The Alibaba-backed social networking app could eventually raise up to $267m when it floats in the US, and will spend $100m of the proceeds on sales and marketing.
Month: December 2014
Lending Club to get bigger with $671m IPO
The Google and Wells Fargo-backed peer-to-peer lending marketplace has set the range for its initial public offering.
Adjust analyses $7.6m series C
Adjust has secured investment from backers including existing investors Iris Capital and Capnamic Ventures, lifting its total funding to more than $12m.
Naspers goes shopping in Nigeria
Nigeria-based e-commerce portal Konga has secured up to $50m in a series C round led by internet company Naspers.
SR Technics gives Armac wings
Armac Systems, an Ireland-based aerospace inventory planning and optimisation software developer, has secured an undisclosed amount from SR Technics, a provider of technical services for civil aviation, according to TTN. SR Technics is a wholly-owned subsidiary of Mubadala Development Company, the investment vehicle of the Abu Dhabi government. SR Technics and Armac will strengthen their… Continue reading SR Technics gives Armac wings
Globant goes public in $58m IPO
WPP-backed Globant has become the first Latin America-based company to float on the New York Stock Exchange in an initial public offering that valued it at $400m.
Air Liquide-backed Aliad funds three companies
Air Liquide has acquired stakes in France-based energy technology companies through its Aliac investment subsidiary.
Safaricom launches $1m Kenya-based fund
The mobile network operator will invest between $75,000 and $250,000 at a time and will target mobile internet startups.
Man in the news: Trice on ag-tech move
Rob Trice, who has left Swisscom Ventures, says he will continue working with the networking organisation for corporate innovators he set up, Corporate Innovators Huddle and its advisory board, which is run as a non-profit.
The VC interview: Brad Feld, Foundry Group
Brad Feld, a managing director of venture capital firm Foundry Group, talks to Global Corporate Venturing about his thoughts on corporate venturing, the cycle, how entrepreneurs should interact with corporates, and accelerators.
EWBM senses potential in DAI
Smart sensor maker Dual Aperture International has secured $5.7m from backers including strategic partner EWBM.
Narrative Science adds $10m to story
Narrative Science, which is developing technology to create narratives from data, has increased its total funding to $32m after raising $10m from investors including SAP.