Category: Rest of the World

Chinese Hellobike Raises USD 700 Mn, Tel-Aviv’s LawGeex Secures USD 12 Mn And More…

Here’s what happened around the Globe this week [16-20 April] ASIA Peer-to-peer lending platform Funding Societies, secured USD 25 Mn in Series B funding round. Softbank Ventures Korea led the round with participation from Sequoia India, others. Zimplistic, the startup that has developed Indian-style flatbread-maker Rotimatic, has landed USD 30 Mn series C fundraise co-led by […]

Sharing Economy Gets A Boost In Asia, Uber Acquired JUMP Bike And More…

Here’s a wrap of this week’s [09-13 April] headlines from around the startup world. Asia  The New York-based co-working has acquired Chinese competitor Naked Hub for USD 400 Mn as per a report by Bloomberg. WeWork has been pushing for expansion into Asia, having purchased Singapore-based competitor SpaceMob last year. Naked Hub itself had acquired […]

India’s PayTM Raises USD 445 Mn, Belgian TextMaster Gets Acquired By Technicis and More….

Here’s what happened last week in the world of startups around the globe. Europe Comatch, Germany’s online marketplace for consultants and industry experts, has completed a USD9.8 Mn Series B financing round. This was led by Acton Capital Partners with participation from Atlantic Labs and btov. Careship, a marketplace for in-home senior care, has raised USD […]

SEAT Plunges Into Car Sharing with Acquisition of Spanish Startup Respiro

Car manufacturer Seat has announces that it just acquired 100% shares in Madrid-based car sharing startup Respiro. Founded in 2010 by Ian Paterson and Inés De Saralegui and with an annual turnover of 1.8 million euros in 2016, the platform operates on a pay-as-you-go basis. It currently boasts of having 15,000 active users and 200 […]

German Blockchain Company OST flushes $7.5 Mn into Photo Startup Unsplash

Photo startup Unsplash has announced the raise of $ 7.5 million Series A funding from German blockchain firm OST. Out of this, $6.25 million has been received in fiat currency, and the rest of the money in SimpleTokens, which is OST’s dedicated cryptocurrency that’s currently trading at around $0.30. Other participants in the financing round include Betaworks, InVision CEO […]

German Edtech Startup Sofatutor bags €3 Mn from Frog Capital, others

Berlin based online learning platform Sofatutor has announced the raise of €3 million in its fourth round of financing led by Frog Capital. Other participants include Acton Capital Partners, JCMB Beteiligung, VC Fonds Kreativwirtschaft, and Cornelsen, a school textbook publisher. Founded in 2009, the Sofatutor platform is used by students from elementary school through to A-levels for gaining […]

One Peak Partners Pour $22 Mn into Berlin’s Spryker

Spryker Systems, a provider of a commerce focused operating system, has raised $22 million led by growth investor One Peak Partners along with participation from existing investor Project A. It had raised an undisclosed amount in Series A round held in mid 2015. Founded in November 2014 by the serial entrepreneurs Alexander Graf and Nils Seebach, […]

Carbo Culture raises €550 K Seed Money to turn Food Waste into Charcoal

Carbo Culture,  a Helsinki, Finland energy startup has announced a seed funding round of €550,000. Investors include Lifeline Ventures, Wave Ventures, Starlight VC, along with a number of angel investors participating in the financing round. Founded in 2013 and led by CEO Pia Henrietta Kekäläinen, the company provides a solution that turns methane-emitting local waste biomass […]

Electric Scooter Rental Service CityScoot Announces $50 Mn Funding to Expand Operations in Europe

Electric scooter rental startup Cityscoot has raised $50 million in a recent round of funding. RATP Capital Innovation and Inventure Partners are leading the round, with existing investors Caisse des Dépôts and LeasePlan also participating. The company had previously secured $18 million in 2016. The french service that launched in mid of last year, allows users to access […]

Mixmax Pulls In $10.35 Million Funding from a Clutch of Investors

Sales and communication automation platform Mixmax has raised $10.35 million from Carl Fritjofsson of Creandum and Jason Lemkin of SaaStr. Previous investors Michael Dearing, Harrison Metal and Floodgate also participated in this round. The company had previously raised $1.5 million in 2015. Mixmax provides a web and chrome app that turns the email inbox into a web-based software platform […]

