The payment platform has cancelled its IPO plans and raised $7.7m in a round backed by property developer Meydan Group.
Month: November 2017
Pomelo bags $19m
Online fashion retailer Pomelo raised cash in a series B round featuring e-commerce firm JD.com that will be used to expand its product line.
Milwaukee corporates commit $10m to startup initiatives
Northwestern Mutual and Aurora Health Care have each put $5m into respective VC vehicles Cream City Venture Capital and InvestMKE.
Innoviz increases series B to $73m
Samsung Catalyst and SoftBank Ventures Korea added $8m to the $65m previously supplied by investors including Magna, Delphi Automotive, Delek and Naver.
CAA experiments with Creative Labs venture
The talent agency has launched a startup studio that is equipped with $12.5m of cash from investors including Telegraph Media and Entertainment One.
Sistema and Tanncam prescribe $14m for Netmeds
Online pharmacy Netmeds has raised $14m in a round featuring Sistema Asia Fund that follows $50m in financing secured two years ago.
Xiaozhu houses $120m in funding
The Bertelsmann-backed short-term accommodation platform has received $120m in a round that valued it at $1bn or more.
OGCI fuels first three deals
Oil and Gas Climate Initiative, which operates a $1bn fund backed by 10 corporates, has named Solidia Technologies and Achates Power among its first investments.
Grail brews up more funding
The oncology diagnostics startup has approached SoftBank and Mubadala for funding, eight months after raising $900m.
SouChe’s series E search uncovers $335m
The automotive e-commerce marketplace has raised $335m in a round led by Alibaba, which is now its largest external investor.
Megvii faces corporates in $460m round
Foxconn, SK Group and Ant Financial have participated in a $460m funding round for Megvii, the facial recognition software provider also known as Face++.