China-based brokerage firm Futu Securities has raised $145.5m in series C funding from a consortium led by internet company Tencent, China Money Network reported today. Venture capital firms Matrix Partners China and Sequoia Capital China also took part in the round, which valued the company at more than $1bn according to Futu founder Li Hua,… Continue reading Futu Securities brokers series C
Month: June 2017
Xiaopeng raises $324m as UCar begins investing
Chauffeured lift service UCar has formed a $1.47bn investment subsidiary and its first move has been to lead a series B round for electric car developer Xiaopeng Motors.
Ideol identifies corporate investors for $9m round
Floating wind turbine developer Ideol has secured Siem Offshore Contractors and Hitachi Zosen as strategic investors.
Salesforce engages with Viridis Learning
Student employment platform developer Viridis increased its overall funding to $7.5m having added Salesforce Ventures to its shareholders.
IDG Ventures India harnesses corporates for Innovation Program
The firm’s 2017 Innovation Program will feature Unilever Ventures and Amazon Internet Services as partners, both of which could invest in graduates from the scheme.
InMotion reaches for Techstars
Techstars has secured Jaguar Land Rover unit InMotion Ventures as a corporate partner for its Techstars Mobility initiative, and the firm is interested in funding graduates.
MoneySmart cashes $10m in series B funding
Kakaku has led a series B round for financial comparison platform MoneySmart that included Singapore Press Holdings’ SPH Media Fund.
CloudCare floats to series C
Fosun Group led a $14.7m round that came just two months after Alibaba invested $50m in the data centre and cloud computing services provider.
Nihon Unisys notches up $45m investment fund
The information and communications equipment maker is investing more than $45m in a corporate venturing fund that will target robotics, fintech and the internet of things.
Jaguar Land Rover picks up Lyft stake
The automotive producer has combined with its InMotion Ventures subsidiary to make a $25m strategic investment in ride hailing company Lyft.
Automat concludes series A talks with $8.3m
Comcast, USAA and You & Mr Jones have backed a series A round for Automat, the developer of marketing software that relies on artificial intelligence to interact with customers.
Wanderful finds path to acquisition
OwnLocal has acquired Wanderful Media, an advertising technology developer that had raised a total of more than $50m from 12 media companies.
Ping An outlines fintech investment plans
The insurer’s $1bn Global Voyager Fund will look to invest between $10m and $30m in international financial technology developers as its parent aims to grow into a data business.
AvidXchange processes $300m in funding
The automated payment processing technology provider raised the funding from investors including new strategic partner Mastercard.