LocalGlobe Backs Zebra Fuel with $2.5 Mn Capital Injection

Zebra Fuel, a London-based on-demand energy startup which delivers fuel directly to vehicles, raised $2.5 million in seed funding. Leading the round is LocalGlobe, with participation from Firstminute Capital, and Alex Chesterman, the Zoopla founder and along with another UK based angel investor. This brings the total amount raised by Zebra to $ 3 million. […]

French Digital Video Editing Platform Wildmoka Scores $8 Mn Series A Funding

Wildmoka, a French digital video production company, has raised $8 million in Series A funding led by Alven Capital with participation from existing investor Apicap. The company had previously raised a Seed round in early 2016. The company, that was launched in 2013 by Cristian Livadiotti and Thomas Menguy, intends to use the funds to […]

HPE Growth Capital Leads $25 Mn Series B Funding for German Marketing-Tech Startup Uberall

Uberall, the cloud powered marketing tech startup has picked up $25 million in Series B funding. The round has been led by HPE Growth Capital, with participation from existing investors Project A and United Internet. The latest funding will enable the company to further develop the product, and to expand is global footprint, with a marked […]

Swedish Coffee Stain Acquires and Rebrands Gone North Games

Goat Simulator developer Coffee Stain announced that it has acquired a majority share in studio Gone North Games, which will be called Coffee Stain North post the development. Terms of the deal remain undisclosed. The two companies have previously partnered on a number of projects. Gone North Studios, based in Stockholm, is the developer of mobile games like […]

Victor, The British ‘Uber for Jets’ takes off with Fresh Capital Infusion of $18 Mn

The London-based jet charter marketplace – Victor, has secured another $18 million from BBA Aviation and BP Ventures in its latest round of fundraising, with participation from exisiting investors. This is followed by its $20 million Series B round, raised lately in September of 2017. Launched in 2011 by chief executive and founder Clive Jackson, offers an on-demand jet charter service […]

Dutch HR-tech Company Talmundo Picks up €1.3 Mn in a Funding Round Led by TIIN Capital

The HR tech company Talmundo has announced the raise of €1.3 million in funding round led by TIIN Capital with participation from a clutch of angel investors. TIIN also backed the company in its initial funding round last year. The company was started in 2012 by CEO and Cofounder Stijn de Groef as a builder of custom HR […]

Spendesk nabs a $9.9 Mn Series A funding from Index Ventures, others

Corporate expense management company Spendesk has announced the raise of $9.9 million from Index Ventures with participation from Michael Benabou, Laurent Asscher and Showpad cofounders Louis Jonckheere and Pieterjan Bouten. The company raised $ 2.2 million early on previous year from Kima Ventures, Funders Club, others. The latest capital injection will help the company to scale operations […]

Poland’s Brainly Taps into Video Technology with the Acquisition of US Edtech Company Bask

Brainly, a Polish P2P learning platform for students, has announced the acquisition of Bask’s video learning platform to help students visually learn and collaborate online. No terms of the deal have been disclosed. Established in April 2017 in New York City, and spearheaded by founder Ryan Metzger, Bask is a tool for students to learn and […]

Med-tech Startup Flow Neuroscience secures $1.1 Mn Seed Funding to Combat the Depression Epidemic

Sweden headquartered medical-tech startup Flow Neuroscience has announced the close of a seed round of USD 1.1 million from Khosla Ventures, SOSV, and Swedish angel investor Daniel Andersson. Led by CEO and clinical psychologist Daniel Månsson, Flow Neuroscience is developing a brain simulation headset as a treatment for depression. The wearable device comes along with an app […]

French ride sharing app Heetch bags a massive $20 Mn from Felix Capital, others

Paris based ride sharing app Heetch has raised $20 million financing. The round was led by Felix Capital with participation from Alven Capital, Via-ID, Idinvest Partners and InnovAllianz. This is followed by a capital injection of $12 million last September. Launched in September 2013 as a night-time only P2P ride-sharing platform, but the service had to shut down […]

