The commercial vehicle hire service intends to use Business Growth Fund’s investment to almost triple the size of its fleet.
Month: June 2015
Holtzbrinck pays for entry to Founders Factory
The publishing company has invested an undisclosed sum in the newly formed accelerator and incubator, also transferring some of its educational assets.
Onefinestay completes $40m series D
The holiday room booking platform raised the cash in an $80m round, as competitor LoveHomeSwap received $11.8m in equity from Wyndham Hotels.
Zinka hauls in $6m for series A
Flipkart reportedly invested in the online logistics platform in order to support its own upcoming hyperlocal delivery service.
AllMobilize assembles investors for $10m series B
International Data Group-affiliated IDG Capital Partners made its second investment in the web development services provider as part of the round.
Espial tunes in to Bluestreak for acquisition
Bluestreak Technology had raised approximately $42m from investors including Iris Capital, the venture firm backed by Orange and Publicis.
Didi Kuaidi raises funding target to $2bn
The Weibo, Tencent and Alibaba-backed ride sharing company, the largest in China by market share, is set to raise the funding at a $15bn post-money valuation.
IDG helps ship $20m to OlymTech
IDG Capital Partners has contributed to series A funding for OlymTech, which provides IT services to the logistics industry.
Legend reveals $2bn Hong Kong IPO
The Ping An-backed holding company, which oversees three investment units, raised $1.96bn in an initial public offering that will fund strategic expansion.
Santiso gets on the line to new fund
Javier Santiso, the managing director of global affairs and new ventures at Spain-based telecommunications company Telefónica, is set to move on to form his own venture fund, NovoBrief reported on Friday. The news has not been officially confirmed yet, and Santiso’s LinkedIn profile still lists him as being in his current position at Telefónica. NovoBrief… Continue reading Santiso gets on the line to new fund
Corporate accelerators should look to entrepreneur staff
Lively panel discussion at the launch of Nesta’s new report on corporate/startup collaboration.
McCartney joins Whitespace Ventures
Andrew McCartney, part of Microsoft Ventures as one of its entrepreneurs in residence, has co-founded a fund called Whitespace that will support corporate spin-outs.
NantCell acquires VivaBioCell
NantCell, an immuno-oncology subsidiary of conglomerate NantWorks, has acquired biotechnology company VivaBioCell, providing Generali with an exit.
PayRange collects $12m in series A
PayRange, a US-based payments services provider backed by internet company Google’s corporate venturing unit Google Ventures, raised $12m on Thursday in a series A round led by venture capital firm Matrix Partners. The round also included Nyca Partners, the VC firm that backed PayRange’s $2.75m in August 2014 along with Google Ventures and angel investors… Continue reading PayRange collects $12m in series A