Tiger Global Checks In To Brazil’s Hotel Urbano With $50M Round

Editor’s note: This is a repost of a TechCrunch article written by Jon Shieber.

The Brazilian online travel agency Hotel Urbano has gotten a 120 million Reais ($50 million) reservation from the powerhouse hedge fund investor Tiger Global Management and previous backer Insight Venture Partners.
With both the World Cup and the Olympics right around the corner, the Brazilian travel industry is exploding as the country frantically tries to increase its stock of accommodations for the expected tourist boom.

“Today we have 450,000 hotel rooms in Brazil, and this number will almost double,” said Hotel Urbano co-founder Joao Ricardo Mendes.

Some of the cash from the round led by Tiger Global will go to support a push the company is making to conduct direct negotiations with hotels across the country. Unlike the U.S. market, which is dominated by a few national brands, 85% of the 14,000 hotels currently operating in Brazil are individually owned, Mendes said. Continue reading

On The Road To An IPO, Wayfair Picks Up $157M

Editor’s note: This is a repost of a TechCrunch article written by Jon Shieber.

On the way to an initial public offering later this year, the home furnishing online retail juggernaut Wayfair has picked up $157 million in a new round of funding.

The online retailer is mum about who’s doing what with whom as far the plans for a public offering are concerned, but The Wall Street Journal is reporting that Goldman Sachs, Citigroup, Allen & Co. and Bank of America are on the book.

Cash for the latest round came primarily from funds and accounts managed by T. Rowe Price, the financial services institution that’s been throwing money at venture-backed tech companies like it was a sailor on shore leave. (Surprisingly, it looks like T. Rowe’s good buddy on big deals, Tiger Global Management, sat this dance out.) Continue reading

New York VC Investments Top $1B In The First Quarter

Editor’s note: This is a repost of a TechCrunch article written by Jon Shieber.

For New York City’s startup community, the future venture capitalists have hoped for may be taking place right now.

Over the past two days New York startups have announced nearly $200 million in funding, so the question may not be “When will New York be a venture hub in its own right?” but instead “How soon is now?”

The city is already on pace for the best first quarter in its history – with 98 companies raising nearly $1.3 billion to date and its second best quarter by capital committed since 2009, according to our data. In the last quarter of 2013 New York’s new companies raised over $1.6 billion.

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CrunchBase Is Halfway To One Million Profiles

Through February, CrunchBase now includes over 518k profiles for companies, investors, products and people. Highlights of the February 2014 Export include:

The CrunchBase dataset continues to grow at a blistering pace thanks to our community of contributors and members of the CrunchBase Venture Program. We’re publishing this snapshot today which includes all venture funded companies.

You can download the snapshot here and if you find any errors or omissions, please let us know!

The New Age Of The Security Startup

Editor’s note: This is a repost of a TechCrunch article written by Jon Shieber.

Last month Apple disclosed and fixed a massive bug in its operating system that left users’ information exposed to theft; faith in the cryptocurrency Bitcoin is eroding; and revenues at the retailing giant Target fell 46% on a quarterly basis over the Christmas season last year, all because of security breaches.

There is no doubt that the profusion of technology designed to make personal and professional lives easier has left people around the world personally and professionally more exposed to potential threats like identity theft, unwanted surveillance, and corporate espionage.

To combat these growing threats the entrepreneurs and investors that helped to seed this technology revolution are going back to the well to finance a new generation of security startup.

Since 2009 investors have spent at least $2.9 billion on security technologies, according to data from CrunchBase. And so far this year investors have spent at least $150 million in 26 new investments in security technology companies.

Investors are also valuing these companies more highly now. In the first quarter of 2013 investors made 44 investments with roughly the same amount of capital, the CrunchBase data shows.

The need for new security technology is also driving up company valuations at the earliest stages of their development, the CrunchBase data shows. In the first quarter of 2013 16 seed stage companies raised $4.9 million. For 2014, less than half the number of companies raised roughly the same amount.

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RainDance Technologies Closes On $16.5M More For Liquid Biopsy Tech

Editor’s note: This is a repost of a TechCrunch article written by Jon Shieber.

The life sciences technology development company RainDance Technologies has raised $16.5 million from new investors GE Ventures and Northgate Capital as it looks to make its liquid biopsy technology available commercially.

To date, RainDance has raised well over $100 million in equity and debt to back its vision and develop its technology, which is currently being used as a research tool for studying various cancers, viruses, and inherited diseases.

For RainDance chief executive Roopom Banerjee, the close of the company’s $36.5 million Series E round, is just the latest step on what has been RainDance’s decade-long path to bring its cancer and virus detection technology to the public. Continue reading

Corporate Investors Move Into The Accelerator Market

Editor’s note: This is a repost of a TechCrunch article written by Jon Shieber.

Big banks do it, big phone companies do it, and even the biggest entertainment companies do it: After years of neglect, the world’s biggest companies are throwing their weight (and a few dollars) behind new technology startups.

It wasn’t always this way.

Historically there’s been one big backer of early-stage companies and that’s the investment arm affiliated with the sultan of search, Google Ventures, according to data from CrunchBase.

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CrunchBase Monthly Export – CrunchBase Closes In On 500K Profiles

In January, we added over 3.6k funding rounds in CrunchBase to reach 57.8k overall. We also added over 22k profiles last month to close in on the 500k milestone. Highlights of the January 2014 Export include:

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CrunchBase Data Export Now Includes International Startups, Investors

Due to frequent user requests over the last few months, we have decided to now include international companies in the monthly CrunchBase data export.

In 2013, we added over 22k funding rounds in CrunchBase and surpassed 54k overall. We also added over 204k profiles in 2013 to reach nearly 475k overall. Highlights of the December 2013 Export:

Funding_Rounds_Quarter

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CrunchBase Reveals: The Average Successful Startup Raises $41M, Exits at $242.9M

Editor’s note: This is a repost of a TechCrunch article written by Mark Lennon.

The CrunchBase dataset has now captured more venture exits than ever, so we decided to take a closer look at what successful startups can tell us about venture investing and the startup landscape.

We found that the average successful US startup has raised $41 million and exited at $242.9 million. We also found that there is a strong correlation between larger exits and companies that raised more money, but no such relationship between the amount of time between founding a company and being acquired or taken public.

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