After Brexit, warnings of a “Techxit”

Britain’s tech start-up scene was flourishing in the months leading up to last week’s vote to leave the European Union. Now, Reuters reports, high-profile companies are threatening to pull out or slow down plans to enter the UK, international employees are second-guessing their immigration standing and investors could cut new funding. Researchers are also predicting a sharp slowdown in UK tech spending.

Hillary Clinton releases tech policy proposal

Hillary Clinton’s campaign released a technology policy proposal focused on expanding U.S. entrepreneurship, access to technology, and STEM education. Proposed initiatives include deferring loan student loan payments for entrepreneurs, spurring growth of innovation clusters like Silicon Valley, and providing permanent resident status to more STEM advanced degree recipients.

Airbnb said to seek new funding at $30B valuation

Airbnb is in talks for a new round of funding that would value the company at around $30 billion, according to a New York Times article citing unnamed sources. Under terms of the fundraising, San Francisco-based Airbnb will have tripled its valuation in two years.

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Recent Activity on CrunchBase

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Funding Rounds Added

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Acquisitions Recorded

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Recent Investments

Movile

$40M / Series F

Movile is a mobile commerce platform. The São Paulo-based company will use part of the funding to enter the ticketing industry, through a $3M investment in Sympla, an online ticketing and event management company. More than 70M people use Movile’s mobile products and services each month.

Categories:

São Paulo BRA · E-Commerce · Information Technology · Telecommunications · Information Services · Mobile

Founders:

Rafael Duton, Eduardo Lins Henrique, Fabricio Bloisi, Marcelo Sales, Leonardo Constantino Oliveira, Fabio Povoa

Investors:

Naspers (Lead), Innova Capital

Modern Meadow

$40M / Series B

Modern Meadow grows animal-free leather from living cells. The Brooklyn-based company will use the funding to commercialize its biofabricated leather for the first time, and brings the total funding of the company to $53.5M.

Categories:

Brooklyn · Advanced Materials · Agriculture · Biotechnology

Founders:

Andras Forgacs, Gabor Forgacs, Karoly Jakab, Francoise Marga

Investors:

Iconiq Capital (Lead), Horizons Ventures (Lead), ARTIS Ventures, + 1 more

Fenda

$25M / Series A

Fenda is an audio-based knowledge sharing platform. The Chinese app was launched over 40 days ago on WeChat, and claims to already have 10M users with 1M paid users. Fenda is reportedly valued at $100M.

Categories:

Beijing · Q&A · Mobile Apps

Founders:

Ji Xiaohua

Investors:

Luoji Siwei, Sequoia Capital, Visionplus, + 1 more

More Investments
Company Amount / Round Lead Investor
ATESTEO 70M EUR / Debt Financing
NetraDyne $16M / Series A
Blue Whale Media $15M / Series B Tianfeng Securities
PredictSpring $11M / Series A Felicis Ventures
Broadlink $10M / Series C China Merchants Technology Group
Verodin $10M / Series A
Perthera $8.7M / Series A Pilot Growth Equity
Ifeelgoods $6.0M / Series B Up Group
Zyston $3.7M / Series A
Crowded.com $3.3M / Seed Tokalon Ventures
Farm Hill $3.0M / Series A
Velvetcase $1.5M / Series B Unicorn India Ventures
Flip $1.2M / Seed
Startup Compass Inc. $1.0M / Seed
Silvan $886K / Venture
Scoot Networks unknown / Venture Mahindra Partners
All Recent Funding Activity

Recent Acquisitions

CloudLock

Acquired by Cisco for $293M

aboutLife

Acquired by NerdWallet

More Acquisitions
Company Acquired by Amount
Predictix Infor
Nextgen Group - Nextgen Networks Vocus Communications $807M
Intellicyt Sartorius $90M
Tristar Addison Lee 50M GBP
Armasight FLIR Systems $41M
GoChime Bounce Exchange
EmLogis Kronos Incorporated
All Recent Acquisition Activity
 

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