Fosun Group and Tal Education provided the funding for the educational software developer, which has reportedly now raised $27m in total.
Month: April 2016
Asahi Shimbun goes native with Somewrite acquisition
Gree’s corporate venturing unit will exit native advertising technology developer Somewrite, 18 months after taking part in its $1.1m seed round.
Qorvo reaches GreenPeak to give Bosch an exit
Robert Bosch is set to exit RF technology company GreenPeak, which also counted Motorola Venture Capital as an investor, in an acquisition by Qorvo.
Oracle draws up $50m Crosswise acquisition
Nielsen-backed VC firm Pereg Ventures is set to exit device data provider Crosswise in a $50m deal, eight months after leading its $3m series A round.
UTour books a visit to Yaochufa’s $85m series D
Short-haul travel specialist Yaochufa will use the funding, and a partnership with UTour, to expand the range of destinations it offers its Chinese customers.
Cabify picks up Rakuten for $120m round
Rakuten led Cabify’s series C round having already led its $12m series B, and the ride booking platform will use the funding for further expansion in Latin America.
Baidu Video pops up with $155m
Shanghai New Culture Media has led a funding round for a Baidu spinout that will focus on original video content, while game developer Dalian Zeus has invested approximately $39m.
Ninja Van revs up with $30m
The last-mile delivery service will use the proceeds from the Yahoo Japan-backed round to grow its customer service capabilities and expand further into Southeast Asia.
Jolata monitors corporates for $7m
Ericsson and Spirent Communications joined founding investor Ata Ventures for the second funding round to be closed by the network monitoring software provider.
Transactis sends banks $30m series E invoice
Electronic billing software producer Transactis increased its total funding to $70m, securing $30m from five banks, each of which contributed $6m.
Shuddle comes back down to earth
The Comcast-backed, child-focused ride hailing service has shut down after failing to find investors willing to provide more funding.
GE explores RigUp in $15m series A
Oilfield services marketplace RigUp has secured General Electric as an investor in a round that took its overall funding to $18m.
Onfido exhibits credentials in $25m round
Allianz spinout Idinvest contributed to a series B round that will help the UK-based background checking service expand in the US.
CincyTech receives healthy interest for fourth fund
CincyTech, a US-based venture development organisation focusing on digital and life science technology companies, closed a $30.8m fund on Friday backed by two healthcare providers. Cincinnati Children’s Hospital Medical Center and UC Health were joined in the $20.8m equity portion of the fund by LPs including professional services firm Castellini Management Company, financial services provider… Continue reading CincyTech receives healthy interest for fourth fund