tinder of Southeast Asia,’ just sealed up its move into live-streaming and media content after it announced a merger deal with Taiwanese startup 17 Media. Under the deal, a new company called M17 Entertainment has been created with shares from both Paktor and 17 Media, company representatives confirmed. They didn’t,…

Huddly raises $10M to “reinvent the camera” with a computer-vision platform for video meetings

Huddly, a Norway-based startup that sells a camera targeting remote company meetings (or huddles) and is building out what it describes as a “computer-vision” platform to help managers glean better data from those meetings, has raised $10 million in Series B funding. It brings total raised to $20 million, not including a $3 million research…

Spotify acquires blockchain startup Mediachain to solve music’s attribution problem

Spotify has acquired the Brooklyn-based blockchain startup Mediachain Labs, whose team will join the company’s office in New York where they will work on developing better technology for connecting artists and other rights holders with the tracks hosted on Spotify’s service. Prior to its acquisition, the startup had developed several technologies that could aid in these efforts,…

OverOps scores $30 million led by Lightspeed Ventures

OverOps, a startup that wants to help companies find software bugs more efficiently than by pouring over log files, announced a $30 million Series C round led by Lightspeed Ventures with participation from Menlo Ventures. Both are existing investors. In a nutshell, OverOps delivers a cloud or on-prem solution that helps developers and operations teams nail…