The online financial services provider has joined an shareholder base that already includes Didi Chuxing to invest an undisclosed sum in the bike sharing company.
Month: April 2017
SAP seeks sweet 16 for Indian accelerator
The enterprise software firm will up the number of participants in its SAP StartUp Studio from seven to 16 this year.
Aavishkaar finds Hero to back latest fund
Hero Enterprise has committed $15.5m to the $310m Aavishkaar Bharat Fund, the latest to be raised by impact investor Aavishkaar Venture Management.
Sensoro detects corporates for $18m series B
Bosch and Sumitomo have kicked in for the internet-of-things technology developer’s latest round, which comes almost 18 months after its Nokia-backed series A.
August Home unlocks $17m in funds
The smart home technology developer, backed by a host of corporates in its last round, has raised another $17m according to a securities filing.
Microsoft to commission Cloudyn acquisition
Microsoft could pay up to $70m for the cloud optimisation platform, which has raised more than $20m in funding including $4m from Infosys last August.
Joyoung helps apply $116m to YI Capital fund
Venture firm YI Capital has closed its first fund at its RMB800m hard cap, with capital coming from limited partners including appliance producer Joyoung.
Big Deal: Oyo to make room for $250m
SoftBank is reportedly set to invest $225m to lead the hotel booking platform’s latest round as part of a large-scale Indian online services investment strategy.
News round up 24 April 2017
A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.
Sapho produces with $14m series B
The workplace productivity software developer has now raised $26.5m altogether, with Bloomberg Beta investing in the company for a third time.
Engie invests in Unisun
The France-headquartered utility has paid an undisclosed sum for a 30% stake in the China-based solar project developer as part of a joint venture agreement.
ZappRx zips to $25m series B
The cloud-based drug prescription platform has closed a round that included new investor GV and SR One, a backer since seed stage.
Tate & Lyle gets a taste of Nutriati
Vegetarian protein substitute developer Nutriati has raised $8m in a round led by Tate & Lyle Ventures, which has also taken a board seat at the company.
Aldrich joins American Family
Drew Aldrich has moved from AXA Strategic Ventures, where he was senior associate, to American Family Ventures where he has been appointed principal.