CryptoKitties raises $12M from Andreessen Horowitz and Union Square Ventures

CryptoKitties, the virtual collectible kitten game that turned into a viral sensation has raised $12M in funding and will be spun out from Axiom Zen, the Vancouver and San Francisco-based design studio that originally built the game. The round is being led by Andreessen Horowitz and Union Square Ventures, both of which have quickly developed a […]

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Even the Most Interesting Man in the World couldn’t make Luma work as standalone company

 Luma, a three-year-old, Atlanta, Ga.-based maker of smart WiFi routers, has been acquired by First Alert, a maker of smoke and carbon monoxide detectors that is itself a subsidiary of Newell Brands, a public company whose other holdings include Rubbermaid. Terms of the deal aren’t being disclosed, but Luma had attracted $22 million from investors, including Relay Ventures, Accel… Read More

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Bio-programming toolkit maker Asimov launches with $4.5M from Andreessen Horowitz

 Biotech is one of today’s many hot tech frontiers, but one thing holding it back is that it’s significantly less amenable to traditional computing techniques than other areas. A new startup is working on bridging the gap between the digital and the biological by creating a set of computer-aided biology design tools. It’s a prescient enough idea that it has attracted $4.5… Read More

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Andreessen Horowitz has a new, $450 million bio fund

 Almost exactly two years ago, the venture firm Andreessen Horowitz took the wraps off a $200 million “biofund” that aimed to invest at the intersection of biology and engineering and was being led by its (then) new general partner, Vijay Pande. Pande argued at the time that it was finally possible to invest in software-enabled biotech ideas — without having to wait eons for… Read More

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AltSchool wants to change how kids learn, but fears that it’s failing students are surfacing

 It’s not just parents who have growing concerns about AltSchool, however. Educators also question whether AltSchool is the next best thing in education, or whether instead the for-profit company could hamper the prospects of the children with which it works, and those it might impact down the road. Seemingly, exasperation with AltSchool has been building over the last year. It was then… Read More

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Health IQ raises $34.6 million for life insurance for healthy people

 People who work out and eat healthily shouldn’t have to pay as much for life insurance.
That’s the concept behind Health IQ, a startup that’s been making headways in the “insureTech” category.
Venture capitalists have been betting that insurance is ready for change and Health IQ has convinced investors to put another $34.6 million in the startup for its Series C. Read More

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Meal kit startup Gobble has raised $15 million in Series B financing from Khosla

Gobble Gobble, a 15-minute meal kit delivery service, has raised $15 million in Series B growth financing from Khosla Ventures, TechCrunch has confirmed. Khosla Ventures led the round, along with participation from previous investors A16z, Trinity Ventures and Initialized Capital. Read More

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Online lender Earnest sells to Navient, in a disappointing deal for investors

 Earnest, a well-funded fintech startup with bold ambitions to create a modern financial institution, is selling to the student-loan company Navient for $155 million in cash. The WSJ was first to report the news. The exit isn’t so great for Earnest’s investors. They’d plugged roughly $320 million in cash and debt into the company, which was initially centered around… Read More

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