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Israel’s YL Ventures Sells Axonius Stake for $270m, Just a Week After Unicorn Valuation

March 9, 2021

Israeli venture capital fund YL Ventures has sold its stake in compatriot cybersecurity firm Axonius – just days after the latter was valued at over a billion dollars. The stake, worth around…

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Is This the Second Dot Com Bubble?

December 12, 2020

Will the latest dot com bubble burst? That’s the question on many lips, as 2020 shapes up to be one of the most remarkable years ever for tech brands going public. AirBnB’s…

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Spotify Buys Megaphone for $235m

November 10, 2020

Swedish music streaming giant Spotify has acquired podcast advertising and publishing firm Megaphone, in a deal worth a reported $235 million. The deal will help Spotify provide targeted ads, and expand advertising…

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Deutsche Bank Ponders Tata Consultancy Tech Sale

October 22, 2020

Deutsche Bank is in talks to sell one of its major technology units to Tata Consultancy Services Ltd, a Mumbai-based conglomerate, according to a report by Bloomberg. Postbank Systems AG, a Bonn-based…

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UK’s Kindred Capital Closes $105m Fund

September 21, 2020

London-based VC outfit Kindred Capital has closed a second fund for £81 million ($105m). It is a small increase on Kindred’s first fund, which closed in 2018 and has invested in 29…

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EduTech Outfit Eruditus Raises $113m, as E-Learning Explodes Worldwide

August 31, 2020

Education startup Eruditus has raised $113 million in a Series C funding round, as the company continues to provide universities with online learning options amid the COVID-19 pandemic. The round was led…

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Microsoft Buys Greek Robotics Firm Softomotive

May 20, 2020

Microsoft has acquired robotic process automation (RPA) company Softomotive. The move was reported earlier this month by Bloomberg, but only confirmed yesterday. The cost of the deal is not yet known. The…

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Pexip Roadshows for IPO – Can it Really Beat Zoom?

May 6, 2020

This week Pexip launched a virtual roadshow, as it prepares to become the first European company to execute an IPO remotely. That is apt, given the Norwegian firm’s video conferencing solution. But…

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Tracking Software Firm Prodsmart Wins $1.5m Seed Funding

February 21, 2018

Prodsmart, a company offering real-time tracking for production lines, has won a $1.5 million seed investment round. The firm, based in the Portuguese capital city Lisbon, will use the money to onboard…

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Indonesia’s Tokopedia wins $1.1bn Alibaba-led Round

August 17, 2017

Tokopedia, one of southeast Asia’s leading e-commerce companies, has received a $1.1 billion funding round led by China’s Alibaba, which will see the latter become a minority stakeholder. The round, which follows…

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Saudi Startup Foodics Gets $20m Cash Injection

Saudi Arabian firm Foodics, which has created an all-in-one restaurant

The Exit Report

Israel’s YL Ventures Sells Axonius Stake for $270m, Just a Week After Unicorn Valuation

Israeli venture capital fund YL Ventures has sold its stake in compatriot

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