The corporate-backed mobile wallet provider has secured a blend of debt, equity and warrant financing totalling $29.7m from an investor called MK SPV IX.
Month: March 2020
Arkose Labs authenticates $22m series B round
The anti-fraud platform developer boosted its total funding to $36m in a round led by Microsoft’s M12 unit and backed by existing investor PayPal.
SFMap locates series A funding
The mapping software developer has secured $14.1m in a round led by venture firm Everest Venture Capital, two years after being spun off by SF Express.
LinkSquares reconnects with MassMutual in series A
MassMutual Ventures backed LinkSquares in a round which brought the language analysis software developer’s total funding to more than $21m.
ZEG Power digs up funding
CCB and CO2 Management came onboard in an $11.3m round for ZEG as it continutes work on its clean hydrogen generation facility.
Finding a natural future
While the current attention is on the Coronavirus, deals are still happening.
CVC in the Time of Coronavirus: Donald Lacey, Ping An Global Voyager Fund
The Ping An subsidiary is providing strategic assistance to portfolio companies during the Covid-19 pandemic, though managing director Lacey cautioned that startups with high burn rates are facing high risk.
Kunlun Tech constructs $424m investment fund
Gaming and internet company Kunlun is committing about $140m to the internet and AI-focused fund as one of its two cornerstone investors.
Nature’s Fynd unearths $80m
The edible protein developer has rebranded from Sustainable Bioproducts and received series B funding from investors including existing backers Danone and Archer Daniels Midland.
Abbisko absorbs $70m
Lilly Asia Ventures, an investor in the cancer drug developer since its series A round, returned to back a series C that doubled its overall funding to $140m.
FuboTV fuses with FaceBank
Online streaming service FuboTV, which has raised nearly $150m from investors including Sky, AMC, Discovery, Univision and 21st Century Fox, is set to merge with FaceBank.
Afterpay unveils AP Ventures fund
The corporate has a 44% stake in growth equity fund AP Ventures, which plans to invest more than $30m in a total of five or six portfolio companies.
Berxel excels in series A-plus round
Legend Holdings-backed semiconductor laser developer Berxel received $14.1m in a round that was led by Vision Knight Capital.
City Developments helps build Pupil’s funding
Pupil, developer of a spatial analysis system for real estate, raised $16.1m in a round led by property developer City Developments that will fund product development.