Swedish telecom operator TeliaSonera has confirmed a $115 million investment in music streaming service Spotify, securing a 1.4% stake in the company. The deal values Spotify at $8.2 billion. The investment is…
Blue Apron secures $135m Series D round
Blue Apron, a recipe and fresh ingredient delivery service, has secured $135 million in funding led by Fidelity Management and Research Company. The cash will be used to scale the company’s network…
Delivery Hero secures $110m funding at $3.1bn valuation
Delivery Hero, the German food delivery service, has raised $110 million from two undisclosed U.S. investors. The latest funding round values the company at $3.1 billion. Previous investors in Delivery Hero include…
2015 Red Herring North America Winners
The Red Herring Top 100 North America event in San Diego, California brought together a vast and remarkably successful field of companies. The group of finalists hailed from many different industries, offered a wide…
Softbank makes $1bn Coupang investment
Softbank has revealed it will invest $1 billion in Coupang, the South Korean mobile commerce company. Softbank joins the likes of BlackRock, Sequoia Capital and William Ackman as a Coupang investor. Coupang…
The Exit Report: Broadcom, Metaio, Alarm.com
Avago Technologies has agreed to buy fellow chipmaker Broadcom for around $37 billion, in what Bloomberg describes as the biggest pure tech M&A deal in history.
Weibo invests $142m into Didi Kuaidi
Weibo, the Chinese microblogging platform, will invest $142 million in taxi-haling startups Didi Taxi and Kuaidi Taxi. The two firms merged in February to form Didi Kuaidi, which Reuters reports to be…
Virgin Pulse grabs $92m in funding
Virgin Pulse, a workplace wellbeing company, has raised an additional $92 million in funding. Insight Venture Partners led the round, with participation from existing investor Virgin Group. “Virgin has long held the…
DocuSign adds another $45m to Series F round
Dell and Intel Capital have added $45 million to the Series F funding round of DocuSign, a document management company and former Red Herring Top 100 winner. The company’s latest round of…
Munchery grabs $85m at $300m valuation
Munchery, a fast food delivery company specializing in microwaveable meals, is close to an $85 million financing round valuing the company at $300 million, The Wall Street Journal reports. Menlo Ventures and…