News, Insights and Stories from the Australian and New Zealand tech ecosystem.

Activision Blizzard to acquire King Digital Entertainment for $5.9 billion; Handy raises $50 million; Shoeboxed Australia raises $775,000 angel round

Another busy week across the global startup world has seen gaming giant Activision Blizzard announce that it is set to acquire King Digital Entertainment, the makers of Candy Crush, for $5.9 billion, while Expedia is to acquire Airbnb competitor HomeAway for $3.9 billion. Closer to home, Shoeboxed Australia has raised $775,000 in angel funding, while invoice2go raised a $15 million Series C round.

Acquisitions

Activision Blizzard to acquire King Digital Entertainment for $5.9 billion

Gaming giant Activision Blizzard announced this week that it is set to acquire King Digital Entertainment, the company behind Candy Crush, for $5.9 billion. Bobby Kotick, Activision Blizzard’s CEO, said in a statement, “The combined revenues and profits solidify our position as the largest, most profitable standalone company in interactive entertainment. With a combined global network of more than half a billion monthly active users, our potential to reach audiences around the world on the device of their choosing enables us to deliver great games to even bigger audiences than ever before.”

Expedia to acquire HomeAway for $3.9 billion

Expedia announced that it is set to acquire HomeAway, a platform allowing users to book holiday homes from owners, for $3.9 billion in cash and Expedia common stock. Dara Khosrowshahi, CEO of Expedia, said in a statement, “We have long had our eyes on the fast growing ~$100 billion alternative accommodations space and have been building on our partnership with HomeAway, a global leader in vacation rentals, for two years. Bringing HomeAway into the Expedia family and adding its leading brands to our portfolio of the most trusted brands in travel is a logical next step.”

IBM acquires Gravitant

IBM has announced that it has acquired Gravitant, a startup behind software that helps companies broker software and computing services from multiple suppliers across hybrid clouds. According to a statement from IBM, Gravitant’s technology will be integrated into the IBM Global Technology Services unit. IBM Cloud also plans to integrate the capabilities into SaaS offerings. Martin Jetter, senior vice president of Global Technology Services at IBM, said, “The reality of enterprise IT is that it is many clouds with many characteristics, whether they be economic, capacity or security. Gravitant provides an innovative approach to add choice and simplicity to how enterprises can now manage their environments. It will be a key component as we broaden our hybrid cloud services.”

Chef acquires VulcanoSec

Seattle company Chef, an IT automation provider, has acquired German security startup VulcanoSec. According to GeekWire, Chef will be launching Chef Compliance, built on VulcanoSec’s technology, which will help companies apply regulatory requirements into the software development workflow. The acquisition comes two months after Chef raised a $40 million Series E round.

Sprinklr acquires Booshaka

Social media software startup Sprinklr has acquired Booshaka, an advanced audience segmentation and management platform. A statement from Sprinklr explained that the addition of Booshaka technology to Sprinklr’s Experience Cloud will allow brands to apply real-time audience segmentation to social data in order to better understand their audiences and deliver improved experiences, from brand advertising to customer care.

Postmates to acquire Sosh

On demand delivery startup Postmates is set to acquire Sosh, a startup that helps users find and book things to do in their city. According to Fortune, Sosh was running out of money and so decided to sell. The acquisition is actually an aquihire, as Postmates said that the acquisition does not include any of Sosh’s technology.

Microsoft acquires Mobile Data Labs

Microsoft has acquired Mobile Data Labs, the startup behind the MileIQ mileage tracking app, for an undisclosed sum. According to a statement from Microsoft, the Mobile Data Labs team “will continue to build and offer mobile productivity solutions and look to take advantage of insights from Office 365 and the Office Graph.”

Funding

Invoice2go raises $15 million Series C round

Invoice2go has closed a $15 million Series C round led by existing investors Ribbit Capital, with participation from Accel Partners, who were part of the startup’s $35 million round of funding in 2014. This brings the total amount of funding raised by Invoice2go to date to $50 million. Founder Chris Strode said that the funding will allow the business to leverage off its strong position globally to aggressively widen its footprint in the FinTech space with the development of new features, and to assist small businesses and enable them to experience more growth with its suite of tools.

