Online real estate platform 99.co raised $15.2m in a round that was co-led by Allianz X at a $75m post-money valuation, and plans to now expand in Southeast Asia.
Month: August 2019
ByteDance takes a ride on Baike
ByteDance has paid an undisclosed amount for a 22.2% stake in the social referencing portal, in a bid to further take on rival Baidu.
Mena Mobile makes $10m in series B round
Group 42 supplied $10m for the online services provider, whose existing investors include iDreamsky, Bertelsmann Asia Investments and Legend Star.
Marico bulks up Revofit investment
Marico will acquire an additional 14.5% of fitness and wellness app developer Revofit over the next year having initially invested in 2018.
CTA’s diversity fund backs VC duo
CTA’s $10m diversity vehicle has announced investments in venture firms Harlem Capital Partners and SoGal Ventures.
Lixiang rolls to $530m
Bytedance invested $30m in a series C round closed by the smart EV developer formerly known as CHJ Automotive, at a $2.9bn valuation.
Corporates bet on Better in $160m series C
Ping An Global Voyager Fund and American Express Ventures were among the investors in a round the mortgage financing platform closed at a $600m valuation.
Naspers to gamble on $100m Dream11 investment
Naspers is exploring a $100m secondary investment in the fantasy sports platform, though corporate backer Tencent does not appear to be among the likely sellers.
RedDoorz attracts Rakuten in $70m series C
Rakuten has backed a $70m round for the hotel booking platform that came less than a month after it completed a $45m series B.
Lego helps Klang build series B funding
Lego’s corporate venturing unit has contributed to a $22.3m round for MMO developer Klang as it prepares to release its second title.
SoftBank supplies $20bn for Vision Fund employee contributions
SoftBank employees, including some key executives, are reportedly being offered up to $20bn in loans to invest in its Vision Fund II.
Commsignia connects to Samsung in $11m round
The smart vehicle system developer secured $11m in a round that was co-led by Samsung Catalyst Fund as it prepares to beef up research and development.
UrbanStems blossoms with $12m series B
Motley Fool Ventures co-led UrbanStems’ series B round to bring the online florist’s debt and equity financing to more than $27m altogether.
Editorial: ‘Bonkers’, ‘weirdness’ and ‘impossible’ IPOs
“WeWork’s Bonkers IPO,” according to Fortune’s daily newsletter, mirrored by sister title, CEO Daily’s “The Weirdness of WeWork’s IPO Filing” as it noted: “If a recession is coming, the WeWork IPO filing… will be a fitting capstone for the peak.” The Financial Times’s analysis, WeWork: You Pay, noted: “WeWork parent The We Company is about… Continue reading Editorial: ‘Bonkers’, ‘weirdness’ and ‘impossible’ IPOs