China-based gold trading service G-Banker has closed a RMB 107m ($17m) series B round co-led by telecoms firm SoftBank’s local corporate venturing unit, China Money Network reported today. SoftBank China Venture Capital co-led the round with real estate firm Evergrande Group. Three unnamed investment firms also invested in the round. Set up in December 2014,… Continue reading Softbank co-leads G-Banker’s $17m series B
Month: September 2015
Velocity acquires O’Reilly-backed Cover
O’Reilly Alphatech (OATV), the investment vehicle of media company O’Reilly Media, has exited US-based restaurant payments app Cover following an acquisition by hospitality service provider Velocity Mobile. The terms of the acquisition have not been revealed. It follows Velocity’s $16m series A round, announced at the same time. Cover has created a smartphone app for… Continue reading Velocity acquires O’Reilly-backed Cover
Atigeo ascends to $18.4m series B
The big data analytics platform has obtained cash from Ascension, alongside other unnamed new and existing investors.
ScribbleLive notes $26.3m investment
The round for digital content marketing firm ScribbleLive was led by OpenText Enterprise Fund and included Rogers, among others.
Blue Jeans slips into $76.5m
US-based video conferencing platform Blue Jeans Network closed a $76.5m series E round yesterday backed by Norwest Venture Partners, the venture capital firm managing funds on behalf of financial services firm Wells Fargo. The round was led by New Enterprise Associates (NEA), while Accel Partners, Battery Ventures, Glynn Capital, Quadrille Capital and angel investor Derek… Continue reading Blue Jeans slips into $76.5m
Zscaler adjusts $110m series B
US-based cybersecurity software developer Zscaler has closed an oversubscribed $110m series B round following a $25m extension provided by Google Capital, the growth equity arm of internet company Google, Reuters reported yesterday. Zscaler raised a first $85m tranche last month from data storage company EMC and Lightspeed Venture Partners. That portion was led by TPG… Continue reading Zscaler adjusts $110m series B
DJI to reach $500m heights
New China Life Insurance has committed funds to the consumer drone manufacturer at a $10bn valuation.
Uber China drives up latest round to $2.5bn
The subsidiary closed a $1bn round earlier this month backed by Baidu, but is now seeking another $1.5bn.
Quirky fate brings scrutiny to venturing
It is always difficult when a startup darling fails. The press cuttings which previously praised the company for innovation and rule-breaking using venture capital are equally prominent criticising naïve management and spiralling costs. Such is the case with much-feted community invention company Quirky, which filed for Chapter 11 last week. The business had been backed… Continue reading Quirky fate brings scrutiny to venturing
MacTough moves to Liberty Mutual Insurance
The ex-Silicon Valley Bank director joins Liberty Mutual Insurance in its mergers and acquisitions and venture investments division.
CPAC Systems recruits Premla Krishnan
Premla Krishnan has moved from Volvo Group Venture Capital to CPAC Systems to fulfil her three-year dream of working for the system integration company.
Quirky shuts down
Quirky has filed for bankruptcy two years after its last funding round which featured GE.
Arrayent secures $11m series C
US-based internet of things technology producer Arrayent received $11m in series C funding yesterday from investors including Intel Capital, the corporate venturing arm of semiconductor maker Intel. Financial services provider Comerica Bank, as well as DCM Ventures, Opus Capital and assorted angel investors also contributed funds. Founded in 2007, Arrayent’s cloud-based technology enables products to… Continue reading Arrayent secures $11m series C
Zapak picks up $15m
Lead Eastern Group is set to acquire a 10% stake as part of a collaboration agreement.