Prosus To Double Down On Urban Company Via Secondary Deal Prosus to Double Down on Urban Company Investment: Prosus Ventures is reportedly planning to invest $30 Mn in hyperlocal services startup Urban Company through a secondary deal, ahead of its anticipated IPO next year. Partial Exit for Bessemer Venture Partners: The investment will give Bessemer Venture Partners a partial exit, with the secondary transaction taking place at a $2.6 Bn valuation. Accel & Elevation Capital Hold Off on Stake Sales: While Accel and Elevation Capital considered selling larger stakes, they have decided to wait until Urban Company's IPO for any further transactions. Urban Company’s Financial Performance: Urban Company posted a loss before tax of INR 93 Cr for FY24, a 70% decrease from the previous year, while its net revenue increased 30% YoY to INR 827 Cr. Previous Funding and Exits: Urban Company previously raised $50 Mn in July through a secondary deal, allowing early investors like Titan Capital to exit with INR 111 Cr. Read More: https://lnkd.in/gAx2xbi7
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PROPTECH-X : Vonovia & Founders Factory to power proptech startups in housing vertical: Andrew Stanton’s daily PROPTECH-X 'Proptech & Property News' in association with Estate Agent Networking and News Now. #realestate #Proptech #digitaltransformation #Property #startups
PROPTECH-X : Vonovia & Founders Factory to power proptech startups in housing vertical - PROPTECH-X Proptech & Property News
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PROPTECH-X : Vonovia & Founders Factory to power proptech startups in housing vertical: Andrew Stanton’s daily PROPTECH-X 'Proptech & Property News' in association with Estate Agent Networking and News Now. #realestate #startups #Property #Proptech #digitaltransformation
PROPTECH-X : Vonovia & Founders Factory to power proptech startups in housing vertical - PROPTECH-X Proptech & Property News
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When cash is running low, and an acquisition looks like the most promising strategy, If an acquisition can make investors whole, generate some return for founders, and provide employees with good jobs going forward, it’s commonly considered worth pursuing. It’s likely few are home-run exits. #startups
Startups Are Still Buying Fewer Startups
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Proud of the grit, perseverance & commitment to developing & improving Nebraska’s ecosystem of support & resources available for start-ups! 👏🏻👏🏻👏🏻 While Nebraskans aren’t as confident that everyone enjoys their state, they should be confident in the growth of their startup ecosystems. #18 Omaha and #20 Lincoln both jumped 2 positions, with Omaha increasing their score from 21.2 to 22.0 and Lincoln going from 20.6 to 21.4. Both were helped by huge increases to their Startup Momentum with Omaha +13 spots and Lincoln +14 spots. This state of less than 2M citizens has recently produced such giants as Hudl, Spreetail and Buildertrend — pushing Lincoln’s “Big Outcomes” score higher than most other college towns and on par with larger cities like Cincinnati and Cleveland. Both generally boast a higher-than-typical educated workforce, great startup density and Omaha has an unrivaled score for “Big Companies’’ compared to any city of its size. There are a lot of compelling ingredients here, and even a literal “Flywheel” taking shape with the founders and early team/leadership of Flywheel (acquired by WPEngine) starting companies Workshop and Alpaca, among others.
