Primary speculators in the Letgo incorporate 14W, Accel, Eight Roads Ventures, FJ Labs, Insight Venture Partners, Mangrove, Naspers, NEA, NextView, and Northzone.With ventures and consolidations like this, they definitely brought up certain issues on Craigslist and Ebay.With more than 45 million downloads and 20 million month-to-month customers, this objective for how Letgo brings in cash didn't appear to be over-yearning by any stretch of the imagination.Challenges for Letgo to bring in cash: Right now, the greatest test for the Letgo plan of action is the first experience with Marketplace, an idea like OLX, eBay, and Letgo.There is no uncertainty about the way that Facebook has the most number of dynamic customers contrasted with any remaining applications.The interpersonal interaction giant is anticipating presenting another element where individuals can purchase and sell items through mingling.
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“We determined that Docker had two very distinct and different businesses”Docker, the container software company, has sold its enterprise arm to San Francisco’s Mirantis – an Intel Capital-backed provider of full-stack enterprise support for Kubernetes and OpenStack – for an undisclosed sum.Docker plans to pivot its focus onto the developer-Kubernetes pipeline, via an emphasis on Docker Desktop and Docker Hub instead, a blog suggests, although how it plans to make money doing so remains an open question.The move effectively makes Docker a new company, which the same day said it has raised $35 million in a venture round with backing from Benchmark, and Insight Partners.But Docker CEO Rob Bearden said it was the logical choice: “We determined that Docker had two very distinct and different businesses: one an active developer business, and the other a growing enterprise business.This led to the decision to restructure the company and separate the two businesses, which is the best thing for customers and to enable Docker’s industry-leading technology to thrive.”
In what’s proving to be an interesting day for Docker, it announced it has received a $35 million investment from existing investors Benchmark Capital and Insight Partners.It also announced the company has named long-time Chief Product Officer Scott Johnston as CEO.Johnston is the third CEO at Docker this year, replacing Rob Bearden, who replaced Steve Singh after he stepped down in May.The news came shortly after Mirantis had announced it had purchased Docker’s enterprise business.The moves are curious to say the least, but Johnston says that he still sees an opportunity for the company helping developers use Docker, the popular containerization engine that has struggled to find a business model.“Specifically, we are investing in expanding our cloud services to enable developers to quickly discover technologies for use when building applications, to easily share these apps with teammates and the community, and to run apps frictionlessly on any Kubernetes endpoint, whether locally or in the cloud,” Johnston said in a statement.
Contentstack, a startup that offers a headless CMS platform for enterprises, today announced that it has raised a $31.5 million Series A round led by Insight Partners.Existing investors Illuminate Ventures and GingerBread Capital also participated in this round.The company says that it saw its revenue grow by 4x in the first half of 2019 compared to the same time period last year.Without a baseline, that’s not exactly a meaningful number for a startup founded in 2018, of course, but sales cycles in the enterprise are notoriously long and the company does have a number of marquee customers like Shell, Walmart and Cisco.The Contentstack founding team, Neha Sampat, Nishant Patel and Matthew Baier, recently sold Built.io to Software AG .“With Contentstack, the opportunity feels even larger, but there is also a strong sense of urgency,” said Sampat when I asked her about why she decided to raise at this point, which comes relatively late for a company with Contentstack’s ambitions.
SpotHero, the Chicago-based company that has developed an on-demand parking app, has raised $50 million in a Series D round led by Macquarie Capital.Union Grove Venture Partners participated in the round, along with existing investors including Insight Venture Partners, Global Founders Capital, OCA Ventures, AutoTech Ventures and others, according to the company.The new capital will be used to expand its reach in the 300 U.S. and Canadian cities where it is already operating, build out its digital platform and strengthen partnerships with mobility companies, CEO and co-founder Mark Lawrence told TechCrunch.SpotHero, which has operations in San Francisco, New York, Washington, D.C. and Seattle, initially set out to develop software that connects everyday drivers to parking spots in thousands of garages across North America.It’s secret sauce is its software, which can sit on top of the 40 or so different point-of-sales systems used by parking garages.This acts as a single protocol, allowing SpotHero to bring some kind of standardization to an otherwise fragmented system.
