Tech roundup: Bread raises $14.5M, Match Group sets IPO terms and more

by Fergal Gallagher
November 12, 2015

Bread rakes in the dough

New York-based alternative lending startup Bread raised $14.5 million in a Series B round led by Bessemer Venture Partners. Bread finances online shoppers, with a button that allows them to pay for goods in installments. Bread pays the full amount up front and then charges interest to the end users. [WSJ Venture Beat]

 

Europe's largest accelerator launches fintech program in NYC

Startupbootcamp, Europe’s largest accelerator program announced it is coming to New York. Startupbootcamp fintech New York will accept 10 companies into a 3 month program starting in March 2016. It’s the third fintech accelerator in the city. [Built In NYC]

 

Schoology snagged $32M to move into colleges

Schoology raised a $32 million Series D round, led by growth equity firm, JMI Equity. The New York company runs an education platform designed to make learning more personalized. The funds will be used to expand from schools to college campuses. [Built In NYC]

 

$11.5 M for animal publication The Dodo

The Dodo, a publication that writes about animals and animal rights, raised $11.5 million. The series B round was led by Discovery ventures. Run by Lizzie Lerer, sister of Thrillist’s Ben, the sites quirky content has garnered a large audience. Arianna Huffington has also come on board as an advisor. [Business Insider]

 

FanDuel and Draftkings shut down in New York

New York Attorney General ordered daily fantasy sites Draft Kings and the homegrown FanDuel to stop taking entries from New York customers. The AG says the sites no longer constitute games of skill but are contests of chance and therefore classed as illegal gambling. [Built In NYC]

 

CB Insights switched funding model

After seven years in business CB Insights announced its first institutional funding round. It will use the $10 million raised in Series A for R&D and to expand the team. The data company was previously funded by revenue and grants. [Built In NYC]

 

Match Group set IPO terms

The online dating group that includes Tinder and Match.com announced that it intends to raise $467 million at an IPO sometime before Thanksgiving. If successful it would value Match Group at $3.1 billion. [Built In NYC]

 

The NYC Tech Takeback

Dell, Uber and Goodwill stores announced a recycling drive for this Saturday. Dell runs a scheme where they will recycle any brand technology brought to a Goodwill store. For NYC Tech Takeback Uber drivers will pick up unwanted technology and bring it to the nearest store. [Built In NYC]

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