Mon Purse raises seed round

Mon Purse revealed this week that it raised a significant seed funding round in July. The investors were all high net worth individuals from the technology and retail sector that wish to remain private. Founder Lana Hopkins declined to comment on the amount of capital that was raised, due to a contractual agreement to not discuss the figures within the business. However, according to multiple sources Startup Daily spoke with that are familiar with the deal, the round is estimated to be about $750,000.

Shoeboxed Australia closes $775,000 angel round

Document processing startup Shoeboxed Australia has closed a $775,000 angel investment round led by Smorgon Capital, with participation from Andrew Bird and Jono Herrman, Steph Hinds of Growthwise, and the BlueChilli Venture Fund. Shoeboxed Australia Founder and CEO Simon Foster said the investment will fund further product development and customer acquisition marketing.

Zenchef raises €6 million

Paris startup Zenchef, which helps restaurants build an online presence and manage bookings, has raised €6 million in a round led by Edenred Capital Partners, with participation from Xange, Metro, and existing backers Elaia Partners, Accélérateur Capital Partners and Kima Ventures. The startup will be using the funding to achieve its goal of reaching 25,000 restaurants around Europe by 2018.

RelayRides raises $47 million Series C round

RelayRides, a peer-to-peer marketplace for car rentals, has rebranded to Turo after announcing that it has raised $47 million in a Series C round led by Kleiner Perkins Caufield & Byers, with participation from existing investors including August Capital, Canaan Partners, Google Ventures, and Shasta Ventures. Kleiner Perkins partner Brook Porter has joined the startup’s board. The fresh funding brings the total raised by the company to date to $101 million.

LISNR raises $10 million Series B round

LISNR, a startup that has created a new communications protocol that allows for data to be sent through audio, has raised $10 million in a Series B round led by Intel Capital, with participation from investors including Mercury Fund, Jump Capital, and R/GA Ventures.

Body Labs raises $8 million Series A round

Body Labs, a startup creating advanced 3D body scanning technology, has raised $8 million in a Series A round led by Intel Capital, with participation from FirstMark Capital, Max-Planck-Innovation GmbH, Osage University Partners, and Catalus Capital, as well as company founders and certain company employees.

Uniplaces raises $24 million in Series A round

Uniplaces, a Portuguese startup helping university students find housing, has raised $24 million in a Series A round led by Atomico, with participation from existing investors including Octopus Ventures, Shilling Capital Partners, and Caixa Capital.

SnapApp raises $12 million Series A round

SnapApp, a platform helping B2B marketers create and measure interactive content, has raised $12 million in a Series A round from Providence Equity Partners.

iboss raises $35 million Series A round

Cybersecurity startup iboss has raised $35 million in a Series A round from Goldman Sachs’ Private Capital Investing group, with Goldman Sachs now holding a minority stake in the startup and Stephen Kearns, a vice president in the Private Capital Investing group, joining the iboss board. The funding will allow the startup to develop new technology and roll out its next-generation cloud platform as it also expands globally.

Lumo Bodytech raises $10 million Series B round

Lumo Bodytech has raised $10 million in a Series B round led by WuXi Healthcare Ventures, with participation from existing investors Madrona Venture Group, Innovation Endeavors, AME Cloud Ventures, and Innovalue Capital Ltd. The funding will go towards the launch of a wearables biomechanics platform, a combination of hardware, software, and data that will enable companies to integrate human body movements into the next generation of wearables technology.

nestpick raises $11 million Series A round

Berlin-based, Rocket Internet-backed startup nestpick, which wants to move the whole process of renting online, has raised $11 million in a Series A round from Magrove, Enern, and Rocket Internet. The platform has listed more than 21,000 homes and transacted over €16 million in rental income for landlords since it was founded in May 2014.

Handy raises $50 million Series C round

On demand home services startup Handy has raised $50 million in a Series C round led by Fidelity Management and Research Company, with participation from existing investors includingPG Growth, General Catalyst, Highland Capital, and Revolution Growth. The funding will go towards helping the startup solidify its position in the US and UK markets.

Netatmo raises $32 million

French IoT startup Netatmo, creator of a range of connected devices for the home, has raised $32 million in a round led by Legrand, with participation from existing investors including Iris Capital, Bpifrance, Pascal Cagni, and Netatmo’s CEO and co-founder Fred Potter. As Legrand is a provider of electrical and digital building infrastructure solutions, the investment will open the door for Netatmo to work with the company as a partner on large building projects.

Image: King Digital Entertainment CEO Riccardo Zacconi. Source: King.com.





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