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Crunchbase News takes a look at two companies that have ceased certain operations over the past week: meal box subscription service Plated and ride-hailing app Juno. Both companies operate in once blazing hot sectors that have seen cooling investor enthusiasm.
Microsoft announced that Teams, its Slack rival, now has 20 million daily active users (DAUs). The figure is up sharply from its last announced number, 13 million DAUs this July. Slack, meanwhile, contends that level of engagement is a more telling metric than mere user numbers.
IntSights, a provider of cyber threat intelligence tools, has raised $30 million in a Series D round led by Qumra Capital. The New York-based company plans to use the funding to expand its suite of intelligence and remediation tools.
Investors put $32M into Aerospike, the Silicon Valley-based startup behind Aerospike DB, a NoSQL database solution designed for very large scale and very fast response times. Triangle Peak Partners led the financing, which brings the company's funding to date to $78M.
Neon, which operates a digital bank in Brazil, has reportedly raised $94 million in funding in a round led by Banco Votorantim and General Atlantic. The three-year-old startup says it currently has nearly 2 million active accounts and wants to triple its customer base in 2020.
Silicon Valley-based BlueVine, provider of an online banking platform aimed at small and medium-sized businesses, has raised $102.5 million in a Series F round led by ION Crossover Partners.
Shares of 36Kr, a China-based publishing and data company focused on the startup and tech economy, fell in first-day trading. Previously, the company had cut the size of its offering and shares at the bottom of the proposed range.
Chicago-based Starting Line announced that it closed $17 million in capital commitments for its inaugural fund, which will invest in seed and early-stage B2C startups. The firm is led by Ezra Galston, a former professional poker player and founder turned venture capitalist.
Seed and early stage investor Angular Ventures just closed a debut $41 million fund to invest in deep tech and enterprise companies. The firm, which is based in London, Tel Aviv, and New York, plans to cut checks between $250,000 and $1.5 million.
LawnStarter, an on-demand lawn care and maintenance service, just raised $10.5 million in a growth round led by Edison Partners. The Austin-based company, which says it is profitable, operates an app and online platform that matches customers and lawn care providers.
E-cigarette unicorn JUUL is reportedly cutting 650 jobs, 16% its workforce. The layoffs follow a string of negative developments, including a rise in vaping-related illnesses, the specter of tougher regulation, and growing concern over youth e-cigarette use.
Uber is reportedly working to invest in building an ads business inside of Uber Eats. While the strategy makes sense for the ride-hailing giant, it is better understood from a profit perspective than from a growth orientation one.
Bengaluru, India's leading tech hub, sees more cash flowing to its startup scene, with ~300 rounds this year in $3.4B. That includes furniture marketplace Urban Ladder, YourOwnROOM, a platform for finding rentals, and Lokal, which offers multilingual local news.
Shares of Cloudflare were up and down following its first earnings report as a public company. The web performance and security software provider posted a better-than-expected revenue increase of 48 percent year-over-year, paired with widening losses.