The crowdfunding site is set to form the fund as it puts together a significant funding round.
Month: May 2014
Agile IPO fails to stretch beyond $55m
The hormonal patch producer, backed by Kaiser Permanente, floated below the $69m it had targeted.
HealthEngine revs up for new funding
The online health directory is looking to follow up a $9.6m round from Telstra and Seven West Media last year with up to $9.2m of new capital.
SIG China hears potential in Ximalaya
SIG China is among the investors in the audio streaming service’s $11.5m series A round.
Lysogene to grow after Novo Seeds investment
The Novo subsidiary has invested in a $22.5m round for the biotechnology company that also featured Sofinnova Partners and InnoBio.
Indosat and Softbank launch $50M Indonesian fund
The SB ISAT fund, backed by the Indonesian and Japanese telecommunications firms,will invest in e-commerce, fintech and digital media businesses.
Google reaches for Skybox
Satellite image provider Skybox Imaging is set to the subject of an acquisition by Google, which would provide an exit to the Wells Fargo-backed Norwest Venture Partners.
Google Ventures sizes up London for European base
The corporate venturing unit could set up its first office outside of the US by the end of this year, according to a press report.
Xunlei targets $100m as it gives IPO another go
Three years after it withdrew from its previous IPO plans, the digital content supplier, backed by Xiaomi, IDG, Kingsoft and Google, has refiled for a $100m offering.
Kakao to acquire internet portal Daum
The Tencent and CyberAgent-backed online messaging service will acquire Daum in a reverse takeover that will value Kakao at about $3bn.
One97 earmarks $26m for acquisitions
The mobile internet company will seek to enhance its mobile e-commerce platform through the investment.
Smartling translates potential into funding
IDG has made its third investment in the translation services company, which has now raised more than $63m since it was founded.
Flipkart raises $210m after closing Myntra acquisition
DST Global led the round, which could reportedly rise to $500m, after Flipkart closed the $300m purchase of fashion-based e-commerce company Myntra.
JD.com directs almost $1.8bn from IPO
The direct selling company has raised $1.78bn from its initial public offering, giving shareholder DST a $64m return.