Archive | January, 2015

Weekly Featured Company: Earnest

FoundedHeadquartersSectorEmployeesRevenueTotal InvestmentRecent Investment
2013San Francisco, CaliforniaTransactions11$1m$32m$17m

Is Earnest the future of credit?
In the U.S., student loan debt has amounted to a staggering $1.3 trillion––and those numbers are increasing every year with the rising cost of higher education. One startup aims to help today’s generation of college students efficiently manage their debt. Earnest is a San Franciso-based personal lender company that uses data points to give credit to people with little or no credit history. Data points are determined using Earnest’s sophisticated data software and a unique underwriting platform to develop a thorough understanding of a borrower’s financial profile. Unlike traditional lenders, Earnest offers merit-based loans instead of credit-based loans. This means Earnest will consider factors like education history, professional history and overall financial responsibility to determine the a borrower’s credit worthiness. Based on the borrower’s data, Earnest’s underwriting team will assess the borrower’s future and predict what his or her finances will look like down the road. By utilizing thousands of data points not used in a traditional credit check, Earnest is able to offer lower rates and more flexible terms for its borrowers. On the whole, Earnest’s goal is to lend to financially responsible people and by doing so, help these people achieve their dreams.


Is coding the new literacy?


From Silicon Valley to Washington DC, Bill Gates, Mark Zuckerberg and even U.S. President Barrack Obama have been telling everyone to learn how to code. Coding is now considered as the “new literacy” and experts believe that it should be taught in schools and even to those with non-tech backgrounds. So what is the big deal with coding? Coding is the art of telling a computer how to perform complex tasks. It is the language of the future. Since software touches almost all areas of our daily lives, coding will help us not just understand how software works but create and modify programs and websites. The benefits of teaching children and adults how to code extend beyond personal and professional enrichment. In the U.S., it means that they will be able fill more jobs in computer science related fields instead of outsourcing jobs to India, China and other countries. As our lives are being shaped by computer programs, learning how to code today has become a matter of future survival. We simply need to evolve, stay learned and competitive in the fast-growing digital economy.

Students and teachers who are interested in coding for computer programming have many learning tools at their disposal, one of which is Code School, a website that teaches web technologies from your browser. Code School was recently acquired by Pluralsight for $36 million. You can read about the funding here.

