Business and Economy

Crunchbase Daily: Munchery, REX, Clearcover, Kaia Health, Momo, Palantir, and Alation

Munchery abruptly shuts down

Prepared meal delivery service Munchery announced that it is shutting down. Founded in 2010, the San Francisco-based company raised $125 million in venture funding, with operations in Los Angeles, Seattle and New York, as well as its hometown.

REX raises $45M to disrupt real estate

REX, an online residential real estate brokerage, closed on $45 million in Series C funding to scale up its reduced commission home sales model.

Clearcover secures $43M for auto insurance

Chicago-based Clearcover, an online provider of auto insurance policies and claims processing, just closed a $43 million Series B round led by Cox Enterprises. The financing is the latest in a string of big investments for companies based in the Windy City.

Another scooter round occurs

The scooter sector, already awash in funding news, has added yet another startup round. Flash, a mobility-focused company that is reportedly starting with powered scooters, raised a Series A round of around $70 million, with Target Global as lead investor. The round comes as more lesser-known startups try out scooter-focused businesses, with varying success.

Kaia Health raises financing for pain therapy app

Kaia Health, a Munich-based digital therapeutics startup, raised $10 million in a Series A round led by Balderton Capital. The company has developed a pair of mobile applications that offer interactive therapy for two chronic conditions: back pain and chronic obstructive pulmonary disease.

What’s The Future of Smart Transportation?

The next shakeup in smart transportation could be just around the corner. As we look to the horizon for what’s to come for 2019, here are a few questions to consider. How these stories unfold could change the smart transportation landscape.

Momo raises $100M as funding surges for Asian payment apps

Vietnamese e-wallet app Momo has reportedly raised $100 million in a fresh funding round led by Warburg Pincus. The financing comes amid a period of surging investment in Asia-based payment apps.

Palantir revenue said to hit $1B

Revenues reportedly hit $1 billion last year at Palantir, the secretive and highly valued big data and analytics unicorn that has been bandied about as a potential IPO candidate. If true, the sales figures help bolster the Silicon Valley company’s case for a high valuation, albeit not as high as some recent estimates. secures $33M for home renovation platform

Seattle-based, which operates a platform for pricing and managing home renovation projects, raised $33 million in a Series B funding round led by WestRiver Group, Goldman Sachs and Redfin.

Illinois startups post a record year

The Illinois startup market in 2018 was very strong, and it’s not slowing down as we settle into 2019. Funding levels hit multi-year highs last year, and acquisitions of Chicago-area companies have been quite strong as well.

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