October 22, 2020

Google dominance reflected in startup funding

Whether Google is an illegal U.S. monopoly remains a matter for the justice system to decide. However, in the court of startup finance, the verdict is clear: Funded upstarts are not launching in spaces that directly compete with Google. Instead, they operate in ancillary areas of search, with few rolling out consumer-facing products.

Yuanfudao raises $2.2B for edtech

China-based Yuanfudao, an online platform offering live courses and tutoring options, has raised $2.2 billion in fresh funding at a $15.5 billion valuation. The financing was split into two rounds, one led by Tencent and the other by DST Global.

This week’s startups to watch

In our Startups to Watch column, Crunchbase news takes a look at intriguing companies that raised smaller rounds. The latest edition features Cobble, a decision-making app for couples, Oula, a care provider for pregnant women, and Mira, a provider of membership-based health services.

McAfee falls in first-day trading

Shares of security software provider McAfee opened 7 percent down in first-day trading Thursday, marking a disappointing debut. The company priced shares for its initial public offering at $20 each, on the lower end of its price range of $19 to $22 a share.

Big players in McAfee debut

McAfee isn’t like most tech IPOs this year. It was founded in 1987 and went public before, eventually selling to Intel, which later sold a majority stake to private equity investors. Now that it’s public once more, we look at the largest stakeholders and how much their holdings are worth.

Keep up with the Crunchbase News Briefing

To keep up on breaking news throughout the day, check out the Crunchbase News Briefing. This continuously updated daily feature on our main news site has summaries of notable funding announcements, IPOs, M&A, and other happenings in the startup world.

How to realign buyer perception without a full rebrand

Randy Frisch, CMO and co-founder of marketing platform Uberflip, recounts lessons learned from the company’s brand journey since launch. His story challenges leaders to uncover audience impressions of their brand and suggests steps to get on track to better growth.

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Crunchbase Pro: Searches and Lists

Name Type Entries
Internet of Things companies with over $5M in funding Companies 180
Investments in advertising companies in the last 3 months Funding Rounds 87
Investments from Alphabet and subsidiaries Funding Rounds 1177
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Recent Investments

RVshare

$100M / Private Equity Round

RVshare is an online marketplace that provides peer-to-peer recreational vehicle rental services.

Categories:

Marketplace • Rental • Travel • Travel Accommodations

Founders:

Joel Clark, Mark Jenney, Patrick Couch

Investors:

Kohlberg Kravis Roberts (Lead), Tritium Partners (Lead)

Pulley

$10M / Series A

Pulley offers a cap table management platform designed to help startup founders, employees, and investors monitor their equity information.

Categories:

Asset Management • Impact Investing • Information Services • Software

Founders:

Yin Yin Wu

Investors:

Stripe (Lead), 8VC, Avichal Garg + 9 more

Mine

$9.5M / Series A

Mine provides a smart data assistant that enables people to discover and control their personal data online.

Categories:

Big Data • Cyber Security • Information Technology • Internet • Mobile Apps • Network Security • Privacy • Risk Management • Software

Founders:

Gal Golan, Gal Ringel, Kobi Nissan

Investors:

Gradient Ventures (Lead), Battery Ventures, e.ventures + 2 more

More Fundings

Company Amount / Round Lead Investor
Tekion $150M / Series C Advent International
Retool $50M / Series B Sequoia Capital
Anyscale $40M / Series B New Enterprise Associates
Syte $30M / Series C Viola Ventures
Intellimize $12M / Series A Addition
Syte $10M / Debt Financing -
Secureframe $4.5M / Seed Round Base10 Partners
All Recent Funding Activity

Recent Acquisitions

DERYtelecom

Pending acquisition by Cogeco for $405M

More Acquisitions

Company Acquired By Amount
Crescent Capital Group Sun Life Financial $338M
All Recent Acquisition Activity

Upcoming Tech Events

Accelerator Deadlines

Date Accelerator Location
Nov 30, 2020 COLABORATIVOx San Francisco
Dec 1, 2020 Fast Track Malmo Malmö
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