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July 5, 2016

Investors opened wallets wide for chosen few Bay Area deals in Q2

PitchBook Data reports that the second quarter saw the most money invested in Bay Area venture-backed businesses since it started tracking such activity, but the number of deals remained near a six-year low.




Los Altos used-car sales startup Beepi will launch national delivery service

Some competitors in online used car sales like Vroom already offer delivery service.




Hotel software startup Revinate will use $13M round to speed up product development

According to the company, clients have shown an average 409 percent increase in review volume and a 15 percent improvement in their TripAdvisor market index rankings.




Hyperloop One replaces CTO Brogan BamBrogan

Josh Giegel has been promoted to co-founder and president of engineering, with shakeups taking place on the transportation startup’s legal team as well.




Judge throws back $84M Uber settlement, citing missing information

The federal judge said it's difficult to value the deal because many legal questions remain unanswered.




More founder & funder news

Fitbit partners with Dana-Farber on breast cancer study

American Airlines is paying millions to speed up security screening at its hubs

KKR & Co. makes deal to acquire Texas-based software developer

Lockheed Martin-built spacecraft placed into orbit around Jupiter

Tech snafu forces Starbucks to reveal planned price increase

Cromwell Schubarth

Senior Technology Reporter

cschubarth@bizjournals.com

408.299.1823

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