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Blockchain Startup Dragonchain Completes $13.7 Million ICO

Dragonchain, the blockchain startup that began as a Disney prototype, has raised approximately $13.7 million in an initial coin offering (ICO). According to the Dragonchain site, roughly 30,521 ether and 622.47 bitcoin were contributed during the two-stage token sale, which began with a pre-sale in August and ended with the conclusion of a public sale… Read More »

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The Only Two Ways to Lead Startup App Development

MVP 90% of startups fail. They can fail at any point along the way to their grand product launch and even after – especially after – when a product just didn’t catch on the way the creators intended. If there is fear in your heart about your app launch, the “lean startup” method is the… Read More »

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Self-Driving Car Startup Optimus Ride Raises $18 Million

A self-driving auto technology company named Optimus Ride has secured a fresh $18 million in funding from a group of venture capitalists led by Greycroft Partners to immediately grow its vehicle fleet and make strategic hires. The startup, a spin-off from the Massachusetts Institute of Technology is designing a vehicle with Level 4 autonomous technology… Read More »

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Freshboxx Venture raises angel funding

Hubli-based fresh produce supply chain management startup Freshboxx Ventures has raised an undisclosed amount in an angel round led by Ashok Iron Works joint managing director Jayant Humbarwadi. Existing investor Ravi Linganuri, an entrepreneur-cum-angel investor, also participated in the round. Owned and operated by Freshboxx Services Pvt. Ltd, the startup was launched in December 2015… Read More »

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Airbnb Rival Xiaozhu Raises $120 Million

Chinese house-sharing platform Xiaozhu.com has raised $120 million in a funding round led by Jack Ma’s Yunfeng Capital, boosting the firm’s financial muscle as it looks to compete with local rival Tujia.com and U.S. giant Airbnb. The country’s largest short-term rental firm platform said in a statement on Wednesday that the fundraising meant it was… Read More »

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TransferWise announces $280M

TransferWise, the international money transfer company and one of Europe’s better-known unicorns, has announced $280 million in new investment today. The Series E round is led by asset management firm Old Mutual Global Investors, and Silicon Valley VC firm IVP, and I understand also includes some secondary share dealings, meaning that not all of the… Read More »

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China, Russia Put Millions in This Startup to Recognize Your Face

Megvii Inc., a Chinese developer of facial-recognition technology, has raised about $460 million from investors including billionaire Jack Ma’s Ant Financial and one of China’s largest state-backed venture funds, according to a person familiar with the matter. The Beijing-based company, also known as Face++, has attracted several other investors including the Russia-China Investment Fund, a… Read More »

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NNYU Tandon Future Labs and Indian Institute of Technology, Kanpur Join Forces

Two universities internationally known for driving early-stage business activity have agreed to jointly support tech startups and entrepreneurial activity among tenant companies in their respective startup centers. The international collaboration links the New York University Tandon School of Engineering Future Labs – New York City’s premier academic entrepreneurial hub – to the Indian Institute of… Read More »

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