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TextPlus Competitor Lands $280M From Alibaba

socalTECH

A direct competitor to Marina Del Rey-based free texting and phone service provider TextPlus said today that it has raised a huge, $280M funding round for its services. Silicon Valley-based Tango raised the giant funding round from Chinese company Alibaba, which reportedly valued Tango at around $1 billion.

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‘Megadeals’ Dominate Q2 as VCs Invest $15.3B, and Top 10 Deals

Xconomy

It was the 10 th consecutive quarter that venture firms put at least $10 billion into startups and other high-tech companies, including a $3.5 There were 11 “megadeals” during the quarter, in which companies raised at least $100 million from investors, including four late-stage “expansion” deals. based companies raised almost $15.8