With all of the excitement over buzzworthy trends like food delivery apps, Internet of Things appliances, wearables and 3D printing, it’s tough to sort out the real trends from the hype. But if you need a reliable way of figuring out what’s really taking off in tech, your best bet is often to follow the money. Read More
Investors must see massive growth potential in photos of D.I.Y. Peeps projects, because Pinterest is now valued at $5 billion, ReadWrite reported yesterday.
Pinterest hit the $5 billion mark after successfully completing a $200 million Series F led by SV Angel, TechCrunch reported. Existing investors Bessemer Venture Partners, Fidelity, A16Z, FirstMark Capital and Valiant Capital Partners also reportedly contributed.
Russia’s leading ecommerce company, OZON Holdings, announced today that they’ve just raised $150 million.
3D printing has been talked about for years as a potentially groundbreaking technology, and it looks like investors finally got the memo. Funding for 3D printing companies in 2013 was 319 percent higher than the previous year, says a report on the CB Insights blog.
“Previously, consumers didn’t really know how to get things printed with their 3D printers,” CB Insights founder Anand Sanwal told Betabeat. “By having a growing marketplace to lead the space, the applications will be more clear and usage will have a lower barrier of entry.”
Birchbox announced this morning that it’s just closed a $60 million Series B led by Viking Global Investors, along with existing investors First Round Capital, Accel Partners, Aspect Partners, Glynn Capital, Comcast Ventures, Sam Lessin, Consigliere Brand Capital, Slow Ventures, Red Swan Ventures and TriplePoint Venture Growth BDC Corp.
Online financial planning service LearnVest has just raked in some major funds of its own.
The company announced in a press release this morning that it just closed a $28 million funding round led by Northwestern Mutual Capital. Previous LearnVest investor Accel Partners also contributed, bringing LearnVest’s total funding to over $72 million.
The Flatiron School announced this morning that it closed a $5.5 million funding round, led by Charles River Ventures (CRV) and Matrix Partners. Additional investments came from Box Group and other angel investors.
The money will allow the school — which offers intensive twelve-week courses in web and iOS development — to really focus on improving the quality of education it offers its students.
“Where most companies take capital to grow, we took it to slow down and make sure we could really get the product right,” Flatiron dean Avi Flombaum told Betabeat. “We can continue our interesting classes, and focus on quality and experience of education — and not just stamping out into other cities and homogenizing our brand.”
If the Snapchat bubble was going to explode, it doesn’t sound like that’s going to happen anytime soon. AllThingsD is reporting that it’s close to snapping up “hundreds of millions” of dollars in fresh funding that values the ephemeral photo sharing app at up to $3.6 billion.
New York Times’ sugardaddy Carlos Slim is investing $40 million into music discovery app Shazam. The company plans to use the little treat to bolster its television feature that can identify a commercial’s song and direct users to their website. [Reuters]
Facebook’s improved Graph Search rolls out to “several hundreds of millions” of people who use American English this week. [ABC News]
The overal median age of workers in the tech industry is very, very young. Eight of the 32 companies surveyed by the Bureau of Labor Statistics reported the median age was just 30 years old or younger. For example, Facebook’s median age is 28 and Google’s is 29. [New York Times]
Solar Impulse’s plane, which was powered entirely by the sun, landed successfully from its cross-country jaunt in New York over the weekend. [TechCrunch]
Aw, remember MSN TV (née WebTV)? If not, don’t worry: it’s being killed off at the end of September. [AllThingsD]
Snapchat, the ubiquitous photo-sharing app, is not seeing its bank account dissolve anytime soon. Gigaom reveals that it’s close to bringing in $100 million in new investment that would bring its valuation near a half a billion dollars. Cue your depression for not thinking of this.