September 2018

Working Capital lands funding from Zalando

Zalando and Childrens Investment Fund Foundation have added $2.5m to Working Capital’s supply chain-focused fund, which now stands at $25.2m.

Jonathan Lai has moved to Coatue Management after three years overseeing Tencent’s western investments and partnerships.

Qualcomm Ventures co-led the series E round, which increased the AR and computer vision technology developer’s overall funding to $137m.

The apartment rental marketplace has now raised $90m altogether, having secured $46m in an Axel Springer-backed round.

The Forbes-backed end-to-end healthcare product supplier has raised $88m in series A funding and added a smoking cessation service.

The Rocket Internet-backed e-commerce platform is considering an initial public offering in the US early next year at a valuation of $1bn.

The online wine retailer has completed a round that was co-led by Tencent and Meituan Dianping at a reported $1.1bn valuation.

Tencent and existing investor Meituan Dianping both chipped in for a series D round that valued the alcohol trading platform at $1.1bn.

NGP Capital-backed food delivery service Deliveroo was valued at $2bn as of November but a successful bid would need to be a sizeable upgrade.

The home design products marketplace has secured $15.4m in a round led by Advance Venture Partners, which will also get a board seat.

Mitsui Sumitomo Insurance and Digital Garage contributed to a round that took the mobility vehicle developer’s total funding to $80m.

GV has returned to back a $100m series D round for software services provider GitLab, which has achieved a valuation of more than $1bn.

Base10 Partners, the venture firm formed by Workday Ventures alumnus Adeyemi Ajao last year, has secured capital for its inaugural fund.

Salesforce Ventures is set to exit CRM services provider Fluido three years after backing a $3.5m round, in an acquisition by Infosys.