Chicago, Illinois-based parking inventory and booking startup SpotHero today announced that it’s secured $50 million in a series D round led by Macquarie Capital, bringing its total raised to date to $118 million.CEO and cofounder Mark Lawrence said the round, which saw participation from investors Union Grove Venture Partners, Insight Venture Partners, Global Founders Capital, OCA Ventures, AutoTech Ventures, and others, will help to strengthen the company’s partnerships with mobility companies and deepen its technology stack.The fiscal vote of confidence comes after a year during which SpotHero reached half a billion dollars in all-time sales and 900-plus distribution partnerships and integrations, including with Google Assistant, WageWorks, Waze, Hertz, Car2Go, WeWork, and Moovit.The company claims that it’s on pace to hit $1 billion in transactions within the next year as it aims to double its headcount to over 100 people.“By standardizing the way parking is bought and sold, we are introducing the same visibility into parking inventory that people expect from the airline or hospitality industries,” said Mark Lawrence, CEO and co-founder, SpotHero.“That’s a big win for drivers, but there’s still a lot of work to be done to modernize parking.
Kasten, which bills itself as an enterprise-scale and cloud-native data management company, today announced that it’s raised $14 million in series A funding led by Insight Partners, bringing its total raised to $17 million to date.CEO Niraj Tolia says the infusion will accelerate the growth of the Los Altos, California-based startup’s sales, engineering, and marketing departments and the expansion of its research and development center in Salt Lake City, Utah.“This is an exciting time for Kasten as we are experiencing significant traction in the enterprise, and with the new funding we will be able to further accelerate our growth and take advantage of the large opportunity in front of us,” said Tolia.“Insight and Michael Triplett’s deep expertise in both the cloud-native and data management space make them the perfect partner to help us achieve this.”Kasten’s K10 eponymous platform offers policy-based backup, recovery, and migration for Kubernetes applications — containerized apps that run on Kubernetes clusters — tailored for relational and NoSQL databases.It’s able to restore to an app’s last known good state following accidental (or malicious) data deletion or overwriting, and it can repair misconfigured apps by restoring artifacts and configurations even in the event of a security breach or unauthorized manipulations.
On Thursday, Armory announced it closed $28 million in series B funding.Armory builds commercial features for Spinnaker, an open source project started by Netflix and Google engineers that helps engineers test and release software to the cloud faster and more often.Armory CEO Daniel Rubén Odio says many companies are facing cultural challenges because they still use outdated data centers, but they want to change how they release software.Daniel Rubén Odio is no stranger to founding startups.This is Odio's fourth time starting a company, and his three previous companies have been acquired.But when Odio and his team founded Armory in 2016, they decided they wanted it to stay independent.
Armory, a member of the Continuous Delivery (CD) Foundation and the software developer commercializing the multi-cloud CD suite Spinnaker, today announced that it’s secured $28 million in series B funding led by Insight Partners.The fresh capital brings the San Mateo, California-based startup’s total raised to over $40 million following rounds totaling $14 million, and CEO Daniel Odio says the bulk of it will fuel increased R around Spinnaker and the company’s ongoing sales, marketing, support, and training efforts.“Today, every [business] is building software — it’s the key to every innovative company’s success,” said Odio, who cofounded Armory in 2016 with Ben Mappen and Isaac Mosquera.“Spinnaker is used by some of the most important companies in the world, and Armory is the only provider of an enterprise-grade version, with full support and services.”For the uninitiated, Spinnaker was developed and open-sourced by Netflix and Google to simplify cross-cloud software deployment.Armory adds proprietary features like Armory Installer to the mix, which provisions Spinnaker instances within Kubernetes clusters for added redundancy.
The robots are coming to steal our jobs, or so the popular narrative goes, but the reality of automation’s impact on the workforce is somewhat more nuanced.While automation will undoubtedly have a seismic impact on employment, some analysts predict that many new roles will be created as a result of the broader artificial intelligence onslaught.Moreover, we’re seeing a growing number of companies developing AI and automation tools that can be used to help companies recruit human employees.Harver today announced it had raised $15 million in a series B round of funding from Insight Partners, which it said it will use to “reinvent the volume recruitment process through digital automation,” according to a statement.It helps vet candidates based on data garnered from automated assessments, rather than feelings, first impressions, or intuition — which it touts as an effective way of minimizing unconscious bias in hiring.Harver ranks candidates during the initial screening process to determine which individuals have the best job-fit and assessment performance.
