Crunchbase Daily: Transport, Kraft, Primal Kitchen, Vista Equity Partners and Wrike
Transport accelerates past SaaS in funding frequency
The worldwide average time between venture rounds is roughly two years. But startups in a few industries, transportation in particular, have been raising capital at a significantly faster rate, a Crunchbase News analysis finds.
Kraft buys paleo startup Primal Kitchen for $200M
Food giant Kraft will pay $200 million to acquire Primal Kitchen, an Oxnard, Calif.-based maker of condiments and salad dressings based on the paleo dietary principles.
Vista buys majority stake in Wrike
Private equity firm Vista Equity Partners snapped up a majority stake in collaboration software provider Wrike. The deal reportedly values the San Jose-based company at around $800 million.
Pittsburgh’s startup star is rising
Pittsburgh is emerging as a hotbed of innovation for robotics, artificial intelligence and machine learning. But while venture funding is flowing into the area, the city still has a ways to go to build significant, consistent startup momentum.