Reliance Capital, Sapphire Ventures and Saama Capital have reportedly exited One97 Communications, selling a combined 4.3% stake to e-commerce firm Alibaba.
Month: March 2017
Snap closes IPO at $3.9bn
The visual media company has sold an additional 30 million shares to close an offering that provided exits to Yahoo, Tencent and Alibaba.
Bexio beckons Swisscom to raise $7.4m
The accounting software provider has added Swisscom Ventures to its shareholders, while existing backers also returned for the latest round.
AgroStar digs up $10m for series B
Existing backer IDG Ventures India returned to take part in a round that will support an expansion across India for the farming data platform developer.
Sanford sends $20m to InGeneron
Sanford Health has supplied $20m in series D capital for InGeneron, which is trialling its regenerative cell therapy in its hospital network.
IDG Ventures and Axilor look to new Frontier
IDG Ventures India and Axilor Ventures have formed an initiative called Frontier Tech Innovators to invest in early-stage disruptive technologies.
Relayr acquires Wayra graduate Neokami
Enterprise internet-of-things (IoT) technology provider Relayr has acquired Neokami, a US-based data security technology developer and graduate of Wayra Germany, an accelerator run by telecom group Telefónica, for an undisclosed amount. Founded in Germany, Neokami is developing artificial intelligence-equipped technology that can rapidly and securely process data. Relayr will be able to utilise the technology… Continue reading Relayr acquires Wayra graduate Neokami
Airex Energy lets in $10m
The Airex Industries spinout will put the funding towards the building of a pilot facility that will demonstrate its biocoal production technology.
WorkJam schedules Novel TMT for $12m round
Novel’s venture capital arm has taken part in a funding round for the employee management app developer that included Lerer Hippeau Ventures, Founder Collective and Blumberg Capital.
Accion accepts $141m for fintech fund
Mastercard, AXA, MetLife and Prudential are among the limited partners for the Accion Frontier Inclusion Fund, which will back technology that will make financial services more accessible.
Baidu’s $100m to drive next NextEV round
Baidu is reportedly set to invest $100m in smart electric vehicle technology developer NextEV as part of a series C round that will follow a $500m series B in 2015.
MuleSoft loads up for $182m IPO
The software integrator has set the range for an initial public offering that will provide exits to investors including Salesforce.com, Cisco and ServiceNow.
Joyme and Kee Ever Bright launch $360m gaming fund
The gaming services and media companies have put in an initial $140m and will target game developers, distributors, eSports and ancillary businesses.
Big Deal: NBCUniversal invests $500m in a Snap
The media provider, also an investor in Buzzfeed and Vox, extended its online and mobile media access by buying a 2.1% stake in Snap when it went public last week.