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Virtual social network IMVU raises $35M from China’s NetEase and others

TechCrunch

The line between social networking and gaming is increasingly blurring , and internet incumbents are taking notice. NetEase, the second-largest gaming company in China (behind Tencent), is among a group of investors who just backed IMVU, an avatar-focused social network operating out of California.

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DriveNets connects with $262M as demand booms for its cloud-based alternative to network routers

TechCrunch

billion networked devices projected to be in use by 2023 and the growth rate currently at around 10%. If these sums sound very large, it’s because outsized funding is the order of the day for large enterprise startups taking on networking infrastructure leviathans like Cisco, Juniper and Huawei. (It

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Canada’s Neo Financial closes on $145M Series C, surpasses 1 million customers

TechCrunch

50B) due to the network effects it has created with its unique merchant loyalty program.”. Chau, Adamson and Simair all also co-founded SkipTheDishes, which Chau says has gone on to become the “largest food delivery network in Canada,” with 3,000 employees; it was acquired by Just Eat for approximately $86 million.

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Lowercarbon Capital and Gradient Ventures Invest $9M in Quilt for Advanced Residential Heat Pump System

American Entrepreneurship

However, most heat pump systems today are more difficult to use than their more mature fossil incumbents. In addition to hardware and software development, the team is also solving traditional installation challenges at a time when government incentives have accelerated interest in the systems.

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Make no bones about it, Fuzzy expands reach into pet care market with capital infusion

TechCrunch

Today, Fuzzy announced $44 million in growth funding to expand its digital pet care network of veterinary professionals to alleviate some of the strain on the industry and make care accessible and affordable to all. The San Francisco-based company previously raised $18 million in a Series B round in March. Fuzzy live chat via its app.

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Why TransUnion led blockchain fintech Spring Labs’ $30M Series B

TechCrunch

T he startup uses blockchain with the aim of creating a richer network effect of data that allows credit bureaus and others to predict the creditworthiness of people who are not in the traditional credit bureau system. We knew a relationship with TransUnion in particular had the capacity to significantly accelerate our business,” he said.

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Both Things Can Be True: Bias and Bad Fundraising Advice

This is going to be BIG.

One, it usually implies that you’re going to start going cash flow negative to accelerate growth. If I was to guess, the demographics of people pitching me are reflective of two things—what my own network looks like and what my portfolio looks like. First is network bias. What are the characteristics of this product?

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