Facetune, a photo editing app that empowers users to cover their gray hairs, refine their jaw lines, and reshape their noses, was first introduced around six years ago, and it quickly climbed to the top of the download charts, becoming Apple’s most popular paid app of 2017.That staying power hasn’t been lost Goldman Sachs Private Capital Investing, Insight Partners or ClalTech, which just gave Facetune’s parent company, Lightricks, $135 million in Series C funding at a post-money valuation of $1 billion.The investment firms — two of which led a $60 million round in the company less than a year ago — are getting much more than Facetune in the deal.Lightricks, based in Tel Aviv, has 260 employees supporting six products across three divisions, including Facetune, whose second version was rolled out this year; Enlight, a line of mobile photography and editing tools that aims to make photo editing more accessible to amateurs; and the startup’s newest, enterprise-focused brand, Swish, a marketing video editor that helps companies tell their story with video ads.Since the company began offering subscription layers to users who want premium bells and whistles in 2017, it has amassed a respectable number of subscribers, as well.(Other developments might take a while, he adds, explaining that Lightworks, originally founded by five PhDs, is “constantly working on things that will be out two or three years down the line.”)
The Google Play Store and Apple App Store boasted 2.6 million apps and 2.2 million apps, respectively, as of Q1 2019.App Annie reports that the total number of downloads in 2018 hit 194 billion, up from 178 billion the year prior, while consumer spend in Q2 2018 ticked up 20% year-over-year.Jerusalem-based Lightricks — the developer behind subscription-based content creation apps Facetune and Enlight — has successfully ridden the wave to unprecedented success.The capital infusion brings Lightricks’ total raised to $205 million to date, and it’ll see Goldman Sachs Private Capital Investing’s Kirk Lepke join the board of directors.Founder and CEO Zeev Farbman says the round will accelerate AI-enhanced tool development, lay the groundwork for strategic acquisitions, and furnish a third office in Germany.“As we accelerate our expansion, the additional funding will cement our position as the leader in mass-market content creation, which is proving to be a multi-billion dollar industry.”
ContractPodAi, a London-based startup that has developed what it describes as AI-powered contract lifecycle management software, is disclosing $55 million in Series B funding.The round is led by U.S.-based Insight Partners, with participation from earlier backer Eagle Investment.Founded in 2012, ContractPodAi offers an “end-to-end” solution spanning the three main aspects of contract management: contract generation, contract repository, and third-party review.Its AI offering, which uses IBM’s Watson, claims to streamline the contract management process and reduce the burden on corporate in-house legal teams.“The legal profession has been historically behind the curve in technology adoption and our objective here is to support to digital transformation of legal departments via our contract management platform,” ContractPodAi co-founder and CEO Sarvarth Misra tells TechCrunch.“Our business focusses on providing in-house counsel of corporations across the world with an easy to use, out of the box and scalable end to end contract management platform at a fixed fee SaaS licence model”.
To read the full article, simply click here to claim your deal and get access to all exclusive Business Insider PRIME content.OneTrust, a data privacy and compliance startup, announced on Thursday that it raised $200 million in Series A funding from Insight Venture Partners.Richard Wells, the Managing Director at Insight Venture Partners that led the deal, told Business Insider he had confidence in the valuation after seeing first-hand the leadership team in action at their previous venture, AirWatch.Kabir Barday, founder and CEO of OneTrust, told Business Insider that the valuation comes partly from opportunities among organizations that were slow to catch on to new data privacy regulations like Europe's GDPR and California's CCPA.Perhaps not coincidentally, the OneTrust executive team is largely comprised of early AirWatch employees— OneTrust co-chairman Alan Dabbiere was also a founder at AirWatch, while CEO Kabir Barday was a product manager.Another thing the two companies have in common: They were both bootstrapped, meaning the founders used their own money to finance the company until it got off the ground.
Sales enablement is a gigantic market whose growth shows no sign of slowing.The sales enablement startup founded by John Guerci, Sam Bobley, Victoria Meakin in 2011 today announced that it’s raised $70 million in a combination of debt and series D equity led by Dawn Capital with participation from Hummingbird Ventures, Insight Venture Partners, and Korelya Capital, bringing the company’s total raised to $180 million.We pride ourselves on empowering modern sales teams to increase win rates, deal size, and buyer engagement with a single, scalable platform and a consumer-like user experience,” said Bouten.“The continued support of our investors is validation of our vision for the sales enablement market and our ability to deliver innovation that maximizes sales productivity and optimizes marketing impact.”One product lineup in Showpad’s solutions suite — Showpad Experiences — lets sales teams guide buyers through custom-tailed content, including (but not limited to) classic folder structures, preconfigured web templates, and mobile and desktop applications.From within Experiences’ code-free and drag-and-drop dashboards, designers can build navigation structures per product, persona, or vertical; add custom icons, logos, and backgrounds; and create visual maps, content selectors, ROI calculators, quote configurators, and more.
