Startups

Adecco Group acquires recruiting startup Vettery for $100M

The Adecco Group, a global HR services firm headquartered in Switzerland, announced today that it has acquired Vettery. The financial terms were not disclosed, but a source with knowledge of the deal told us that the price was a little over $100 million. (It’s not clear how much of that is cash versus stock.) We’ve reached out to the Adecco…

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Tenor hits 12B searches in its GIF keyboard every month

David McIntosh’s startup Tenor builds a GIF keyboard — but he actually hopes you’ll spend as little time searching on it as possible. Instead, Tenor’s aim has been to collapse the amount of time it takes for you to find a GIF you like and send it to a friend. Instead of trying to get people to come to the…

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Edtech company Kidaptive raises $19.1 million for its adaptive learning platform

Edtech startup Kidaptive, an adaptive-learning company that begin its life with a suite of curriculum-focused iPad games for kids, announced today it has closed on $19.1 million in Series C funding, in a round led by Formation 8 and Korean education company Woongjin ThinkBig. The investment follows a deal with Woongjin that will see Kidaptive powering an English language learning system…

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Hypergiant helps big brands look beyond the AI buzzwords

Artificial intelligence and machine learning are phrases that get tossed around a lot these days, to the point where they’re starting to seem meaningless. In fact, Ben Lamm said he’s seen the problem firsthand at his chatbot startup Conversable. “We kind of noticed this huge gap,” Lamm said. “Everybody has an emotional reaction to AI, everybody wants AI, nobody seems…

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xMatters snares $40 million Series D led by Goldman Sachs Private Capital Investing

When a crisis happens and your system is down, it’s easy for panic and chaos to ensue. Large companies use a range of tools to monitor system health, and finding the source of the problem and ensuring the proper personnel are involved is not always easy. That’s where xMatters comes in. It acts as an uber monitoring tool allowing you…

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Tandem launches a credit card that offers cashback and no fees when spending abroad

Tandem, the U.K. challenger bank that recently acquired the banking arm of the famous Harrods department store partly in order to get its banking license back on track, has launched its first banking product: a credit card that offers cashback on every purchase and no exchange fees when spending abroad. The new card is designed to work with Tandem’s Personal…

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Homie raises $4M to help London’s ‘Generation Rent’ find their next property

So bad is London’s housing crisis, which sees house prices make homeownership a pipe dream for many, a 2015 report by PWC reckons that by 2025 more than half of under 40 year olds will be living into rental properties. The answer, of course, is to build more affordable and/or social housing, but that hot political potato is continually kicked…

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NBA all-star Baron Davis wants to prep athletes and entertainers for the startup game

Last Saturday afternoon in his penthouse suite at the London West Hollywood, two-time NBA all-star Baron Davis was providing assists in a different kind of court. In front of a gathering of entrepreneurs, athletes, artists, designers, musicians and members of the Los Angeles investment community and business elite, Davis was putting on a show designed to encourage, educate and inspire…

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Elon Musk’s Boring Company gets preliminary permit for NYC-DC Hyperloop

A 29-minute trip from D.C. to New York may seem too good to be true. And it very well may be. But that isn’t stopping Elon Musk from pushing forward with plans to build a Hyperloop along the eastern corridor. And while it’s a very small, very vague step forward, Musk’s Boring Company has received a permit for preparation and…

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Life sciences startup Avro aims to deliver drugs to children and the elderly through skin patches

Avro, a life sciences startup in Y Combinator’s current batch, is banking on a method to deliver medications to populations unable to swallow or chew — It will administer them through the skin. Starting with allergy medications, the startup is developing skin patches that release drugs commonly used in seasonal allergies for children. The patches act much like nicotine patches,…

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