Author: Ingrid Lunden

Nextdoor, now in 160,000 neighborhoods globally, expands to Germany

 Nextdoor, the social network that connects you with people in your neighborhood, is taking another step up in its global growth, after launching in the Netherlands and the UK last year. Today, the company is opening for business in Germany, the largest internet market in Europe. The move comes as the company says it is now used in 160,000 neighborhoods across the US, UK and Netherlands, with… Read More

Symphony, a messaging app backed by Wall St, gets $63M at a $1B+ valuation

 Symphony, a secure messaging app that counts 15 of the world’s biggest banks among its investors and 200,000 paying customers, has raised a new tranche of funding to fuel its expansion into new markets. Symphony has closed in on $63 million; and according to sources close to the company, the startup is now valued at over $1 billion — confirming our reporting from December. This… Read More

Facebook to add 3,000 to team reviewing posts with hate speech, crimes, and other harming posts

 A week after news broke of multiple videos of suicides posted on Facebook remaining on the site for hours, the company has announced a new plan to add 3,000 more people to its operations team to screen for harmful videos and other posts to respond to them more quickly in the future. Mark Zuckerberg, the CEO of Facebook said that this would be in addition to the 4,500 people already working… Read More

LoveCrafts, a social network and marketplace for makers, raises $33M

 Facebook may have the generalist social network on lockdown, but when it comes to communities based around special interests, the playing field remains full of promise. Today, a U.K. startup called LoveCrafts, aimed at knitters and other home craft makers with a platform that is part social network and part e-commerce marketplace, is announcing a significant growth round to seize that opportunity. Read More

Soundcloud confirms new $70M credit line after failing to close $100M round

 Soundcloud — the popular, but unprofitable platform that lets creators post and share music and other audio files — may have been unsuccessful (so far) in closing a new $100 million round of funding, but it’s not running out of money soon. The company has secured a $70 million round of debt funding from three new investors — Ares Capital, Kreos Capital, and… Read More