Root Insurance valuation hits $3.65 billion in latest round led by DST Global and Coatue – gpgmail

Root Insurance,  lang=”EN”>an Ohio-based car insurance startup that uses smartphone technology to understand individual driver behavior, said Monday it has raised $350 million on a $3.65 billion valuation in a Series E funding round.  The amount of the round was reported last month, citing anonymous sources. This official announcement fills in the remaining details, including […]

Volocopter raises $55M led by Volvo owner Geely, sets 3-year timeline for its flying taxi service – gpgmail

The promise of flying cars has become an idea more synonymous with the tech world’s shortcomings than its exciting potential, but today one of the startups that has been focused on actually trying to make small, airborne vehicles a reality is announcing a fundraise and says it’s on track for a commercial launch in two to […]

Flat, a Mexican property tech startup, raises $4.6M pre-seed led by ALLVP – gpgmail

Flat has raised one of Mexico’s largest pre-seed rounds to take the Opendoor real estate marketplace model across the Rio Grande.  The company snagged a $4.5 million pre-seed round to expand its business helping homeowners quickly sell their properties in Mexico. The round was led by ALLVP, an active early stage fund in Mexico. California-based Liquid […]

NTSB: Autopilot Design Flaw, Inattentive Driver Led to Tesla-Firetruck Crash

This site may earn affiliate commissions from the links on this page. Terms of use. The NTSB said a combination of a  flaw in Tesla’s highly regarded (certainly by Tesla) Autopilot system, plus driver inattention, caused a Tesla Model S to slam into an on-call firetruck parked on a California freeway in January 2018. No […]

Employee survey startup Culture Amp closes $82M round led by Sequoia China – gpgmail

Each unhappy startup may be unhappy in its own way, but there’s still wisdom in understanding what drives employee satisfaction and dissatisfaction across companies. Culture Amp is just one the companies aiming to help employees anonymously express how they feel about their place of work, but the Melbourne company is using the anonymized employee survey […]

Inkitt raises $16M led by Kleiner Perkins to publish crowdsourced novels in ‘mini-episodes’ – gpgmail

The traditional world of publishing has been challenged hard by the digital revolution. Reading as a pastime has been in significant decline, in part because of the proliferation of screens and options for what to watch and do on them. On the other hand, Amazon has led the charge in changing the economics of publishing: the […]

Sweden’s Hedvig raises $10.4M led by Obvious Ventures to build “nice insurance” – gpgmail

Hedvig, a Swedish startup, is following in the footsteps of Lemonade building a new generation of insurance platforms that use AI to help evaluate customers and operate on a policy of using surplus for social good, and today the company announced the next stage of its growth. The startup has closed a SEK100 million ($10.4 […]

Flatfair, the ‘deposit-free’ renting platform, raises $11M led by Index Ventures – gpgmail

Flatfair, a London-based fintech that lets landlords offer “deposit-free” renting to tenants, has raised $11 million in funding. The Series A round is led by Index Ventures, with participation from Revolt Ventures, Adevinta, Greg Marsh (founder of Onefinestay), Jeremy Helbsy (former Savills CEO) and Taavet Hinrikus (TransferWise co-founder). With the new capital, Flatfair says it […]

BlockFi, which lends money to cryptocurrency holders, just raised $18.3 million led by Valar Ventures – gpgmail

Last year, we told you about a New York-based startup that had begun lending cold, hard, cash to cryptocurrency holders who don’t want to offload their holdings but also don’t necessarily want so much of their assets tied up in cryptocurrencies. Today, that two-year-old company, BlockFi, is announcing $18.3 million in Series A funding led […]

Data-driven events discovery and planning startup Fever raises $35 million led by Rakuten – gpgmail

Fever, a startup that uses proprietary algorithms to help companies plan events, announced today that it has raised $35 million led by Rakuten Capital, the investment arm of Japanese internet giant Rakuten . Other investors in the round, which brings Fever’s total raised to $70 million, included Atresmedia, Accel and Michael Zeisser, the former chairman […]