Yum China is set to purchase a majority stake in Daojia, an online food ordering platform that has raised some $75m from investors including JD.com.
Month: May 2017
Twiggle’s search leads to $15m
MizMaa Ventures and Korea Investment Partners have co-led a $15m round for the e-commerce search technology developer, which counts Naspers, Alibaba and Yahoo Japan as backers.
MindMeld joins Cisco in $125m acquisition
Networking equipment maker Cisco has agreed to acquire US-based artificial intelligence technology developer MindMeld in a $125m deal that will give exits to corporates Intel, Samsung, Alphabet, Liberty Global and Telefónica. MindMeld has built a machine learning-infused AI platform that allows users to create intelligent conversational interfaces for applications or devices. The technology will enable… Continue reading MindMeld joins Cisco in $125m acquisition
Apple nets Lattice Data in $200m deal
The dark data processing technology developer has been bought by Apple after raising about $20m from investors including GV.
Genoa gees itself up with $62m
Novo has contributed to a series A round for Genoa Pharmaceuticals, which is aiming to get its IPF treatment into clinical trials this year.
Razer looks to Horizons for more funding
Venture capital firm Horizons Ventures has supplied between $50m and $100m to Intel and Hangzhou Liaison-backed gaming accessory and software producer Razer.
QuantGroup weighs up the prospect of $200m IPO
The machine learning-equipped online lender is exploring a flotation in the US that will allow Sunshine Insurance and Fosun to exit.
Axoni accepts more series A funds
US-based distributed ledger technology producer Axoni has boosted its series A round to more than $20m following an investment by financial services firm Citi. The precise amount Axoni has raised has not been revealed, though a regulatory filing made at the time of the round’s first close in December 2016 shows Axoni was seeking a… Continue reading Axoni accepts more series A funds
WealthSimple powers on with $37m
Power Financial has doubled its investment in WealthSimple, providing series B funding that will fund the latter’s North American growth.
Unilever helps fill Sun Basket’s series C round
Healthy meal delivery service Sun Basket has raised $9.2m from investors including Unilever Ventures to take its series C round to $24.2m.
RedLock secures $12m in funding
The cloud infrastructure security platform has come out of stealth with $12m of venture funding from backers including Dell Technologies Capital.
Tencent puts another $90m in Pocket Gems
Tencent invested $60m in Pocket Gems two years ago and now owns a 38% share of the mobile game developer, which is valued at $500m.
Clover gets picked by GV to raise $130m
GV was among the investors in a round that valued the big data-infused health insurance company, which has now raised $425m inside two years, at $1.2bn.
Spring bounds to $65m round
The Alphabet-backed fashion e-commerce platform has now raised near to $100m altogether, securing $65m in a round led by Fidelity.