The moment you've all been waiting for! 🥁🥁🥁 Our #BestofMidwest2024 Startup City Rankings are here, and they’re packed with insights into how cities across the region are stacking up in the world of startups. Despite a challenging year for venture funding, the Midwest continues to shine with capital-efficient growth and industries that keep our economy moving. 🏗️ From Chicago’s unicorn success to Madison's rise in startup momentum, and Nebraska’s unexpected gains, the Midwest is proving it’s a force to be reckoned with. Dive into the full rankings to see how your city fared, and discover which cities are leading the charge in innovation, investment and growth. Check out the full rankings here: 🚀 https://lnkd.in/gYDACJk Find valuable insights from M25's Managing Partner, Victor Gutwein, on the blog: 🦄 https://lnkd.in/dDANGzX9
2024 Best of the Midwest: Startup City Rankings
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The moment you've all been waiting for! 🥁🥁🥁 Our #BestofMidwest2024 Startup City Rankings are here, and they’re packed with insights into how cities across the region are stacking up in the world of startups. Despite a challenging year for venture funding, the Midwest continues to shine with capital-efficient growth and industries that keep our economy moving. 🏗️ From Chicago’s unicorn success to Madison's rise in startup momentum, and Nebraska’s unexpected gains, the Midwest is proving it’s a force to be reckoned with. Dive into the full rankings to see how your city fared, and discover which cities are leading the charge in innovation, investment and growth. Check out the full rankings here: 🚀 https://lnkd.in/gYDACJk Find valuable insights from M25's Managing Partner, Victor Gutwein, on the blog: 🦄 https://lnkd.in/dDANGzX9
2024 Best of the Midwest: Startup City Rankings
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This article uses Crunchbase data to identify startups that raised large sums in the past few years and have since sold to another private company in the same or similar industry. With that in mind, here are some of the industries and companies that made the list in this article. https://lnkd.in/g5N9VrAi #crunchbase #falling #spaces #funding #sectors #startups #merging #crunchbase #data
Startups Merge In Spaces Where Funding Has Fallen
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"In fact, startups buying other startups is on pace to make up the largest slice of the M&A pie in years when it comes to overall VC-backed, U.S.-based startup dealmaking. This is a noteworthy development in the current environment where venture capitalists and their limited partners are thirsting for liquidity amid a frozen IPO pipeline and quiet M&A market. Through the first two-thirds of the year, 252 deals were consummated involving startups buying other startups in the states, per Crunchbase data. That number represents 39% of all M&A deals for U.S.-based startups — the highest percentage in at least a decade." The article generally views this as a positive development, mostly due to a focus on the largest deals. I'm not sold. I would like to see more detail on the size/stage of acquirers and targets, because intuitively I think this is largely a negative development. ➡️ Is this mostly acquihire activity? ➡️ Percentage of stock v cash deals (stock for stock with two private companies is not delivering that missing DPI). ➡️ What is the typical stage/size of acquirers and targets? ➡️ What percentage of these deals are "wins" for target investors, rather than "stick saves"? ➡️ Are these deals in any way shortening the projected time to exit for shareholders of target or acquirer?
Startup Buying Power — VC-Backed Companies Are Hunting For More Startups
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In sectors where investment has shriveled — from real estate to e-commerce — we’re seeing heavily funded startups merging with former rivals and others in a bid to either stay competitive or to simply stay afloat. #vc #startups https://lnkd.in/gPR8Eb8X
Startups Merge In Spaces Where Funding Has Fallen
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PROPTECH-X : Stanton’s Autumn Proptech Overview: Property Technology in the UK: Trends, Growth, and Challenges Proptech, (Property Technology), having exploded in the UK in 2017 with 60% of new startups in the sector clambering to be the next big thing – is seven years on now maturing. All the hype about revolutionizing the real estate industry in the UK, and driving […] #realestate #Property #startups #digitaltransformation #Proptech
PROPTECH-X : Stanton’s Autumn Proptech Overview - PROPTECH-X Proptech & Property News
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London-based Resurge Growth Partners launches €120 million “Venture Equity” vehicle to back tech scale-ups: Resurge Growth Partners announced the launch of a new “venture equity” vehicle designed to bridge the critical gap between venture capital and private equity for high-potential European and Israeli scaleups. Resurge will invest over €120 million via the vehicle over the next three years, with nearly half of the capital already committed from the founding […] The post London-based Resurge Growth Partners launches €120 million “Venture Equity” vehicle to back tech scale-ups appeared first on EU-Startups. #startupnews #startups
London-based Resurge Growth Partners launches €120 million “Venture Equity” vehicle to back tech scale-ups | EU-Startups
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