Business and Economy

American Well raises USD290M for virtual doctors

American Well raises $290M for virtual doctors

Boston-based startup American Well just raised over $290 million in a corporate round led by Philips and Allianz X, according to a securities filing. The twelve-year-old company operates a telehealth platform that connects users with doctors instantly via live video.

Uber and Careem in merger talks

Ride-hailing services Uber and Careem are reportedly in preliminary talks to combine their Middle Eastern ride-hailing services. The companies are said to be eyeing a variety of deal structures, including either a majority stake purchase or outright acquisition by Uber.

Satellite investment takes off

Venture investment into satellite companies has been on a rocket-like trajectory since 2012, following a long fallow period, a Crunchbase News analysis finds. Startups are applying recent advances to reinvent broadband, mapping and other industries.

Furniture startups skip the showroom

It’s increasingly clear you don’t have to leave your couch to purchase one. Venture investors are funding a raft of startups that offer home furnishing staples with the promise of simple purchase, delivery, and set-up

VCs prefer flats

Good thing Carrie Bradshaw wasn’t a footwear venture capitalist. The high heels favored by the shoe-loving Sex and the City heroine are pretty much the least fundable concept in the space, as VCs put more money into startups selling sneakers, insoles and other comfy footwear.

Uber and Lyft had talks with Skedaddle

Uber and Lyft reportedly each held talks to acquire Skedaddle, a startup that creates group bus rides by matching customers headed in the same direction.

SaaS Capital targets $75M fund

Cincinnati-based software investor SaaS Capital is seeking to raise $75 million for its latest fund, according to a securities filing. The firm is known for providing debt financing to startups, along with participating in equity rounds

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