The American Express and Deloitte-backed cloud financial management software developer has agreed to an acquisition by enterprise software producer Sage.
Month: July 2017
Propeller Shannon starts up in Ireland
Enterprise Ireland is launching an aviation and aerospace accelerator with partners including Shannon Group, Boeing and Datalex.
Argentine banks put $3m into ArFintech
The ArFintech fund is backed by six Argentine banks and will invest in financial technology startups, five of which have received a total of $800,000.
BanRegio backs four venture funds
The Mexico-based financial services firm has contributed capital to Jaguar Ventures, Variv Capital, 500 Startups and Endeavor Catalyst in a bid to access the fintech ecosystem.
SkyGuard takes 360 turn to raise $24m
Cybersecurity software provider 360 Enterprise Security Group was among the participants in a series A round for data security startup SkyGuard.
SimilarWeb catches $47m
Growth equity firm Viola Growth led a round that took Naspers-backed online market intelligence provider SimilarWeb’s overall funding to $112m.
Iguazio includes corporates in $33m series B
Verizon Ventures, Robert Bosch Venture Capital, Dell Technologies Capital and CME Ventures all invested in the data analytics technology provider, which is valued at $100m.
ST Engineering assembles $150m corporate venturing arm
ST Engineering Ventures will focus on startups developing technologies relevant to its parent company, such as robotics, data analytics and cybersecurity.
Toast salutes $101m investment
Alphabet-backed point-of-sale technology developer Toast has added $101m to its coffers to fund further development of its cloud platform.
Snapdeal board accepts $950m from Flipkart
E-commerce marketplace Flipkart has had a bid of between $900m and $950m accepted from the board of corporate-backed rival Snapdeal that now needs only shareholder approval.
Alibaba and Paytm consider putting $200m in BigBasket
Grocery e-commerce platform BigBasket is in talks with both companies over an investment that would value it at about $1bn, while Amazon is also interested.
SoftBank to take up Slack in $500m round
The corporate is expected to co-lead a round that would value the GV and Comcast-backed workplace communication platform at $5bn post-money.
Wipro invests to help build Work-Bench
Enterprise-focused venture firm Work-Bench has secured an undisclosed amount of capital from Wipro’s corporate venturing unit, representing its second fund investment.
Fosun clutches Teddy in series B round
Phone number recognition startup Teddy Mobile has now raised $29m in total, after securing an undisclosed amount in a round co-led by Fosun RZ Capital.