UTA is an investor in the Latin-focused digital media content producer, which has raised nearly $5m as it prepares to launch a mobile platform later this year.
Author: Nicole Idar
Rakuten banks on Kreditech in $10m investment
Germany-based online lending platform Kreditech has raised €10m ($10.5m) in equity funding from e-commerce firm Rakuten to build more partnerships for its business. Founded in 2012, Kreditech offers credit to consumers with little or no credit history, providing consumer loans, a digital wallet and an online personal finance manager to help customers manage their credit score… Continue reading Rakuten banks on Kreditech in $10m investment
Zain connects with Colle Capital
Mobile telecommunications network Zain has moved beyond its core markets in the Middle East and Eastern Europe with a strategic investment in the US venture fund.
Class dismissed for iProf Learning
The online education provider, backed by Daily Mail Group, is winding down operations six months after the departure of founder and CEO Sanjay Purohit.
Inova Health prescribes strategic investment fund
The healthcare provider has launched a venture fund, Inova Strategic Investments, as well as an accelerator that will invest up to $325,000 in startups.
TripAdvisor makes tracks with Traxo in $5.2m series B
TripAdvisor led Traxo’s latest round, which will be used to expand the itinerary services provider’s technology, sales and marketing.
Lola latches on to $7m
The organic tampon provider, which has raised $10m in 2016, secured funding from investors including the AOL-backed BBG Ventures.
Oxford PV brightens with $10m series C extension
The solar technology provider, an Oxford University spinoff, received additional capital from investors like Statoil’s $200m energy ventures fund.
Scotiabank banks on Latin American fintech
The financial services company has partnered QED Investors to launch a VC platform focusing on fintech startups in Mexico, Chile, Colombia and Peru.
IHG treats healthcare startups in Philadelphia to $6m
The health insurance provider has partnered investment firms Ben Franklin Technology Partners and Safeguard Scientifics to fuel local innovation.
J&J launches consumer healthcare accelerator in China
Pharmaceutical company Johnson & Johnson (J&J) has partnered Hax, an accelerator for hardware startups, to launch a program that will nurture companies focused on consumer healthcare devices. Hax Health is a strategic collaboration with Johnson & Johnson Consumer Companies, J&J’s consumer healthcare products segment, and is facilitated by Johnson and Johnson Innovation (JJI), an investment… Continue reading J&J launches consumer healthcare accelerator in China
Paktor picks up 17 Media
Dating app Paktor bought a controlling stake in webcasting platform 17 Media, providing an exit to sports media company Le Sports’s venturing arm.
Cinepapaya dances the Fandango
Peru-based online movie ticket platform Cinepapaya was acquired by its US counterpart Fandango for an undisclosed sum, providing an exit for Movile.
Creo collects $25m ahead of Aim flotation
Creo Medical, a UK-based medical device developer backed by medical device company Pentax Medical, has raised £20m ($25m) through a placing ahead of a planned listing on Aim on December 9 2016. In a regulatory filing yesterday, Creo said it has conditionally raised £20m through a placing at a price of £0.76 a share, which… Continue reading Creo collects $25m ahead of Aim flotation