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.
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.
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.
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.
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.
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.
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.