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Cheval Capital Inc - Hillary Stiff, Frank Stiff
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A Monthly Digest of Our Content - October Edition
Cheval Capital: (https://goo.gl/b6mhYh)

The Sprint/T-Mobile Merger has Hit a Snag (https://goo.gl/7iVkwU)

We reported a while back about the #merger between Sprint and T-Mobile. The FCC has stepped in and hit the proverbial "pause" button on the deal. According to those close to the matter, recent submissions from the companies detailing the benefits created for the consumer caused the decision by the FCC.

Microsoft Acquires Lobe (https://goo.gl/agKPQ6)

Lobe is a #technology startup that allows users to build machine learning models with a drag-and-drop interface. And as of last week, they have a new parent company you've probably heard of, Microsoft. Lobe is brand-new to the professional AI industry having launched earlier in 2018.

AR Startup Blippar Closes $37 Million Funding Round (https://goo.gl/sYSP7P)

Blippar launched in 2011, and was able to secure a new round of #funding last week. They'll have an extra $37 million to continue their efforts to provide AR experiences for marketers, publishers and more.

Slack Posts a $7 Billion Valuation (https://goo.gl/yc6RTv)

If you've had to #collaborate with coworkers lately, there's a strong possibility you've been using the app called Slack. This allows professionals to chat online throughout the day, and share files.

Dell is Projecting Revenue Boost (https://goo.gl/d5radg)

More news from the #Dell camp today. If you've been following the roller coaster, then you probably remember the original acquisition of VMware, then speculation about them returning to the public market after going private.

The list goes on and on.

CreditKarma Acquires Approved (https://goo.gl/2rjCNY)

SaaS #busines models have changed the way that we live. Providing more convenience than ever for almost every aspect of daily life like buying and having food delivered, or applying even for a mortgage!

CreditKarma has agreed to a deal to acquire mortgage platform Approved, a mortgage platform that modernizes the mortgage approval process. The financial terms of the deal were not disclosed at the time of this post.

Comcast is Dropping Their Pursuit of Fox (https://goo.gl/dhxcg4)

We reported previously about #Comcast placing bids to acquire the TV and film assets of 21st Century Fox. According to a new report from TechCrunch, the cable giant will be halting their efforts.

Did Coinbase Ever Need SEC Approval for Acquisitions? (https://goo.gl/MLDhiR)

You've likely heard us discuss the implications of certain #acquisitions being subject to regulatory approval. The SEC (Securities and Exchange Commission) is one of those boards that need to clear a deal in some cases but whether a company actually requires SEC approval is the subject of today's post.
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Seva Lands $2.4 Million in Seed Funding (https://goo.gl/4Tw2bn)

Seva was founded based on the frustration that the founder, Sanjay Jain, felt when attempted to search across several cloud services to find the information he needed. The cloud-services company will have $2.4 million to further their vision.

The enterprise product is still in beta testing but aims to provide a more user-centric approach to the problem that other competitors haven't been able to solve yet.

Here's more from TechCrunch:

Jain says once connected to these services, Seva can then start making logical connections between information wherever it lives. A salesperson might have an appointment with a customer in his or her calendar, information about the customer in a CRM and a training video related to the customer visit. It can deliver all of this information as a package, which users can share with one another within the platform, giving it a collaborative element.

The full article is available through the link above.

Cheval Capital: (https://goo.gl/b6mhYh)

#technews #funding #cloudcomputing +Frank Stiff

This post and its links are intended as general information only and should not be construed as advice nor an offer, solicitation, or recommendation with respect to any transaction. Where advice is necessary or appropriate consult with a qualified advisor. Cheval assumes no responsibility for the content of this post or its links nor duty to update them for changes in conditions or circumstances.
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Instacart Raises More Money, Reaches $7.6B Valuation (https://goo.gl/Hyik4d)

The San Francisco company, Instacart, has a lofty goal of being able to provide online grocery shopping and delivery to Americans. currently, users are able to use their mobile app to order food from a variety of retailers.

They also recently announced a $600 million round of funding to achieve this goal - this puts their total valuation of around $7.6 billion in total. Instacart had just recently come off rounds of funding that yielded $150 million, and $200 million respectively.

