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Another short-lived, overfunded startup is shutting down: Primary Data

A startup that’s operating in stealth mode raises an almost stunning amount of money before it releases the product. Investors write outsize checks to the outfit because of the other people involved in it, but before you know it, poof, the company is imploding, and the capital is gone. It’s …

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Battery Ventures leads $75M Series D in travel tours app GetYourGuide

Right after Berlin-based travel activities booking platform GetYourGuide announced its $50 million Series C, one of Europe’s biggest tourist draws, the city of Paris, was rocked by a series of terrorist attacks. The awful events in Paris were clearly not good news for a tourism-dependent business. “We closed the round on …

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Online lender Earnest sells to Navient, in a disappointing deal for investors

Earnest, a well-funded fintech startup with bold ambitions to create a modern financial institution, is selling to the student-loan company Navient for $155 million in cash. The WSJ was first to report the news. The exit isn’t so great for Earnest’s investors. They’d plugged roughly $320 million in cash and …

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