The Alphabet and Comcast-backed messaging platform is reportedly raising funding at a $5bn post-money valuation, though several corporates are interested in an acquisition.
Month: June 2017
Mobike raises $600m in newest funding cycle
Existing investor Tencent led the round, which took the rapidly expanding bike sharing service’s total funding to more than $1bn in 18 months.
Corporates to make Grab in $1.5bn round
Didi Chuxing has joined the investors in Grab’s forthcoming $1.5bn round, which will be led by SoftBank, and could be joined by Alibaba or Ant Financial.
Corporates fall for Stratumn’s series A round
CNP Assurances subsidiary Open CNP led a $7.8m round for blockchain-powered process compliance startup Stratumn that also featured Nasdaq.
Motorola Solutions and Reliance join OurCrowd for incubator
The corporates have teamed with OurCrowd and the Hebrew University of Jerusalem’s Yissum Research Development Company for an incubator which will open later this year.
Medicxi nabs corporates to close $300m fund
Novartis and Alphabet subsidiary Verily were among the limited partners for a the late-stage fund, which will complement the GSK and Johnson & Johnson-backed fund Medicxi closed in 2016.
SnapSheet claims $12m
Tola Capital led a round that followed the virtual auto insurance claims platform’s $20m series C, which included Liberty Mutual, Intact, USAA and Fidelity.
CognitiveScale weighs up $15m
USAA and existing backers Intel Capital and Microsoft Ventures have helped to take the augmented intelligence technology developer’s overall funding to $50m.
AEye navigates its way to $16m
Intel Capital and Airbus Ventures were among the investors in a series A round that will support the commercialisation of AEye’s autonomous car vision technology.
Amazon approaches Slack for $9bn acquisition
Amazon has reportedly made overtures to the messaging platform over an acquisition that would give hefty exits to GV and Comcast Ventures.
Shougang steels itself to back Guazi’s $400m series B
A fund set up by steelmaker Shougang Group has participated in a Sequoia Capital China-led round that followed a $250m series A closed just nine months ago.
Careem closes series E at $500m
Daimler was among the investors that took part in a $150m second tranche, adding to the $350m Careem raised from backers including Rakuten and Saudi Telecom in January.
ShipBob travels to series B
The Recruit-backed e-commerce fulfilment company has raised $17.5m in a Bain Capital Ventures-led round that took its overall funding to more than $22m.
Ridibooks writes $20m series C story
The Doosan-backed e-book distributor has raised $20m from ShinHan Finance Investment, Praxis Capital Partners and Company K Partners.