To build a startup, you’ve got to believe in your mission. Big time. That’s why the co-founder of apartment-rental site Airbnb never stays in hotels. And that’s why the SeedInvest team raised its first round of funding through equity crowdfunding.
The deal will supposedly be announced next week, according to the Financial Times, who first reported news of the rumored acquisition. If true, the deal would be the largest acquisition in Apple’s history. It would also mark a huge change in strategy for Apple, which has traditionally stayed away from high-dollar acquisitions.
Some details of the deal are still in the works, according to FT’s sources, which means the talks could still fall apart. What we do know is that Apple would take control of Beats’ hardware business (including its signature headphones) and its relatively new streaming-music service, Beats Music.
The advantage with enterprise startups if that they can be based just about anywhere. And that’s proved today with the news that Brightpearl, which a cloud-based business management system aimed at small to mid sized multi-channel retailers, has raised another $10m. The round led my MMC Ventures with participation from Quayle Munro and existing investors Eden Ventures and Notion Capital. That bring its total funding to date to around $24 million after previous funding rounds, including $8 million last year, and $5 million in 2011. This latest round will be used to accelerate investment in product and sales expansion.
An Indian startup which builds robots that help online retailers automate their warehouses has raised funding from New York-based investment firm Tiger Global and early-stage investor Blume Ventures.
Grey Orange Robotics received about Rs 54 crore in the round where two angel investors Raju Reddy and Dileep Nath also participated, said a person with direct knowledge of the developments.
Airbnb has closed a large round of funding at an 11-figure valuation, according to multiple reports.
The Wall Street Journal reports hearing from sources that Airbnb has sealed a deal to raise $450 million led by TPG, a private equity firm, while website TechCrunch reported that the round was for $500 million. Both publications put the valuation at $10 billion.
With fresh capital in its coffers, Dropbox appears to be on somewhat of an acquisition spree, albeit a quiet one. Following the cloud storage company’s recent purchase of workplace chat solution Zulip.