The CareVoice raises $10 million to develop better tech for insurance providers in Asia

The CareVoice, a Shanghai-based health insurance software startup with ambitions to expand throughout Asia, announced today that it has raised about $10 million in Series A funding. The investment was led by LUN Partners Group and an undisclosed global investment manager that specializes in financial services, with participation from DNA Capital and returning investors SOSV and Artesian Capital. It will …

Remediant lands $15M Series A to disrupt privileged access security

Remediant, a startup that helps companies secure privileged access in a modern context, announced a $15 million Series A today led by Dell Technologies Capital and ForgePoint Capital. Remediant’s co-founders, Paul Lanzi and Tim Keeler, worked in biotech for years and saw a problem first-hand with the way companies secured privileged access. It was granted to certain individuals in the …

A $44m series B Drop in the bucket for millennial loyalty

Commerce and marketing are radically changing these days. Consumers are increasingly looking for brands they identify with, while at the same time, the cost of acquiring users is increasing year-over-year for marketers. For brands, that math makes marketing complicated: they want to reach the right customers with the most efficient acquisition channels in order to drive the best return. Toronto-headquartered …

YC is doubling down on these investment theses in its most recent batch

Nearly 200 startups have just graduated from the prestigious San Francisco startup accelerator Y Combinator. The flock of companies are now free to proceed company-building with a fresh $150,000 check and three-months full of tips and tricks from industry experts. As usual, we sent several reporters to YC’s latest demo day to take notes on each company and pick our …

Cosi raises €5M for its ‘full-stack’ hospitality alternative to boutique hotels

Cosi, a new Berlin-based startup operating in the hospitality space with an alternative to boutique hotels and managed short-stay apartments, has picked up €5 million in seed funding pre-launch. Leading the round are venture capital firms Cherry Ventures and e.ventures, with participation from a number of travel, real estate and hospitality entrepreneurs and experts. They include Nils Regge (founder of …

H2O.ai announces $72.5M Series D led by Goldman Sachs

H20.ai‘s mission is to democratize AI by providing a set of tools that frees companies from relying on teams of data scientists. Today it got a bushel of money to help. The company announced a $72.5 million Series D round led by Goldman Sachs and Ping An Global Voyager Fund. Previous investors Wells Fargo, NVIDIA and Nexus Venture Partners also …

PressReader aims to add more personalization to its digital news platform by acquiring News360

A pair of digital news companies are teaming up, with PressReader acquiring News360. PressReader was founded back in 1999 as Newspaper Direct. It now operates a platform that converts newspapers and magazines into digital formats, while offering a $29.99 monthly subscription that provides unlimited access to more than 7,000 of those titles. News360, meanwhile, is relatively youthful, having been founded …

IAC acquires nursing marketplace NurseFly for $15M

NurseFly, a startup that’s created a job marketplace for short-term nursing positions, is announcing its acquisition by holding company IAC. While the companies aren’t disclosing the deal terms, a source with knowledge of the acquisition said the price was $15 million. Co-founder and CEO Parth Bhakta told me that hospitals often hire travel nurses (signed for contracts of 13 weeks …

Who are the major revenue-based investing VCs?

David Teten Contributor More posts by this contributor How To Run Your Company Based On Metrics This guest post was written by David Teten, Venture Partner, HOF Capital. You can follow him at teten.com and @dteten. This is part of an ongoing series on Revenue-Based Investing VC that will hit on: So you’re interested in raising capital from a Revenue-Based …

Revenue-based investing: A new option for founders who care about control

David Teten Contributor More posts by this contributor Revenue-based investing: A new option for founders who care about control How To Run Your Company Based On Metrics Does the traditional VC financing model make sense for all companies? Absolutely not. VC Josh Kopelman makes the analogy of jet fuel vs. motorcycle fuel. VCs sell jet fuel which works well for …

Simon Data hauls in $30M Series C to continue building customer data platform

As businesses use an increasing variety of marketing software solutions, the goal around collecting all of that data is to improve customer experience. Simon Data announced a $30 million Series C round today to help. The round was led by Polaris Partners . Previous investors .406 Ventures and F-Prime Capital also participated. Today’s investment brings the total raised to $59 …

ClearBrain launches analytics tools focused on connecting cause and effect

Businesses need to understand cause-and-effect: If someone did X and it increased sales, or they did Y and it hurt sales. That’s why many of them turn to analytics — but Bilal Mahmood, co-founder and CEO of ClearBrain, said existing analytics platforms can’t answer that question accurately. “Every analytics platform today is still based on a fundamental correlation model,” Mahmood …

Flower delivery startup UrbanStems raises $12M to fund national expansion

UrbanStems is announcing that it has raised $12 million in Series B funding. CEO Seth Goldman told me the startup has already been using the money to expand nationally. He explained that UrbanStems now has two delivery models — there are bike couriers who deliver plants and flowers within two hours in New York City and Washington, D.C. (where the …

Making sense of the WeWork S-1 (or trying to)

