Owtware, already a portfolio company of SIG China, has added Zhongnan Holdings to its shareholders.
Month: September 2016
Investors find AI Nemo
Sinovation Ventures, a VC firm backed by Foxconn, has taken part in a series B+ round for AI Nemo, which simultaneously revealed it previously obtained $30m.
NS1 directs $20m to series B
Deutsche Telekom Capital Partners has led a series B round for internet traffic management provider NS1.
ReadCoor visualises $23m series A
The gene sequencing technology developer has been spun out of Harvard University with $23m in series A capital provided by investors including Eli Lilly.
ServiceNow accounts for corporate venturing
ServiceNow has set up an investment division dubbed ServiceNow Ventures and launched a competition to award a total of $500,000 to startups.
Spotify serenades SoundCloud
Spotify is in advanced talks to acquire SoundCloud, which was reported to be talking to Twitter about a sale until the social media company withdrew from negotiations in 2014.
Baidu takes $60m fund to the east
Baidu has made a lead investment in Easterly Ventures, following news earlier this month that the internet company is also launching a $200m corporate venturing arm and a $150m media-focused fund.
Tink Labs picks up $125m
FIH Mobile, a subsidiary of Foxconn, has returned to back a $125m funding round for Tink Labs, which places mobile phones in hotel rooms to help visitors avoid roaming charges.
Eli Lilly breaches Fortis in $18m series A
The pharmaceutical company’s Lilly Asia Ventures unit was among the investors for the first round closed by the immuno-oncology startup.
One97 comes to the rescue as EduKart crashes
AKM Systems-backed online education marketplace EduKart has been acqui-hired by One97 Communications, after raising $2m in VC funding since 2011.
Didi Chuxing enters Ofo’s funding cycle
Bicycle sharing service Ofo has received an eight-figure dollar amount of funding from Didi Chuxing as part of a strategic collaboration agreement.
LinkedCare sinks its teeth into $10m
Fosun and DXY have co-led series A and A+ rounds for LinkedCare, which operates a cloud-based platform for dentists and patients.
ProsperWorks thrives with $24m series B
Bloomberg-backed CRM software developer ProsperWorks has boosted its total funding to $34m and is now looking to expand internationally.
Panda TV chews on $54m
Live video streaming service Panda TV has received $54m in a LeCloud-led series A round that valued it at $360m.