Huazhu Hotels has co-led a funding round with IDG Capital, two years after the two co-founded the apartment rental service.
Month: July 2017
WeWork wins $760m in series G
The co-working space provider has raised $760m at a reported $20bn valuation, just three months after receiving $300m in funding from SoftBank.
Travis Perkins invites startups to make Breakthru
The building materials retail group has launched an accelerator called Breakthru that will invest in and mentor health and safety, digitalisation and customer service startups.
Straus strikes up for GE Ventures role
Jessica Straus has joined the corporate venturing unit as an entrepreneur-in-residence
Partech Ventures packs corporates into $455m fund
US-based venture capital firm Partech Ventures closed its latest fund, Partech International Ventures VII, at €400m ($455m) today with contributions from a range of limited partners that included several corporates. Professional services firm Accenture, networking equipment maker Cisco, communications technology manufacturer Nokia, human resources firm Adecco, cosmetics producer L’Oréal and property developer Unibail were among… Continue reading Partech Ventures packs corporates into $455m fund
Squirro scurries to $10m series B
Salesforce Ventures has invested a part of a round that will enable the data intelligence software provider to strengthen R&D and expand in new and existing markets.
Shouqi Limousine and Chauffeur collects $88m
The chauffeured ride service, formed by Shouqi Group and Xianglong Taxi, has raised $88m from an unnamed investor at a $750m valuation.
Fireglass to melt into Symantec
Symantec has agreed to acquire Fireglass, a cybersecurity technology developer backed by Singtel Innov8, for an undisclosed amount.
Global Brain heads for $180m close
The VC firm’s sixth fund has achieved a final close slightly above its $175m target, with limited partners including corporates such as JTB and Sumitomo Forestry.
Hudl welcomes back Nelnet to raise $30m
Nelnet, which backed the sports video analysis platform’s last round in 2015, has joined its fellow series A investors to add another $30m in funding.
Big Deal: Ofo obtains $700m
The Alibaba-led series E round has proven the latest milestone for China’s rapidly growing bike sharing sector as its biggest players look to move into foreign streets.
Analysis: Europe’s missing venture unicorns
There were 25 unicorns (private, venture-backed companies worth at least $1bn) created first half of 2017 but only one – Improbable – in Europe after Softbank led a $502m round for the UK-based company, according to data provider Pitchbook at the end of last month. For context, Improbable’s round was about a tenth of the… Continue reading Analysis: Europe’s missing venture unicorns
Baidu catches Kitt.AI
Baidu has paid an undisclosed amount to acquire Kitt.Ai, an Amazon Alexa Fund-backed AI language technology developer.
Corporate venturing deal net: 3-7 July 2017
US-based nanochemistry technology developer Light Polymers completed a $5m series B round on Wednesday that was co-led by TEL Venture Capital, the corporate venturing vehicle for energy utility Tokyo Electron, and Tsingda International Venture Capital. The round came four months after Light Polymers raised $24.3m in series A funding led by a consortium of undisclosed… Continue reading Corporate venturing deal net: 3-7 July 2017