The payment platform has cancelled its IPO plans and raised $7.7m in a round backed by property developer Meydan Group.
Author: Sam McCaffrey
Pomelo bags $19m
Online fashion retailer Pomelo raised cash in a series B round featuring e-commerce firm JD.com that will be used to expand its product line.
Brainly brightens up with $14m
The social learning platform boosted its overall funding to more than $38m with a $14m round that included existing investor Naspers.
Tink spies corporates for new funding
SEB, Nordea and ABN Amro have contributed to a $16.4m round that took the mobile wallet developer’s total funding to more than $31m.
Yun Xia welcomed to the Jungle
Tencent’s senior director of corporate strategy and investment, Grace Yun Xia, has departed for a principal role at venture capital firm Jungle Ventures.
Aveni irons out series B round
Merck Group, Air Liquide, Samsung and Panasonic have contributed to a $10.5m round that took the metallisation technology developer’s total funding to more than $46m.
Axiata acts to form $15m Sri Lanka fund
Axiata Digital, the digital services division of telecommunications firm Axiata Group, plans to launch a $15m venture capital fund in Sri Lanka, DealStreetAsia reported yesterday. The fund could launch by December 2017, an executive aware of the plans told the portal, and it will focus on digital startups and service providers. The fund is expected to… Continue reading Axiata acts to form $15m Sri Lanka fund
Corporates charge to PowerbyProxi exit
Apple has acquired the wireless charging technology developer for an undisclosed amount, allowing Samsung and TE Connectivity to exit.
Cloud9 levels up in $25m series B
FunPlus, UTA, WWE and Beverly Hills Sports Council were among the participants in the eSports franchise’s series B round.
Tencent finds Kindred investment in $28m round
GV-backed robotics developer Kindred has closed a series B round led by internet group Tencent that boosted its total funding to $44m.
Winnow gobbles up $7.4m
The R/GA-backed smart kitchen technology developer secured the funding in a round co-led by D-Ax, Circularity Capital and Mustard Seed.
LeapMind goes deep to raise $10m
Japan-based deep learning system developer LeapMind has secured more than $10m in a series B round led by Intel Capital, semiconductor producer Intel’s corporate venturing unit. Trading group Itochu, internet company GMO and telecommunications firm NTT also took part in the round through respective subsidiaries NTT Data, Itochu Technology Ventures and GMO Venture Partners. The… Continue reading LeapMind goes deep to raise $10m
Merck peers into Peratech
The force-sensor technology provider has secured $12.4m in a round led by Merck Ventures that will support engineering and manufacturing efforts.
Abra magics up $16m
American Express and Foxconn have contributed to a series B round for Abra, bringing the company’s total funding to more than $35m.