All posts by Fitz Tepper

Rinse raises $14M in Series B funding to bring its laundry pick-up nationwide

 Rinse, the San Francisco-based dry cleaning and laundry delivery service, has closed a $14M Series B round of funding. This comes after a $6M Series A last year, meaning the startup has now raised about $23.5M in three rounds. The round is being led by Partech Ventures, with participation from existing investors including Javelin Ventures, Arena Ventures, Accelerator Ventures, and… Read More

Time Warner will spend $100M on Snapchat original shows and ads

 Time Warner and Snap Inc. have announced a new deal that will bring increased ad spending and the development of new made-for-Snapchat shows. People familiar with the deal tell TechCrunch that the deal is valued at about $100M spent over the next two years. The newly created shows will span a variety of genres, including scripted drama, daily news shows, documentaries and comedy. The shows will… Read More

The FTC is attempting to block the DraftKings-Fanduel merger

 The Federal Trade Commission just announced they will authorize legal action to block the merger of DraftKings and FanDuel, the two largest daily fantasy sports sites in the U.S. Specifically, the commission will jointly file a complaint with the Attorneys General in California and the District of Colombia seeking a preliminary injection to stop the deal. They will also issue an… Read More

Vice has raised $450M ahead of a potential IPO

 Vice Media has raised $450M in new funding from private-equity firm TPG, with a deal valuing the media company around $5.7 billion post-money. Shane Smith, co-founder and CEO of Vice was just on CNBC answering questions about the funding and Vice’s plans to eventually become a public company. While remaining cryptic, Smith did note that this raise is “what we would do if we were… Read More

Blue Apron will raise $587M in its IPO, valuing itself close to $3B

 Blue Apron, the meal ingredient delivery service that filed to go public earlier this month, has just priced its IPO. The company will price its shares between $15-$17, hoping to raise a maximum of $586,500,000. Using a $16 midpoint, this pricing gives the company a proposed valuation of just under $3 billion. The company will be listed on the NYSE under the symbol “APRN”, and… Read More

Instagram’s archive feature goes live, letting you hide photos indefinitely

 Last month we noted that Instagram was testing a new feature called “archive”, which lets users hide any of their posts from anyone else – either permanently or indefinitely. Today this will roll out to everyone on Instagram, meaning you can start hiding photos today. You can archive any photo or video on your profile by tapping the “…” three-dots button in… Read More

Tech stocks tanked for the second straight day

 It’s been a bad few days for tech stocks. The FANG stocks, a moniker used to collectively describe Facebook, Amazon, Netflix and Google (now Alphabet) have had a rough two days on Wall Street. And even though Apple isn’t included in the original FANG group (which was designed to describe a grouping of high-risk but high-reward mega-growth stocks), the company has also underperformed… Read More

Drone Racing League raises a $20M Series B ahead of its 2nd season

 Drone Racing League has closed on $20M in Series B funding, led by U.K telecommunications company Sky, Liberty Media Corporation (which owns the Formula 1 racing brand) and Lux Capital. This new funding means that the league has now raised over $32M in three rounds. Allienz (who is also the title sponsor of DRL) and World Wrestling Entertainment also joined the round as new investors in… Read More

Pandora raises $480M from SiriusXM, sells Ticketfly to Eventbrite for $200M

 SiriusXM just announced they will be investing $480M in cash into Pandora, which will give them a ~16% stake in the company on an as-converted basis. While it’s not an full acquisition like was once rumored, this will give Pandora a much needed cash injection, as well as a strategic partner experienced in the radio business that might help steer it to more growth in a very competitive… Read More