DN Capital Launches €200 Mn Fund to Support European Tech Ecosystem

London-based venture capital firm DN Capital has raised €200 million for its fourth investment fund from European Investment Fund, targeted at early-stage technology companies. DN Capital has made a gross of 59 investments in nine countries, and boasts of 17 exits. A major quota of these investments have been made in Europe. Marquee investments include music recognition […]

E- Learning platform Speachme Gets €10 Mn to Jack Up Global Growth

Speachme, a French educational technology company, announced the raise of €10 million in funding from Groupe Artémis’ Red River West, an initiative that funds French companies’ growth in the US. Led by CEO Najette Fellache, and COO Kader Garnier Aw, speachme is a micro-learning and peer-to-peer skills and knowledge transfer platform, which allows employees and contractors […]

Softbank Injects a Massive €460 Mn in German Used Car Marketplace Auto1 through its Vision Fund

German online car marketplace Auto1 has secured €460 million from Japanese giant Softbank’s Vision Fund. The company has been valued at about € 2.9 billion, giving SoftBank control of about one-fifth of the company. Founded in 2012, Auto1 is an automotive ecommerce platform, enabling consumers as well as dealers to trade used cars seamlessly. The freshly injected […]

Marlin Acquires Majority Stake in Social Analytics Platform Talkwalker

Luxembourg’s AI-powered social media analytics company Talkwalker has been acquired by global Private Equity firm Marlin Equity Partners. Talkwalker’s platform monitors and analyzes conversations on social networks, news websites, blogs and forums in 187 languages, allowing the customers to prove the impact of their communication efforts through real-time analytics across all channels, putting customers in […]

Sales Management Startup Sellsy nabs €7 Mn to Gain a Global Foothold

French enterprise sales software Sellsy has raised a financing round of €7 million from services firm SofiOuest. Its Software-as-a-Service combines multiple functionality — CRM, ERP, invoicing, purchase management, POS, time tracking and help desk — to enable companies to manage the entire sales process and to monitor key indicators in real-time. The freshly infused funds will be […]

Sweden’s Early Stage VC Luminar Ventures Launches €50 Mn Seed Fund

Luminar Ventures has launched a new €50 million seed fund to invest in Swedish tech companies with a vision to scale globally. The fund will invest in large seed rounds of about €10 million and will also consider pre-seed and Series A rounds. Founding partners, Magnus Bergman and Jacob Key are both former serial entrepreneurs and […]

Dailmer Continues its Affair With Mobility Space, Acquires Stake in Digital Mapping Startup what3words

Automotive Giant Dialmer has bought 10% stake in London-based what3words, the startup behind the addressing platform that enables anyone to pinpoint locations with. Founded in 2013, the alternative geocoding service has divided the world into a grid of 3m x 3m squares and assigned each one a unique 3 word address, allowing customers to identify […]

UK’s Goji is Set Out to Bolster Direct Lending as an Asset Class, Gets Backing from Anthemis, others

Goji, a London-based direct lending investment platform has announced the raise of an undisclosed amount of funding led by Anthemis, with participation from AXA Strategic Ventures and others. Founded in February 2015, the company will flush the newly received multi-million dollar funds into development of the platform and its other lending products. The platform provides […]

Daimler Buys Majority Stake in French Ride Hailing App Chauffer Privé

German automative giant Daimler has acquired a majority stake in Chauffeur Privé, one of the leading private hire vehicle services in France, with the intention of acquiring the remaining stakes by 2019. The terms of the deal remain undisclosed. Chauffeur Privé, founded in 2011, has more than 1.5 million customers and 18,000 drivers. Their service […]

Dublin’s Biotech Startup Nuritas Gears To Go Global With $20 Mn Series A Funding

Biotech startup Nuritas, has raised $20 million in Series A funding in a round led by Cultivian Sandbox Ventures, a Chicago-based VC focused on the agri-tech space.  This brings the total amount invested till date to approximately $30 million. Founded by Nora Khaldi in 2014, Nuritas uses artificial intelligence to study the core components of […]

Heartbeat Medical gets €3 Mn Backing to Help Doctors Gauge Treatment Results

Germany headquartered Heartbeat Medical has announced the raise of €3 million from Holtzbrinck Ventures. The existing investor High-Tech Gründerfonds also participated in the financing round. The firm provides a software platform that enables doctors to evaluate the success of their treatment, by integrating the collections of Patient Reported Outcomes (PROs) into a clinical setting. Following […]

