EconomyWeb | Global Economic Outlook
Echo, the medication management app, has been acquired by LloydsPharmacy-owner McKesson
June 19, 2019
Echo, the U.K. startup that offers an app to help you manage your medication and order repeat prescriptions for delivery, has been acquired by healthcare company McKesson, owner of LloydsPharmacy. Terms of the deal remain undisclosed. However, I understand the buyout sees all of Echo’s existing investors exit, with McKesson becoming the majority shareholder and […]
Indonesia’s EV Hive raises $13.5M and expands into co-living and new retail
June 19, 2019
WeWork’s battle to win co-working in Indonesia, the world’s fourth most populous country, is intensifying after one of the U.S. firm’s key rival announced a slew of announcements to double down on its business. EV Hive, an Indonesia-based co-working startup, said today that it has raised $13.5 million and expanded into new verticals. The company […]
Postman raises $50 million to grow its API development platform
June 19, 2019
Postman, a five-year-old startup that is attempting to simply development, tests, and management of APIs through its platform, has raised $50 million in a new round to scale its business. The Series B for the startup, that began its journey in India, was led by Charles River Ventures (CRV) and included participation from existing investor […]
Berlin’s Cherry Ventures raises new €175M fund to back early-stage startups across Europe
June 19, 2019
Cherry Ventures, the Berlin-based investor that backs European companies predominantly at seed-stage, has raised a third fund. The new “Cherry Ventures III” has closed at €175 million and will continue to be focused on seed, although the firm has historically invested at pre-seed and Series A, too. It will remain fairly industry agnostic, backing promising […]
Blue Prism acquires UK’s Thoughtonomy for up to $100M to expand its RPA platform with more AI
June 19, 2019
Robotic process automation — which lets organizations shift repetitive back office tasks to machines to complete — has been a hot area of growth in the world of enterprise IT, and now one of the companies that’s making waves in the area has acquired a smaller startup to continue extending its capabilities. Blue Prism, which […]

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STARTUP • Business
Evercade is a new handheld for classic Atari, Interplay, and Namco games
June 19, 2019
Evercade is a new portable gaming machine partnering with publishers of classic games.
Venture Deals
Expel Secures $40M in Series C funding
June 19, 2019
HERNDON, VA, Expel has secured $40M in Series C funding. The funding round was led by Index Ventures.
Postman Announces $50M in Series B
June 19, 2019
SAN FRANCISCO, CA, Collaboration platform for API development, today announced the completion of a Series B financing round totaling $50 million.
Aptible Nabs $12M Series A Financing
June 18, 2019
SAN FRANCISCO, CA, Aptible, a leading provider of secure, compliant infrastructure hosting, today announced it has closed $12 million in Series A funding.
AnyVision Lands $74M Series A Round
June 18, 2019
NEW YORK, NY, AnyVision today announced the close of its $74 million Series A financing round.
NewtonX Raises $12M Series A Funding
June 18, 2019
NEW YORK, NY, NewtonX, the first real-time expert search engine, today announces the closing of a $12 million Series A funding round.
Optimizely Pulls In $105M
June 18, 2019
SAN FRANCISCO, CA, Today, Optimizely, the world's leader in digital experience optimization, announced it has closed $105 million in financing, including $50 million in Series D funding.
Venture Capital
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STARTUP • Trends
Apple plans to move some manufacturing out of China, reports Nikkei
June 19, 2019

Apple is exploring moving between 15 and 30 percent of its hardware production out of China, according to a new report by Nikkei. The company reportedly has a growing team looking into moving production, and has asked key manufacturing partners like Foxconn, Pegatron, and Wistron to evaluate the available options.

The catalyst for the shift is the ongoing trade war between China and the US, which is expected to intensify at the end of this month with the introduction of 25 percent tariffs on devices including phones, laptops, and tablets. However, Apple reportedly wants to shift production regardless of whether the trade dispute gets resolved.

”A lower birthrate, higher labor costs and the risk of...

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Technology Trends
Internet Trends
Blockchain is the fastest growing skill in Singapore, says LinkedIn
June 19, 2019

Blockchain is one of the fastest growing skills among workers in the Asia Pacific (APAC) region, according to a LinkedIn report published Wednesday. LinkedIn analyzed the skills listed by its members from the APAC region over the last five years to identify the top 10 rising skills. The report found blockchain to be the fastest growing skill in Singapore and among the top three in China, Japan, Taiwan, South Korea, Hong Kong, and Vietnam. According to LinkedIn, blockchain as a skill is mostly utilized for setting up and managing distributed and decentralized public ledgers. The workers with these skills often…

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STARTUP • Insights
Why companies prepared for disruption may be the smartest investment bets
June 19, 2019
An Accenture study shows 63% of companies face high levels of disruption in all industry sectors. To succeed, companies need to pivot to the future but not cast off their legacy businesses.
Startup Insights
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3 Counter-intuitive Customer Service Lessons Entrepreneurs Should Learn
June 19, 2019
How a bad experience at a self-styled "luxury" Sydney hotel reminded me of the most important customer service lessons for small business owners and entrepreneurs.
These Are the Cities Where Tech Workers Earn the Most (Infographic)
June 19, 2019
San Francisco of course came out on top.

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STARTUP • Stories
Cryptocurrency enthusiasts hate, and love, Libra coin
June 19, 2019
Purists hope Facebook plan will push digital currencies into mainstream
Apple considers supply chain shift out of China
June 19, 2019
Tech Scroll Asia, your guide to the billions made and lost in Asia tech
Lossmaking Blue Prism to buy software group in AI expansion
June 19, 2019
Robotic software company to pay up to £80m for six-year-old Thoughtonomy
French start-up Meero raises $230m for photography platform
June 19, 2019
Co-founder says his company is aiming for 5% market share of a $100bn industry
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