Weekly Update – January 27, 2015

      Total Deal Value (USD) – $1,612,705,048             Total Deal Number – 71

Deal No.Amount Paid (USD)CompanyInvestor/BuyerSectorDeal Type
1$350,000,000Annapurna LabsAmazonSoftware & ServicesAcquisition
2$280,000,000Travelocity ExpediaTransactionsAcquisition
4$95,000,000Planet Labs ConsortiumSoftware & ServicesInvestment
6$65,000, ConsortiumTransactionsInvestment
7$56,000,000AntuitGoldman Sachs, Zodius CapitalSoftware & ServicesInvestment
8$52,090,425windeln.deGoldman Sachs, DN CapitalEcommerceInvestment
9$50,000,000VMTurboConsortiumSoftware & ServicesInvestment
10$42,000,000Avalara Technology Crossover VenturesSoftware & ServicesInvestment
11$40,000,000Saltside Technologies ConsortiumSoftware & ServicesInvestment
12$40,000,000Stack ExchangeConsortiumSoftware & ServicesInvestment
13$30,000,000ShazamDN Capital, Kleiner Perkins Caufield & ByersMediaInvestment
14$28,000,000Ravello Systems ConsortiumSoftware & ServicesInvestment
15$27,853,750navabi ConsortiumEcommerceInvestment
16$21,000,000Persado ConsortiumMarketingInvestment
17$20,000,000AppsFlyer ConsortiumMobile & AppsInvestment
18$20,000,000EarlySenseConsortiumSoftware & ServicesInvestment
19$20,000,000InteranaConsortiumSoftware & ServicesInvestment
20$20,000,000Work Market ConsortiumTransactionsInvestment
21$18,500,000BlueVine ConsortiumTransactionsInvestment
22$15,000,000Fastback NetworksConsortiumHardware & InfrastructureInvestment
23$15,000,000TauliaZouk CapitalSoftware & ServicesInvestment
25$12,000,000ButtonConsortiumMobile & AppsInvestment
26$12,000,000Sparkcentral Split Rock Partners, Sigma WestMarketingInvestment
27$10,000,000The Black Tux ConsortiumTransactionsInvestment
28$8,000,000Vaultive ConsortiumSoftware & ServicesInvestment
29$7,000,000AscentisCatalyst InvestorsSoftware & ServicesInvestment
30$7,000,000Rubikloud TechnologiesConsortiumSoftware & ServicesInvestment
31$5,100,000Ringly ConsortiumHardware & infrastructureInvestment
32$5,000,000Insert ConsortiumSoftware & ServicesInvestment
33$5,000,000WorkAngel ConsortiumTransactionsInvestment
34$4,000,000SceneDoc ConsortiumSoftware & ServicesInvestment
35$3,600,000AirUndisclosedMobile & AppsInvestment
36$3,400,000True LinkConsortiumTransactionsInvestment
37$3,000,000LendingRobot Runa CapitalTransactionsInvestment
38$3,000,000ShaprFrédéric MazzellaMobile & AppsInvestment
39$2,800,000Distelli Andreessen HorowitzSoftware & ServicesInvestment
40$2,650,000Pillow ConsortiumTransactionsInvestment
41$2,272,822PureLiFiConsortiumHardware & infrastructureInvestment
42$2,200,000Goo TechnologiesMOOR Capital, Sidecar FundSoftware & ServicesInvestment
43$2,100,000The League ConsortiumMobile & AppsInvestment
44$2,000,000Brandfolder White Cedar EnterprisesMarketingInvestment
46$1,800,000Kitchen StoriesConsortiumMobile & AppInvestment
47$1,793,701Starcounter ConsortiumSoftware & ServicesInvestment
48$1,750,000CodeHS ConsortiumSoftware & ServicesInvestment
49$1,600,000Car Throttle ConsortiumMediaInvestment
50$1,300,000ChatGrape ConsortiumMobile & AppsInvestment
51$1,200,000FilterEasy ConsortiumTransactionsInvestment
52$1,000,000Farm Hill ConsortiumTransactionsInvestment
53$1,000,000Lift DigitalUndisclosedMobile & AppsInvestment
54$1,000,000TipdOff ConsortiumMediaInvestment
55$694,350Jobyourlife UndisclosedTransactionsInvestment
56UndisclosedAccess Technology GroupTA AssociatesSoftware & ServicesAcquisition
57UndisclosedClearMomentumIpreoSoftware & ServicesAcquisition
58UndisclosedComposyt Light LabsIntelHardware & InfrastructureAcquisition
60UndisclosedEquivioMicrosoftSoftware & ServicesAcquisitions
61UndisclosedLogibecGI PartnersSoftware & ServicesAcquisition
62UndisclosedMagic Pixel GamesKabamGamesAcquisition
63UndisclosedPeer5 ConsortiumSoftware & ServicesInvestment
64UndisclosedRevolution AnalyticsMicrosoftSoftware & ServicesAcquisition
65UndisclosedSemetricAppleSoftware & ServicesAcquisition
66UndisclosedSimplified Stratton Investments GroupTransactionsInvestment
67UndisclosedTapZen KabamGamesAcquisition
68UndisclosedTonbellerFICOSoftware & ServicesAcquisition
69UndisclosedTrustatom Brian Cartmell, Vinny LinghamSoftware & ServicesInvestment
70UndisclosedVisualead Alibaba GroupSoftware & ServicesInvestment
71UndisclosedXact Data DiscoveryClearview CapitalSoftware & ServicesAcquisition

