Fundings & Exits – TechCrunch 27 February 2018

Industrious picks up $80M to outclass WeWork for the enterprise

 Industrious, the WeWork competitor that launched in 2013, is today announcing the close of an $80 million Series C funding round. The financing was co-led by Riverwood Capital and Fifth Wall Ventures. Industrious thinks of itself as a more premium version of WeWork, offering coworking space and workplace services to some 35 locations across 25 cities nationwide. “Industrious is high… Read More

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More details of Blossom Capital emerge, a new fund co-founded by ex-Index VC Ophelia Brown

 It was well-known that ex-Index VC Ophelia Brown was ‘doing a fund of her own’ after she departed Robin and Saul Klein’s LocalGlobe in April, the London-based seed investment firm where she was a General Partner. However, it wasn’t until last month that Blossom Capital, as Brown’s new firm is called, broke cover. As reported by Business Insider, Brown has teamed… Read More

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Alibaba moves to gobble up China-based food delivery startup Ele.me in full

 Alibaba’s 2018 investment spree looks set to continue after it made a push to buy Ele.me, the food delivery startup from China that it has invested in, in full. Bloomberg reported yesterday that Alibaba plans to purchase the roughly-60 percent of Ele.me that it currently doesn’t own from the other investors, which include search giant Baidu. TechCrunch has confirmed that with… Read More

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