The Chinese instalment buying platform is seeking between $500m and $800m in a US IPO that will provide exits to Kunlun Tech and Ant Financial.
Month: November 2016
Snap’s IPO plans confirmed
The Snapchat operator has confidentially filed for an initial public offering that will allow Alibaba, Tencent and Yahoo to exit, and it will be valued at between $20bn and $25bn.
Vitagene subscribes to $5.5m
The Illumina-backed health supplement subcription service will use the capital to boost hiring and develop customised engagement programs for its subscribers.
AGL Energy powers its way into EIP’s Nexus
Energy utility AGL Energy joined US-based private equity firm Energy Impact Partners (EIP)’s strategic partner network, Nexus, yesterday and is investing an undisclosed sum in the firm’s first fund. Founded in 2015, EIP invests in companies developing technology to optimise energy consumption and boost energy generation from sustainable sources. The firm takes a collaborative strategic… Continue reading AGL Energy powers its way into EIP’s Nexus
Axis Corporate Edition 2016
Join the 3rd annual Axis Corporate Edition – the only event in Israel focused exclusively on Israel’s most innovative startups and corporate investors.
GCV Automotive 2016 – London
Join leading innovators, technologists, start-ups, and corporate and financial venture capitalists, to discuss and discover the best investment opportunities in mobility, transport and automotive technology.
Hickies ties up $10m
The modular shoelace developer received the funding from backers including Sforza, the owner of new strategic partners Topper Brazil and Rainha, and a footwear brand that is most likely Adidas.
GCV Symposium 2017 – London
Join 400+ business leaders from the corporate venturing and wider high growth business ecosystem for the two-day 2017 GCV Symposium.
XAd finds space for series E funding
Location intelligence software provider XAd, backed by SoftBank at earlier stages, has raised $42.5m from Eminence Capital, Emergence Capital, W Capital and IVP.
Sberbank targets $250m for second VC fund
The Russia-based bank invested in companies including Uber and eToro from the $100m first fund and is seeking between $200m and $250m for the second.
GE takes $915m to the ServiceMax
Salesforce, PTC and General Electric’s own GE Ventures unit exited the field service management software provider, which will be purchased by GE Digital after raising $205m.
Yottaa performs $13m funding round
The Intel Capital-backed web content monitoring platform has secured $13m in a round that could close nearer to $18m, according to a securities filing.
Vacasa extends series A to $40m
US-based holiday accommodation rental platform Vacasa received $5m in funding from insurance provider Assurant yesterday to close its series A round at $40m. Private equity firm Level Equity led the round, having invested $35m in April 2016. The remaining capital came from an undisclosed backer. Founded in 2009, Vacasa operates a holiday home rental platform… Continue reading Vacasa extends series A to $40m
LeEco gets $600m from old friends
The firm, already backed by Lenovo and Macrolink, has added Heilan Home, Hengxing Group, Yihua Group, Man Wah, Yuyue Group and Luye Pharma to its shareholders.