Fundings

Mizzen+Main racks up $3 million for menswear that feels athletic, looks tailored

Apparel makers Mizzen and Main LLC have closed $3 million in a modest Series B round of venture funding to ramp up inventory and sales of their signature menswear, according to founder and Chief Executive Kevin LaVelle. The Dallas, Texas-based startup is best known for combining the durable and breathable fabrics one would expect in …

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RiskRecon scores $3 million seed round to provide objective cloud vendor security assessments

RiskRecon, a startup that helps companies make objective security assessments of third-party cloud vendors, emerged from stealth today with a $3 million seed round led by General Catalyst. Several unnamed private investors also participated in the round. Jeff Martin of TD Bank Group was also named to the company’s board today. RiskRecon leverages information that is …

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Flywheel raises $4M for its designer-focused WordPress hosting platform

WordPress sites make up a massive chunk of the Internet, so it’s no surprise there are also plenty of services that specialize in hosting them. WordPress hosting and management service Flywheel, which focuses on designers and creative agencies, today announced it has raised a $4 million Series A round led by Kansas City’s Five Elms Capital. This …

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Verizon buys a stake in AwesomenessTV to bring exclusive videos to its streaming service go90

Verizon this morning has made another move to ramp up its media business, and specifically, bring new content to its mobile video streaming service, go90. The company (and AOL parent, which owns TechCrunch), says it will be taking an approximate 24.5 percent stake in the Dreamworks’ video company AwesomenessTV. The deal will also see Verizon and …

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Haptik, an India-based mobile concierge service, raises $11.2M from Times Internet

Haptik, a mobile concierge style service in India, has landed investment from domestic media giant Times Internet. The size of the Series B raise was not disclosed, but TechCrunch understands from a source close to the deal that is $11.2 million. The Haptik service was launched in 2014 and it raised a $1 million seed round …

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London-based on-demand delivery service Jinn picks up $7.5M Series A

Just a couple of weeks after the closure of Valk Fleet, Delivery Hero’s B2B food delivery startup, not all waters are choppy in London’s on-demand delivery space. After months of rumours that the startup was raising, Jinn, the same-hour ‘shop on your behalf’ delivery app, is disclosing $7.5 million in Series A funding, money that it …

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Orange invests $85M in Africa Internet Group, Africa’s first billion dollar tech firm

There’s more money for Africa Internet Group (AIG), the Rocket Internet-backed company that became Africa’s first tech unicorn last month when it landed a $326 million investment at a valuation of more than $1 billion. AIG today revealed that it has taken an additional €75 million (around $85 million) in additional cash from new investor mobile giant Orange. …

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