The first full week in October has seen some big events in the tech sphere. European tech showed its continuing growth with companies like Tado and Clue raising significant funding rounds, and a new Unicorn is born in cloud commerce monetization company AppDirect .
Before you leave the office for the weekend, let us quickly recap the week’s events. We picked out the need-to-knows from the stories that made the top of Index’s algorithms for you.
This week in numbers
Index recorded 141 funding events and 34 acquisitions this week. The median amount raised by startups was $3 million, a 6 percent decrease compared to last week. The largest investment round was raked in by Chinese real-estate platform Fangdd , which received $330 million in a series C round, spurred on by the adjustment of home-ownership restrictions in China.
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Four breakout funding rounds
TSheets.com , a company that provides timesheet tracking software, raised a $15 million Series A round from Summit Partners.
Graphic design service Canva pulled in an impressive $15 million Series A round, with backers including Woody Harrelson and Owen Wilson. The Australian startup’s total funding is now just over $27.9 million.
Data security company Code42 collected a massive $85 million Series B round led by JMI Equity and New Enterprise Associates, Inc.
InvestCloud , an investment management platform, took in a $45 million Series B round led by FTV Capital. The company’s total funding to date is just over $54 million.
Headline highlights
- Facebook is testing emoji reactions – this is the ‘dislike button’ [The Next Web]
- Amazon launches Etsy rival ‘Handmade At Amazon’ [HuffPost Tech]
- Google wants to speed up the mobile web with AMP [The Next Web]
- Twitter makes it official: Jack Dorsey is back as permanent CEO [Re/code]
- Everything Microsoft announced at its devices event in one handy list [The Next Web]
- Pandora acquires Ticketfly for $450M to sell concert tickets [Tech Crunch]
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