CoverHound, a US-based provider of an insurance price comparison platform, raised a $33.3m series C round yesterday led by insurance company Ace Group. American Family Ventures, the venture capital arm of insurance provider American Family Insurance, as well as VC firms RRE Ventures, Blumberg Capital, Core Innovation Capital and Route 66 Ventures returned for the… Continue reading CoverHound pursues $33.3m series C
Month: September 2015
Daraz fashions $56m series A
Apacig has backed a first funding round for the e-commerce portal focused on Bangladesh, Myanmar and Pakistan.
Deezer composes IPO plans
ProSiebenSat.1 and Access Industries-backed music streaming service Deezer is set to float on the Paris stock exchange by the end of the year.
Hony homes in on $2bn fund
Hony Capital, an investment vehicle of conglomerate Legend Holdings, hopes to raise a $2bn fund targeting companies in China, Hong Kong, Macau and Taiwan, China Money Network reported today. Hony Capital Fund VIII is expected to have a $1bn pool denominated in US dollars, with the remaining $1bn in renminbi. Legend launched Hony Capital in… Continue reading Hony homes in on $2bn fund
Microsoft selects startups for scale-up programme
Microsoft is set to support ten companies in India as they navigate their growth phase through its scale-up programme.
Toney joins Google Ventures
Laurence ‘Lo’ Toney has moved to Google Ventures from his partner role at Comcast Ventures.
Inventure accounts for $10m series A
Google backs micro-loan provider Inventure that uses mobile technology to generate credit scores and provide access to micro-loans.
Teambition reaches $12m series B
China-based collaboration tool producer Teambition has closed a $12m series B round featuring Microsoft Ventures, the accelerator programme of software company Microsoft, China Money Network reported today. The round was led by Northern Light Venture Capital and also included IDG Capital Partners, the local investment affiliate of media and technology research firm International Data Group,… Continue reading Teambition reaches $12m series B
Corporate-backed Iris recommends $16m to iAdvize
France-based customer support technology provider iAdvize has raised a €14m ($16m) series A round featuring Iris Capital, a venture capital firm backed by telecoms firm Orange and advertising agency Publicis, TechCrunch reported today. State-backed fund Bpifrance and VC firm Alven Capital also contributed funds. Founded in 2010, iAdvize operates a live chat service for websites.… Continue reading Corporate-backed Iris recommends $16m to iAdvize
Rocket Internet explores Jabong exit
Jabong is valued at $500m to $800m for the talks, after it was previously reported to be in talks with Amazon for a deal worth $1.2bn.
Investors distribute $110m series D to Cloudflare
US-based content distribution network provider Cloudflare has raised a $110m series D round led by financial services firm Fidelity Research and Management. Google Capital, the growth equity fund of internet company Google; Qualcomm Ventures, the corporate venturing unit of wireless technology producer Qualcomm; software company Microsoft; and search engine operator Baidu participated in the round.… Continue reading Investors distribute $110m series D to Cloudflare
Modernizing Medicine upgrades to $38m series E
Modernizing Medicine, a US-based electronic medical records technology provider, closed a $38m series E round yesterday backed by brand management firm Pentland. Summit Partners and Sands Capital Ventures also contributed funds. Launched in 2010, Modernizing Medicine has developed a specialty-specific electronic medical records service dubbed Electronic Medical Assistant. The company also offers billing, revenue and… Continue reading Modernizing Medicine upgrades to $38m series E
PPZuche rides $50m series C
In November 2014, IDG Capital Partners co-led a $60m series B for the peer-to-peer car lending platform.
Disney co-leads $65m funding Jaunt
Walt Disney, corporate-backed Evolution Media Partners and China Media Capital have co-led a series C that also featured a range of other corporate investors.