US-based KeepTruckin, which provides logbook technology for truck drivers, secured $8m in series A capital yesterday from investors including Google Ventures, the corporate venturing arm of conglomerate Alphabet. Venture capital firm Index Ventures also participated in the round, which followed a $2.3m seed round in 2013 backed by Google Ventures and various angel investors. Founded… Continue reading KeepTruckin hauls in $8m
Month: October 2015
Capitol Health scans Enlitic for $10m
Enlitic, which uses machine learning to improve healthcare diagnostics, will work with new investor Capitol Health to expand into Asia and Australia.
Corporates join Digital Currency Group
Mastercard and New York Life are among the investors on board DCG, which aims to build the largest portfolio of digital currency companies in the world.
Nisaba to support African agribusiness with $50m fund
Louis Dreyfus Holding has committed $10m to Nisaba, also backed by private equity firm Bamboo Finance, which will fund agribusinesses in sub-Saharan Africa.
9Now greets Dianping and Baidu for $79m booking
9Now, the developer of a mobile app that organises restaurant bookings, secured series C funding following a $20m round last year.
MyoKardia secures $54m in downpriced IPO
The cardiovascular drug developer, which had raised $94m from investors including Sanofi, priced its initial public offering considerably below the range set last week.
Alteryx figures out $85m series C
SAP-backed data analytics provider Alteryx has boosted its total funding to $163m in a round co-led by Iconiq Capital and Insight Venture Partners.
Deutsche Telekom transfers CVC activities to new unit
The $395m Deutsche Telekom Strategic Investments unit will take over the activity of the company’s T-Venture and Telekom Innovation Pool subsidiaries.
BDMI alumni go to Join Capital
Jan Borgstädt, formerly a vice president of corporate venturing unit Bertelsmann Digital Media Investments (BDMI), has co-founded a venture capital firm called Join Capital with another BDMI alumnus, Tobias Schirmer. Borgstädt joined BDMI in 2007 as principal before taking a position as head of European ventures in 2011, eventually leaving the unit in September 2014.… Continue reading BDMI alumni go to Join Capital
Deezer stops IPO music
The France-based streaming platform, backed by Access Industries and Orange, has cancelled an IPO that was expected to generate more than $330m in proceeds.
Times Group parks itself in Girnar
Times Group has taken a stake in web services company Girnar as part of Girnar’s acquisition of Times-owned automotive marketplace Zigwheels.
HelloFresh looks to deliver $332m IPO
The meal delivery service, in which Rocket Internet holds a majority stake, has filed to go public in Germany, a month after raising money at a $3bn valuation.
Razorpay cuts to $9m series A
The payment processing service has boosted its funding only a week after raising a $2.5m seed round backed by GMO Venture Partners.
Orange and Publicis pledge $166m for new fund
The Franco-German focused IrisNext fund will be backed by $83m from each of Orange and Publicis, and aims to attract more corporates for its first close, in 2016.