Category: Fundings and Exits

On-demand logistics startup Lalamove raises $10M more in push for profitability

Lalamove, one of a number of companies offering logistics on-demand in China and across Asia, has closed $10 million in funding as it targets profitability this year. The round was led by existing investor MindWorks with other existing investors, including China’s Crystal Stream (China), AppWorks (Taiwan), Aria Group (Hong Kong), taking part. In addition, Asia Plus from…

NuTonomy raises $16M to make self-driving taxis a reality by 2018

Another week, another story about a promising independent self-driving vehicle company. Last week, Otto came out of stealth to offer autonomous technology for trucks, and today MIT spinoff NuTonomy announced $16 million in funding to go after its ambitious goal of offering self-driving taxis within two years. Cambridge, MA-based NuTonomy was founded by MIT PhDs graduates Karl Iagnemma (CEO)…

Taipei-based startup Woomoo acqui-hired by Priceline

The six members of startup Woomoo’s team Woomoo, the startup behind app prototyping tool POP, has been acqui-hired by Priceline. All six of the company’s employees have relocated from Taipei, where Woomoo was based, to Bangkok to work on app development for Agoda, the hotel booking website owned by Priceline. The deal’s terms were undisclosed.…

BigID takes $2.1M to help enterprises grok customer data privacy risks

The risks for businesses associated with storing and processing the personal data of their customers are growing as data volumes continue to increase and regulators sharpen their claws over data protection. But those risks are of course just another startup opportunity. So step forward out of stealthy shadows BigID which has been quietly working on a plan to build an enterprise privacy…

Money transfer company TransferWise raises further $26M at a $1.1B valuation

After months of rumours, TransferWise, the London-headquartered money transfer startup and fintech darling, has confirmed that it has raised a further round of funding. Described as ‘top-up funding’, the $26 million round was led by investment management firm Baillie Gifford, with participation from existing investors. TechCrunch understands via two sources close to the company that this…