International financial transfer platforms TransferWise and Remitly each announced nine-figure rounds last week, highlighting the growth of the sector.
Month: November 2017
BigBasket fills up with $8m round
The online grocery store secured $8m from a consortium including International Finance Corp as it has yet to confirm a reported $200m investment from Paytm Mall.
GV helps provide $8.5m for Reaction
Proceeds from open-source commerce software developer Reaction Commerce’s GV-led series A round will be used for hiring and product development.
Instart Logic finishes $30m round
The Telstra-backed cloud computing optimisation platform has brought in $30m in a round led by ST Telemedia that took its total funding to $140m.
Analysis: Megvii faces a $460m round
The $460m funding round for Megvii, also known as Face++, featured a host of corporates: Foxconn, SK Group and Ant Financial.
Corporate venturing deal net: 30 October-3 November 2017
US-based fabless semiconductor startup Wiliot completed a funding round of undisclosed size yesterday that included Qualcomm Ventures and M Ventures, the corporate venturing arms of chipmaker Qualcomm and pharmaceutical firm Merck Group, which took its overall funding to $19m. Wiliot had previously raised $14m in a January 2017 series A round featuring venture capital firms… Continue reading Corporate venturing deal net: 30 October-3 November 2017
Trip.com falls for Ctrip
Expedia has exited travel services provider Trip.com, which had raised $39m, in an acquisition of undisclosed size by online travel agency Ctrip.
Mag Interactive completes new funding game
Nokia-backed Mag Interactive will acquire fellow game developer FEO Media following a $9.7m investment from Swedbank Robur.
Annoroad reaches corporates for $105m
The genome sequencing services and technology provider raised the cash in a round co-led by Ping An Ventures that included SBCVC.
Synopsys reveals $565m Black Duck acquisition
Software management technology provider Black Duck Software had raised more than $70m in funding from investors including Intel, Siemens and Red Hat.
News round up 6 November 2017
A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.
Baebies screens investors for $10m series B
Rex Healthcare-backed infant screening test developer Baebies has closed a round anchored by BOE Technology Group.
SenseTime seeks $500m in series C round
The Dalian Wanda-backed deep learning technology provider is aiming to raise the funding at a $2bn valuation.
Ayla integrates Sunsea into $60m series D
Sunsea Telecommunications co-led the round as part of a partnership that will help IoT management software developer Ayla Networks expand in China.