German Fintech Startup Raisin Secures an Undisclosed Amount from Paypal

Raisin, a savings deposit marketplace, has picked up strategic investment from digital payments platform PayPal. Founded in 2013, the Berlin based company enables savers to access the best deposit rates across Europe. More than 40 banks, including fintech firms like N26, offer services using Raisin’s solutions. These banks benefit by means of getting customers across […]

Sweden’s Food E-commerce Company Matsmart scoops €7.5 Mn to Curb Food Wastage

Food Ecommerce startup Matsmart, selling surplus food that would otherwise be thrown away, has raised €7.5 million in funding from Norrksen Foundation, D-Ax, the investment division of Axel Johnson Group, and Northzone. Preventing enormous food wastage, the startup resold 706 tonnes of food in 2016. These products were close to the sell by date or underwent […]

UK’s Digital Banking Platform Loot Secures £2.2 Mn to Help Millennials Manage Their Money

Loot, a digital banking app, has announced a £2.2 million series A funding led by £2.2 million series A  led by Portag3, Speedinvest and Power Corporation‘s corporate VC arm, taking total funding raised till date to £6 million. The London based company is a smartphone-based digital current account, built to help people better manage their money. It aims […]

German App Monitoring Solution Instana Scoops $20 Mn Series B Funding

Application monitoring solution Instana, has picked up $20 million in a Series B funding led by Accel with participation from Target Partners. This brings Instana’s total funding to date to $27 million. Based out of Germany, the startup is a provider of a monitoring solution that applies both automation and artificial intelligence (AI) to automate all […]

Paddle, UK’s Software Sales Platform closes $12.5 Mn Series B Round led by Notion Capital

London-based Paddle, a software sales platform has raised $12.5 million in series B financing. Led by Notion Capital, the investment round also included existing backers BGF Ventures and Kindred Capital, as well as MacPaw – the software firm Paddle merged with earlier on this year. The company had raised a series A round of $3.2 million back in […]

Germany’s Joblift snaps up €10 Mn Series A funding led by DN Capital

Joblift, a Berlin, Germany-based job search platform has raised €10 million in series A funding. The round, which brings the total amount raised to date to €12m, was led by DN Capital with participation from Picus Capital and existing investors Cherry Ventures, BTOV and TruVenturo. The two year old startup aggregates jobs data from over […]

London-headquartered Pace to Automate Hotel Room Pricing with £2.5 Mn Seed Money

Pace, a hotel-tech company that leverages machine learning to maximise hotels’ revenues and occupancy, has closed a £2.5 million seed financing round led by InterGlobe. Other participants include Seedcamp, Speedinvest and Amadeus Capital Partners. Propriety algorithms developed by the London based startup let hotels set room prices dynamically based on demand, that helps them tackle […]

Balderton Completes New $375 Mn European Technology Fund, to Invest in Series-A Rounds

Balderton Capital has announced its new $375 million fund to invest in European tech companies at the Series A stage, bringing the total amount of money Balderton manages across its funds to $2.6 billion. The new fund — the firm’s sixth —  is backed by new and existing investors. The fund will target a portfolio of […]

Minut Locks Down $2.5 Mn Seed Financing from Karma.vc, others to Make our Homes Secure

Sweden-headquartered home security system manufacturer Minut, closed a $2.5 million seed funding round led by Karma.vc with participation from SOSV and Nordic Makers. This is followed by a pre- seed funding from angels based in the Nordics and California and from early stage funds Nordic Makers and SOSV. The company, led by CEO Nils Mattisson, Fredrik Ahlberg, Martin […]

UK’s Synthetic Biology Company LabGenius lands $3.66 Mn Seed Capital to Harness Evolution

Synthetic biology startup LabGenius, has picked up a seed financing of $3.66 million led by Kindred Capital and Acequia Capital, along with Berggruen Holdings, Backed VC, Beast Ventures, and System.One and investors Charlie Songhurst from Microsoft, and Tom McInerney, founder of TGM Ventures. The London based company is a pioneer in the use of synthetic biology […]

