Amazon makes investment in UK-based food-delivery startup Deliveroo | Digital cash startup Fnality reportedly will receive $50M from banks | OpenFin gains $17M from Series C funding round
May 17, 2019
NVCA SmartBrief
News for the startup ecosystem
SIGN UP ⋅   FORWARD
The Lead
Amazon makes investment in UK-based food-delivery startup Deliveroo
Deliveroo, a British food-delivery service active in Asia, Europe and the Middle East, raised $575 million in a funding round led by Amazon. The new capital will fund growth, Deliveroo CEO and co-founder Will Shu said.
VentureBeat (5/17),  The Wall Street Journal (tiered subscription model) (5/17) 
LinkedIn Twitter Facebook Email
Capital Call
Digital cash startup Fnality reportedly will receive $50M from banks
Financial startup Fnality is to receive roughly $50 million from some of the world's biggest banks to develop a blockchain-based digital cash system to settle transactions, sources say. About a dozen banks reportedly will participate.
Reuters (5/16) 
LinkedIn Twitter Facebook Email
OpenFin gains $17M from Series C funding round
OpenFin has raised $17 million in Series C funding, with Wells Fargo leading the round and with Barclays, Bain Capital Ventures, JPMorgan Chase and Pivot Investment Partners investing, bringing total funding to $40 million. The operating system and app store provider plans to use the money to further product innovation.
Reuters (5/16),  TechCrunch (5/16),  VentureBeat (5/16) 
LinkedIn Twitter Facebook Email
Retail sector communications startup raises $9.6M
Retail Zipline, a startup that aims to help stores and corporate retail executives better communicate with each other, recently raised $9.6 million in a funding round led by Emergence.
TechCrunch (5/16) 
LinkedIn Twitter Facebook Email
View from Abroad
Luckin Coffee IPO could bring in nearly $651M
Chinese coffee startup Luckin Coffee raised $571.2 million in its initial public offering on the Nasdaq. That figure could grow to $650.8 million if underwriters fully exercise their options on greenshoe shares.
TechCrunch (5/17) 
LinkedIn Twitter Facebook Email
Freelance marketplace Fiverr files for IPO
Fiverr, an Israel-based freelance marketplace that has become an important part of the gig economy since its launch in 2010, has filed for an initial public offering on the New York Stock Exchange.
TechCrunch (5/16) 
LinkedIn Twitter Facebook Email
3D-imaging startup MultiVu raises $7M
MultiVu, a 3D-imaging startup based in Tel Aviv, Israel, that is working on single-sensor technology, raised $7 million in its seed round.
TechCrunch (5/16) 
LinkedIn Twitter Facebook Email
Corporate Venture Capital
Berlin-based travel startup GetYourGuide raises $500M
GetYourGuide, a Berlin-based travel startup, has raised almost $500 million in a funding round led by the SoftBank Vision Fund. The company plans to use the money to expand the variety of tours and events it offers.
Reuters (5/16) 
LinkedIn Twitter Facebook Email
Sector Spotlight: Tech
Investec closes robo-advice business
Investec has discontinued its robo-advisory operation, citing low demand and a robo-advice market that is growing slower than expected.
Financial Times (subscription required) (5/16) 
LinkedIn Twitter Facebook Email
Q1 loss sends Pinterest shares tumbling
Shares of Pinterest fell 15% after the social media platform reported a first-quarter loss of 32 cents a share, almost triple what analysts had expected. The quarterly earnings report was the company's first since its initial public offering.
CNBC (5/17) 
LinkedIn Twitter Facebook Email
NVCA News
New jobs at NVCA
The Venture Capital Foundation is hiring a full-time Programs Director and Research Director. Newly created and not yet formally launched, The Venture Capital Foundation ("Foundation") is a 501(c)(3) organization focused on preserving the past and shaping the future of the U.S. venture capital ecosystem to ensure it continues to positively benefit the economy and society, as well as reach its full potential as it evolves. The Foundation is a supporting organization of the National Venture Capital Association (NVCA). To apply for the Programs Director, go here. To apply for the Research Director, go here.
LinkedIn Twitter Facebook Email
Join us at 30 Rock for VC StratComm LIVE: Meet the Press
On June 24, join VC marketing, communications, and investor relations professionals as we "Meet the Press" and learn how to better position your firm with the media. Hosted in partnership with Comcast Ventures, this networking and learning event will provide inside perspectives on how you can work to improve the effectiveness of your VC communication and marketing efforts in a rapidly changing environment. Register here.
LinkedIn Twitter Facebook Email
Learn more about NVCA:
About NVCA | Membership | Policy | Events | Research
  
  
Give credit where credit is due: simply said, if you want loyalty and best effort, you must be thoughtful.
Estee Lauder,
businesswoman

May is Jewish American Heritage Month

LinkedIn Twitter Facebook Email
  
  
Sign Up
SmartBrief offers 200+ newsletters
Advertise
Learn more about the SmartBrief audience
Subscriber Tools:
Contact Us:
Advertising  -  Abiy Bekele
P: 919.931.5915
Editor  -  Teresa Donnellan
Mailing Address:
SmartBrief, Inc.®, 555 11th ST NW, Suite 600, Washington, DC 20004
© 1999-2019 SmartBrief, Inc.®
Privacy Policy (updated May 25, 2018) |  Legal Information