London Based Startup Huel, Selling Powder Food Secures USD 23 Mn, Indonesian Startup Moka Acquires Indian GetFocus And More
Here are the highlights of startup news from around the globe this week [01-07 October 2018]
Asia
Singapore-based AI Grid Foundation has secured USD 20 M in investments for ELONCITY from dozens of global institutions.
Indonesia-based point-of-sale app operator Moka has acquired Indian contextual marketing company GetFocus for an undisclosed amount.
China’s Tencent has invested in Voyager, a fintech business started by telecom firm PLDT. It has paid pay up to USD 175 Mn for a minority stake.
Free Reads
Nigeria’s VAT Revenue Hit A Record NGN 311.94 Bn In Q2 But The Country’s Taxman Is Not Out Of The Woods Just Yet
Free Reads
Navigating The COVID19 Pandemic: How Startups Manouvered The Most Uncertain Time In Recent History
Free Reads
Cash-Strapped Nigeria Trying To Rake In Funds By Squeezing USD 62 Bn Out Of An Oil Contract Signed 26 Years Ago
Europe
Series A funding round led by Grafton Capital landed London based robotic process automation company Softomotive USD 28.9 M.
Cloud-file sharing platform CTERA Networks raised USD 30 M in a funding round led by Red Dot Capital Partners.
London based Huel, a startup selling powder food secured USD 23 M from Highland Capital in its first-ever funding round since its inception in 2015.
Multinational insurance companies TMHD and ODDO BHF invested USD11.5 M in German insure-tech startup Simplesurance. The company has raised USD 60 million funding in total.
Cambridge based Owlstone Medical secured USD 35 M from Horizon Ventures, Ventura Capital and Foxconn Technologies Group. The first USD 15 M was raised in March this year, bringing the round total to USD 50 M.
USA
San Francisco based Rylo secured USD 20 M Series B funding. Icon Ventures led the round.
California’s Jfrog raised USD 165 M in Series D round led by Insight Venture Partners and saw participation from Spark Capital and Geodesic Capital.
Customer Service startup Talkdesk raised USD 100 M led by hedge fund Viking Global Investors LP and VC firm DFJ. The SF based company’s valuation crossed the USD 100 B mark after the funding.
AI platform HEED landed USD 35 M in investments from the Japanese giant Softbank Group International.
New York-based Cover closed a USD 16 M Series B round. The mobile insurance startup saw participation from Tribe Capital, Y Combinator, and Social Capital among others.
