Author: Ingrid Lunden

Food delivery upstart Deliveroo adds another $98M to its latest round, now at $480M

TECHCRUNCH The food-delivery on demand space continues to heat up in Europe. Today, Deliveroo, the London-based startup that just weeks ago announced a Series F of $385 million at a valuation of over $2 billion, today announced another $98 million into the round, led by T. Rowe Price Associates and Fidelity Management & Research Company. The news underscores how the food delivery business continues to be one of economies of scale: Deliveroo’s extra funding boost comes just a day after Hungryhouse and JustEat announced that regulators have approved their merger, announced almost a year ago. Yesterday, Postmates, one of the delivery...

Read More

Airbnb acquires ad tech startup AdBasis

TECHCRUNCH It looks like accessibility isn’t the only thing that Airbnb wants to upgrade on its platform. On the same day that Airbnb announced that it acquired Accomable, an “Airbnb for disabled travellers”, it has emerged that it’s also made another small acquisition. Airbnb has acquired adtech startup AdBasis, which had built a platform and dashboard for ad testing and optimization. Airbnb has confirmed the acquisition but is not commenting on it further. AdBasis has published a note on its site indicating that the deal closed on November 13 and that its team will continue to work on digital creative...

Read More

Kabbage gets $200M from Credit Suisse to expand its AI-based business loans

TECHCRUNCH After picking up $250 million in equity funding from Softbank earlier this year, the small business loans and finance company Kabbage — which uses only algorithms and machine learning (no humans) to determine an applicant’s eligibility — is announcing another big infusion of money. The company is picking up $200 million from Credit Suisse in a revolving credit facility that it will use for loans. Specifically, Kathryn Petralia, who is the COO and co-founded the company with Rob Frohwein, said the funding will help the company increase the number of loans it can make to larger companies in the...

Read More

Airbnb buys Accomable, a specialist in travel listings for disabled people

TECHCRUNCH Airbnb, the accommodation and travel startup that is now valued at $31 billion, is today announcing an acquisition that points to how it wants to address the travel needs of more kinds of customers. It has bought Accomable, a startup based out of London that focuses on travel listings that are disabled-friendly. Along with the announcement Airbnb is refreshing its own accessibility features as the first stage in how it hopes to develop them. As part of the acquisition, Accomable will be winding down its business, co-founder and CEO Srin Madipalli said in an interview this week here...

Read More

LinkedIn rolls out its Career Advice mentoring program to US, UK and India

TECHCRUNCH LinkedIn, the Microsoft-owned social platform for the working world with some 530 million members, has made a big push in the last couple of years to position itself not just as a place to look for new jobs and network, but as a place for professional development — including services for online learning; steady streams of news and other content to expand your knowledge; and most recently help with building your resume. Today, it’s taking the wraps off the latest product in that effort: users in the US, US and India will now be able to use LinkedIn to connect with mentors to help coach them on how to steer themselves in their careers, free of charge. Career Advice, as the new product is called, is the full roll out of an online mentoring service that LinkedIn launched in a limited format this past summer, in San Francisco and Australia. The idea is to connect users with mentors who can help them figure out anything to do with their career, whether it’s ideas on how to find a new job, feedback for why they are not getting ahead or feeling satisfied at work, and maybe even to pivot to a new career altogether. If you are in the three countries in the first wave of the rollout, to start using the service, you can click on this link, or go...

Read More

UK plans $80M in tech initiatives, doubles tech visas to 2,000 to shore up support amid Brexit anxiety

TECHCRUNCH While the UK continues to try to find solid ground to begin its contentious Brexit negotiations, the government today announced several initiatives to try to shore up support (to and from) the country’s technology industry. Prime Minister Theresa May and Chancellor Philip Hammond today announced that the UK would double the number of visas issued to “the brightest and best” talent (which includes, but is not exclusive to, tech) to 2,000. On top of this, the UK government plans to commit £61 million ($80 million) to develop three areas: £21 million to expand Tech City (a London initiative...

Read More

Spotify expands merch to beauty products, sells out tickets for Who We Be

TECHCRUNCH Spotify, the $16 billion digital music “startup” that is hotly tipped for an IPO, continues to lay the groundwork to diversify its platform beyond basic streaming. In the latest developments, the company is going to start selling beauty products. Yes, you read that right, you can now buy makeup on Spotify. The new service is the latest expansion of Spotify’s partnership with Merchbar, which Spotify started working with last year to sell artists’ merchandise on their profile pages. Working with popular make up artist Pat McGrath and musician Maggie Lindemann, Merchbar is now moving into areas adjacent to...

Read More

Carrier billing startup Boku to raise £45M in London IPO November 20

TECHCRUNCH Boku, the startup that partners with Apple in its rollout of carrier billing for the App Store, expects to raise £45 million ($60 million) on a post-money valuation of £125 million ($164 million) when it goes public on November 20, a week from today. The company — which also works with Google, Microsoft, Facebook, Spotify and some 173 carriers to allow users to pay for digital goods like apps and subscriptions via their mobile bills — first announced its intention to float on the London Stock Exchange’s Alternative Investment Market, on November 3, without detailing the amount it...

Read More

Right Now in Politics