By October 7, 2018

London Based Startup Huel, Selling Powder Food Secures USD 23 Mn, Indonesian Startup Moka Acquires Indian GetFocus And More

By October 7, 2018

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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.

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. 

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