Online services marketplace operator Thumbtack has added $120m to its funding arsenal, bringing the Alphabet-backed company’s total equity to more than $390m.
Month: June 2019
ShareChat in talks for $100m funding round
Twitter is expected to lead the Xiaomi-backed round with an investment of more than $50m, valuing the social networking platform at up to $650m.
Depop bags $62m series C round
Lumar-backed social shopping app Depop has received $62m in a series C round that will fund the company’s expansion in the US.
WTW to broker corporate venturing deals
Willis Towers Watson has created a corporate venturing subsidiary, WTW Strategic Ventures, and a new group, the Growth Board, to make strategic investments in startups.
Apple to swallow Drive.ai
Apple is rumoured to be preparing to move in for self-driving vehicle software developer Drive.ai, opening a potential exit for ride hailing service Grab.
Cisco intends to secure Sentryo purchase
Cisco is set to buy the industrial-focused cybersecurity software provider in a deal of undisclosed size that will hand exits to Sopra Steria and Reply.
Corporates to shake up SaaS startups
Auth0, CircleCI and Stripe have jointly launched a support scheme dubbed Go_SaaS to help startups promote software-as-a-service platforms.
Analysis: SoftBank gives Creditas $200m
SoftBank backed online lender Creditas, a company from the alternative lending space, which does not seem to have experienced exponential growth in valuations.
Legend helps Hongshan IT to angel funding
Founded in November last year by the former CEO of ZTE, 5G application developer Hongshan IT has secured $14.5m in funding.
Corporate venturing deal net: 3-7 June 2019
Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.
Realeyes reels in NTT Docomo funding
NTT Docomo Ventures took part in a $12.4m round that will help the emotion recognition platform developer to expand into additional verticals outside marketing.
Mirae Asset-Naver Asia finds VinaCapital
The Vietnam-focused venture fund has received an undisclosed amount from Mirae Asset-Naver Asia Growth Fund through a strategic partnership.
Pratilipi primes itself for $15m round
The Time Internet-backed online content platform has increased its total funding to more than $20m with a round led by venture firm Qiming Venture Partners.
Google buys itself a Looker for $2.6bn
Alphabet subsidiary Google has agreed to acquire data analytics platform developer Looker, supplying an exit to Alphabet unit CapitalG.