Crunchbase Daily: Next Insurance, Postmates, Oyo, Tesla, and Tier Mobility

Next Insurance secures $250M

Next Insurance, a provider of digital insurance for small businesses, has raised $250 million in a round that takes its valuation to slightly above $1 billion. German insurance giant Munich Re led the financing for the three-year-old, Silicon Valley-based company.

A road trip through East Bay funding hotbeds

The San Francisco Bay Area startup funding machine is so vast that even towns most non-locals have never heard of rake in huge investment totals. Crunchbase News takes a look at four municipalities – Berkeley, Emeryville, Hayward and Fremont – where startup funding tallies rival those of major cities many times their size.

Postmates cites choppy market for delayed IPO

On-demand delivery company Postmates has yet to publicly file an IPO prospectus, after submitting a confidential filing back in February. Its CEO attributed the delay to choppy market conditions for growth-focused companies.

Oyo is raising another $1.5B

Oyo, the popular India-based hotel startup, is reportedly raising another $1.5 billion, partially from its founder.

China supergiant round share slips

This year has not been kind to China in terms of its companies pulling in large rounds of venture capital. Chinese companies have closed far fewer rounds of $100 million or more in 2019 compared to 2018, and Q3 had the lowest quarterly total so far this year.

A list for your tech-friendly book club

A Crunchbase News series of interviews with 12 entrepreneurs included a question about each one’s favorite book. We’ve aggregated the responses in one place, and the resulting list includes a wide range of fiction and non-fiction titles.

Crunchbase: Global startup incubators you need to know

For entrepreneurs looking for support to help grow their companies, a startup incubator is the perfect cure for the hardships of a founder’s life. Here are 15 dotting the globe that you might not have heard about.

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