The design-led e-commerce company, backed by investors including Tencent, Itochu and NTT Docomo, could be sold for as little as $100m, just a year after being valued at $1bn.
Month: August 2014
Tencent to form investment venture with Hillhouse
Tencent and equities investor Hillhouse Capital Management are set to form a joint investment venture, according to Chinese media reports.
FoodPanda chews on $60m
The Rocket Internet-backed online food marketplace has now raised $108m since it was founded in 2012 and has entered the market in 40 countries.
Buzzfeed adds new name to investor list
Online media company Buzzfeed, which is backed by Softbank and Hearst, has secured a $50m investment from Andreessen Horowitz.
Naspers-backed Movile secures $55m
Mobile commerce platform Movile has raised $55m in a series D round that will fund the growth of its mobile app portfolio.
ViaCyte sweetens pot with share sale
Johnson & Johnson-backed ViaCyte raised $5.4m through a sale of series C-1 preferred stock, with proceeds to fund development of its diabetes treatment.
KDDI learns of Edmodo’s promise
Edmodo has raised $30m in series D funding from investors including KDDI’s Open Innovation Fund for its social network for teachers and education app marketplace.
SmartNews travels fast with $36m series B
Trending news app SmartNews has now raised $40m in total after receiving $36m in a Gree-backed series B round.
Gaule’s Question Time: Corporates meeting European capital needs
In our series of interviews with leaders in innovation and venturing, and the second in August, Andrew Gaule, talks to Gerald Brady, head of UK relationship banking at Silicon Valley Bank, about his move from Silicon Valley, and perspectives in UK and Europe.
JustPark expands relationship with investor BMW
The UK-based parking app has secured an undisclosed sum from venture firm Index Ventures as it struck a deal with seed investor BMW to roll out its technology.
MoveInSync maps out development with $4m
The employee transportation startup has secured funding from backers including the corporate venture capital arm of Qualcomm.
The Big Deal: Airbnb checks in to $10bn club
The room listings marketplace secured $475m at a $10bn valuation, showing once again the extraordinary growth potential for companies willing to disrupt existing industries.
Pivot3 keeps turning with $12m series E
Pivot3, which is backed by Samsung Ventures, has raised $12m in a series E, led by S3 Ventures, bringing the total raised by the virtualisation company to $110m.
Yuehua entertains corporates for $48.9m series B
The film and music producer has secured $48.9m in series B funding in a round supported by several China-based media companies.