Media startup Axios raises another $20 million

 There’s a glimpse of hope in new media as Axios just raised $20 million less than a year after its launch, the Wall Street Journal reported. The company already had a pretty big list of investors, and most of the startup’s existing investors are putting more money into Axios. Existing investors Greycroft Partners and Lerer Hippeau Ventures are co-leading today’s… Read More

Stitch Fix gets a pop in its public trading debut

 Stitch Fix revised where it would price its IPO lower last night ahead of trading, and it looks like it helped approach the right sweet spot as a result when it made its debut today. The company saw around a 15% pop in its stock when it began trading this morning — the benchmark companies tend to look to hit when they go public is around 20% — and fell around the lower bounds of… Read More

Spotify acquires online music studio Soundtrap

 Spotify has acquired online music studio startup Soundtrap, the company announced via a blog post this morning. The three year-old company is the maker of a cloud-based, collaborative music and podcast recording studio which includes its own collection of loops, as well as the ability to connect your instruments.
The move signals Spotify’s intentions to not just be a distributor of… Read More

Spotify acquires online music studio Soundtrap

 Spotify has acquired online music studio startup Soundtrap, the company announced via a blog post this morning. The three year-old company is the maker of a cloud-based, collaborative music and podcast recording studio which includes its own collection of loops, as well as the ability to connect your instruments.
The move signals Spotify’s intentions to not just be a distributor of… Read More

Stitch Fix set to raise $120M from downsized IPO

 There’s been plenty of appetite for Stitch Fix’s upcoming NASDAQ listing, but concern around disappointing listings from Snap and Blue Apron may explain why the fashion e-commerce company has opted to slim down its IPO tomorrow. Stitch Fix stands to raise $120 million after it announced a lower than expected $15 share price and a reduced number of shares on offer. That price comes… Read More

Airbnb acquires ad tech startup AdBasis

 It looks like accessibility isn’t the only thing that Airbnb wants to upgrade on its platform. On the same day that Airbnb announced that it acquired Accomable, an “Airbnb for disabled travellers”, it has emerged that it’s also made another small acquisition. Airbnb has acquired adtech startup AdBasis, which had built a platform and dashboard for ad testing and… Read More

Airbnb acquires ad tech startup AdBasis

 It looks like accessibility isn’t the only thing that Airbnb wants to upgrade on its platform. On the same day that Airbnb announced that it acquired Accomable, an “Airbnb for disabled travellers”, it has emerged that it’s also made another small acquisition. Airbnb has acquired adtech startup AdBasis, which had built a platform and dashboard for ad testing and… Read More

Tencent reportedly invests $150M in cinema ticketing startup Maoyan

 Tencent announced another impressive quarter of financials yesterday, but the Chinese internet giant — which is creeping towards a $500 billion market cap — made other financial moves this week. Reuters reported that the firm invested $150 million Chinese cinema ticketing startup Maoyan, which was created from a merger between dominant players Maoyan and Tencent-backed Weiying… Read More