Mol, DeNA and Digital Garage are exiting the social news platform through an acquisition by Scroll, which will use it to test consumers’ interest in content.
Month: February 2019
JustCo works with Trive to launch incubator
Trive Ventures and the co-working office space operator have launched a Singapore-based incubator to provide working support and space for startups.
Peloton begins IPO cycle
Comcast and Grace Beauty-backed interactive exercise platform Peloton Interactive is interviewing banks for an offering slated for the second half of 2019.
Konux tracks Alibaba for $33m series B
Alibaba has participated in a $13m extension that adds to the $20m the AI-based rail infrastructure sensor provider collected last April.
Rivian revs up for billion-dollar valuation
The plug-in electric truck developer is reportedly in negotiations with Amazon and General Motors over a round that would value it at $1bn to $2bn.
Second Measure results in $20m funding solution
Citi Ventures took part in the consumer data analytics software provider’s series A round, which will support expansion, hiring and product innovation.
Evonik catalyses $170m second fund
The chemicals producer now has a total of more than $280m under management for its corporate venturing activities, having launched its first fund six years ago.
Lunar Way points path to funding
The Nykredit-backed personal banking app has raised $14.7m in a Seed Capital-led round that included Greyhound Capital and Socii .
Mode pinpoints REV for $23m series C
Corporate venturing unit REV Venture Partners returned for a series C round that took the total raised by the data collaboration platform developer to $50m.
Schenkein starts life at GV
David Schenkein is GV’s latest general partner and will focus on life sciences while retaining a chairman position at oncology therapy developer Agios Pharmaceuticals.
Stratifyd rounds up series B to $29m
The AI-based customer analytics software developer, which counts Tencent as an investor, has increased its series B round to $29m and its overall funding to almost $40m.
Armilar accepts Semapa and KNP for fifth fund
The corporate venturing units of Semapa and KPN have contributed to Armilar’s TechTransfer Fund, which has raised almost $51m on its way to a target of about $68m.
Mancando assembles $25m series A round
Legend Capital has contributed to a $25m series A round for Mancando, which provides supply chain services for the automotive parts industry.
DoorDash chases $500m
The SoftBank-backed food delivery service is seeking funding at a valuation above $6bn, having already raised $785m in the past year.