Rent the Runway raises $60 million

WASHINGTON, DC - NOVEMBER 24: General view of General view of The Rent the Runway DC store Opening at Rent The Runway on November 24, 2014 in Washington, DC. (Photo by Kris Connor/Getty Images for Rent The Runway) Fashion e-commerce powerhouse Rent the Runway has confirmed that it raised $60 million in a funding round led by Fidelity Investments. Technology Crossover Ventures, Bain Capital Ventures, Highland Capital Partners and Advance Publications are also participating in the round. Recode, which first reported the news, was told that the valuation was a “significant step up” from the… Read More

Rent the Runway raises $60 million

WASHINGTON, DC - NOVEMBER 24: General view of General view of The Rent the Runway DC store Opening at Rent The Runway on November 24, 2014 in Washington, DC. (Photo by Kris Connor/Getty Images for Rent The Runway) Fashion e-commerce powerhouse Rent the Runway has confirmed that it raised $60 million in a funding round led by Fidelity Investments. Technology Crossover Ventures, Bain Capital Ventures, Highland Capital Partners and Advance Publications are also participating in the round. Recode, which first reported the news, was told that the valuation was a “significant step up” from the… Read More

Check out the trailer for our new series “The Down Round”

thedownround_569x320 The new series “The Down Round” is a six-episode look at what many are considering the burst of the Silicon Valley bubble. While Silicon Valley has boomed for most of the past decade, funding has become harder to come by and unicorns are having trouble proving their worth. Companies that have raised huge funds are folding. However, venture funds are richer than ever, but are just… Read More

DroneDeploy raises $20 million to help any business put drones to work

An elevation map created using DroneDeploy. A San Francisco-based startup called DroneDeploy has raised $20 million in Series B funding to grow their drone data management platform. The drone tech startup closed its Series B deal just before the U.S. Federal Aviation Administration is scheduled to implement new rules governing commercial and industrial drone use. The Part 107 rules, announced by the FAA in June this year, will take hold… Read More

Midokura raises $20M Series B round for its network virtualization platform

2016-06-07_1519 Network virtualization specialist Midokura today announced it has raised a $20 million Series B round with participation from Japanese fintech company Simplex and existing investors like Allen Miner and the Innovation Network Corporation of Japan. With this round, Midokura’s total funding has now hit $44 million. As enterprises move away from expensive proprietary networking hardware… Read More

Rancher Labs raises $20M Series B round for its container management platform

rancher_labs Rancher Labs, a container management platform that supports both Kubernetes and Docker Swarm, today announced that it has raised a $20 million Series B round. This new funding round was led by new investor GRC SinoGreen, a Chinese private equity and venture capital fund, with participation from existing investors Mayfield and Nexus Venture Partners. This round brings the company’s… Read More

Lenovo is launching a new $500 million startup fund

lenovo Chinese tech giant Lenovo is investing $500 million in startups after it announced a new fund. Unlike other corporates, Lenovo has a history of making deft investments. Its first fund, created in 2010 and $100 million in size, includes Israeli facial recognition startup Face++, publicly listed Chinese firm iDreamsky and biometrics specialist Nok Nok Labs among its 40-plus company portfolio. Read More