Danish Startup Spektral Gets Acquired By Apple, Finnish Startup Varjo Raises USD 31 Mn In Series B And More..
Here is the snapshot of last week’s biggest news from the startup ecosystem from around the globe [ 08-12 October 2018]
EUROPE
Apple acquired Danish visual effects startup Spektral for USD 30 M. The deal was closed at the 2017 but disclosed only now.
Fashion chain H&M acquired stake worth USD 20 Mn in Sweden based fintech startup Klarna’s. This is close to 1% stake in the Swedish company.
Finland based Varjo, a reality tech startup, announced USD 31 M Series B round led by Atomico, and participation from Next47, EQT Ventures, and Lifeline Ventures.
Swedish startup Artificial Solutions landed USD 15.7 M. This will be used to develop its Teneo platform further.
CRM platform Pipedrive secured additional USD 10 M Series C funding, which brings the round total to USD 60 M. The funds were raised from Deutsche Telekom Capital Partners (DTCP).
USA
Allbirds, a sneaker startup, entered the unicorn club with fresh USD 50 M Series C funding from Fidelity Investments and Tiger Global Management.
Berkeley based baby food startup Once Upon a Farm closed USD 20 M Series B round led by CAVU Venture Partners.
San Francisco based Netlify secured USD 30 M Series B funding led by Kleiner Perkins with participation from Andreessen Horowitz, Slack and Flickr cofounder Stewart Butterfield.
AllTrails, a startup for hiking enthusiasts saw USD 75 M investment. This was the company’s first fundraising round and the control has been acquired by Spectrum Equity.
San Diego based e-commerce and payment solutions startup Zebit Inc. raised a USD 75 M debt. Route 66 Ventures was the lead investor.
ASIA
TabSquare, a Singapore-based provider of AI-powered in-restaurant solutions, today announced it has raised USD 7.2 M in series B financing led by Japanese comparison shopping website operator Kakaku.com.
Singapore based HealthX Capital has launched a USD 25 M healthcare focused early stage fund. It would be investing in Pre-series A funds and series A startups in Southeast Asia and South Asia, with check sizes ranging from USD 500K to 3 M.
Indonesia’s ecommerce furniture and home appliances startup Dekoruma has raised series B funding of “several million dollars.” The investment was led by Global Digital Niaga and AddVentures.
Shanghai and Kuala Lumpur-based venture capital firm Gobi Partners has teamedup with Core Capital, a new Philippine-based VC firm, to launch a USD 10-million fund that seeks to support seed-stage and pre-Series A startups in the Philippines.
Indonesian coworking startup GoWork has landed USD 10 Mn in a series A round of funding. The new capital is led by VC firm Gobi Partners and The Paradise Group.
Singapore-based mixed martial arts promoter One Championship has raisedtotal capital of USD 100 M following new deals with two major investors. The round was led by Sequoia Capital.
India’s foodtech giant Zomato has signed an agreement to raise a USD 210 Mn from Alibaba’s payment afiiliate Alipay Singapore.
Online logistics marketplace BlackBuck has picked up USD 23 Mn, in a venture debt funding from Innov Capital. This has come within six months of raising USD 70 M in a Series C round.
