Existing investor Salesforce invested another $100m in a private placement, as the file storage platform floated above its range at an $8bn+ valuation.
Month: March 2018
Editorial: Li Ka-shing and Tencent shine spotlight on Hong Kong
Naspers’ Tencent share sale and the legacy of investor Li Ka-shing indicate the capital generated in Hong Kong in recent years.
Vincent leaves Engie for Demeter
Eric Vincent, formerly Engie’s deputy director of corporate venture capital, has been hired by Demeter Partners as a partner.
Alexa Fund helps distribute $10m to Rachio
US-based smart sprinkler developer Rachio has secured $10m in series B capital from investors including Alexa Fund, a unit set up by e-commerce and home technology firm Amazon. The round also featured investment firm Eastside Partners and growth equity firm Bonaventure Capital. It increased the company’s total financing to at least $20m, including $430,000 in… Continue reading Alexa Fund helps distribute $10m to Rachio
Corporates gather around Fireside
Fireside Ventures has closed a $52.3m fund backed by corporate limited partners Unilever, ITC, RP-Sanjiv Goenka, Hero Enterprise and Emami.
AllyO brings $14m on board
Randstad Innovation Fund and Gradient Ventures are among the investors in the recruitment automation platform, which has just emerged from stealth.
Oyo to make room for up to $800m
Existing backer SoftBank and two new investors are reportedly in discussions to invest between $500m and $800m in the budget accommodation provider.
Investors prove bullish as eToro raises $100m
The Ping An, Sberbank and Commerzbank-backed social trading platform has attracted $100m in funding at an $800m valuation from investors including SBI.
TCR2 squares $125m series B
Alexandria Venture Investments and 6 Dimensions Capital have participated in an oversubscribed second round for immunotherapy developer TCR2 Therapeutics.
Corporates help direct $30m to Digital Reasoning
Artificial intelligence software provider Digital Reasoning boosted its overall funding to $127m with a BNP Paribas-led round featuring HCA, Nasdaq, Square and Barclays.
Zaveri finds partner position in Gradient
Google-backed AI fund Gradient Ventures has hired Muzzammil Zaveri, a former member of Tencent’s Silicon Valley team, from an investor role at venture firm KPCB.
Nox is all at Sea in series B
Sea has contributed to a $31.6m round for Nox, the China-based developer of a programmatic advertising platform that aims to overcome regional differences.
SoftBank leads Mythic series B round
AI chip developer Mythic has closed a $40m round led by SoftBank Ventures that included another corporate venturing unit, Lockheed Martin Ventures.
Sinar Mas and Yahoo Japan form $150m fund
The corporates, together with venture firm Yahoo Japan, have committed $100m to a Southeast Asia-focused tech fund that will invest up to $15m at series B stage and later.