Alibaba’s financial services affiliate will own a 60.8% stake in finance information company Shumi, also backed by Hundsun, through the deal.
Month: November 2015
NutriLeads finds right ingredients for seed round
DSM and corporate-backed venture fund Shift Invest contributed to a seed round that will help the nutritional ingredient developer initiate clinical testing for its first product.
Square and its Silicon Valley problems
The mood in the air is definitely one to be wary of, especially for those playing at a later stage in venture capital. Yet worth examining if it really makes sense to call the Square initial public offering “a disappointment”.
Samsung gains Sentiance for portfolio
Mobile analytics technology developer Sentiance has secured $5.2m in a series A round led by Samsung’s $100m Catalyst Fund.
Cogito engages Salesforce for $5.5m series A
Cogito, which is developing analytics technology for customer service representatives, will use the funding to scale its sales, marketing and customer success teams.
Deutsche Telekom calls on Numecent for $15.5m round
Cloud services company Numecent has now raised $38m in total, after raising $15.5m in series B capital, $4.5m of which was put up by Deutsche Telekom.
GeoPost delivers $23.5m to Stuart
Stuart secured the capital in a series A round led by the La Poste subsidiary as it prepares to launch its rapid logistics service in five European cities.
Mas dresses $35m series C round for Athos
The smart apparel developer has now raised more than $51m altogether, securing funding from backers including apparel producer Mas Holdings.
TutorGroup graduates to $200m series C
The language learning platform, backed by Alibaba and CyberAgent, raised the money at a $1bn valuation and intends to expand into other on-demand services.
Alibaba puts $436m into Asian startup funds
The $307m Taiwan Entrepreneurs Fund and $129m Entrepreneurs Fund for Hong Kong will invest in companies leveraging its technology ecosystem to develop products.
Square raises $243m in downpriced IPO
The Visa and Starbucks-backed payment technology provider priced its shares at $9, a good deal below the $11 to $13 range set earlier this month.
Face++ idenitifies investors for $25m
The facial recognition technology producer, backed by Legend Holdings at angel-stage, increased its series B round to $47m with an extra $25m.
AIA and Konica Minolta combine for digital health accelerator
Konica Minolta Digital Health Accelerator will fund Singapore-based startups operating in the digital health technology space.
Ticketing platform Weiying closes $235m series C
Weiying followed a $105m series B round in May with a Tencent and Wanda Group-backed round that values it at over $1.5bn.