Sentences with phrase «said the funding round»

Another report from Re / code Monday said the funding round closed at $ 827 million, with the company being valued at $ 3.7 billion — though it did add that the funding round could be even bigger.

Not exact matches

«This current funding round sets the stage for us to further invest in expanding our lead in the sector in areas like automation, drones and robotics,» Richard Liu, chairman and CEO of JD.com, said in a statement Wednesday.

Integrate announces its fourth round of venture funding, but founder and CEO says, «This one's not about the money.»

The company — which doesn't release its exact finances, but reportedly has an annual revenue run rate near $ 1 billion — is said to be raising a new round of funding that would value it at more than $ 5 billion.

BenevolentAI said the latest round of funding will help it scale drug development and its AI platform.

They had instances where they felt condescended to, and their first funding round was deferred because of what they say was poor management and miscommunication on the firm's end.

While the net outcome of the investigation is likely to bring more transparency to a previously opaque pricing process, the ripple effects on other startups could be profound — pushing down valuations and funding rounds universally, financial experts say.

There were 121 funding rounds for such startups in the second quarter of 2016, compared with 21 in the equivalent quarter of 2011, that group says.

In October Lyft had said that the previous round of funding boosted its valuation to $ 11 billion from $ 7.5 billion.

Lyft spokesman Adrian Durbin, confirming the funding round, in an e-mailed statement said, «Increasing the potential for this round will allow us to further accelerate our commitment to serving passengers and drivers.»

Each of the company's two $ 20 million funding rounds occurred prior to the lawsuit being filed, although a source familiar with the situation says that investors in the more recent financing were aware that a lawsuit was possible.

AllThingsD says the fund - raising round is evidence that Twitter is trying to be the next Google, not sell itself to the current one.

Too many people pop the champagne after they sign a round of funding, as if that in itself was the goal, he says.

Airbnb doesn't need the money, Chesky said — whether for ongoing operations or for M&A (the company just completed another $ 1 billion funding round and has reportedly spent less than 10 % of the $ 3 billion plus in equity it has raised), resources aren't a limitation.

Executives at a half - dozen fintech companies said the Vision Fund has told them it's looking to do deals where it can put at least $ 200 million to work over one or multiple investment rounds.

«We view success as any company that secures a subsequent round of funding,» Conser says, noting that in some cases Shell «funds» a company itself.

With its existing funding and proof of concept, Baptiste says Onswipe was positioned from the start to be considered that program round's biggest success.

April 2012: Sequoia Capital is said to be leading a $ 50 million funding round for the company, valuing Instagram at $ 500 million.

While he says he's «definitely broke,» Hater is starting to gain ground and the company is in the process of raising a round of seed funding.

At the time Kiip received its first round of VC funding, Wong was possibly the youngest person ever to do so although he says his record has since been «pummeled by, like, 40 other kids.»

However, he said ThousandEyes was able to close its funding round in two weeks because investors were pleased that it has been prudent with its finances.

The media startup, valued at $ 11 billion in its latest round of funding, says the number of «pinners,» or people sharing images and links, has doubled on its platform in the last 18 months and the number of searches on its service have increased by 81 % over the last year.

The business, which also has received an investment from Photobucket co-founder Alex Welch, is looking at raising a Series A funding round, says Stacey.

That being said, even if you have a startup short sale (i.e. selling for less than the valuation you did in your last round), you basically pay back the last round of funding first and start splitting the money on a percentage basis after that.

The ride - hailing company is pitching the new funding round at a valuation of $ 6 billion to $ 7 billion, The Journal said, citing anonymous sources.

Private equity fund Waterwood led the round although every existing backer, including Sequoia, Pitango, Lazarus, Silicon Valley Bank and Globespan Capital Partners also participated, said Dani Golan, founder and CEO of the Needham, Mass. - based company.

The Journal says the new round of funding will bring Jet's post-money valuation to $ 1.55 billion.

«We've already seen a couple of deals in Europe where it's been pre-negotiated that, if there's a subsequent funding round, you're going to get bought out at a set price,» says Swart.

Chicago Ventures doesn't disclose its investments, but Larkins says he's seeing more Midwest startups receive minimal funding in the early stages, as opposed to raising big funding rounds.

«The volume of investments is astounding,» says Phineas Barnes, a partner at First Round Capital, one of several venture capital firms that set up investment funds aimed at college entrepreneurs.

Amazon.com founder Jeff Bezos» Blue Origin company in Washington state received NASA funding in the early rounds of competition, then said it would continue working on its own, unfunded by the government.

(Reuters)-- Chinese Internet company Meituan - Dianping, akin to a mix of Yelp, GroupOn and food delivery, said on Tuesday its latest funding round raised over $ 3.3 billion, valuing the firm at more than $ 18 billion.

Amazon is paying less than Emaar's offer of $ 800 million, sources said, making it lower than the $ 1 billion valuation at the time of Souq.com's funding round last year.

When you have limited funds on the business side — say, you've raised $ 6 million in a seed round — you're bleeding money.

Fresh off of a new $ 250 million round of funding, the ridesharing service said it is cutting prices across all markets.

The company just closed a $ 115 million round of venture funding to deliver its first batch of machines to customers within the U.S., founder and CEO Ric Fulop said Monday.

He also said that start - ups should focus on profitability to eliminate the need for a funding round.

Ellman also says that had BI not sold now, it likely would have raised a large funding round within the next six months.

• Wish did indeed close its round of funding from Temasek, Term Sheet sources say.

She also says funding isn't a problem, at least in the near term; the company raised $ 13.4 million in a round of financing in 2007 — the Australian government chipped in, along with three venture capital firms.

Today, Aereo announced a $ 34 million Series C round of funding, saying it will use the additional capital to bring its service to new markets and to grow its staff.

Its growth curve has been remarkable, to say the least - the company recently completed a seed round funding of US$ 1.1 million, and Mendelsohn says that Mini Exchange founder Sarah Appleton has attributed 20 % of her revenues as having come through advertising on Facebook, with online sales being driven through its custom audiences and lookalike audiences tools to reach parents across the MENA region.

Instead, structure the investment as convertible debt: a loan that gets swapped for equity in the next big round of financing, says David Cohen, a venture capital investor and CEO of TechStars, a Boulder, Colorado - based angel fund.

With a biotech startup, it may seem the potential is all in the science, but investor Amy Schulman, a venture capital partner at Polaris Partners, which led SQZ's $ 5 million funding round, says the main reason she decided to put money in SQZ is because of Sharei, even though he's young and had never started a company before.

Goldman Sachs advised the company on earlier funding rounds and extended the company credit, while JPMorgan led a $ 600 million credit line to Dropbox last year, the people said.

With the new round of funding, Siminoff says, Ring is the best - funded and highest - valued «Shark Tank» business.

Cato Networks, an Israeli provider of cloud - based network security, said on Tuesday it raised $ 30 million in a funding round led by Greylock Partners.

Wonder Workshop Inc., which makes toy robots that teach kids how to code, said it raised $ 20 million in its second round of funding and was looking to expand into new markets, especially China.

Wonder Workshop, which makes toy robots that teach kids how to code, said it raised $ 20 million in its second round of funding and was looking to expand into new markets, especially China.

«He can present a high - level pitch and do so in an entertaining fashion,» says Alfred Lin, a partner at Sequoia Capital, who as an individual contributed to two of Uber's venture - funding rounds.