Lightspeed Venture Partners, a firm behind the likes of BetterUp, Aurora, Goop and dozens of others, will allocate more capital to mature companies with the hiring of three new partners.Adam Smith, Amy Wu and Arsham Memarzadeh join the Menlo Park-headquartered venture capital fund’s growth practice.The team is led by longtime partner Will Kohler and Brad Twohig, who joined LSVP in 2018 to amp up the firm’s late-stage efforts, leading a $1.25 billion investment in Epic Games only months after arriving from Insight Venture Partners.“I think we will continue to add to the team as we see the market opportunity ahead of us, so we can better understand when and where to invest,” Twohig tells TechCrunch.“They are going out and helping us identify interesting new opportunities.We want outlier founders, outlying companies with outlying performance.”
Tink, the European open banking platform that recently raised €56 million in new funding, is disclosing that PayPal has become a strategic investor.The online payments giant joins a long list of existing backers that includes U.S.-based Insight Venture Partners, Sunstone Capital (which recently re-branded as Heartcore Capital), SEB, Nordea Ventures and ABN AMRO Digital Impact Fund.Individuals such as Christian Clausen, former chairman of the European Banking Federation, and Nikolay Storonsky, co-founder of banking app Revolut, are also investors.Originally launched in Sweden in 2013 as a consumer-facing finance app with bank account aggregation at its heart, Tink has since repositioned its offering to provide the same underlying technology and more to banks and other financial service providers that want to ride the open banking/PSD2 train.Through various APIs, Tink provides four pillars of technology: “Account Aggregation,” “Payment Initiation,” “Personal Finance Management” and “Data Enrichment.” These can be used by third parties to roll their own standalone apps or integrated into existing banking applications.Meanwhile, with its investment, PayPal has agreed to partner with Tink to leverage its account aggregation technology to “improve product experiences” for PayPal customers.
OwnBackup, a cloud-to-cloud backup and restore vendor with offices in the U.K., New Jersey, and Tel Aviv, today announced that it’s secured $23.25 million in series C financing co-led by Insight Venture Partners and Vertex Ventures, with participation from existing investors Innovation Endeavors, Oryzn Capital, and Salesforce Ventures.The fresh capital comes after a year in which revenue grew 100% year-over-year — an achievement made more impressive by the backup and recovery market’s anticipated uptick to $18.21 billion by 2026 — and it brings OwnBackup’s total raised to over $50 million, according to Crunchbase.The company also announced the appointment of Salesforce and Oracle veteran Gareth Morris as VP of sales for Europe, the Middle East, and Africa, as well as three new board members: Insight Venture Partners managing director Nikitas Koutoupes, Innovation Endeavors general partner Harpinder Singh, and Conga president and CEO Bob DeSantis.CEO Sam Gutmann said the cash infusion will be used to deepen OwnBackup’s partner network, double its engineering and European teams, and expand product offerings.“Thanks to the unwavering support of our committed investment partners, we will be able to continue to scale to meet escalating market demand for our solutions as companies realize the need to claim ownership of cloud data security concerns and proactively ensure their data is protected and accessible at all times,” he added.“As we set the bar for cloud data protection, our focus continues to be growing the team and leading the pack in cloud data protection innovation.”
Serieentreprenören Jens Nylander was long known as the founder of the mp3 player ”Jens of Sweden” and the headphones Jays.But then, in 2014, he spent all his time at his Swedish-american startup Automile and its fleet management offering.With the help of the cans in the vehicle can Automile measure like that of a drivers ' habits, vehicle condition and record everything in a digital logbook.We hope to become Europe's largest fleet management companies within two years.just over a year later, at the end of 2017, took in another 280 Million.Among the investors were the CRM giant Salesforce, and sole venture capital firms like Insight Venture Partners, Point Nine Capital and Dawn Capital.
This year has been a year of consolidation in ad tech, between ad servers shuttering, industry-wide layoffs and entire companies filing for bankruptcy.But in spite of that, it looks like investors are still willing to hold their nose and drop their dollars in hopes of riding the programmatic wave.This week, three ad-tech startups announced the results of their own most recent funding rounds, with the results reaching multi-million-dollar levels.While some might argue that ad tech, in particular, is a very saturated space, investors are evidently still on the lookout for high-growth opportunities.Security software firm Confiant raised $4.1 million, thanks to a push from River Bay Investments and Rubicon Venture Capital.Spot.IM, an engagement-centric platform for digital publishers, raised $25 million in its own most recent round of funding due to contributions from Insight Venture Partners, Cerca and others, while CTV- and OTT-focused platform VideoAmp raised a whopping $70 million, bolstered in large part thanks to The Raine Group, which calls itself “a leading global investment bank focused exclusively on media and technology.”
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