Prosiebensat.1’s SevenVentures unit joined fellow existing investors Vattenfall and Rocket Internet to invest $11.3m in smart home product supplier Tink.
Month: October 2018
Clear Labs discovers $21m result
Dentsu Ventures participated as a new investor, as food safety technology developer Clear Labs closed a series B2 round that took its funding to $45m in total.
Commerce Bank finds time for SixThirty partnership
Commerce Bank has established a strategic partnership with fintech fund SixThirty that will give it the chance to invest in the latter’s portfolio companies.
Itochu charges up Dishangtie’s series B1 round
The electric vehicle rental service followed a $47m round in March with a $43.2m series B1 round that was led by Bojiang Capital and backed by Itochu.
KakaoPay lends support to PeopleFund for $11m round
Peer-to-peer lending marketplace PeopleFund scored $11m in a series B round led by Kakao’s mobile payment subsidiary that also featured Dayli Financial Group.
LPixel captures $27m
Fujifilm, Olympus and TechMatrix were among the participants in a round that boosted medical imaging technology provider LPixel’s funding to $35m altogether.
Otovo energises with series B funding
Solar energy installation services platform Otovo has secured $11.4m in a round co-led by KLP that included Agder Energi Venture, Akershus Energi and Obos.
Volvo Financial Services hits accelerator
Volvo’s financial services subsidiary has launched an accelerator with L Marks dubbed iLabX in order to access technology from startups.
Click & Grow blossoms with $11m round
The smart garden technology developer has reeled in $11m to fuel international growth in a round featuring Ikea parent Ingka Group and Groupe SEB subsidiary SEB Alliance
Sega Sammy forms $20m fund to play with
Japanese entertainment producer Sega Sammy has assembled a $20m fund that will be managed by existing partner Fenox Venture Capital.
Hyundai looks to Yield for $100m fund
Carmaker Hyundai has teamed up with Yield Capital to set up a hydrogen-related investment fund and has targeted a $100m close.
SoftBank looks to grow Grofers in $150m round
Grocery e-commerce platform Grofers is in talks to raise $100m to $150m in a SoftBank Vision Fund-led round that could value it at up to $650m.
PropertyGuru moves into series D with $145m
Emtek-backed online property real estate platform PropertyGuru has attracted $145m in a KKR-led series D round and acquired Batdongsan to expand into Vietnam.
Wells Fargo takes five for cleantech incubator
The bank has selected 75F, Ladybug Tools, Yotta, UbiQD and Next Energy Technologies for IN², the cleantech incubator it formed with the US Department of Energy.