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Revolut gets European banking license in Lithuania

Fintech startup Revolut is now officially a bank. While the startup initially expected to get its European banking license during the first half of 2018, the company has finally come out of the regulatory tunnel with a license in hand. As expected, Revolut applied for a license through the Bank of Lithuania and is leveraging passporting rules to operate in other European countries. Users will see some changes over the coming months. First, the company expects to roll out new features in the U.K., France, Germany and Poland. Right now, Revolut is more like an e-wallet that you can top up in many different ways. Users in those countries will get a true current account and a non-prepaid debit card in a few months. After transferring your money to Revolut’s own infrastructure, funds will...

Bowery, an indoor farming startup, raises $90 million more, including to counter a SoftBank-funded rival

When in July of last year, Softbank’s Vision Fund led a whopping $200 million round in the Silicon Valley startup Plenty, investors behind a competing indoor farming startup across the country, New York-based Bowery, were left reeling.  Just one month earlier, they’d closed on a round that brought Bowery’s total funding to $31 million. And as one of Bowery’s backers told us in the immediate aftermath of Plenty’s enormous round, SoftBank’s involvement “definitely gives you pause.” It has not, however, prompted investors to give up, plainly. On the contrary, Bowery just today announced that it has raised $90 million in fresh funding led by GV, with participation from Temasek and Almanac Ventures; the company’s Series A investors, General ...

Farfetch bets on sneakers with $250M Stadium Goods acquisition

The lines between streetwear and luxury fashion have blurred in recent years, especially as excitement around sneaker brands like Yeezy and Off-White has soared. A marriage between a luxury fashion marketplace and a sneaker and streetwear reseller seems like a natural way to wrap up M&A in 2018. With that said, Farfetch has acquired New York-based Stadium Goods, opting to pay $250 million for the sneaker startup in a combination of cash and Farfetch stock. Headquartered in London, Farfetch went public on the New York Stock Exchange in September, pricing its shares at $20 apiece and raising $885 million in the process. What’s more impressive is Stadium Goods’ journey to exit. The company, which sells new and deadstock products online and in a brick-and-mortar store in New Yo...

YayPay raises $8.4 million for its accounts receivable service

Fintech startup YayPay just raised another $8.4 million for its software-as-a-service solution focused on collecting money from outstanding invoices. The company participated in TechCrunch’s Startup Battlefield. Information Venture Partners led today’s funding round with existing investors Birchmere, QED, Fifth Third Capital, Gaingels and 500 Fintech Fund also participating. YayPay targets large companies with an accounting department. The startup provides the perfect service to handle unpaid invoices. YayPay analyzes previous invoices and predicts when you’re supposed to get paid depending on the client and the nature of the invoice. This way, you know which account needs your attention right now. Teams can collaborate to send reminders and make sure everyone is on the same page. You can ...

Accenture will acquire digital ad company Adaptly

Accenture announced today that it’s reached an agreement to acquire Adaptly. The digital advertising company launched in 2010 with self-serve tools for running ads across different social networks. In a blog post about the acquisition, co-founder and CEO Nikhil Sethi wrote that the company’s mission hasn’t changed, but it has expanded to support Google and Amazon’s ad platforms, while also introducing “several creative technology solutions that make our media buying work harder.” While Adaptly has mostly stayed out of the headlines for the past few years, the company now has nearly 150 employees and works with advertisers like Chico’s, Mazda, Prudential and Sprint. Once the deal closes, it will become part of the Accenture’s digital marketing...

Tigera raises $30M Series B for its Kubernetes security and compliance platform

Tigera, a startup that offers security and compliance solutions for Kubernetes container deployments, today announced that it has raised a $30 million Series B round led by Insight Partners. Existing investors Madrona, NEA and Wing also participated in this round. Like everybody in the Kubernetes ecosystem, Tigera is exhibiting at KubeCon this week, so I caught up with the team to talk about the state of the company and its plans for this new raise. “We are in a very exciting position,” Tigera president and CEO Ratan Tipirneni told me. “All the four public cloud players [AWS, Microsoft Azure, Google Cloud and IBM Cloud] have adopted us for their public Kubernetes service. The large Kubernetes distros like Red Hat and Docker are using us.” In addition, the team has s...

