Siam Commercial Bank’s $100m Digital Ventures fund may become a new standalone company, as it considers spinning off subsidiaries.
Month: November 2019
EDF arms KarmSolar with funding
KarmSolar has raised an amount previously reported to be up to $25m from EDF’s renewable energy subsidiary as part of the latter’s North African push.
CE Ventures falls for Furlenco
The furniture rental service pulled in $17.5m from a round led by Crescent Enterprises’ corporate venture capital vehicle as it prepares to expand into the Middle East.
Cymulate reaches series B cycle with $15m
Existing investors Dell Technologies Capital and SGE returned to help boost simulation-based cybersecurity software platform Cymulate’s total funding to $26m.
Sidewalk lays out plans for Toronto fund
Alphabet and its Sidewalk Labs unit have each committed $10m to a smart city-focused venture fund on the proviso that Sidewalk’s development on Toronto’s waterfront is approved.
Bounce hits $150m in series D round
The Qualcomm-backed scooter rental service is now valued at more than $500m, as it moves toward a projected $200m close for its latest round.
Appier caps series D at $80m
UMC Capital and the Arm-backed Hopu-Arm Innovation Fund backed enterprise AI software developer Appier in a round that almost doubled its overall funding to $162m.
Palo Alto applies for $150m Aporeto acquisition
Palo Alto Networks is set to pay $150m in cash to buy Aporeto, which had raised nearly $35m from investors including Comcast, Symantec, Telia and National Grid.
Goldman Sachs helps sit $60m in Citixsys
The retail and hospitality management platform developer raised $60m in a Goldman Sachs-led round that took its total funding to at least $105m.
Corporates drop into Swat’s series A
On-demand bus transportation service Swat secured $10.1m in a round backed by public transit operators SMRT and ComfortDelGro that will fund geographical expansion and recruitment.
Shuttl shoots to $36m for series C
The bus transportation provider’s series C round currently stands at $36m, half of which has come from Toyota Tsusho and Mirai Creation Fund.
S&P Global slots into MiddleGame Ventures
Fintech-focused venture firm MiddleGame Ventures has secured S&P Global as a limited partner for an early-stage fund expected to close at $165m next year.
Loom loots $30m in series B round
The Slack-backed enterprise video messaging platform took its total funding to $45m with a Sequoia-led round that will fund product development.
NetEase tosses funding to Bossa
NetEase has led a series B round for the game developer reportedly sized at up to $30m and will now help it expand into China.