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. Today is our promised Equity Shot (a short-form, single-topic episode) on the WeWork S-1. You can read Kate’s notes here, or Alex’s here as a place to start. Given that we didn’t know when the WeWork S-1 filing was going to make itself …

WeWork’s S-1 misses these three key points

No startup is as polarizing as WeWork, and for good reason. The company, whose relentless growth has seen it open 528 locations across 111 cities in just about nine years, has never been entirely forthcoming on exactly how the unit economics add up at its locations. And so we have had a beautiful Rorschach test for the financial class these …

WeWork reveals IPO filing

WeWork, now known as The We Company, released its IPO prospectus Wednesday morning months after filing confidentially to go public. Backed by billions by SoftBank and its monstrous Vision Fund, the exit is expected as soon as next month. The New York-based company, valued at $47 billion earlier this year, has long been rumored to be plotting a massive IPO …

Rocket Internet’s Caterwings acquires German business catering marketplace Lemoncat

Caterwings, the Rocket Internet-founded corporate catering marketplace that operates in 8 countries, has acquired German competitor Lemoncat. Terms remain undisclosed, although I understand from a source close to the company that it was an “8-digit all stock” deal and sees investors, which include Lukasz Gadowski, Target Global, Point 9, and Northzone, pick up shares in Caterwings’ parent company B2B Food …

WeChat Pay and Alipay partner QFPay raises $20 million to develop new digital payment solutions

Digital payments startup QFPay announced today that it has raised $20 million in new funding led by returning investors Sequoia Capital China and Matrix Partners. MDI Ventures, the investment arm of state-owned Indonesian telecom Telkom Indonesia, Rakuten Capital and VentureSouq also participated as new strategic investors. According to Crunchbase, this brings QFPay’s total raised so far to $36.5 million. The …

How lawyers help bring your acquisition deal to fruition

Last week when Salesforce announced it was buying ClickSoftware for $1.35 billion you might not have realized it, but the law firm Shearman & Sterling was advising Salesforce throughout the deal. In fact, there are lawyers involved in every transaction of this sort from the initial call to the closing. As you would expect, there are hundreds of tiny details …

Glow raises $2.3M to help podcasters make money

Glow is a new startup that says it wants to help podcasters build media business. That’s something co-founder and CEO Amira Valliani said she tried to do herself. After a career that included working in the Obama White House and getting an MBA from Wharton, she launched a podcast covering local elections in Cambridge, Mass., and she said that after …

Beynd gets $2M seed to improve customer experience with better onboarding

Customer experience is a term that gets bandied about quite a bit these days. If you can improve the customer experience, you can win more customers. Beynd, a Utah startup, wants to help by providing a better, more automated onboarding workflow. Today, it announced a $2 million seed round. The round was led by Peak Ventures with participation from Prelude …

Salesforce is acquiring ClickSoftware for $1.35B

Another day, another Salesforce acquisition. Just days after closing the hefty $15.7 billion Tableau deal, the company opened its wallet again, this time announcing it has bought field service software company ClickSoftware for a tidy $1.35 billion. This one is could help beef up the company’s field service offering, which falls under the Service Cloud umbrella. In its June earnings …

How to fundraise in August

August is often considered the black hole of venture capital fundraising. Everyone is on vacation (well, everyone who’s not a founder anyway), while half of Silicon Valley is slogging down to Black Rock City for Burning Man. It understandably can just seem like an exercise in futility to try to raise any funding at all. I’m here to tell you …

Rookout lands $8M Series A to expand debugging platform

Rookout, a startup that provides debugging across a variety of environments including serverless and containers, announced an $8 million Series A investment today. It plans to use the money to expand beyond its debugging roots. The round was led by Cisco Investments along with existing investors TLV Partners and Emerge. Nat Friedman, CEO of GitHub; John Kodumal, CTO and co-founder …

Can a radical new event disrupt how VCs raise funds, unlocking cash for Europe?

For many years there’s been an accepted way to raise capital as a venture capital fund. Essentially, GPs (General Partners who set up and run venture capital firms) go ‘cap in hand’ to LPs (Limited Partners who invest into their VC firms) in pension funds, privately run ‘family offices’, ‘ultra-high net worths’ and other such oddly-named financial institutions. These meetings …

Ticket marketplace TickPick raises $40M in its first institutional funding

TickPick was founded back in 2011, but it never raised any institutional funding — until now, with the announcement of a $40 million investment from PWP Growth Equity. Brett Goldberg and Chris O’Brien (who were college roommates before founding TickPick together and serving as co-CEOs) said they created the site as a marketplace where users could bid for tickets. However, …

Cockroach Labs announces $55M Series C to battle industry giants

Cockroach Labs, makers of CockroachDB, sits in a tough position in the database market. On one side, it has traditional database vendors like Oracle, and on the other there’s AWS and its family of databases. It takes some good technology and serious dollars to compete with those companies. Cockroach took care of the latter with a $55 million Series C …