Tag Archives: investment

Airbnb closes $1 billion round

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After raising $555.5 million last year, vacation marketplace Airbnb raised an additional $447.8 million as it closed its Series F round. This brings its total round to $1 billion and raises the company’s valuation to a solid $31 billion. The investment comes in the wake of the recent Snap IPO, which raised questions about which other unicorn may go public this year. Although Airbnb looks ripe for an IPO in 2017, the company has no intention of going public anytime soon. After all, it already has billions in its war chest, enjoys operational flexibility and is profitable. Recently, the company used its billions to acquire payment startup Tilt and high-end vacation rental manager Luxury Retreat to improve its offerings. The new funding has made Airbnb the second most valuable, venture-backed tech start-up in the world after Uber.

Ford to invest $1 billion in Argo AI

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In a bid to catch up with rivals in the self-driving car race, Ford is investing $1 billion during the next five years in Argo AI, a Pennsylvania-based startup specialising in robotics and artificial intelligence. Founded by two top engineers from Google and Uber, Argo AI will work to develop a virtual driver software platform for Ford’s fully autonomous vehicles which are scheduled to be launched in 2021. The deal is Ford’s largest investment in autonomous technology, which includes its recent acquisition of Chariot for less than $1 billion as well as a multi-million investment in Velodyne. The deal follows General Motors’ purchase of Cruise Automation, a startup developing self-driving cars and Uber’s acquisition of Otto, another self-driving startup focused on trucks.

Discovery invests $100 million in Group Nine Media

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Last week, Discovery Communications poured $100 million into Group Nine Media, a new media holding company that consists of popular digital media brands such as Thrilllist Media Group, NowThis Media, The Dodo and Seeker, Discovery’s digital network. Group Nine Media specialises in creating viral content on social media. According to the company’s CEO, Ben Lerer, by teaming up with Discovery, Group Nine Media is given the chance to produce long form content for TV and create a new medium that effectively bridges social media and the world of TV.

Top 20 Mobile & Apps Deals for August 2016

Deal No. Amount Paid (USD) Company Investor/Buyer Sector Deal Type
1 $1,800,000,000 Snapchat Consortium Mobile & Apps Investment
2 $1,600,000,000 Wind Mobile SunShaw Mobile & Apps Acquisition
3 $500,000,000 Ping An Good Doctor Undisclosed Mobile & Apps Investment
4 $200,000,000 Slack Consortium Mobile & Apps Investment
5 $175,000,000 Hike Messenger Tencent, Foxconn Mobile & Apps Investment
6 $175,000,000 Snapchat Fidelity Mobile & Apps Investment
7 $150,000,000 SMS Assist Goldman Sachs Investment Partners Mobile & Apps Investment
8 $150,000,000 Age of Learning Undisclosed Mobile & Apps Investment
9 $110,000,000 Vurb Snapchat Mobile & Apps Acquisition
10 $93,000,000 Grindr Beijing Kunlun World Wide Technology Mobile & Apps Investment
11 $77,000,000 Upthere Consortium Mobile & Apps Investment
12 $72,000,000 Sirin Labs Consortium Mobile & Apps Investment
13 $63,000,000 App Annie Consortium Mobile & Apps Investment
14 $60,000,000 Circle Consortium Mobile & Apps Investment
15 $57,000,000 Jana Verizon Ventures Mobile & Apps Investment
16 $50,000,000 Silent Circle Santander Bank Mobile & Apps Investment
17 $50,000,000 FreedomPop Undisclosed Mobile & Apps Investment
18 $45,000,000 SlateScience Leon Kamenev Mobile & Apps Investment
19 $45,000,000 Matific Leon Kamenev Mobile & Apps Investment
20 $45,000,000 DotC United Consortium Mobile & Apps Investment

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