Jumia, which claims to be Africa’s largest e-commerce company, is now worth $555m after closing a MTN, Millicom and Rocket Internet-backed series C round.
Month: November 2014
Swire Pacific to increase investments in green technologies
The conglomerate aims to double the number of cleantech businesses in its corporate venturing portfolio to six by the end of next year.
Corporates orbit Pluto for $13m series A
The online video platform raised the cash in a round backed by Sky and UTA a month after Sky invested $500,000 for its seed round.
DNA printing company Cambrian raises $10m
Cambrian Genomics, which raised seed funding from corporate-backed Alchemist Accelerator, has raised $10m from 127 backers.
Rakuten pays $10m to reach into PocketMath
Rakuten has formed a strategic partnership with the mobile advertising platform, becoming its first external investor in the process.
AI developer Kensho raises $15m
The Google-backed artificial intelligence technology company has raised $15m in a round led by Goldman Sachs, which has become its largest investor.
Amazon explores $1.2bn Jabong acquisition
Amazon is in talks with Rocket Internet-backed Jabong over an acquisition that would value it at between $1.1bn and $1.2bn.
Flipkart leaps to $10bn valuation
Existing backer Naspers invested $50m to $100m in the company’s latest round, which raised up to $600m – its third nine-figure round this year.
Samsung joins DocuSign series E
DocuSign, which had raised $115m for its series E as of last month, secured Samsung as a backer alongside BBVA and the Singaporean government.
Hebbelynck takes over corporate venturing at Proximus
Proximus has promoted Vincent Hebbelynck, who has worked for the telecommunications company since 2000, to oversee its incubation and venture capital activities.
HunterOn captures $20m for series B
IDG reinvested in the online recruitment company, as it took its funding to $30m in just over six months.
Fab.com begins acquisition talks with PCH
The design-led e-commerce company, backed by a host of corporates, could reportedly be sold for as little as $15m after closing a $150m round only last year.
Aereo goes off the air for good
IAC-backed television streaming service Aereo has filed for bankruptcy after its service was ruled to be illegal.
HTGF funds two more
The corporate-backed fund provided seed financing for delivery service Lockbox and joined liver damage testing company Humedics’ series C round.