The internet company’s CEO has revealed plans to raise up to $500m for a fund that will invest in online financial technology companies.
Month: August 2017
Site 1001 takes in another $6m
The JE Dunn building management technology spinout has raised $6m from investors including its parent company, following a $5m series A round last year.
Quanterix quickens pace in series D
The BioMerieux and Stratec-backed medical diagnostics technology provider has raised $8.5m in a T.Rowe Price-led private placement that will be added to a $46m series D round.
MBC take a $12m trip to Wego
The broadcaster has invested $12m in online travel booking platform Wego and also plans to promote the company’s services through its media platforms.
BNI to account for fintech investments
Bank Negara Indonesia is considering the creation of a corporate venturing arm that would focus on the financial technology sector.
Iheima hits public markets
Iheima has raised $27.3m in its initial public offering, becoming the first incubator to float in China and providing an exit to corporate investors Toread and Youyou.
Netlify catches Bloomberg for $12m series A
Seed investor Bloomberg Beta returned to contribute to the web development startup’s latest round, alongside Andreessen Horowitz, Tank Hill Ventures and Designer Fund.
Socure seals series B funding
Existing investor Santander InnoVentures returned for the identity verification technology developer’s $13.9m series B round, closed eight months after its series A.
Tencent and Bertelsmann help supply $30m for Linklogis
Supply chain finance startup Linklogis has raised money in a series B round featuring Bertelsmann Asia Investments and existing investor Tencent.
Essential Products gets Access for $300m round
Access Technology Ventures has invested $100m to lead a $300m round for smartphone maker Essential Products that included Tencent and Amazon Alexa Fund.
Disney dives further into BamTech with $1.58bn
Walt Disney Company has followed its $1bn investment in online streaming technology provider BamTech by upping its stake to 75% as it prepares to launch its own streaming service.
SoftBank Vision Fund puts $2.5bn in Flipkart
The fund has invested an amount reported to be at least $2.5bn in e-commerce marketplace Flipkart as part of a round already sized at $1.4bn.
Startupbootcamp sets up shop in Australia
The Melbourne smart energy and home-themed accelerator has secured Spotless Group, EnergyAustralia, Amazon, Cisco, Google and Intel as backers.
Drive Motors revs up for seed funding
The car dealership e-commerce startup has completed a $5.2m seed round backed by talent agency Emagen Entertainment Group and legal firm Perkins Coie.