Budget hotelier OYO raising $1B

Indian budget hotel startup OYO is raising $1 billion from existing investors, including Softbank, to grow its domestic and China businesses, as well as expand into other international markets. The fundraise comes at a reported valuation of around $5 billion.

Instagram founders quit Facebook

Instagram co-founders Kevin Systrom and Mike Krieger are leaving parent company Facebook after eight years, saying they plan to take time off to explore and embark on their next chapter. The decision follows perceived moves by Facebook to curtail Instagram’s independence as an operating unit.

Big Auto races to keep pace with surging startups

There was a time when the most valuable players in automotive transport made lots of automobiles. No more. Today, only a handful of the largest global auto brands are valued higher than Uber. Crunchbase News takes a look at how valuations stack up, and how that’s driving Big Auto’s recent venture dealmaking.

Cargo raises cash for in-car commerce

Cargo, a startup offering a service for rideshare drivers to sell items like snacks and chargers, has raised $22.5 million in a round that appears to be led by Founders Fund, according to a securities filing.

Prefab home maker Plant raises $6.7M from Amazon, others

Home design and prefabrication startup Plant Prefab has raised a $6.7 million Series A round that included participation from the Amazon Alexa Fund, Obvious Ventures, and an unnamed lead investor.

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Recent Investments

Contino

$40M / Series B

Contino is a global DevOps and cloud transformation company. The London, England-based company will use the new funding to accelerate growth and expand operations.

Categories:

Information Technology · Internet Services · Software · Cloud Computing · Consulting · Professional Services

Founders:

Matt Farmer, Benjamin Wootton

Investors:

Top Tier Capital Partners (Lead), Columbia Capital (Lead)

Highspot

$35M / Series C

Highspot is an advanced sales enablement platform. The Seattle, WA-based company has seen more than 300 percent user growth year-over-year with 90 percent adoption and usage on average.

Categories:

Information Technology · Sales and Marketing · Software · Enterprise Software · SaaS · Sales Automation

Founders:

Scot Gellock, Oliver Sharp, David Wortendyke, Robert Wahbe

Investors:

Madrona Venture Group, OpenView (Lead), Shasta Ventures, + 1 more

Cargo

$22M / Venture Round

Cargo is an in-car service that allows rideshare passengers to order products on their phone. The New York-based company is focused on global expansion with a goal of reaching 25 million US passengers by the end of 2018.

Categories:

Apps · Software · Transportation · Logistics · Supply Chain Management

Founders:

Jasper Wheeler, Jeff Cripe

Investors:

Founders Fund (Lead)

More Investments
Company Amount / Round Lead Investor
Qonto $23M / Series B Valar Ventures, Alven Capital
Snyk $22M / Series B Accel
MakerDAO $15M / Venture Round Andreessen Horowitz
Stanza Living 730M INR / Venture Round Sequoia Capital
Bounce (Metro Bikes) $3.0M / Debt Financing InnoVen Capital
All Recent Funding Activity

Recent Acquisitions

Scottish Pacific

Pending acquisition by Affinity Equity Partners for $446M

More Acquisitions
Company Acquired by Amount
Versace Michael Kors Holdings $2.0B
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Upcoming Tech Events

Adobe MAX 2018

October 15-17, 2018 2018-10-15 in Los Angeles

Adobe MAX 2018 brings together the world's top creatives and best-in-the business experts to get inspired, learn skills, and play.
More Events
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Nov 1, 2018 San Francisco VC Fast Pitch Conference San Francisco
Oct 1, 2018 U.S.-Saudi SME Forum: Accelerating Growth and International Partnerships Los Angeles
Sep 30, 2018 O'Reilly Velocity Conference New York 2018 New York
Oct 2, 2018 InsureTech Connect 2018 Las Vegas
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