The Wework fire sale continues…
Exits
Letgo Acquired by OfferUp to Consolidate Local Online Marketplaces
Letgo, the local online marketplace, has been acquired by OfferUp. The terms of the transaction were not disclosed but Letgo’s majority investor, OLX Group, will own 40% of the combined entity. “Letgo and OfferUp have always shared the same core vision for how large America’s secondhand economy can become – harnessing tech innovation to bring […]
Teachable Acquired by Hotmart as the Online Class Market Consolidates
Teachable, the edtech platform that allows anyone to affordably create and sell online courses, has been acquired by Hotmart, a global platform for online courses. Terms of the transactions were not disclosed but sources close to the transaction have indicated that the transaction amount was approximately $250M. Founded in 2016 by Ankur Nagpal and Conrad Wadowski, […]
Monaeo Acquired by Topia to Bring Travel Compliance to its Talent Mobility Platform
Monaeo, a SaaS platform that manages business travel compliance from a tax and payroll perspective, has been acquired by SF-based Topia. The terms of the transaction were not disclosed. “Topia’s track record of innovation, deep understanding of the enterprise mobility market, and a world-class management team made this an ideal opportunity for us to take […]
Fatherly Acquired by Some Spider Studios to be the Largest Online Destination for Parenting
Fatherly, the online media company focused on parenting advice and resources for dads, has been acquired by Some Spider Studios, the media group operating a number of online parenting properties. The terms of the transactions were not disclosed but this an all-stock transaction. Founded in 2014 by Michael Rothman and Simon Isaacs, Fatherly had raised […]
fuboTV Acquired by FaceBank Group
fuboTV, the live-TV streaming platform, has agreed to be acquired by publicly-traded FaceBank Group, the character-based virtual entertainment company. Terms of the transactions were not disclosed but fuboTV will become a wholly-owned subsidiary of FaceBank Group after the transaction closes. “The business combination of FaceBank Group and fuboTV accelerates our ability to build a category-defining […]
Audm Acquired by the New York Times to Turn Articles into Digital Audio
Audm, the subscription app that turns long-form content into digital audio that is narrated by professional voice actors, has been acquired by The New York Times Company. The terms of the transactions were not disclosed. Founded in 2016 by Christian Brink and Ryan Wegner, Audm had only raised a mere $120K in reported equity funding as […]
22 NYC Startup Acquisitions From 2019 You Need to Know About
There were 405 acquisitions of New York companies in 2019, down from the 409 in 2018. Today, I shine a spotlight on 22 of these notable transactions involving NYC startups that were acquired during 2019. I have included the acquiree, the acquirer, transaction amount (when available), time from founding to exit (the average for this group was 6.14 years), as well as investors and total funding raised by the target.
Billie Acquired by P&G to Better Serve Women’s Grooming Needs
Billie, the subscription women’s shaving and grooming company, has agreed to be acquired by Procter and Gamble (P&G). The terms of the transaction were not disclosed. “We’re thrilled by the prospect of joining P&G to bring high-quality products at affordable prices to women around the world. Their ability to create global household brands that have […]
Teckst acquired by LiveVox to Expand Enterprise Messaging Capabilities
Teckst, the enterprise omnichannel real-time messaging platform, has been acquired by SF-based LiveVox. Terms of the transaction were not disclosed. “LiveVox’s focus on making omnichannel engagement easy for businesses aligns with Teckst’s mission to simplify contextual human-to-human messaging between brands and their customers. Joining Teckst’s mobile messaging functionality with LiveVox’s holistic omnichannel ecosystem will provide […]
CoverWallet Acquired by Aon
CoverWallet, the digital insurance platform for small and medium-sized businesses, has been acquired by Aon, the global professional services firm providing a broad range of risk, retirement and health solutions. Terms of the transaction were not disclosed and the deal is expected to complete in early 2020. “We started CoverWallet to reinvent commercial insurance. By […]