Flipkart and IDG Ventures-backed property rental platform NestAway is seeking between $30m and $50m for its next funding round as it aims for more growth.
Month: April 2016
CrownPeak tops off ActiveStandards merger with $50m
AIG-backed customer support provider CrownPeak has secured $50m in series D capital to support a relaunch after its merger with ActiveStandards.
Corporates scale Monk’s Hill to $85m
Singapore-based venture capital firm Monk’s Hill Ventures has closed its first fund at $85m, securing networking equipment manufacturer Cisco, telecommunications firm Telstra and internet company Yahoo Japan as limited partners, DealStreetAsia reported yesterday. The fund, which closed above the firm’s initial target of $80m, has also been backed by Singapore’s sovereign wealth fund Temasek. Monk’s… Continue reading Corporates scale Monk’s Hill to $85m
Verdigris measures out $9m
The energy monitoring company has revealed a $9m series A round closed in December 2015 that included $3.5m in convertible seed financing.
Shell experiments with Growing Energy Labs investment
Shell’s corporate venturing subsidiary has invested in energy management software company Growing Energy Labs as part of a round sized at $8.4m according to an SEC filing.
Samsung lights up $13.5m Kyulux series A
Samsung led the OLED display technology developer’s series A round through its corporate venturing subsidiary, while LG, Japan Display and JOLED also participated.
Aeglea comes of age with $50m IPO
Aeglea Biotherapeutics, which is developing amino acid-targeted cancer and metabolic disease treatments, had raised $53.5m in VC funding from investors including Novartis and Eli Lilly.
LiveSafe treasures Smith investment
FedEx CEO Frederick Smith has invested $5.25m in LiveSafe only a few months after the mobile safety communications app raised $4m from IAC and Hearst.
Qihoo 360 enters Holaverse in $70m round
Holaverse’s apps have been downloaded 460 million times and the China-based company plans to use the funding to expand internationally.
Future Group adorns itself with FabFurnish
Rocket Internet had been in talks with Future Group to sell off homeware marketplace FabFurnish since February and has now closed the deal for up to $3m.
Intercom reconnects with investors for $50m
The Digital Garage-backed communications platform closed an initial $35m in series C funding in August 2015, and has now added $50m in a C1 round.
Lianjia opens doors to corporates in $927m round
Tencent and Baidu were among the investors in a series B round that will help the real estate services company, valued at $6.2bn, beef up its online presence.
Times Internet provides $11m of assistance to Haptik
Personal assistant app developer Haptik has received $11.2m of series B funding from Times Internet, which will also look to help it expand in India.
Darwish comes true for Wells Fargo
Basil Darwish has left Citi Ventures, after five years in senior vice-president roles, for Wells Fargo where he will act as director of strategic investments.