Tech Weekly Newsletter: September 11, 2016

Last week, today

  • 9/2 – Rocket Internet pre-emptively disclosed that it’s numbers are going to look baddd (TechCrunch)
  • 9/5 – European VC, Northzone, has closed its 8th fund, a €300M early stage fund to focus on investments in the Nordics, London and Berlin (TechCrunch)
  • 9/6 – Intel is buying Movidius, a chipmaker that makes computer vision processors used in drones and virtual reality devices (Re/Code)
  • 9/6 – Palantir filed a lawsuit against an early investor, Marc Abramowitz, alleging that he stole confidential information (Fortune)
  • 9/6 – Twitter’s board is reportedly taking a long look at the Company’s fate as a public company at its upcoming board meeting (Re/Code)
  • 9/6 – Postmastes is reportedly raising at least $100M in a round led by Founders Fund (TechCrunch)
  • 9/6 – Oracle acquired LogFire, a warehouse management system that was backed by Edison Partners, for an undisclosed amount (ZDnet)
  • 9/6 – Box and IBM are jointly creating a new collaboration app due out in January 2017 (Fortune)
  • 9/6 – Dell said its revenue rose 0.6% ahead of the close of its acquisition of EMC (WSJ $)
  • 9/6 – After being rumored to be interested in an acquisition of Slack, Microsoft is now working on Skype Teams, its own Slack competitor (MS Power User)
  • 9/6 – A new report by eMarketer is forecasting that Snapchat revenue will generate $367M in 2016 and $935M in 2017 (TechCrunch)
  • 9/7 – FireEye founder Ashar Aziz is resigning from its board of directors according to an 8-K filing that sounded like my parents in noting that the split was “not the result of any disagreement” (Seeking Alpha)
  • 9/7 – An IPO by Snapchat in late 2016 or at some point in 2017 is “likely” according to the Information (The Information $), but maybe not as they hired Morgan Stanley to raise a credit facility (Re/Code)
  • 9/7 – Intel spins out Intel Security/McAfee to form a new business that was valued at $4.2B. Intel received $3.1B in cash and will retain 49% ownership in the Company. TPG is putting $1.1B into the Company to help the transition and accelerate growth (TechCrunch)
  • 9/7 – Coupa* filed to go public.  Here is the S-1 and here is an analysis of it. The Company also announced that Steve Winter, most recently EVP of Field Operations at Marketo*, would join the company as CRO (VentureBeat)
  • 9/7 – Microsoft is building out data centers in the UK (Fortune)
  • 9/7 – Eventbrite cofounder, Kevin Hartz, is joining Founders Fund as a partner (TechCrunch)
  • 9/7 – Apple’s new iPhones will not have a headphone jack and some other sh*t was announced. Here’s a Buzzfeed article on why
  • 9/7 – Goldman Sachs has moved to open source one of its most valuable technologies (WSJ $)
  • 9/7 – Google is teaming up with Box to “deliver more of Google’s apps to business customers” (Re/Code)
  • 9/7 – HP Enterprise is spinning off $8.8B in non-core software assets and merging them with MicroFocus. HPE will retain 50.1% stake in the business and receive $2.5B in stock (TechCrunch)
  • 9/7 – Grand opening, grand closing – Scott Belsky, the former CEO of Behance (acquired by Adobe) has stepped down as a General Partner at Benchmark (Fortune)
  • 9/8 – MapR has elected to promote from within, giving the Chief Executive nod to President Matt Mills, replacing founder John Schroeder (WSJ)
  • 9/8 – Glassdoor has acquired Love Mondays, what was dubbed the “Glassdoor of Latin America” for an undisclosed amount (TechCrunch)
  • 9/8 – Dustin Moskovitz, the CEO of Asana and co-founder of Facebook, commits $20M to help prevent Donald Trump from being elected. Here is his post on it
  • 9/8 – Revel Systems, which is said to be in discussions to be sold to IBM, inked a deal with Shell to implement point-of-sale systems globally (TechCrunch)
  • 9/8 – Menlo Ventures has (re)hired Shawn Carolan as a Managing Director leading their consumer practice (VentureBeat)
  • 9/8 – Sources say that Jack Dorsey only has a few more quarters to turn things around at Twitter (CNBC)
  • 9/8 – First Round Capital co-founder, Howard Morgan, is stepping down as a partner at year end when the firm begins investing out of its $175M new fund (Fortune)
  • 9/8 – In a bigger deal than it is acquisition, Google is acquiring Apigee for $625M (TechCrunch)
  • 9/8 – Dell will look to cut at least 2,000-3,000 jobs later this year after acquiring EMC (Bloomberg)
  • 9/9 – Jessica Alba’s Honest Company is in talks to be sold (according to Re/Code) to a giant CPG business.. likely either P&G or Unilever (Re/Code)
  • 9/9 – Iconiq Capital is raising a new subsidiary to invest in technology-related real estate including data centers (Bloomberg)
  • 9/9 – Amazon is said to be seeking streaming sports video rights according to Bloomberg (Bloomberg) and planning to double down on in-store retail with 100 pop up stores in US shopping malls (Business Insider)