TechCrunch supplied more details in a recent article:

Instacart is raking in cash aggressively but spending it cautiously. The company still has all of its Series E, which ultimately totaled $350 million, and the majority of its $413 million Series D in the bank, a source close to the company told TechCrunch. That means, in total, Instacart has $1.2 billion at its fingertips. Currently, according to the same source, the company is only profitable on a contribution margin basis, meaning it's earning a profit on each individual Instacart order.

Read more through the link above.

Cheval Capital: (https://goo.gl/b6mhYh)

#technews #funding #valuation +Frank Stiff

This post and its links are intended as general information only and should not be construed as advice nor an offer, solicitation, or recommendation with respect to any transaction. Where advice is necessary or appropriate consult with a qualified advisor. Cheval assumes no responsibility for the content of this post or its links nor duty to update them for changes in conditions or circumstances.
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Eventbrite's IPO (https://goo.gl/jiTvBL)

You might have used #Eventbrite when putting together an event invitation online, and they put out an impressive invitation to the publically traded technology markets last week. In the initial offering, the IPO opened at $23 per share, and by the end of trading they were trading at $37 per share - posting a valuation at $3 billion.

An article in TechCrunch took a deeper look at both the company, and the conditions of the technology IPO scene right now, here's a clip from their article:

Since the beginning of the year tech public offerings have been on a tear. As The Wall Street Journal noted in July, 120 companies had raised $35.2 billion on U.S. exchanges at that point -- the best showing for public markets since 2014 and the fourth busiest year since 1995, according to the financial data and analysis service Dealogic.

Read more through the link above.

Cheval Capital: (https://goo.gl/b6mhYh)

#technews #IPO #techmarket #fintech +Frank Stiff

This post and its links are intended as general information only and should not be construed as advice nor an offer, solicitation, or recommendation with respect to any transaction. Where advice is necessary or appropriate consult with a qualified advisor. Cheval assumes no responsibility for the content of this post or its links nor duty to update them for changes in conditions or circumstances.
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G2 Crowd Raises $55 Million (https://goo.gl/wWTQa9)

The #software marketplace G2 Crowd has achieved a valuation just under $500 million with the latest round of funding which yielded $55 million.

They've created a platform which allows businesses to search for and compare reviews, and pricing for software and IT services. They're referring to themselves as the "Amazon of business software".

TechCrunch ran an article describing how important this round of funding was for them:

The rise of that valuation underscores just how fragmented and competitive the market is for business software today, and how a company that provides a useful way to navigate through that has a very good shot at building a lucrative business.

More generally, a vertical search engine filling a gap in the market and that actually works remains a killer app, despite the dominance of Google in so many areas of search, and of Amazon in so many areas of online commerce.

You can read more through the link above.

Cheval Capital: (https://goo.gl/b6mhYh)

#technews #investment #fintech +Frank Stiff

This post and its links are intended as general information only and should not be construed as advice nor an offer, solicitation, or recommendation with respect to any transaction. Where advice is necessary or appropriate consult with a qualified advisor. Cheval assumes no responsibility for the content of this post or its links nor duty to update them for changes in conditions or circumstances.
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Roblox Acquires PacketZoom (https://goo.gl/JiRxzG)

Roblox, a cloud-based #gaming platform for children recently scored $150 million from a round of funding, and they're not wasting any time putting that cash to use. They've announced their first acquisition, a small startup called PacketZoom.

The sale is designed to improve Roblox's mobile application performance and expand into worldwide markets.

PacketZoom had recently raised $5 million in Series A funding last year. Here's a clip from TechCrunch about the deal:

Roblox had said earlier this year it was cash-flow positive and continues to be profitable. It raised funds in order to stock its war chest and have a buffer, while focused on its international expansion efforts. It also said it would use the funds to make acquisitions and open offices outside the U.S. in some regions, like China.

The financial terms of the deal were not disclosed at the time of this post.

Cheval Capital: (https://goo.gl/b6mhYh)

#technews #acquisition #fintech +Frank Stiff

This post and its links are intended as general information only and should not be construed as advice nor an offer, solicitation, or recommendation with respect to any transaction. Where advice is necessary or appropriate consult with a qualified advisor. Cheval assumes no responsibility for the content of this post or its links nor duty to update them for changes in conditions or circumstances.
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CableSouth Fiber Acquired by Uniti (https://goo.gl/bn6dDc)

Uniti Group closed on the purchase and #leaseback of a #fiber network called CableSouth. This is the first deal with a cable MSO and follows a similar pattern as Uniti's deal with TelePacific several weeks ago.