OpenOcean flushes €3.5 Mn into Finnish Marketing Analytics firm Supermetrics

Supermetrics, a Finland-based marketing analytics company, announced the successful closure of a €3.5 million Series A funding round led by OpenOcean. Founded in 2013, the company offers marketers a reporting automation tool for PPC, SEO, social media and web analytics, integrated with Google Sheets, Google Data Studio and Excel. The software brings all marketing metrics together […]

French Used-Electronics Marketplace Certideal raises €2 Mn to Expand in Europe

Online marketplace for used electronics Certideal has raised a financing of € 2 million from french venture capitalists – Citizen Capital and Inter Invest Capital. Launched in 2015 by Yoann Valensi and Laure Cohen, the platform allows sale and purchase of second hand electronics like smartphones, tablets and laptops, in a bid to promote re-use […]

UK Mobile Crowdsourcing Firm BeMyEye secures $10.5 Mn from FII Tech Growth, others

Crowdsourced marketing-tech company BeMyEye has raised $10.5 million Series C funding. The round has been led by FII Tech Growth with participation from Nauta Capital, P101 Ventures, and 360 Capital Partners. This is followed by a Series B investment secured in early 2016. Founded in 2011 by Gian Luca Petrelli and led by Luca Pagano, CEO, the company […]

China: Alibaba to invest $2.9 bn in Sun Art, aims to combat Wal-Mart

In an attempt to expand its reach in the retail world, Alibaba announced on Monday that it would take a 36% stake in Sun Art Retail Group from Taiwanese conglomerate Ruentex Group for $2.9 billion. Sun Art operates about 400 hypermarkets under the Auchan and RT-Mart banners and is building a line of unmanned stores. […]

India’s Portea Medical Raises $26 Mn Funding From Sabre Partners, MEMG CDC

Bengaluru-based home healthcare startup Portea Medical has raised $26 Mn funding in a Series C round led by Sabre Partners and MEMG CDC Ventures. Existing investors Accel, Washington-headquartered International Finance Corporation (IFC) and Qualcomm Ventures also participated in the round. Avendus Capital served as the sole financial advisor of the funding round in Portea. With […]

UK Satellite Imaging Company Bird.i nabs $2.6 Mn to expand globally

UK-based Bird.i, a satellite imaging and intelligence startup, has raised $2.6 million in a fresh round of funding. Accelerated Digital Ventures led the round with participation from Concrete VC, Frontline Ventures, Satellite Application Catapult Services and Scottish Investment Bank. This round brings the startup’s total funding to $3.3 million. Started in 2016 by Corentin Guillo, Bird.i provides imaging and intelligence services that give businesses […]

Coworking Space Management Platform OfficeR&D grabs $1 Mn in Seed Funding

OfficeR&D, a co-working space management platform based out of London and Bulgaria, completed a $1 million seed round. The financing has been led by LAUNCHub Ventures with participation from Constant Tedder, the co-creator of video game Runescape, and the cofounders of Bulgarian software firm Telerik. The startup, founded by Miroslav Miroslavov and Miroslav Nedyalkov in 2015, provides […]

German Online Rentals Platform Wunderflats obtains €3 Mn from Creathor Venture, others

Wunderflats, an apartment rental platform from Berlin has raised €3 million in funding from Creathor Venture, along with the IBB Beteiligungsgesellschaft’s VC Fonds Kreativwirtschaft, ECONA AG and other undisclosed family offices. The property-tech startup, focussed on medium length stays, allows users to rent a furnished flat for one month or more. Founded in 2015, by Jan Hase and Arkadi Jampolski, the […]

Swedish Energy Management Startup Eliq amasses €3 Mn from a Syndicate of Angels

Eliq, a Sweden-based energy management company, announced closing a €3 million investment funding round. The money comes from existing investor CBC Investment and from a syndicate of around 70 angel investors. The funds will be used to to help accelerate market adoption of its customer engagement platform with particular focus on the UK market. Prior to this, the […]

French Venture Capital Aster has pulled in €240 Mn for its latest fund

Paris-based venture capital fund Aster – dedicated to the energy transition and the mobility companies, at all levels of maturity, has raised €240 Mn for its latest fund. With this, Aster brings its total funds under management to €500 million. Investments will range from €250K at the seed level to €15M in the growth segment, with […]

