Rakuten, a Japanese electronic commerce and Internet company, has led a SGD$1m ($800,000) seed round of funding for Carousell, a Singapore consumer-to-consumer app for iOS and Android.
Author: Katherine Steiner-Dicks
DG Incubation puts $1.6m on Moneytree
Japan personal finance iOS app company Moneytree has attracted $1.6m in a seed investment round led by DG Incubation, the corporate venturing unit of Digital Garage. PayPal, MasterCard and Morgan Stanley senior executives also took part in the round.
Yahoo! Japan takes bite out of data hungry BrightTag
Yahoo! Japan has led a $27m series C round of funding in BrightTag, a US marketing technology platform company, after selecting BrightTag’s newly patented Fuse technology to power its data management platform (DMP). Other investors in the round included Baird Capital, EPIC Ventures, I2A, Pritzker Group Venture Capital and TomorrowVentures. BrightTag will use the funds… Continue reading Yahoo! Japan takes bite out of data hungry BrightTag
Tata Capital finds right chemistry with Mitra Biotech
Tata Capital Innovations Fund, a domestic venture capital fund managed by Tata Capital, which is the corporate venturing unit of India industrial group Tata, has invested an undisclosed amount of capital in Mitra Biotech Private Ltd (Mitra). The funding was raised to help the company scale up its go-to-market strategy and to expand in India… Continue reading Tata Capital finds right chemistry with Mitra Biotech
World Bank’s IFC leads $6m What’s On India C round
The World Bank’s venturing unit, International Finance Corporation (IFC), is committing $4m to a $6m series C round of funding for What’s On India Media, a television search and electronic programming guide (EPG) company, which runs its operations under the What’s-On-India brand. Including the latest round, the company has raised approximately $13.5m to date. What’s… Continue reading World Bank’s IFC leads $6m What’s On India C round
The money’s on 91Jinrong
Microsoft’s China startup incubator programme, Microsoft Ventures Accelerator in China, has helped boost the cloud computing services of China online financial services company 91Jinrong as part of a $10m (RMB 60m) series B round that includes China Broadband Capital, Matrix Partners and other investors. Known as the “Wal-Mart of finance”, 91Jinrong matches potential consumers with… Continue reading The money’s on 91Jinrong
Kickstart gives Lenddo $6m a hand
Lenddo, an online platform that allows members to use their online social connections to access local financial services, has raised an additional $6m in a series B funding round from Philippine incubator Kickstart Ventures, Golden Gate Ventures and Skype co-founder and angel investor Toivo Annus.
Nokia gets pixelated over Solar Vista Media
Nokia Growth Partners, the corporate venturing unit of mobile phone company Nokia, has led an undisclosed series D round of funding for SolarVista Media, a China digital outdoor advertising billboard company.
All fun and games for Chukong in $50m series D round
Chukong Technologies, a China mobile game developer and publisher, has raised $50m in a series D funding round, bringing its total fund raising efforts to date to $83m. Other investors include existing investors GGV Capital, Sequoia Capital, Steamboat Ventures and Northern Light. The company’s breaking record monthly revenues have more than doubled this year from… Continue reading All fun and games for Chukong in $50m series D round
Riken to raise $50m fund
Riken Innovation Capital, the investment unit of Japan scientific research organisation Riken, has already made a first close of $25m on a total fundraising target of $50 by the year’s end. The investment unit has already formed a partnership with Scotland, notably Scottish Enterprise, the country’s economic development agency, which will give the corporate venturing… Continue reading Riken to raise $50m fund
Alibaba leads $50m series C for Quixey
In its search for services that drive sales and services to its core e-commerce business, China-based Alibaba has led a series C round worth $50m in Quixey, a US-based search engine for software applications. Since its inception, Alibaba has developed and is now acquiring businesses in consumer e-commerce, online payment, business-to-business marketplaces and cloud computing, reaching Internet users in more than 240 countries and regions.
New York apple of Alibaba’s eye in new IPO talks
China e-commerce trading site, Alibaba, has had to change tactics and reconsider a listing for its much awaited IPO in the US, rather than closer to home in Hong Kong, it has been reported. News of the US listing consideration followed the Hong Kong stock exchange’s unwillingness to support the company’s ‘unusual management structure. Alibaba’s… Continue reading New York apple of Alibaba’s eye in new IPO talks
InVent acquires social app stakes
InVent Ventures, the corporate venturing unit of Thailand communication services group, Intouch, has invested in Computerlogy and Meditech Solution. The combined deals were valued at $1.08m.
IDG accounts for $10m Wacai app
IDG Capital Partners, the corporate venturing unit of the IDG research group, has invested close to $10m in Wacai, a Chinese personal finance app developer. The series A round follows on from a June 2011 angel investment of close to 10 million yuan ($1.6m), bringing its funding to date at about $11.6m.