Startup

GitLab hauls in $268M Series E on 2.75B valuation

GitLab is a company that doesn’t pull any punches or try to be coy. It actually has had a page on its website for some time stating it intends to go public on November 18, 2020. You don’t see that level of transparency from late-stage startups all that often. Today, the company announced a huge $268 million Series E on a tidy $2.75 billion v

Details
Category: Startup

Write comment (92 Comments)

FairMoney raises $11 million for its challenger bank for emerging markets

Fintech startup FairMoney is building a challenger bank in Nigeria. The company first started offering microcredit and now plans to expand to current accounts and savings. FairMoney just raised an $11 million Series A round (€10 million) led by Flourish, DST Global partners and existing partners Newfund, Speedinvest and Le Studio VC.

FairMoney

Details
Category: Startup

Write comment (99 Comments)

Data storage company Cloudian launches a new edge analytics subsidiary called Edgematrix

Cloudian, a company that enables businesses to store and manage massive amounts of data, announced today the launch of Edgematrix, a new unit focused on edge analytics for large data sets. Edgematrix, a majority-owned subsidiary of Cloudian, will first be available in Japan, where both companies are based. It has raised a $9 million Series A from

Details
Category: Startup

Write comment (93 Comments)

TuSimple adds another $120 million to its self-driving trucks war chest

Self-driving truck startup TuSimple has added another $120 million to a Series D funding round led by Sina, operator of China’s biggest microblogging site Weibo, bringing the total haul to $215 million as it seeks to expand.

The company, which launched in 2015 and has operations in China, San Diego and Tucson, Ariz., hit unicorn status in

Details
Category: Startup

Write comment (97 Comments)

Africa-focused tech talent accelerator Andela will cut 400 junior engineers across Kenya, Uganda and Nigeria, CEO Jeremy Johnson told TechCrunch.

The layoffs come as the startup released first-time earnings figures indicating it will surpass $50 million in annual revenues for 2019.

Yes, the news seems a bit disjointed. Not everything moves in the

Details
Category: Startup

Write comment (90 Comments)

Holidu raises €40M Series C for its holiday rentals search engine

Holidu, the Munich-headquartered holiday rentals search engine that is now active in 21 country markets, has raised €40 million in Series C funding.

The round was led by Prime Ventures, with participation from coparion and MairDuMont Ventures. Existing investors, including EQT Ventures, Venture Stars, Senovo and business angel Chris Hitchen, also

Details
Category: Startup

Write comment (100 Comments)
  1. Startup Battlefield Berlin applications extended by one week
  2. Fieldwire just raised $33.5 million more to give PlanGrid and its new owner Autodesk a run for their money
  3. Under pressure, The We Company now only says it expects to go public ‘by the end of the year’
  4. What startup CSOs can learn from three enterprise security experts
  5. SmartNews’ latest news discovery feature shows articles from across the political spectrum