One97 Communications, which is backed by Alibaba and Intel, plans to raise the funding to support the spinning out of its Paytm subsidiary.
Month: February 2016
Kingsoft Cloud floats to $60m
Kingsoft and IDG both returned for a series C round for the cloud storage provider, which is also backed by Xiaomi, and which has now raised more than $146m overall.
Silk smooths out series A with $6m
Skincare brand Silk Therapeutics has secured $6m in a series A round featuring Lear Corporation and existing investor Kraft Group.
EpiBiome executes $6m series A
EpiBiome, a past winner of Johnson & Johnson’s JLabs QuickFire Challenge, has raised $6m in an Alexandria Real Estate Equities-backed round
Crowdynews gets social for $7m series A
The social media curation platform has received additional funding from Inkef Capital to boost its Singapore Press Holdings-backed series A round to $7m.
Yumanity to evolve with $45m
Biogen and Sanofi are among the investors in a series A round closed by Yumanity Therapeutics, which plans to now advance its neurological disease treatment platforms.
One Medical gets a Rise out of GV
GV, formerly known as Google Ventures, has exited health coaching app Rise, acquired for $20m by One Medical after a $2.3m seed round.
NPO Saturn orbits startups
The aircraft engine manufacturer is set to invest further in startups, after forming an accelerator last year.
Iron.io straightens out $11.5m series A
Sapphire Ventures invested $3.5m in a round that took the job processing company’s total funding to more than $17m.
Alphabet steers $15m CarDekho round
Google Capital has co-led a $15m funding round for the car marketplace, after having been rumoured in December 2015 to be in talks for a $30m round.
Sunverge powers up $36.5m series C
Intelligent energy storage system producer Sunverge Energy has added Australian utility AGL to an investor base already containing Siemens and Total.
Xignite sparks $20.5m series C
Nikkei subsidiary Quick Corporation led the round and will assist financial data services provider Xignite with its expansion efforts in Asia.
Genentech offers startups a chance for $50,000 Quest
The Quest Award will involve entrepreneurs competing for the chance to develop technology that can help combat cervical cancer.
StayNTouch books in corporates for $9.5m series A
Concur and Shiji Group have helped the hotel property management system developer complete a series A round that will support Asian expansion.