Startups

Uber has acquired bike-sharing startup JUMP for an undisclosed amount of money. This comes shortly after TechCrunch reported that JUMP was in talks with Uber as well as with investors regarding a potential fundraising round involving Sequoia Capital’s Mike Moritz. At the time, JUMP was contemplating a sale that exceeded $100 million. We’re now hearing that
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Tencent is teaming up with Los Angeles-based education company Age of Learning to launch an English education program for kids in China. ABCmouse, Age of Learning’s flagship product, has been localized and will be available as a website and an iOS and Android app in China, with Tencent handling product development, marketing, sales and customer
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Instacart, the grocery delivery startup that has a partnership of sorts with Whole Foods, is raising $150 million in funding, Axios first reported. This is on top of Instacart’s $200 million raise at a $4.2 billion valuation in February. Instacart has since confirmed the raise, bringing its total Series E round up to $350 million
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Helios and Matheson Analytics, which already owns movie ticket subscription service MoviePass, has acquired Moviefone. Despite the old-school name, Moviefone is now a digital media business with trailers, movie information and ticketing via Fandango — it says it reaches 6 million unique visitors each month. Moviefone was previously owned by Oath, the Verizon subsidiary formed
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MIT is disassociating itself from Nectome, the Y Combinator-backed startup promising to preserve customers’ brains for the possibility of future digital upload. Co-founder Robert McIntyre described the procedure as “100 percent fatal” — it involves connecting terminally ill patients to a machine that pumps embalming fluids into their arteries. The company has collected (refundable) $10,000
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Robinhood is rolling out its Coinbase-killer that’s already helped the fintech startup’s valuation grow 4X in a year. Zero-fee trading of Bitcoin and Ethereum is now available to all investors in California, Massachusetts, Missouri, and Montana. Everyone else is still on the waitlist. Robinhood users everywhere can already track 16 crypto coins including BTC, ETH, Litecoin,
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As expected since February, Alibaba will buy all outstanding shares of Ele.me that it doesn’t already own. Best-known for food deliveries, Ele.me claims to be China’s biggest online delivery and local services platform. In an announcement, Alibaba said the deal values Ele.me at $9.5 billion. Alibaba, which first invested in Ele.me two years ago, and
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Uber is closing the doors on its on-demand package delivery service for merchants, RUSH, in New York City, San Francisco and Chicago, TechCrunch has learned. In an email to users, Uber said it plans to close RUSH operations June 30, 2018. “At Uber, we believe in making big bold bets, and while ending UberRUSH comes
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Roam, a San Francisco-based robotics startup, has just debuted a lower-body robotic exoskeleton aimed firmly at skiers. The company’s first product doesn’t stray too far from nearby Ekso Bionics, where CEO and founder Tim Swift worked previously — though the simply titled Robotic Ski Exoskeleton trades warehouse work and mobility assistance for the admittedly more
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