Next47 and Salesforce Ventures helped the logistics management software provider take its overall funding to more than $83m as Covid-19 causes delivery volumes to increase.
Month: April 2020
Podium interacts with corporates for $125m
GV and Recruit both invested in a series C round that reportedly valued customer engagement platform developer Podium at about $1.5bn.
Cato Networks captures $77m
Singtel Innov8 returned for Cato Networks’ latest round, which advanced the enterprise networking technology provider’s total funding past $200m.
Privitar polishes up $80m series C round
Salesforce Ventures and ABN Amro Ventures helped data privacy software producer Privitar push its overall funding to more than $140m.
Corporates collaborate on Spanish startup support scheme
Acciona, CLH, BP, Red Eléctrica, Enagás and Iberdrola are all backing Positive Energy+ which will provide financing and assistance to energy-focused technology developers.
Foursquare to fuse with Factual
Naver, Simon Property and O’Reilly Media-backed Foursquare is joining forces with peer Factual to create the world’s biggest location intelligence provider.
Genechem generates series C funding
The translational medicine-focused research services provider, which counts Renfu Pharmaceutical as an investor, has completed a Humanwell-backed round sized at about $56m.
Kringle Pharma rings up new funding
Chishima Real Estate and Miraca helped add $6.8m to extend Kringle‘s latest round to $15.5m which will fund development of its rare disease treatments.
WorkJam packs $50m into series C
The employee management software provider closed a series C round featuring all its existing investors, which include Novel TMT Ventures.
GMO Venture Partners crowns portfolio support scheme
The internet company’s investment arm has earmarked just over $32m to support portfolio companies through the Novel Coronavirus Recession Prevention Program.
Learning lessons on state bailouts
My heart goes out to the business owners and founders who have seen the rug pulled out from under them with this lock-down. Caveat emptor, however, is a useful reminder for governments thinking of bailing out ropey venture-backed portfolio companies especially when banks are chomping at the bit to lend to some of these companies instead.
CVC in the Time of Coronavirus: Dai Watanabe, Delight Ventures
Although the pandemic will represent a damaging shock, Watanabe believes it may eventually be beneficial for Japan’s startup space.
FCC digs in for District Ventures Capital fund
Farm Credit Canada provided more than a third of the capital as food and beverage-focused District Ventures Capital closed its fund at $70.8m.
Airbnb adds $1bn in new round
Silver Lake and Sixth Street Partners supplied debt and equity financing for the Alphabet-backed online short-term accommodation platform at a $26bn valuation.