Bertelsmann has led a series A round for the peer-to-peer lending platform.
Month: November 2015
Toyota engineers $111m fund
Mirai Creation Investment, a collaboration between Toyota, Sumitomo Mitsui and Sparx, will invest in startups working on advanced automotive technologies.
Jet to take off with $500m series C
Alphabet and Wells Fargo-backed e-commerce company Jet is looking at a $500m funding round led by Fidelity.
Brooks moves centre stage, as ‘Silicon Valley icon’ Sodhani bows out
Wendell Brooks, the incoming head of Intel Capital, finally took on the reins at the world’s biggest venture capital firm, as he dubbed his predecessor, Arvind Sodhani, “a Silicon Valley icon”. The pair’s organisation Intel Capital hosted more than 1100 people in San Diego for its Intel Capital Global Summit this week, the group’s annual… Continue reading Brooks moves centre stage, as ‘Silicon Valley icon’ Sodhani bows out
Moovit progresses to more funding
The local transit information service previously obtained $50m from BMW, Keolis and Nokia and others in January 2015.
Pokkt pockets $5m
Singapore Telecommunications-backed Pokkt operates a mobile video advertising service in Southeast Asia and India.
Lumo runs towards $10m series B
Wuxi PharmaTech-backed Wuxi Healthcare Ventures has led a funding round for the wearables manufacturer.
Reaction Engines darts to $30.8m
BAE Systems has acquired a 20% stake in the company, which is working on an engine that would cut travel time from the UK to Australia to just four hours.
Corporates move into Mogoroom series B extension
The standardised flat rental platform has obtained a $30m extension from IDG, Ping An and others, adding to the $25m first tranche it secured last year.
RelayRides rebrands and steps up funding
The General Motors and Alphabet-backed car sharing service has renamed itself to Turo as it raised $47m to support an international expansion.
Tencent answers Zhihu’s series C question
China-based question-and-answer platform Zhihu has achieved a $55m close for a series C round led by internet company Tencent, China Money Network reported today. Tencent reportedly invested as a strategic investor, though further details have not been revealed. The round valued Zhihu at $300m. Founded in 2010, Zhihu operates a platform where users can ask… Continue reading Tencent answers Zhihu’s series C question
Revelstoke basks in $303m fund
The oversubscribed fund has been backed by a range of unnamed insurance companies.
Sodhani recalls time Intel’s Grove ‘threw me out’, as he retires
Arvind Sodhani, the outgoing head of Intel Capital, revealed the former CEO of Intel, Andy Grove, “threw me out of his office” when Sodhani first proposed the company should begin investing in start-ups. Sodhani, speaking in an emotional retirement appearance at Intel Capital’s annual Global Summit, after 34 years as a key figure at Intel,… Continue reading Sodhani recalls time Intel’s Grove ‘threw me out’, as he retires
Brooks says Intel Capital carry changes ‘probably bad timing’
Wendell Brooks, the incoming head of corporate venturing unit Intel Capital, said the move by the group to change its compensation from a carried interest-like structure to more bonus-based terms last year, “was probably bad timing.” Market sources have told Global Corporate Venturing the changes to compensation had been part of departees’ decision to leave,… Continue reading Brooks says Intel Capital carry changes ‘probably bad timing’