July 19, 2016 0 Comments
After putting its IPO plans on hold during the last two years, Japanese messaging service LINE finally had a successful debut on the New York Stock Exchange last week, raising $1.1 billion. This values the company at around $7 billion. Although LINE is not well-known in the US, the company enjoys massive popularity in Japan. Its messaging service was launched in the aftermath of Japan’s devastating earthquake and tsunami in 2011 to give people a reliable means of communication amidst damaged phone infrastructure nationwide. LINE quickly gained a following of more than 50 million people after its launch. Today, it has more users than Facebook or Twitter in Japan. LINE’s headquarters is in Tokyo, but the majority of the company is owned by Naver Corp., which is South Korea’s biggest search engine.
July 6, 2016 0 Comments
The Honest Company, an ecommerce site known for its non-toxic and eco-friendly products for children and homes, has disclosed its IPO plans. Founded by actress Jessica Alba, The Honest Company’s revenue in 2015 was $275 million, a robust increase from its $150 million revenue in 2014. In addition to its growing sales, the startup has in its war chest a total of $222 million, which it received from a consortium of investors, including Glade Brook Capital Partners, Fidelity Investments, Institutional Venture Partners, Lightspeed Venture Partners and others. The majority of the money is still intact as the company prudently prepares to go public. According to industry observers, the company seems to be keen on taking advantage of the growing personal care and organic products market, which is said to be worth $15.98 billion by 2020. The company is valued by its investors at $1.7 billion.
June 6, 2016 0 Comments
As part of its IPO plan, Glassdoor announced last Friday that it had raised another $40 million in a funding round led by T. Rowe Price Associates. This brings the startup’s total funding to $201.5 million with a valuation of around $1 billion. The company is known for helping jobseekers to find the right company for them. It provides unbiased reviews and commentary from both current and former employees of more than 400,000 companies worldwide. Glassdoor has revolutionised job hunting in the US and abroad by providing inside information to potential employees and creating more transparency. According to Glassdoor founder and CEO Robert Hohman, the funding will be used to invest in machine learning technology to make better matches between jobseekers and jobs.
May 26, 2016 0 Comments
According to TechCrunch, Snapchat is currently raising $200 million in a funding round, which will value the company at around $20 billion. The fundraising is said to be part of the startup’s $175 million Series F and is based on a share price of $30.72 per share. Once completed, this will boost the company’s total funding to around $1.5 billion. While there’s no doubt that Snapchat continues to attract hordes of millennials and advertisers to its platform, the high valuation could make the company too expensive for potential acquirers and further pushes the company to an IPO, which analysts predict will take place in 2017. According to Statista, Snapchat is one of the most popular unicorns in the private market with the potential to unseat Facebook’s dominance in the social media market.
© 2016 Online Agility Investments, Acquisitions and Venture Capital Database | Internet DealBook. All Rights Reserved.