Fundings

  • 9/8 — OfferUp, a Seattle-based mobile marketplace for U.S. buyers and sellers, has raised $119 million in Series C-1 funding at a valuation north of $1 billion. Warburg Pincus led the round.
  • 9/7 —Postmates is close to finalizing a fundraise of at least $100 million in a round led by Founders Fund.
  • 9/9 — BYJU, an Indian ed-tech startup, has raised $50 million in new VC funding at a reported $500 million valuation. The Chan Zuckerberg Initiative and Sequoia Capital co-led the round.
  • 9/7 — PillPack, a 3.5-year-old, Cambridge, Ma.-based online pharmacy, is raising up to $40 million in new funding.
  • 9/9 — Celeno, an 11-year-old, Ra’anana, Israel-based company that’s making chips for high-speed WiFi, has raised $38 million in Series F funding led by Temasek-backed Red Dot Capital Partners.
  • 9/9 — SessionM, a Boston-based mobile marketing automation and loyalty platform, has raised $35 million in growth equity funding. General Atlantic led the round.
  • 9/9 — Blackstorm, an app distribution startup, has raised $33.5 million in new VC funding. Backers include Rakuten, Highland Capital Partners, Alsop Louie and individual angels.
  • 9/8 — HashiCorp, a San Francisco-based DevOps infrastructure startup, has raised $24 million in Series B funding. GGV Capital led the round.
  • 9/9 — Signifyd, a San Jose, Calif.-based provider of fraud protection for e-commerce businesses, has raised $19 million in third-round funding from TriplePoint Capital, American Express Ventures and return backer Menlo Ventures.
  • 9/7 —  GoSpotCheck, a Denver-based field execution management platform, has raised $16.5 million in Series B funding. Insight Venture Partners led the round.
  • 9/6 — Saildrone, an Alameda, Calif.-based provider of ocean data collected by a fleet of autonomous sailing drones, has raised $14 million in Series A funding. Social Capital led the round.
  • 9/9 — SmartAsset, a New York-based, has raised $12 million in Series B funding. IA Capital Group led the round.
  • 9/8 — WSC Sports Technologies, an eight-year-old, Ramat Gan, Israel-based developer of a real-time, customized video creation platform for sports broadcasts, has raised $12 million in Series B funding led by Intel Capital.
  • 9/9 — Beeswax, a two-year-old, New York-based startup that offers what it calls a bidder-as-a-service — a set of customizable technologies that allows customers to participate in real-time bidding for ad inventory — has raised $11 million in Series A funding led by Foundry Group and RRE Ventures.
  • 9/7 — Cheddar, a live news and entertainment startup, has raised $10 million in new VC funding. Return backer Lightspeed Venture Partners led the round.
  • 9/7 — MP Objects BV, a Dutch provider of customer chain control SaaS, has raised $10 million in growth equity funding from Updata Partners.
  • 9/7 — Media Startup X, an stealthy startup from Politico co-founder Jim VandeHei, has raised around $10 million in VC funding from firms like Lerer Hippeau Ventures and NBC Universal.
  • 9/9 — Away, a New York-based luggage startup, has raised $8.5 million in Series A funding. Global Founders Capital led the round.
  • 9/9 — Proov.io, a platform that connects enterprises to independent software vendors, has raised $7 million in Series A funding from Mangrove Capital Partners and OurCrowd.