More information

  1. Amazon buys secretive chip maker Annapurna Labs for $350 million (Extreme Tech)
  2. Expedia Inc acquires Travelocity in $280 million deal (Reuters)
  3. Capital Today, New Horizon Lead $100M Series C In Beibei.Com (China Money Network)
  4. Planet Labs Raises $95M (FinSMEs)
  5. Coinbase Raises $75M in Series C Financing (FinSMEs)
  6. Raises over $65M in Funding (FinSMEs)
  7. Antuit Secured up to $56M (FinSMEs)
  8. Raises €45M (FinSMEs)
  9. VMTurbo Raises $50M in Seres D Funding (FinSMEs)
  10. Avalara Raises Over $42M in Series D-1 Funding (FinSMEs)
  11. Saltside Technologies Raises $40M in Funding (FinSMEs)
  12. Stack Exchange Raises $40M in Series D Funding (FinSMEs)
  13. Shazam Scoops Up $30M To Expand Partnerships, Now Valued At $1BN+ (TechCrunch)
  14. Ravello Systems Receives $28M in Funding (FinSMEs)
  15. navabi Raises €25M in Funding (FinSMEs)
  16. Persado Closes $21M Series B Funding (FinSMEs)
  17. AppsFlyer Raises $20M in Series B Funding (FinSMEs)
  18. EarlySense Completes $20M Financing (FinSMEs)
  19. Interana Raises $20m in Series B Funding (FinSMEs)
  20. Work Market Raises $20M in Growth Capital (FinSMEs)
  21. BlueVine Secures $18.5M in Financing (FinSMEs)
  22. Fastback Networks Raises $15M in Series C Financing (FinSMEs)
  23. Taulia Adds Yet Another $15 Million For Its Supplier Financing And E-Invoicing Platform (TechCrunch)
  24. Taykey Raises $15M in Funding (FinSMEs)
  25. Button Raises $12M in Series A Funding (FinSMEs)
  26. Sparkcentral Raises $12M in Series B Funding (FinSMEs)
  27. The Black Tux Raises $10 Million For Its Deluxe Suit Rental Business (TechCrunch)
  28. Vaultive Raises $8M in Funding (FinSMEs)
  29. Ascentis Raises $7M in Series C Funding (FinSMEs)
  30. Rubikloud Technologies Raises $7M in Series A Financing (FinSMEs)
  31. Ringly Raises $5.1 Million Led By Andreessen Horowitz To Expand Its Smart Jewelry Collection Beyond Rings (TechCrunch)
  32. Insert Raises $5M in Seed Funding Round (FinSMEs)
  33. WorkAngel Closes $5M Series A Funding (FinSMEs)
  34. SceneDoc Completes $4M Series A Round of Funding (FinSMEs)
  35. Following $3.6 Million Raise, Yevvo Rebrands As Air – An App That Lets You Stream Live Video To Friends (TechCrunch)
  36. YC-Backed True Link Raises $3.4M in Funding To Expand Debit Card, Financial Services To The Elderly (TechCrunch)
  37. LendingRobot Scores $3M To Automate Investing On P2P Lending Platforms Lending Club And Prosper (TechCrunch)
  38. Shapr Raises $3.0M in Seed Funding (FinSMEs)
  39. Distelli Secures $2.8M in First Round of Funding (FinSMEs)
  40. Pillow Raises $2.65 Million To Take The Friction Out Of Airbnb Rentals (TechCrunch)
  41. PureLiFi Raises £1.5M For Tech That Uses Pulsating LED Light To Create WiFI Alternative (TechCrunch)
  42. Goo Technologies Closes $2.2M Seed Funding (FinSMEs)
  43. The League Raises $2.1M in Funding (FinSMEs)
  44. Brandfolder Raises $2M To Help Companies Manage Their Logos And Other Brand Assets (TechCrunch)
  45. Citelighter Raises $2M in Series Seed-2 Funding (FinSMEs)
  46. Kitchen Stories Raises $1.8M Seed Funding Round (FinSMEs)
  47. Starcounter Raises SEK15M in Funding (FinSMEs)
  48. CodeHS Raises $1.75M in Funding (FinSMEs)
  49. Car Throttle Raises $1.6M in Seed Funding (FinSMEs)
  50. Intelligent Enterprise Messaging App ChatGrape Scores $1.3M Led By Betaworks (TechCrunch)
  51. FilterEasy Raises $1.2M in Seed Funding (FinSMEs)
  52. With $1M In Funding, Farm Hill Aims To Deliver Delicious Healthy Meals In The ‘Burbs (TechCrunch)
  53. Lift Digital raises $1M to connect fitness trainers and clients (VentureBeat)
  54. TipdOff Secures more than $1M in Angel Funding (FinSMEs)
  55. Jobyourlife Raises €600K in Funding (FinSMEs)
  56. TA Associates Acquires Majority Interest in Access Technology Group (FinSMEs)
  57. Ipreo Acquires ClearMomentum (FinSMEs)
  58. Intel Buys Smart Eyewear Maker Composyt (EWeek)
  59. Admedo Acquires Dispop (FinSMEs)
  60. Microsoft Acquires Text Analysis Service Equivio (TechCrunch)
  61. GI Partners Acquires by Logibec (FinSMEs)
  62. Kabam Acquires TapZen and Magic Pixel Games (FinSMEs)
  63. Peer5 Raises Seed Funding (FinSMEs)
  64. Microsoft to acquire Revolution Analytics to help customers find big data value with advanced statistical analysis (Microsoft)
  65. Apple Buys UK Startup Behind Musicmetric To Add Analytics To Beats (TechCrunch)
  66. Simplified Raises Seed Funding from Stratton Investments Group (FinSMEs)
  67. Kabam Acquires TapZen and Magic Pixel Games (FinSMEs)
  68. FICO Acquires Tonbeller (FinSMEs)
  69. Trustatom Raises Funding (FinSMEs)
  70. Visualead Secures Series B Funding Round (FinSMEs)
  71. Clearview Capital Acquires Xact Data Discovery (FinSMEs)

Intel’s ambitious vision

Just as Google announced that it has officially stopped selling Google Glass, Intel Capital steps in to dominate the space with its acquisition of smart eyewear company Composyt Light Labs. Based in Switzerland, Composyt Light Labs is a spin-off of Ecole Polytechnique Fédérale de Lausanne (EPFL) or better known as the Swiss Federal Institute of Technology. Unlike Google Glass, Composyt’s technology can work with any type of eyewear. And even better than Google Glass, which can only show images and information in a small area over the eye, Composyt’s device is equipped with a minuscule laser projector and a transparent holographic lens to reflect information towards the eye, not above it. This patented technology allows the user to see larger images over a field of vision of 40 degrees using normal eyewear. The acquisition is Intel’s latest investment in the wearable device market which is projected to grow to over $70 billion in 2024 according to IDTechEx.