AAA November 2016

Month: November 2016

Operative Media’s acquisition is a go

Financial services firm Orix USA on Tuesday exited US-based digital advertising management platform Operative Media following the startup’s acquisition by TV advertising management technology developer SintecMedia. Terms of the acquisition have not been revealed by either party. Lorne Brown, founder and chief executive of Operative Media, will become president of SintecMedia following the transaction. Founded… Continue reading Operative Media’s acquisition is a go

Finagraph engineers $5m round

Credit ratings agency Moody’s led a $5m funding round yesterday for Finagraph, a US-based financial data collection and business intelligence services provider. Other investors have not been named. Moody’s previously made  an investment of undisclosed size in Finagraph in February 2016. Finagraph, established in 2011, has developed technology to automate the collection of financial data.… Continue reading Finagraph engineers $5m round

AvidXchange accounts for $18m investment

Fifth Third Capital, the investment arm of diversified financial services firm Fifth Third Bancorp, led an $18m funding round for US-based fintech developer AvidXchange on Monday. The round also featured financial sector-focused investment firm Pivot Investment Partners. AvidXchange has developed an automated invoicing and payment processing platform aimed at sectors such as real estate, financial… Continue reading AvidXchange accounts for $18m investment

BioWink solves $20m series B clue

Germany-based women’s health app developer BioWink raised $20m in series B funding today from a consortium led by Nokia Growth Partners, the investment arm of technology company Nokia, according to TechCrunch. Union Square Ventures, Mosaic Ventures, Giving Wings and assorted angel investors also supplied funds. Established in 2013, BioWink has created a smartphone app dubbed… Continue reading BioWink solves $20m series B clue

Hyphenate underlines $13.5m round

US-based mobile instant messaging cloud platform Hyphenate, backed by SIG China, a local subsidiary of technology and trading firm Susquehanna International Group, obtained $13.5m funding yesterday. The round was led by venture capital firm Matrix Partners China. Other investors have not been named. Hyphenate operates a cloud platform that enables app developers to embed instant… Continue reading Hyphenate underlines $13.5m round

Unidas shifts into IPO mode

Brazil-based car rental firm Unidas on Monday filed for an initial public offering in São Paulo, aiming for up to $195m in proceeds and providing an exit to car rental provider Enterprise Holdings. Unidas has not yet revealed a date for the flotation or priced its shares for the offering. The announcement comes just one… Continue reading Unidas shifts into IPO mode

Deutsche Börse pulls out its purse for Figo series B

Germany-based fintech platform Figo has secured €6.8m ($7.2m) in a series B round featuring DB1 Ventures, the corporate venturing arm of securities exchange provider Deutsche Börse. DB1 Ventures said it is paying a “seven-digit amount for a significant minority stake”. The investment firm will also serve as a strategic partner, providing Figo with greater visibility… Continue reading Deutsche Börse pulls out its purse for Figo series B

Alibaba has Hehe Pictures smiling

Alibaba Pictures, the movie subsidiary of e-commerce giant Alibaba, has acquired a 30% in China-based film investment firm Hehe Pictures, China Money Network reported yesterday. Financial details of the transaction have not been disclosed. Alibaba Pictures will become the second largest shareholder in Hehe following the closure of the deal. Incorporated in 2013, Hehe Pictures… Continue reading Alibaba has Hehe Pictures smiling