The internet news site, which now counts more than 22 million monthly users, reportedly raised the funding from an undisclosed media company.
Month: April 2015
Secret to shut down and return money to investors
The Google-backed anonymous social network is set to close after securing 15 million users, $35m of venture funding and a valuation of more than $100m.
Circle shapes $50m series C
IDG Capital and Goldman Sachs co-led the payment technology developer’s series C round, raised as it prepares to expand into China with IDG’s help.
Ninox sleeps easy with $10m
Israel-based medical device company Ninox Medical secured $10m yesterday in a series B round co-led by Mérieux Développement, the quasi-corporate venturing arm of holding company Institut Mérieux. Venture capital firm Pitango Venture Capital co-led the round, which also featured VC firm Xenia Venture Capital. Xenia previously invested NIS 2.5m ($650,000) in Ninox in 2012. Ninox… Continue reading Ninox sleeps easy with $10m
Ucpaas communicates with Legend for $16m series B
China-based cloud-based services provider Ucpaas has raised almost RMB 100m ($16m) in a series B round led by Legend Capital, the corporate venturing subsidiary of conglomerate Legend Holdings, China Money Network reported yesterday. Venture capital firm Chengwei Ventures also participated in the round. Ucpaas has not diclosed details concerning its series A funding. Launched in… Continue reading Ucpaas communicates with Legend for $16m series B
Clarifai search finds investors for $10m series A
Google, Qualcomm, and Nvidia all returned to invest in the deep learning technology company’s series A round, which will support the introduction of new features.
LVMH gets personal for $40m Lyst series C
LVMH-backed Groupe Arnault was among the investors in the personalised fashion e-commerce company’s series C round, increasing its total funding to $60m.
Biocartis diagnoses $111m IPO
Shareholder Johnson & Johnson bought stock in the molecular diagnostics technology provider as it floated in Brussels at a valuation of more than $500m.
Viking loots $24m in IPO
Ligand acquired a 37% share in the biopharmaceutical company, which is set to float on Nasdaq, issuing three million shares priced at $8.00 each.
Kodis leaves Sabic for portfolio company
Andrew Kodis, the managing director of Sabic’s corporate venturing unit, is leaving the company to take the reins as chief executive of Black Diamond Structures.
Babajob locates Seek for $10m
The classified employment listings platform has received $10m from Australia-based competitor Seek, following a $1.4m series A round three years ago.
Loop Commerce ties up PayPal for series B
The payment services company made its second investment in e-gifting company Loop Commerce, which secured $16m in its latest funding round.
Kaiser Permanente validates series B for Validic
Validic, the US-based provider of a cloud-based platform for patient data, secured $12.5m for a series B round led by Kaiser Permanente Ventures, the corporate venturing subsidiary of healthcare consortium Kaiser Permanente, yesterday. SJF Ventures and Greycroft Partners also participated in the round, according to the Wall Street Journal. The funding will be used to… Continue reading Kaiser Permanente validates series B for Validic
Xiaozhi receives $32m worth of good news
The news aggregation app provider raised the cash from investors including entertainment and media company Enlight.