SoftBank, Volvo back Flock Freight with $113.5M to help shippers share the load

Everyday thousands of trucks carry freight along U.S. highways, propelling the economy forward as consumer goods, electronics, cars and agriculture make their way to distribution centers, stores and eventually households. It’s inside these trucks — many of which sit half empty — where Flo

Novakid’s ESL app for children raises $4.25M Series A led by PortfoLion and LearnStart investors

With the pandemic playing havoc with children's education, edtech startups have been on a roll. A new fundraising seems to come almost every week at this point. Today it's Novakid's turn. This edtech startup is yet another “learning English as a second language for children”

Uber officially completes Postmates acquisition

Uber today announced the official completion of its Postmates acquisition deal, which it announced originally back in July. The all-stock deal, valued at around $2.65 billion at the time of its disclosure, sees Postmates join Uber, while continuing to operate as a separate service with its own bran

SoftBank takes a $690M stake in cloud-based Swedish customer engagement company Sinch

On the heels of Facebook taking a big step into customer service with the acquisition of Kustomer for $1 billion, another big move is afoot in the world of customer relationship management and engagement. Sinch, a Swedish company that provides cloud-based “omnichannel” voice, video and

Despite everything, Oyo still has $1 billion in cash

India's Oyo has been one of the worst impacted startups with the coronavirus, but it has enough cash to steer through the pandemic and then look at funding further scale, a top executive says. In a town hall with employees last week, Oyo founder Ritesh Agarwal said the budget lodging firm “co

Nordigen introduces free European open banking API

Latvian fintech startup Nordigen is switching to a freemium model thanks to a free open banking API. Open banking was supposed to democratize access to banking information, but the company believes banking aggregation APIs from Tink or Plaid are too expensive. Instead, Nordigen thinks it can provid

Vivenu, a ticketing API for events, closes a $15M Series A round led by Balderton Capital

Vivenu, a ticketing platform that offers an API for venues and promoters to customize to their needs, has closed a $15 million (€12.6 million) Series A funding round led by Balderton Capital. Previous investor Redalpine also participated. Historically speaking, most ticketing platform startups to

Ankorstore raises $29.9 million for its wholesale marketplace

French startup Ankorstore has raised a $29.9 million Series A round (€25 million) with Index Ventures leading the round. Existing investors GFC, Alven and Aglaé are also participating. Ankorstore is building a wholesale marketplace that connects independent shop owners with brands selling househ

Singapore-based mental health app Intellect reaches one million users, closes seed funding

"attachment_2080823" aria-describedby="" style="width: 1024px">Theodoric Chew, co-founder and chief executive officer of mental health app Intellect Intellect, a Singapore-based startup that wants to lower barriers to mental health care in Asia, says it has reached more than one million users just s

Cyber Monday scams? Fakespot says it can identify fraudulent reviews and sellers online

The pandemic has made it all but impossible for a retail company without an online presence to survive. Yet while companies heavily dependent on foot traffic like J.Crew and Sur la Table have filed for bankruptcy this year, companies that are expert in e-commerce have thrived, including Target and

Infogrid raises $15.5M from Northzone to retrofit buildings with ‘smart’ IoT

Infogrid, an IoT startup which can retrofit an existing building to make it “smart”, has raised $15.5 million. The Series A funding round was led by Northzone, with participation from JLL Spark, Concrete VC, The Venture Collective, Jigsaw VC, an unnamed real estate investment group and

Strike first, strike hard, no mercy: How emerging managers can win

Like many of us during COVID-19, I've found myself watching a bit more TV than I'm typically accustomed to. My latest binge? “The Karate Kid” series continuation “Cobra Kai” on Netflix. A long-time fan of “The Karate Kid,” I find my style's a bit more

EveryAction acquires Mobilize, the Democratic volunteering platform

Nonprofit donor management platform EveryAction is buying Mobilize, a company that connects Democratic campaigns to volunteers and helps marshal activists toward progressive causes. Mobilize, formerly known as MobilizeAmerica, grew out of Higher Ground Labs, an incubator focused on leveraging tech

Facebook buys Kustomer for $1B to expand into customer service tools

Today Facebook made one of its biggest plays yet to build out the services it provides to businesses on its platform: It is acquiring Kustomer, a startup founded with the aim of disrupting the customer services industry with a new approach to providing agents with better data and a more unified pic