Al Tayyar and Rakuten are reportedly among the existing investors that provided $200m for on-demand ride platform Careem at a $2bn valuation.
Month: October 2018
Loggi locates SoftBank for nine-figure round
SoftBank Vision Fund has reportedly put $100m into the delivery service provider, whose existing shareholders include Qualcomm Ventures.
Edianzu downloads $60m in series D round
Source Code Capital and an unnamed sovereign wealth fund have provided capital for Edianzu, the IT equipment supplier backed by Lakala.
Kymco kicks in $65m for Twenty Two Motors
The two-wheeled vehicle producer is acquiring a stake greater than 25% in electric scooter developer and new strategic partner Twenty Two.
Equillium enters public markets
Existing investor Biocon bought more shares in a $65.4m offering that involved the immuno-inflammatory disorder drug developer floating at the bottom of its range.
Stratifyd straightens up with $25m series B
Tencent-backed customer analytics platform developer Stratifyd has now raised $36m altogether and will use the latest funds for product development and international growth.
Amazon puts $10m into Closed Loop
The recycling-focused Closed Loop Fund has secured funding from Amazon, following earlier commitments by a host of other corporates.
Yottaa opens up $11m mezzanine front
Intel-backed Yottaa boosted its total funding to almost $64m as it prepares to take its e-commerce web performance tools into international markets.
Corporates buy a stake in Homeday’s series B round
Purplebricks and Axel Springer both took part in a $22.8m round for online real estate marketplace Homeday, taking board seats in the process.
UIP mobilises $15m in funding
Urban Infrastructure Partner, which provides bicycle sharing services for municipal clients in Norway and Scotland, raised the cash from Møller Mobility and Selvaag Invest.
Chehaoduo shifts into next round with $162m
Seven months after raising $818m in a series C round led by Tencent, Chehaoduo has added $162m in series C-plus funding alongside a $430m commitment from the city of Kunshan.
Truphone dials up backers for more funding
Independent News & Media-backed Truphone has added $23.6m to its coffers through a rights issue, with about $47m more committed on a conditional basis.
Kepler caps series A at $16m
Deutsche Bahn subsidiary DB Digital Ventures has participated in a round that will support the growth of Kepler Communications’ satellite internet network.
Uber and Lyft take another step toward public markets
Banks have reportedly suggested a $120bn valuation for Uber’s IPO, while Lyft has chosen JP Morgan to lead an offering that could value it at more than $15bn.