Bangladesh Based Ride-Hailing Startup Shohoz Raises USD 15 Mn, French Startup Isorg Secures USD 28 Mn And More

Here is a quick recap of all the biggest headlines from startups around the globe [ 24-28 September 2018]

ASIA

Australia and Singapore based Gilmour Space technologies has picked up USD 19 M in a series B round led by main Sequence Ventures, for propelling micro-satellites to space. 

Indian budget hotel chain OYO has raised a USD 800 Mn and has received a further commitment of USD 200 M from Japan’s Softbank. At a valuation of USD 5 Bn, OYO is India’s second most valuable company after PayTM.  

Netradyne, a Bengaluru and San Diego based AI startup has raised a  USD 21 M series B funding led by Microsoft’s venture arm M12.  The company focusses on the driver and commercial fleet safety.  

Singapore’s antitrust watchdog has fined USD 9.5 M Uber and Grab for breaking competition rules when they merged earlier this year.

Shohoz, a Bangladesh based ride-hailing, and ticketing platform has grabbed USD 15 M in a pre-series B round led by Golden Gate Ventures.

Indonesia’s Venturra Capital has launched a USD 15 M seed fund and is planning to invest in 30- 40 startups over the next four years with cheque sizes ranges from USD 200 K – 500 K.

EUROPE

Isorg, a France based image sensor development startup, secured USD 27.8 M in a round led by US-based New Science Ventures.

Madrid-based Stratio, a big data analytics startup, landed USD 15 M in Series B funding round led by Adara Ventures.

Meritech Capital led the USD 34.8 M funding round of Germany-based Instana, which is an app performance management platform.

In a Series B funding round led by Accel, London-based cybersecurity startup Synk raised USD 22 M.

French SME banking startup Qonto has secured USD 23 M in a round led by its existing investors Alven and Valar Ventures.

USA

The Infatuation, curating recommendations for restaurants has secured USD 30 M from WndrCo. Hollywood magnate Jeffery Katzenberg is the founder of WndrCo.

New York-based Cargo, a ride-hailing startup has landed USD 22 M Series A funding at a valuation a little to the left of USD 100 M.

Cambridge-based biotech startup KSQ Therapeutics raised USD 80 M Series C financing.

Collaborative data startup from Austin, Data.world, landed USD 12 M in a round led by Workday Ventures which witnessed participation from OurCrowd and The Associated Press.

Blockchain gaming console Blok. Party raised USD 10 M in a funding round led by crypto fund JRR Capital.

Stripe, a payment infrastructure startup is valued at USD 20 Bn after a funding round of USD 245 M. The funds shall be used for international expansion, particularly in Asia.

Did you know: Over $725.6 Mn was invested in Africa in 2018.
Keep tabs on the Venture Capital Landscape of Africa with the VC Report 2018 by WeeTracker. Find out the Latest Fundings, Top Investors, Leading Sectors & much more..