TransferWise raises $58m for currency exchange service

Andreessen Horowitz is the lead investor in TransferWise, a London-based online currency exchange. A16z was joined in the $58 million round by existing backers IA Ventures, Valar Ventures, Index Ventures, Seedcamp, and Richard Branson.

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The Exit Report: Softcard, Semetric, Box

Google is in discussions to acquire Softcard, a payments joint venture between AT&T, Verizon, and T-Mobile.

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App connecting startup Button raises $12 million Series A

Button, a startup aiming to connect apps, has raised a $12 million Series A round led by Redpoint Ventures.

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Romania looks to capitalize on huge IT workforce with startup success

You won’t hear many of Bucharest’s entrepreneurs extolling the virtues of communism. But it’s Romania’s 42 years as a socialist republic that have – at least in part – helped it become…

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Uber raises another $1.6bn

Ride-hailing company Uber has closed $1.6 billion in convertible debt from clients of Goldman Sach’s private wealth arm. The New York Times reports that the startup will raise another $600 million in…

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SpaceX raises $1bn round led by Google and Fidelity

Elon Musk’s space exploration company SpaceX has raised $1 billion in financing from two new investors, Google and Fidelity.

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Planet Labs secures $25m in financing

Founded by former NASA scientists to launch image capturing satellites, Planet Labs has secured $25 million in debt financing from Western Technology Investment to bring total funding (debt and equity) to $160.1 million.

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The Exit Report: Etsy, Shopify, BlackBerry

Etsy, an online marketplace for vintage and handcrafted items like typewriters and jewelry, is reportedly looking to raise $300 million, and could do so within the next few months.

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Fitness subscription service ClassPass secures $40m

ClassPass, a fitness subscription service, has secured $40 million in Series B funding led by General Catalyst and Thrive Capital.

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Public transit app Moovit grabs $50m Series C

The similarities between Moovit and Waze are obvious: crowdsourced traffic information platforms originally founded in Israel.

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