Future Family secures a $100M credit line to help more families with fertility care

West Owens, Future Family CFO, and Claire Tomkins, CEO Future Family is a startup (and a Disrupt Startup Battlefield alum!) that helps families more easily afford fertility services like IVF and egg freezing. They work with fertility clinics to get the often unpredictable costs set in stone, then cover said costs and convert them into a more approachable monthly payment plan. But covering those costs up front isn’t cheap, which lead to long waitlists for those looking to Future Family for help. With that in mind, the company has locked in a $100 million credit line to help them power through their waitlist and immediately offer their services to more people. The capital is coming from Atalaya, a capital management firm that specializes in funding specialty finance companies like Futu...

AI-powered knowledge sharing platform Guru raises $25 million Series B

Guru, the enterprise-focused information sharing platform, has today announced the close of a $25 million Series B funding led by Thrive Capital, with participation from existing investors Emergence Capital, FirstMark Capital, Slack Fund, and Michael Dell’s MSD Capital. Guru came on to the scene in 2013 with the premise that organizations are not so great at building out informational databases, nor are they very good at using them. So Guru built a Chrome extension that simply sits as a layer on employees’ computers and surfaces the right information whenever asked. Specifically, this comes in handy for customer service agents and sales people who need to answer questions from people outside of the organization quickly and accurately. This summer, Guru revamped the platform to ...

Procter & Gamble acquires Walker & Company, Tristan Walker will remain as CEO

Walker & Company Brands, a startup making health and beauty products for people of color, has been acquired by consumer giant Procter & Gamble. The company was founded five years ago by Tristan Walker, who previously led business development for Foursquare, and who aimed to create products that would better serve the needs of people of color with coarse or curly hair. Walker & Co. started out with its Bevel shaving products for men, then launched Form, a collection of hair products for women. P&G says the acquisition will help it “better serve consumers of color around the world.” Walker & Co. will operate as a wholly-owned subsidiary of the larger organization, with Walker continuing to serve as CEO, and the entire 15-person team moving to Atlanta. “W...

Let’s talk hardware in Vegas

Hello, Las Vegas! We are all heading to LV for CES next month and instead of spending all our cash on a booth we’ll be wandering the halls and want to meet you as far away from the Convention Center as possible without ending up in the Grand Canyon. And we need your help. While I have some ideas, I’d love it if someone could recommend a nice place to host about 150 people with drinks, food, and other goodies. We’ll have beer, exhibitors, and some good times. If you have any ideas or would like to take part as a sponsor or exhibitor, please drop me a line at john@techcrunch.com. I’m thinking something nice out in Old Las Vegas or somewhere off the strip where we don’t have to push through crowds of people in lanyards. This event will be open to all of you so ge...

AtScale lands $50 million investment led by Morgan Stanley

AtScale, the startup that helps companies move massive amounts of data into business intelligence and analytics tools, announced a $50 million Series D round today. Morgan Stanley led the round with previous investors Storm Ventures and Atlantic Bridge joining in. New investor Wells Fargo also participated. The funding comes almost exactly a year after the company announced its $25 million Series C. Today’s funding brings the total amount raised to $120 million. Bringing on an institutional investor like Morgan Stanley is often a signal that the company has reached the stage where it is at least beginning to think about the possibility of going public at some point in the future. AtScale CEO Chris Lynch acknowledged such a connection without making any broad commitment (as you would ...

See you in Poland next week

I’m heading back to Europe to hang out in Wroclaw and Warsaw, Poland. Are you ready? I’ll be at a Wroclaw event, called In-Ference, which is happening on December 17 and you can submit to pitch here. The team will notify you if you have been chosen. The winner will receive a table at TC Disrupt in San Francisco. The Warsaw event, here, is on the 19th at WeWork in Warsaw. You can sign up to pitch here. I’ll notify the folks I’ve chosen and the winner gets a table as well. Special thanks to WeWork Labs in Warsaw for supplying some beer and pizza for the event and, as always, special thanks to Dermot Corr and Ahmad Piraiee for putting these things together. See you soon! Source: Tech Feed

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