In total, the deal came with a price tag of $31 million for Uniti.

Here's a short clip from the article about the deal from Telecom Ramblings:

The deal with CableSouth sees 607 route miles and 43,000 fiber strand miles change hands. Some 34,000 fiber strand miles are being leased back to CableSouth via a 20 year IRU with renewal options, but 9,000 fiber strand miles will be available for Uniti's exclusive use.

You can follow the link above to read the full post.

Cheval Capital: (https://goo.gl/b6mhYh)

#technews #finance #merger #acquisition +Frank Stiff

This post and its links are intended as general information only and should not be construed as advice nor an offer, solicitation, or recommendation with respect to any transaction. Where advice is necessary or appropriate consult with a qualified advisor. Cheval assumes no responsibility for the content of this post or its links nor duty to update them for changes in conditions or circumstances.
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Pitch Raises $19M (https://goo.gl/m8kUGV)

#Powerpoint presentations are as common in the modern business environment as email in some cases. The Microsoft presentation building software has over 1 billion installs and a 95% market share.

Pitch is emerging out of stealth status to challenge Powerpoint and they've got $19 million from Series A to help make that happen. The team behind Pitch also created the popular Wanderlust platform.

TechCrunch discusses more:

If $22 million sounds like a lot of money for a product that hasn't launched, in a field that already has a very dominant player, Pitch is not your average contender. It's being built by the same founders who created Wunderlist, a popular to-do app that -- coincidentally -- Microsoft acquired to supercharge its existing list-making and to-do software. You could say that Pitch knows just what it is pitching, when it goes after a problem that already appears to be "solved."

You can read more about the announcement through the link above.

Cheval Capital: (https://goo.gl/b6mhYh)

#technews #funding #investing +Frank Stiff

This post and its links are intended as general information only and should not be construed as advice nor an offer, solicitation, or recommendation with respect to any transaction. Where advice is necessary or appropriate consult with a qualified advisor. Cheval assumes no responsibility for the content of this post or its links nor duty to update them for changes in conditions or circumstances.
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Machinify Raises $10 Million (https://goo.gl/Z2K4yt)

A currency in the #cloudcomputing and technology industry at-large is data. Machinify is a company dealing with AI, and just received an extra $10 million Series A round of funding to help improve how raw data is analyzed.

Better data sorting capabilities mean that raw data can be more effectively leveraged to make smarter decisions. Particularly in the healthcare space, as the article in TechCrunch highlights.

A good example of how companies use Machinify is in the healthcare space, where businesses are using the tool to increase the accuracy and speed with which they process claims. By doing so, these companies have been able to increase revenue and reduce costs.

Follow the link above to learn more.

Cheval Capital: (https://goo.gl/b6mhYh)

#technews #AI #funding +Frank Stiff

This post and its links are intended as general information only and should not be construed as advice nor an offer, solicitation, or recommendation with respect to any transaction. Where advice is necessary or appropriate consult with a qualified advisor. Cheval assumes no responsibility for the content of this post or its links nor duty to update them for changes in conditions or circumstances.
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ZipRecruiter Nabs $156 Million (https://goo.gl/FFG9Xy)

The cloud-based #recruiting app ZipRecruiter is one of the newest members of the unicorn club, achieving a $1 billion valuation.

The LA-based job marketplace raised $156 million during a Series B round of funding. According to their figures, ZipRecruiter accounts for about 10% of the U.S. recruitment market. TechCrunch ran an article discussing more details about the plans for the new round of cash:

"We're really focused right now on continuing to improve the quality of the matching that our system is making, and optimising the mobile experience." But in addition to that, he sees an opportunity in also helping candidates figure out why they are not matching well with the jobs they might aspire to have. "We are really good at helping you see jobs you're likely to get, but what about jobs you aspire to that may not naturally make you a match? In the not too distant future, we will be able to say if you add one more skill all these jobs will become available to you. The nature of the guidance will be very interesting."

Click on the link above for the full post.

Cheval Capital: (https://goo.gl/b6mhYh)

#technews #valuation #unicorn +Frank Stiff

This post and its links are intended as general information only and should not be construed as advice nor an offer, solicitation, or recommendation with respect to any transaction. Where advice is necessary or appropriate consult with a qualified advisor. Cheval assumes no responsibility for the content of this post or its links nor duty to update them for changes in conditions or circumstances.
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