French Machine Learning Startup Prevision.io bags €1.5 Mn Funding

Paris-based Prevision.io, a machine learning startup, has announced a €1.5 million investment from French national railway service SNCF through its €30 million SNCF Digital Ventures fund. Other participants include Bpifrance, a government-backed investment firm, and Net Venture. The company, based at the Station F startup campus in Paris, develops Saas- based and on premise AI […]

Haptics-tech company Lofelt raises $5.4 million in Series A round

Berlin based startup Lofelt has picked up $5.4 million in Series A funding. Leading the round is Wolfman.One, with participation from Q Venture Partners, Coparion, and previous backer Horizons Ventures. The fresh capital will be employed to drive faster product development and enlarge the technology team. Started in 2014, the startup has developed solutions for […]

Havas Group Backs French Influencer Marketplace Octoly with a whopping $10 Mn Funding

Influencer marketplace Octoly has raised $10 million in a Series A round of funding, from marcoms giant Havas Group, venture capital firm Otium Venture, marketing business Twin Partners, and the EU’s SME Instrument programme. Dual based out of Paris and New York, the startup lets social media influencers receive free products in exchange for publisihing […]

London’s Trouva raises USD 10 Mn to bring Brick-&-Mortar Boutiques Online

Trouva, a curated marketplace for the UK’s homeware and lifestyle brick-and-mortar boutiques, has raised $ 10 million in a Series A funding. The round has been led by BGF Ventures with participation from Octopus Investments, LocalGlobe’s Robin Klein, Playfair Capital, and Downing Ventures. The recently obtained funds will be utilized for further developing the platform at existing stores […]

Sequoia Backs Graphcore as the Future of Artificial Intelligence Processors

The Bristol-based AI startup Graphcore has today announced a $50 million Series C funding round led by Sequoia Capital. This is followed by a $30M Series B round led by Atomico in July this year. The latest funding round brings their total amount of funds raised to an enormous $110 million. Sequoia partners Matt Miller and Bill Coughran […]

Italian Data Analytics firm Finscience closes €1 Mn Seed Funding from Undisclosed Angels

Italian data analytics startup Finscience has raised a seed round of €1 million from a number of undisclosed angel investors. Founded early this year by a team of previous Google Italy senior managers, Finscience is a is a data analytics platform for the financial sector. Leveraging AI algorithms, it collects and analyses large amounts of structured (numeric) […]

Dutch Cybersecurity firm EclecticIQ lands €14 Mn from Keen Ventures Partners, others

EclecticIQ, an Amsterdam- based provider of Cyber Threat Intelligence technology solutions, raised €14m in Series B funding led by Keen Ventures Partners with participation from existing investors. This round brings the total amount raised by the company to over €20m. The platform provides an advanced analyst-centric toolset and intelligence reporting capability, including automated instrumentation of […]

Germany’s fintech startup Treasury Intelligence Solutions announces $12 Mn investment

Payments and cash flow management solution Treasury Intelligence Solutions has raised $12 million in a funding round 83North with Target Partners and Zobito. The Germany based company plans to use the new funding to further accelerate product development and scale operations in Europe and the US, in order to meet growing international demand. Founded in […]

Austrian Online Recruitment startup JobRocker attracts €1 Mn cash injection

Europe’s headhunting platform JobRocker has announced €1 million investment in Series A round led by Munich’s Surplus Invest to commence scaling its operations. This funding round marks the Austrian company’s first significant investment, having previously raised a €150,000 cash injection last year. The Vienna based online job search portal connects the user’s CV with possible […]

Swedish Digital Contraception App gets $30 M Series B investment led by EQT Ventures

Stockholm, Sweden-based digital contraception app Natural Cycles has secured $30 million funding in a bid to expand globally. The Series B round was led by EQT Ventures alongside previous backers Sunstone Capital, E-ventures, and Bonnier Growth Media. This brings the total amount raised by the startup to $36 million, with a previous $6M Series A […]

UK’s Hostmaker Raises USD 15 Mn To Take The Friction Out Of Airbnb Rentals

Hostmaker, a London-based hospitality management service for Airbnb hosts, raised $15 million in Series B funding led by Thailand’s real estate developer Sansiri and Gaw Capital. Existing backers DN Capital, Ventech, and DSGCP also participated. The startup offers an array of services to homeowners for managing their short term rentals from housekeeping by five-star hotel […]

