The travel services marketplace secured the series C funding from Tempus Group, Ant Financial and CCB International.
Month: April 2018
Tencent produces series B funding for L² Studio
China-based animated content producer L² Studio has secured an eight-figure renminbi amount (RMB10m = $1.6m) in a series B round featuring internet group Tencent, KrAsia reported today. Founded in 2013, L² Studio creates Chinese-language animated content for broadcast on television and online. Its productions include action series Rakshasa Street, which follows the plot of a… Continue reading Tencent produces series B funding for L² Studio
Alibaba makes SenseTime’s $600m series C
The artificial intelligence technology producer secured the money at a reported $4.5bn valuation, with Alibaba leading the round and Suning also investing.
Corporate venturing deal net: 2-6 April 2018
China-based cryptocurrency data platform Bitkan has raised $10m in a series B round led by Zhongyunhui Capital, with participation from bitcoin mining company Bitmain and IDG Capital, Coindesk reported on Wednesday. The fresh funding will allow Bitkan to expand its offering by launching a service dubbed K Site to share user-generated content. The company will… Continue reading Corporate venturing deal net: 2-6 April 2018
News round up 9 April 2018
A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.
Analysis: Alisports strikes $190m and an acquisition
Alisports, the sports affiliate of China-based e-commerce firm Alibaba, received $190m from China Taiping Insurance, while announcing an acquisition of its own.
Macrolide slides into $20m series B
Novartis, Roche and GlaxoSmithKline all returned for the series B round, having already supported a $22m series A round in 2015.
IfOnly makes series D a reality
IfOnly, a US-based marketplace where consumers can purchase curated experiences, has raised a series D round led by payment processing firm Mastercard. The round, which brought in $20m according to TechCrunch, also featured hotel chain Hyatt Hotels, auctioneer Sotheby’s, New Enterprise Associates (NEA), Founders Fund, Khosla Ventures and TriplePoint Capital. Founded in 2012, IfOnly operates… Continue reading IfOnly makes series D a reality
Investors jump into Ubiquity6’s picture
US-based augmented reality (AR) editing technology developer Ubiquity6 has received $10.5m in a round featuring media company A+E Networks and Gradient Ventures, part of technology conglomerate Alphabet’s Google unit. Venture capital firm Index Ventures led the round, which also featured media-focused holding company WndrCo, LDV Partners, Kleiner Perkins Caufield & Byers (KPCB) and First Round… Continue reading Investors jump into Ubiquity6’s picture
DriveWealth treasures $21m series B
DriveWealth has closed a series B round co-led by SBI, three years after attracting series A capital from Route 66 Ventures.
Red Balloon Security takes off with series A
The $21.9m in funding, provided by backers including American Family Ventures, will enable Red Balloon Security to increase its business operations.
Corporates chip in for Nantero funding
Nantero has attracted $29.7m in funding from a consortium that included Dell, Cisco, Kingston and Schlumberger as well as three unnamed semiconductor companies.
Corporates help put together funding for Qmerit
US-based supply chain management software developer Qmerit closed a $11.8m funding round on Wednesday backed by investments units of energy management technology provider Schneider Electric and utility Innogy. The corporates were joined by private equity firm Strandview Capital, which led the round. Schneider Electric contributed from an unspecified vehicle and Innogy participated through its Innogy… Continue reading Corporates help put together funding for Qmerit
Coinbase launches investment unit
Coinbase Ventures will invest in early-stage digital currency companies, initially without the requirement of formalising strategic partnerships and potentially backing competitors.