Funding

Why Startup Investors Need Billion-Dollar Exits and Entrepreneurs Don’t

By Alejandro Cremades Billion-dollar startup exits are cool. Yet, are they really as great for startup entrepreneurs as they are for startup investors such as VCs? The new California gold rush has definitely been in “ludicrous mode” for a while. Who knows, unicorn farms may soon become the new norm. Yet, it’s worth pausing for …

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Pendo claims ‘unicorn’ status after bagging $100M in new funding

Software application optimization company Pendo.io Inc. is the latest tech unicorn after announcing today it has raised an even $100 million in a late-stage round of funding. The Series E round brings Pendo’s total amount raised to $206 million and sets a valuation of $1 billion. Sapphire Ventures led the round, with participation from new investors General …

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Brooklyn-based construction robotics startup Toggle gets $3M seed fund – TechCrunch

Toggle, a Brooklyn-based robotics startup, announced today that it scored $3 million in seed funding. The early-stage round was led by Point72 Ventures’ AI Group, with participation from Mark Cuban and VC Twenty Seven Ventures. The series follows a 2018 pre-seed round of $570,000 from its Urban-X accelerator, Urban Us, Accelerate NY / Empire State …

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Einride raises $25M to put more of its T-Pod autonomous trucks on the road

Einride AB, one of the few European startups competing in the race to develop driverless trucks, today revealed that it has secured a $25 million funding round to support expansion plans. Sweden-based Einride is commercializing an autonomous, electric freight hauler called the T-Pod (pictured) that weighs 26 metric tons and looks radically different from the traditional …

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Acronis raises $147M from Goldman Sachs to expand its cyber security services – TechCrunch

When you hear the name Acronis, chances are you’re thinking about products like its disk cloning tool True Image or maybe its backup services. The company, though, wants you to think about cyber protection and all of its products (and their marketing) are now focused on this direction. To expand on this vision, the company …

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Heavily funded Element AI grows war chest with new $151M round

Element AI Inc., a Montreal-based startup selling artificial intelligence software, today cemented its position as one of the better-funded players in its corner of the market by announcing that it has raised 200 million Canadian dollars (about $151 million) in additional capital. The investment came from a group of public and private sector backers. Canadian pension fund CDPQ led …

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Cloud security firm Lacework raises $42M

Cyberecurity startup Lacework Inc. is looking to grow its business faster after securing $42 million in funding from Sutter Hill Ventures and Liberty Ventures and hiring cloud security veteran Andy Byron as its new president and chief revenue officer. The Series C round brings Lacework’s total amount raised to date to $74.7 million. Lacework focuses …

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India’s BharatPe raises $50M to help merchants accept digital payments and secure working capital – TechCrunch

BharatPe, a New Delhi-based firm that is enabling hundreds of thousands of merchants to start accepting digital payments for the first time each month and also giving them access to working capital, has raised $50 million as it looks to scale its business in the nation. The Series B round for the one-year old startup was …

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5 Common Reasons Small Business Loan Applications are Denied (and How to Avoid Them)

Getting rejected for a small business loan is practically a rite of passage for entrepreneurs. Rejection rates can be as high as 73 percent with traditional banks. The odds improve a bit with alternative lenders, who generally approve around 57 percent of small business loan applications, but the rejection rates can be disheartening. Ready for …

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Raising Venture Capital Can Have Some Downsides—Here’s How to Avoid Them

By Adam Cragg Raising money for your business can be great. Many entrepreneurs see it as validation that they’ve “made it.” While it is a good sign that a professional investor has kicked the tires on your company and is willing to invest their money, there are many reasons why raising venture funds may not …

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How x.ai Came Up with the Idea for Amy the Personal AI Assistant

Home Podcast How x.ai Came Up with the Idea for Amy the Personal AI Assistant [podcast] Join Our Exclusive Network Subscribe now to our newsletter and get exclusive articles and deals ready to increase the ROI of your company! This post originally appeared on Growth Everywhere, a marketing and business growth blog. In today’s episode …

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