Jeffrey Katzenberg and Meg Whitman announce the name of their stealthy mobile video startup

Onstage at Vanity Fair’s New Establishment Summit in Los Angeles, Jeffrey Katzenberg and Meg Whitman unveiled the name of their highly anticipated mobile video company known until now as NewTV. The name is Quibi, short for “quick bites,” per a note on its new website: “Something cool is coming from Hollywood and Silicon Valley — […]

Former Uber exec Andrew Chapin takes the wraps off his stealth mental health startup

One can only imagine what it was like to work at Uber in the years leading up to Susan Fowler’s infamous blog post. Many of the company’s leaders were said to be overly competitive, sexist and inappropriate — “brilliant jerks,” as Arianna Huffington once said, — and its over-arching “move fast and break things” mentality […]

India’s Livspace raises $70M for its one-stop-shop for interior design

Livspace, an India-based startup that helps consumers manage home renovations and interior design, has pulled in a $70 million Series C deal that’s led by Goldman Sachs and TPG Growth. Existing investors Jungle Ventures, Bessemer Venture Partners, and Helion Ventures also took part in the round, which takes Livspace total funding to date to over $100 million. […]

Africa’s Jumo raises $52M led by Goldman to bring its fintech services to Asia

Asia’s fintech scene is poised to get a little larger after Jumo, a company that offers loans to the unbanked in Africa, revealed plans to expand into the continent. To get the ball rolling, Jumo has opened an office in Singapore to lead the way and landed a massive $52 million investment led by banking giant […]

Latin America is the next stage in the race for dominance in the ride-hailing market

Nathan Lustig Contributor Nathan Lustig is an entrepreneur and managing partner at Magma Partners, a seed-stage investment fund in Santiago, Chile. More posts by this contributor Latin America’s Movile is quietly building a mobile empire Latin America’s Groupon Mafia As the number of competitors in the ride-hailing industry dwindles, geographic expansion is emerging as the […]

Japanese fintech startup Paidy lands strategic investment from Visa

A month after announcing its $55 million Series C, Japanese fintech startup Paidy has snagged a strategic investment from payment giant Visa. Paidy didn’t disclose how much Visa put into its business, which has raised over $80 million to date, but it did say that it will work with the credit card giant to develop “new […]

AI training and social network content moderation services bring TaskUs a $250 million windfall

TaskUs, the business process outsourcing service that moderates content, annotates information and handles back office customer support for some of the world’s largest tech companies, has raised $250 million in an investment from funds managed by the New York-based private equity giant, Blackstone Group. It’s been ten years since TaskUs was founded with a $20,000 investment […]

Real Vision, a media platform for finance and business, raises $10 million

Real Vision is entering the crowded business and financial new space with a bang. The company, which recently raised a $10 million Series B after a $5 million A round, is working on a number of new initiatives including distribution on Apple TV, a content distribution partnership with Thomson Reuters and an upcoming documentary on […]

Tencent leads $50M investment in NewsDog, an app vying to be India’s Toutiao

The growth of China’s Bytedance, an ambitious $30 billion tech firm, and its highly addictive Toutiao news aggregator app has set off a search for services with similar growth potential across the world. India, second in population only to China with rapidly growing internet access, is an obvious place to look, and would-be pretender to […]

Alphabet and Goldman Sachs are suing adtech startup Outcome Health for alleged fraud

 Investors are suing Outcome Health, a startup selling ad space on screens in doctors’ offices, for alleged fraud and breach of contract eight months after pouring $500 million into the company. Read More (adsbygoogle = window.adsbygoogle || []).push({});