Lululemon, the Vancouver-based athleisure company, has agreed to acquire NYC-based Mirror, the connect fitness system for $500M in an all-cash transaction.
Exits
Playbook Raises $3M to Help Fitness Instructors Monetize through Remote Workouts
Playbook is a mobile marketplace enabling top fitness instructors to turn their iPhone content into a subscription income. Instructors can create content (workouts, programs, challenges, nutrition, etc) on their terms. Consumers get access to a world of instructors for a single cost. CEO Jeff Krahel shares more about empowering fitness instructors to build their businesses without depending on studios.
SiriusXM Acquires Simplecast to Bolster Podcasting Advertising
Simplecast, the podcast management and analytics platform, has been acquired by SiriusXM, the satellite radio provider and parent company to Pandora. The terms of the transactions were not disclosed. SiriusXM plans to combine Simplecast with AdsWizz, the podcasting monetization platform that Pandora acquired in 2018.
Zoom Acquires Keybase to Beef up Security on its Platform
Zoom has been under increased scrutiny for privacy vulnerabilities on the platform as the pandemic has forced an accelerated digital transformation with companies scrambling to integrate remote work solutions. One step in addressing these concerns is the company’s recent acquisition of Keybase, an NYC security startup launched by the cofounders of OkCupid and SparkNotes.
AdvisorEngine Acquired by Franklin Templeton
AdvisorEngine, the digital wealth management platform for financial advisors, has been acquired by Franklin Templeton, the global investment management firm founded in New York in 1947. The terms of the transaction were not disclosed.
GIPHY Investors Would Have Been Far Better of Investing in Facebook
On May 15th, 2020 Facebook announced the acquisition of Giphy for $400 million. That sounds like a BIG win for the Giphy investors. Even if it wasn’t a unicorn home run, it most definitely must be considered at least a triple? Let’s take a look at the numbers: According to Crunchbase, GIPHY raised $151 million over […]
Facebook Has Acquired GIPHY for $400M to Bring More GIFs to Instagram
Another day, and another NYC Tech exit. The third acquisition this week. Facebook nabs GIPHY in a $400M transaction.
Kustomer Acquires Reply.ai to Bring Intelligent Chatbot Capabilities to its Customer Service Platform
Another day and another acquisition in NYC Tech. This time, Kustomer, the enterprise-level customer service platform, has agreed to acquire Reply.ai to shore up its automated chat capabilities in the platform. Reply.ai was founded in 2016 and raised a total of $3.7M in funding.
iCapital Network Acquires Artivest as Consolidation Continues in Alternative Investments Tech
iCapital Network, the platform to connect advisors to alternative investment managers, has agreed to acquire Artivest, the platform that connects investors to alternative investment opportunities.
Even Financial Acquires LeapLife to Expand into Insurance
Even Financial, the financial services search API that enables programmatic and native customer acquisition, has acquired SF-based LeapLife, the insurtech platform and digital life insurance agency. The terms of the transaction were not disclosed. “Even’s goal to evolve how financial institutions find and connect with consumers is not limited to loans or credit cards, but […]
Meetup Divested by WeWork For a Fraction of What it Paid
The Wework fire sale continues…