Business and Economy

Rappi, Cheddar, A16z and Divvy as WeWork is going public

WeWork is going public

WeWork (now The We Company) said that it has filed an amended draft registration statement for a planned public offering. Although the documents are confidential, previously released financial performance data showed the company posting revenue of $1.82 billion in 2018, coupled with a staggering $1.9 billion net loss.

Robot toymaker Anki shutting down

Anki, a robotics and AI toy startup that had raised around $200 million over time, has shut its doors. Founded in 2010, the San Francisco company was considered to be a “darling” in the field, but it shuttered after an anticipated follow-on investment fell through.

UiPath scores $568M at $7B valuation

UiPath, a provider of robotic process automation tools that companies use to automate repetitive work tasks, has raised $568 million in a Series D round. Private equity firm Coatue led the financing, which sets a post-money valuation of $7 billion.

Tallying losses in China bike-share bubble

For bike-sharing startups in China, the consequences of ultra-fast growth include fields of waste and riches lost. Crunchbase News takes a look at just how much capital has been expended in the space, with a particular focus on Ofo, the yellow rimmed leader of the pack.

Crunchbase: 12 rules of cold calling

Bad news for those who hate cold calling: The practice is definitely not dead. Here are the top cold calling tips to make the process a little less painful and generate a lot more revenue for you and your company.

Colombia’s Rappi raising $1B from SoftBank

Colombian on-demand delivery startup Rappi confirmed an investment of “up to $1 billion” from SoftBank, in what it says ranks as the largest venture investment in a Latin American company to date. The financing reportedly set a pre-money valuation of $2.5 billion.

News network Cheddar acquired for $200M

Cheddar, a news network that streams across a multitude of platforms, has been acquired by Altice USA for $200 million in an all-cash deal. Founded in 2016, New York-based Cheddar previously raised $54 million in venture funding.

A16z said to close $2.75B in new funds

Venture firm Andreessen Horowitz, otherwise known as a16z, has reportedly closed on $2.75 billion across two new funds: a $750 million early-stage effort and a $2 billion later-stage vehicle.

Utah’s Divvy tallies up $200M

Divvy, a Lehi, Utah-based startup focused on business expense and budgeting software, announced that it has completed a $200 million financing round led by NEA.

Uber, Lyft, IPOs, and future profits

Lyft is public and Uber is under two weeks from the same. It’s an era-defining moment. The only sticking point in the otherwise pretty portrait of success is that each one, and nearly every other decacorn, is dripping red ink as it crosses the private-public divider.

Crunchbase: Top mindfulness apps for mental health

As mental health awareness scales, so does investment in mindfulness apps. As today marks the beginning of Mental Health Awareness Month, we wanted to highlight some of the best startups leveraging technology to help build healthy minds.

Leave a Reply