Here is the roundup of startups that made news last week [ 4-8 June]
Blockchain startup Qulian secures USD 234 million in series B round. The new investment is one of the highest to date in the blockchain space. Qulian, a hyperchain blockchain platform that develops enterprise-grade solutions.
Alibaba backs world’s largest online parenting platform BabyTree valuing it at approximately USD 2.19 billion, according to its statement. The startup claims to have the highest user penetration in China’s trillion-dollar family market.
Consumer to business used-car startup Chezhibao has landed USD 125 million in a series D round. China’s private equity fund Green Harbor led the round.
Tiger Global leads USD 70 million round in proptech startup Danke in a B+round. This comes three months after the startup closed a USD 100 million series B round.
Tencent-backed Kuaishou, China’s short video giant, has bought AcFun, one of the country’s top anime-streaming sites amid an intensifying battle over short videos among tech firms. Kuaishou has been valued at USD 18 billion.
Hangzhou-based fintech platform Caogen Touzi has landed USD 360 million. The company offers investment products to individuals as well as small and medium-sized enterprises. Geo-Jade Petroleum, a Chinese real estate, and oil company led the round.
Hellobike became the world’s third bike-sharing unicorn with USD 321 million Ant Financial investment. The round gave it an estimated post-money valuation of USD 1.47 billion. Alibaba is also a shareholder in fellow bike-sharing unicorn Ofo.
Binance’s venture builder Binance Lab, will back blockchain-related projects with a newly established USD 1 billion fund. The company’s head is waiting for an ICO bubble burst.
Pioneering Ethereum wallet imToken gets USD 10 million backing in a series A round led by IDG Capital. The startup claims to be the world’s biggest – and possibly oldest – Ethereum-based crypto wallet. Users have deposited tokens worth USD 35 billion with imToken, compared to the USD 20 billion held in US rival Coinbase.
Alibaba has led a USD 300 million investment in lifestyle and community e-commerce platform Xiaohongshu. Other participants included Tencent, Genesis Capital, GGV Capital, GSR Ventures, Tiantu Capital and more.
Y Combinator alum Meesho has closed a USD 11.5 million series B round. The social e-commerce startup raised the money from a round led by Sequoia India.
The ride-hailing giant Grab has announced the launch of an innovation arm called Grab Ventures to nurture startups in Southeast Asia’s tech space.
Grab has brought in-car refreshments and retail service called Grab&Go to Singapore, the service is a collaboration between Grab and Cargo – the in-car shopping service provider for Uber and Lyft in North America.
Singaporean telecommunications startup MyRepublic has amassed USD 60 million ahead of IPO. The new injection, which comes from CLSA Capital Partners and Kamet Capital Partners, which is slated to happen in the next 18 to 24 months.
Indonesia’s homegrown coworking space operator EV Hive raises USD 20 mn amid co-working boom. The series A round was led by SoftBank Ventures Korea.
Japanese startup Cinnamon, which develops AI software aimed at enhancing workplace productivity, has raised the USD 9 million in a mix of equity and debt funding from investors, including SBI Group, Sony, and several Japanese banks, among others.
EUROPE & USA
Israeli medical imaging startup Zebra Medical Vision, has raised a USD 30 million Series C led by health technology fund aMoon Ventures, with participation from Aurum, Johnson & Johnson Innovation—JJDC Inc.
Target Global, an international VC firm headquartered in Berlin, has announced new mobility and transportation-focused fund to target startups in Europe and Israel. The “evergreen fund” has already got commitments of USD 100 million to be deployed in the first year.
Tradeshift, a supply chain payments and marketplaces late-stage startup has raised USD 250 million in a Series E funding round led by Goldman Sachs and Public Sector Pension Investment Board, hitting a valuation of USD 1.1 billion.
Spanish home rental startup Spotahome has raised USD 40 million in funding in a round led by Kleiner Perkins Caufield & Byers. This brings the firm’s total investment picked till date to USD 64 million.
Germany’s Caroobi, an online platform that connects car mechanics with both customers and car parts sellers, has netted a USD 20 million Series B funding round led by Nokia’s NGP Capital.
Stocard, a Germany-based mobile loyalty wallet, has secured USD 20m in funding. Backers include Macquarie Capital, Shortcut, Alstin, Rocketship, HTGF and Englehorn.
Druva, America’s cloud data protection and management vendor, has announced its first-ever acquisition, that of Ireland’s AWS backup and disaster recovery solution provider CloudRanger.
In the two months since Uber bought bike-share startup Jump, the company’s bright red bikes have already rolled out across a few US cities — and now they’re coming to Europe.