London’s Process Automation Platform Autologyx gets £1.5 Mn from Beacon Capital

London’s robotics and automation startup Autologyx, has raised £1.5 million in pre-Series A funding led by Beacon Capital with participation from Angel CoFund and Richard Hargreaves, who will join the board of the company as non-executive director. Leveraging machine learning and artificial intelligence, the company has developed a SaaS-based Fabric Automation Platform for enterprises to […]

UK-based Gaming Startup Mojiworks attracts £2.1 Mn funding from Balderton Capital

Gaming startup Mojiworks has announced a funding round of £2.1 million in series A funding. Balderton Capital led the round with participation from Lifeline Ventures and Sunstone Capital. The startup, founded last year by Matthew Wiggins (CEO) and Alan Harding (CTO), builds games for chat and messaging platforms, including Apple’s iMessage and Facebook’s Instant Games […]

Singapore’s Cash back Shopping Service “ShopBack” Raises USD 25 mn

Singapore’s cash back-focused e-commerce service ShopBack announced it has just closed a funding round worth US $25 million. Fourteen investors participated in the round, which was led by Japanese credit card issuer and Mizuho Financial Group affiliate Credit Saison with participation from Blue Sky, AppWorks, Intouch, Aetius Capital and 33 Capital, and returning investors SoftBank Ventures Korea, […]

India’s E-pharmacy startup Netmeds grabs $14 Mn from Tanncam, Sistema Asia Fund

Netmeds, an online pharmacy has picked up a corpus of $14 million in a fresh round of funding from Cambodian investment holding company Tanncam, along with participation from Sistema Asia Fund. The two will join early investors Investment Bank MAPE and OrbiMed Asia, along with Pradeep Dadha and his family as equity stakeholders in Netmeds. […]

E-grocery becoming investor’s playground in India, Bigbasket raises 2 investments within a week

Hyperlocal segment in India has been a tough cookie to crack. The sector saw the unfortunate end of many startups in the last 2 years including biggies like Peppertap. In a bid to compete efficiently with Grofers, online marketplace grocery delivery, the inventory-led firm BigBasket has raised $8.02 Mn (INR 52 Cr) in funding from four of […]

Employee learning platform Sunlight raises £500,000 in seed round

Sunlight, a London- headquartered employee learning and development platform from has bagged £500,000 in a seed round. The investment has been led by Speedinvest, with participation from Seedcamp, and Annection, along with a number of angel investors. Founded in 2016 by brothers Carlos and Juan Lagrange, Sunlight lets employers managing learning content for their staff’s […]

London’s DIY Computing Kit Maker Kano raises USD 28 mn in Series B

Kano, a London, UK-based DIY computer company, raised $28M in Series B funding led by the Thames Trust and Breyer Capital, with participation from Index Ventures, Salesforce founder Marc Benioff, the Stanford Engineering Venture Fund, LocalGlobe, John Makinson, Collaborative Fund, Triple Point Capital, and Barclays. Before this, Kano had raised around $16.5 million in funding. […]

Indian online financial marketplace BankBazaar raises $ 30 Mn

Chennai-based BankBazaar has raised $30 Mn in a funding round led by credit rating agency and information management company Experian. The funds will be used to further strengthen its position as the leader in secure paperless access to loans, cards, and mutual funds. Experian will also help the startup to accelerate towards its vision of […]

Asian Conglomerates Salim and Lotte launch e-commerce site in Indonesia with $100 mn

The Southeast Asian conglomerates Salim Group and Lotte Group have joined hands to float an ecommerce platform iLOTTE and have cumulatively  invested $100 Mn in the new platform. Salim Group is an Indonesia based firm which operates chiefly in sectors such as food, retail, automotive, telecommunications, infrastructure and other sectors across Indonesia and the Philippines. On the other hand, Lotte […]

Indian Unicorn Ola raises $1.1 Bn from Tencent, Softbank and Others

A week later, after the news leaked in media about Ola raising $2 billion in another round of funding, the cab-hailing company has today announced that it has closed $1.1 billion in fresh financing by China’s Tencent Holdings Ltd and existing investor Japan’s SoftBank. Ola aims to focus on the leasing business and increase the number […]

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