Reese Witherspoon’s Hello Sunshine sold to new media firm from former Disney execs

Hello Sunshine, Reese Witherspoon’s media company that has produced content for streaming services like Hulu, Apple and HBO, among others, has been sold to a yet-unnamed new media firm run by former Disney execs, Kevin Mayer and Tom Staggs, the company announced this morning. The Wall Street

Hear Startup Alley companies pitch expert VC judges on the next episode of Extra Crunch Live

"">We know how much you love a good startup pitch-off. Who doesn't? It combines the thrill of live, high-stakes entertainment with learning about the hottest new thing. Plus, you get to hear feedback from some of the smartest folks in the industry, thus learning how to absolutely crush it at you

Zoom reaches $85M settlement in ‘Zoombombing’ lawsuit

Zoom has agreed to pay $85 million to settle a lawsuit that accused the video conferencing giant of violating users’ privacy by sharing their data with third parties without permission and enabling “Zoombombing” incidents. Zoombombing, a term coined by technewss last year as its

Yaydoo secures $20M, aims to simplify B2B collections, payments

It's no secret that the technology for easy business-to-business payments has not yet caught up to its peer-to-peer counterparts, but Yaydoo thinks it has the answer. The Mexico City-based B2B software and payments company provides three products, VendorPlace, P-Card and PorCobrar, for managing

Newtopia closes first fund of $50M to invest in LatAm startups

Early-stage venture capital fund Newtopia VC launched Monday with $50 million to invest in tech startups based in Latin America. The fund will invest $100,000 in pre-seed startups and then between $250,000 and $1 million in startups at the seed stage to help them achieve the milestones needed on th

Finite State lands $30M Series B to help uncover security flaws in device firmware

Columbus, Ohio-based Finite State, a startup that provides supply chain security for connected devices and critical infrastructure, has raised $30 million in Series B funding.  The funding lands amid increased focus on the less-secure elements in an organizations' supply chain, such as Interne

Element Ventures pulls in $130M to double-down on the fintech enterprise trend

With the rise of Open Banking, PSD2 Regulation, insurtech and the whole, general fintech boom, tech investors have realized there is an increasing place for dedicated funds which double down on this ongoing movement. When you look at the rise of banking-as-a-service offerings, payments platforms, i

BoxGroup closes on $255M across two funds to back startups at their earliest stages

BoxGroup has quietly, yet diligently, been funding companies at the early stage for over a decade. The 11-year-old firm in fact was the first investor in Plaid, a fintech company that nearly got sold to Visa last year for billions of dollars. It has seen a number of impressive exits over the years,

Singapore-based Nektar.ai gets $6M to help B2B sales team collaborate more effectively

"attachment_2184446" aria-describedby="" style="width: 1024px">Nektar.ai founders Aravind Ravi Sulekha and Abhijeet Vijayvergiya Organizing information about prospective deals is a challenging task for B2B sales teams, since salespeople usually rely on multiple tools (email, Zoom, WhatsApp, etc.) to

Mixlab raises $20M to provide purrfect pharmacy experience for pet parents

Pet pharmacy Mixlab has developed a digital platform enabling veterinarians to prescribe medications and have them delivered — sometimes on the same day — to pet parents. The New York-based company raised a $20 million Series A in a round of funding led by Sonoma Brands and including Global Fou

The Station: The script for Elon Musk’s Loop drivers, Redwood snags $700M and a chat with Kodiak Robotics’ co-founder

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Hello readers: Welcome to The Station, your central hub for all past, present and future means of moving people and packages from Point

E-scooter company Fenix acquires Palm for $5M, gains entry to Turkish market

Abu Dhabi-based micromobility company Fenix has acquired Palm, a shared e-scooter company in Turkey, for $5 million — the exact amount the company raised last November and this past February during its seed round. Despite having not even raised a Series A round yet, Fenix scrounged together t

Industrial cybersecurity startup Nozomi Networks secures $100M in pre-IPO funding

Nozomi Networks, an industry cybersecurity startup that aims to shield critical infrastructure from cyberattacks, has raised $100 million in pre-IPO funding.  The Series D funding round was led by Triangle Peak Partners, and also includes investment from a number of equipment, security, service pr

Kuda, the African challenger bank, raises $55M at a $500M valuation

Kuda Bank, the London-based, Nigerian-operating startup that is taking on incumbents in the country with a mobile-first, personalised and often cheaper set of banking services built on newer, API-based infrastructure, has been on a growth tear in the last several months, and to fuel its expansion,