  • 9/9 — Shippo, a San Francisco-based provider of enterprise shipping services, has raised $7 million in Series A funding. Union Square Ventures led the round.
  • 9/8 — Dizzion Inc., a Denver-based provider of end-user computing services, has raised $6.4 million in new VC funding. Grotech Ventures and Access Venture Partners co-led the round.
  • 9/9 — Zenedge, a two-year-old, Aventura, Fla.-based cyber security company, has raised $6.2 million in Series C funding led by growth equity investor Pilot Growth Equity.
  • 9/8 — Jobbio, a careers marketplace that connects employers with jobseekers, has raised €5 million ($5.6 million) in a series A round led by NJF Capital.
  • 9/7 — DailyPay Inc., a New York-based provider of daily payment solutions to employees and contractors, has raised $5 million in Series A funding. RPM Ventures led the round.
  • 9/7 —  Intensity Analytics, a Warrenton, Va.-based data security startup, has raised $5 million in VC funding from undisclosed investors.
  • 9/7 —  kWh Analytics, a San Francisco-based risk management platform for the solar industry, has raised $5 million in Series A funding. Anthemis Group led the round, and was joined by ENGIE.
  • 9/8 — Octiv, an Indianapolis-based provider of sales productivity solutions, has raised $4.75 million in VC funding from GE Ventures, Greycroft Partners, High Alpha Capital and Allos Partners.
  • 9/6 — VizEat, a Paris-based social dining startup that lets travelers eat in locals’ homes, has raised €3.8 million in new VC funding from backers like Eurovestech.
  • 9/7 — Callstats.io, a Finnish provider of video call performance analytics, has raised $3 million in Series A funding led by True Ventures.
  • 9/9 — LiveStories, a Seattle-based data hub for government, has raised $3 million in seed funding. True Ventures led the round.
  • 9/6 — Divido, a British payment startup that lets consumers spread costs over a period of time (while merchants get paid in full immediately), has raised £2.5 million in seed funding co-led by Mangrove Capital and DN Capital.
  • 9/9 — Fluent City, a New York-based provider of foreign language and culture classes, has raised $2.5 million in new VC funding. Backers include Learn Capital, New Ground Ventures and 1776 Ventures.
  • 9/8 — Nextail, a Spanish provider of inventory management SaaS, has raised $1.6 million in new VC funding. Nauta Capital led the round.
  • 9/8 — Ousta, an Egyptian ride-hailing app, has raised $1.25 million in bridge funding, according to TechCrunch.
  • 9/9 — Connected2Fiber, a Hopkinton, Mass.-based market participation SaaS platform for the telecom network industry, has raised $1.2 million in seed funding led by Nauta Capital.
  • 9/6 — Zettabox, a London-based provider of cloud storage and big-file transfer services for the enterprise, has raised an undisclosed amount of VC funding from individuals like Henrik Kraft (ex-KKR).

Random, long reads
The Legend of Elden Kidd, America’s Most Dedicated, Most Creative People Smuggler (GQ) – A decade in the life of our country’s wiliest coyote.

Inside the Cutthroat Rivalry Between Two of L.A.’s Elite Preschools (LA Mag) – Money. Gossip. Ambition. When the cofounders of Santa Monica’s Cassidy Preschool left to start a new school, things got ugly fast

Through the Looking Glass (Mary Review) – In the bizarro world of Miss America, losers smile and winners sob.
*Battery portfolio company. For a list of all Battery portfolio companies, please click here.