Update From Crunchbase

LinkedIn buys Drawbridge

LinkedIn, the Microsoft-owned professional networking giant, has just made its second known acquisition in eight months, snapping up Drawbridge, a developer of software that helps companies better understand their customers using machine learning. Silicon Valley-based Drawbridge previously raised nearly $70 million in venture funding.

Talkspace raises $50M for digital therapy

Talkspace, a provider of therapy via a subscription-based online platform, raised $50 million in a Series D round led by Revolution Growth. The New York company’s model involves connecting users with a network of over 5,000 licensed therapists through a web and mobile platform.

Mapping the geography of biotech funding

Using Crunchbase data, we plotted the count of venture capital funding rounds raised by biotechnology companies across the U.S. As expected, a few metro areas dominate the funding landscape.

Maveron raises $156M for consumer-focused funds

Maveron, a consumer-focused seed and early-stage venture capital firm based in Seattle and San Francisco, submitted a securities filing indicating it’s raised capital for a pair of new venture funds totaling over $156 million.

Pantheon acquires Staging Pilot

Fresh off a $40 million Series D round, web services company Pantheonannounced that it has acquired Staging Pilot, a provider of WordPress automation software, to help roll out automated updates to sites it manages.

Crunchbase: Easy steps for launching customer support

Setting up good customer support for your startup is as important as defining marketing strategy, ramping sales, and building finance and legal departments. Here’s a quick guide on how to set up a successful customer support strategy.