Archive | January, 2015

Weekly Featured Company: Earnest

Founded Headquarters Sector Employees Revenue Total Investment Recent Investment
2013 San Francisco, California Transactions 11 $1m $32m $17m
Commentary

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?

Commentary

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) Company Investor/Buyer Sector Deal Type
1 $350,000,000 Annapurna Labs Amazon Software & Services Acquisition
2 $280,000,000 Travelocity Expedia Transactions Acquisition
3 $100,000,000 Beibei.com Consortium Ecommerce Investment
4 $95,000,000 Planet Labs Consortium Software & Services Investment
5 $75,000,000 Coinbase Consortium Transactions Investment
6 $65,000,000 Porch.com Consortium Transactions Investment
7 $56,000,000 Antuit Goldman Sachs, Zodius Capital Software & Services Investment
8 $52,090,425 windeln.de Goldman Sachs, DN Capital Ecommerce Investment
9 $50,000,000 VMTurbo Consortium Software & Services Investment
10 $42,000,000 Avalara Technology Crossover Ventures Software & Services Investment
11 $40,000,000 Saltside Technologies Consortium Software & Services Investment
12 $40,000,000 Stack Exchange Consortium Software & Services Investment
13 $30,000,000 Shazam DN Capital, Kleiner Perkins Caufield & Byers Media Investment
14 $28,000,000 Ravello Systems Consortium Software & Services Investment
15 $27,853,750 navabi Consortium Ecommerce Investment
16 $21,000,000 Persado Consortium Marketing Investment
17 $20,000,000 AppsFlyer Consortium Mobile & Apps Investment
18 $20,000,000 EarlySense Consortium Software & Services Investment
19 $20,000,000 Interana Consortium Software & Services Investment
20 $20,000,000 Work Market Consortium Transactions Investment
21 $18,500,000 BlueVine Consortium Transactions Investment
22 $15,000,000 Fastback Networks Consortium Hardware & Infrastructure Investment
23 $15,000,000 Taulia Zouk Capital Software & Services Investment
24 $15,000,000 Taykey Consortium Marketing Investment
25 $12,000,000 Button Consortium Mobile & Apps Investment
26 $12,000,000 Sparkcentral Split Rock Partners, Sigma West Marketing Investment
27 $10,000,000 The Black Tux Consortium Transactions Investment
28 $8,000,000 Vaultive Consortium Software & Services Investment
29 $7,000,000 Ascentis Catalyst Investors Software & Services Investment
30 $7,000,000 Rubikloud Technologies Consortium Software & Services Investment
31 $5,100,000 Ringly Consortium Hardware & infrastructure Investment
32 $5,000,000 Insert Consortium Software & Services Investment
33 $5,000,000 WorkAngel Consortium Transactions Investment
34 $4,000,000 SceneDoc Consortium Software & Services Investment
35 $3,600,000 Air Undisclosed Mobile & Apps Investment
36 $3,400,000 True Link Consortium Transactions Investment
37 $3,000,000 LendingRobot Runa Capital Transactions Investment
38 $3,000,000 Shapr Frédéric Mazzella Mobile & Apps Investment
39 $2,800,000 Distelli Andreessen Horowitz Software & Services Investment
40 $2,650,000 Pillow Consortium Transactions Investment
41 $2,272,822 PureLiFi Consortium Hardware & infrastructure Investment
42 $2,200,000 Goo Technologies MOOR Capital, Sidecar Fund Software & Services Investment
43 $2,100,000 The League Consortium Mobile & Apps Investment
44 $2,000,000 Brandfolder White Cedar Enterprises Marketing Investment
45 $2,000,000 Citelighter Consortium Transactions Investment
46 $1,800,000 Kitchen Stories Consortium Mobile & App Investment
47 $1,793,701 Starcounter Consortium Software & Services Investment
48 $1,750,000 CodeHS Consortium Software & Services Investment
49 $1,600,000 Car Throttle Consortium Media Investment
50 $1,300,000 ChatGrape Consortium Mobile & Apps Investment
51 $1,200,000 FilterEasy Consortium Transactions Investment
52 $1,000,000 Farm Hill Consortium Transactions Investment
53 $1,000,000 Lift Digital Undisclosed Mobile & Apps Investment
54 $1,000,000 TipdOff Consortium Media Investment
55 $694,350 Jobyourlife Undisclosed Transactions Investment
56 Undisclosed Access Technology Group TA Associates Software & Services Acquisition
57 Undisclosed ClearMomentum Ipreo Software & Services Acquisition
58 Undisclosed Composyt Light Labs Intel Hardware & Infrastructure Acquisition
59 Undisclosed Dispop Admedo Marketing Acquisition
60 Undisclosed Equivio Microsoft Software & Services Acquisitions
61 Undisclosed Logibec GI Partners Software & Services Acquisition
62 Undisclosed Magic Pixel Games Kabam Games Acquisition
63 Undisclosed Peer5 Consortium Software & Services Investment
64 Undisclosed Revolution Analytics Microsoft Software & Services Acquisition
65 Undisclosed Semetric Apple Software & Services Acquisition
66 Undisclosed Simplified Stratton Investments Group Transactions Investment
67 Undisclosed TapZen Kabam Games Acquisition
68 Undisclosed Tonbeller FICO Software & Services Acquisition
69 Undisclosed Trustatom Brian Cartmell, Vinny Lingham Software & Services Investment
70 Undisclosed Visualead Alibaba Group Software & Services Investment
71 Undisclosed Xact Data Discovery Clearview Capital Software & Services Acquisition

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. Porch.com Raises over $65M in Funding (FinSMEs)
  7. Antuit Secured up to $56M (FinSMEs)
  8. windeln.de 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

Commentary
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.