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Online real estate startup ToLet acquires Jumia House Nigeria to create PropertyPro.Ng

Lagos based property startup ToLet.com.ng has purchased Jumia House Nigeria for an undisclosed amount. Jumia House is a subsidiary of the continent’s lone tech unicorn — Pan-African e-commerce giant Jumia.com. ToLet and Jumia House Nigeria will merge platforms under the new name of PropertyPro.ng. The acquisition was a result of ToLet’s strength in market and… Read More »

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Elastic Acquires SaaS Startup Swiftype

Elastic, the company behind Elasticsearch, and the Elastic Stack, announced that it has acquired Swiftype, a San Francisco-based startup founded in 2012 and backed by Y Combinator and New Enterprise Associates (NEA). Swiftype is the creator of the popular SaaS-based Site Search and the recently introduced Enterprise Search products. Swiftype is an early adopter of… Read More »

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Apple acquires imaging sensor startup InVisage Technologies

Apple has acquired startup InVisage Technologies, the developer of image sensor technology that could improve the quality of iPhone camera images. InVisage’s key product is called QuantumFilm, which, according to TechCrunch, combines software technology and material science to create smaller imaging technology that is better at taking high quality pictures in a variety of non-optimal… Read More »

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Roku Acquires Danish Multi-Room Audio Startup for $3.5 Million

According to Variety, streaming device maker Roku acquired Denmark-based multi-room audio startup Dynastrom ApS in September for $3.5 million. The two co-founders of the startup received an additional 108,332 Roku shares as part of the acquisition agreement. Roku didn’t immediately respond to a request for comment Thursday. The acquisition was disclosed in a regulatory filing the… Read More »

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Chinese-Backed Electric Car Startup NIO Raises $1 Billion

Chinese-backed electric vehicle startup NIO has raised more than $1 billion in its latest fundraising round,  breaking away from a crowded field of young Chinese-funded car firms who’ve notably struggled to raise money for their own ambitious endeavors. A spokesperson for NIO declined to comment. Citing two unnamed people familiar with the matter, Reuters reported… Read More »

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Australian Government to track social media chat through Brolly

A start-up that claims to have developed world-first technology to capture social media correspondence across platforms has locked in government deals, including with the Department of Immigration and Border Control. The application, called Brolly, promises to let government agencies and organisations record all interactions on social media between it and the public, even if a… Read More »

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