Fundings and Exits

Camera technology company Light is the latest to do the money dance with SoftBank’s massive Vision Fund after it raised a $121 million Series D round. The funding round was led by Vision Fund, the near-$100 billion fund anchored by SoftBank, with participation from consumer camera giant Leica Camera AG. Today’s announcement takes Light to around $186
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Didi Chuxing, China’s largest ride-hailing company, has pulled in some strategic capital after Booking Holdings invested $500 million into its business. The deal will see Booking Holdings — which was formerly known as Priceline — work closely with Didi to offer its on-demand car services through its Booking.com apps via an integration. Likewise, Didi customers
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Logistics on-demand service GoGoVan became Hong Kong’s first billion-dollar startup via a merger last year, and now is doubling down on growth after raising $250 million in new capital. The new round was led by InnoVision Capital, with participation from the Russia-China Investment Fund, Hongrun Capital and Qianhai Fund of Funds. Two other notable investors include
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Sight Diagnostics, an Israeli medical devices startup that’s using computer vision and machine learning technology to speed up blood testing, is launching a point-of-care blood diagnostics system today. It claims the compact, desktop machine — called OLO — which analyzes single-use cartridges manually loaded with drops of the patient’s blood, can deliver “lab-grade” complete blood count
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Paidy, a fintech startup that enables Japanese consumers to shop online without using a credit card, announced today that it has raised a $55 million Series C. The round was led by Japanese trade conglomerate Itochu Corporation, with participation from Goldman Sachs. The Tokyo-based startup says this brings its total funding so far to $80
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Tiger Global has poured more than $1 billion into SoftBank Group, according to the Financial Times. The newspaper reports that the firm told investors SoftBank’s shares are “meaningfully undervalued.” In response to a request for comment, SoftBank sent the same statement to TechCrunch as other media outlets: “We continue to believe the market significantly undervalues
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Southeast Asia’s digital economy is tipped to grow more than six-fold to reach more than $200 billion per year, according to a report co-authored by Google, with e-commerce accounting for the dominant share. The emergence of e-commerce platforms like Alibaba’s Lazada and U.S.-listed Shopee have enabled online entrepreneurship across the region, but still financial support for
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The Securities and Exchange Commission, the federal agency responsible for protecting investors and maintaining fair and orderly functioning of our securities markets, has 11 regional offices, including in Miami, New York, Boston and Chicago. None has quite the workload as the SEC’s San Francisco regional office, where a major area of focus in recent years
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London-based Fever, an urban events discovery app-cum-entertainment events business with an online media arm that it uses as marketing megaphone and data-gathering lens on its community of users, has closed a $20 million Series C investment to expand into new markets across Europe and North America — and win more hipsters over to its own
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Draper Esprit, the publicly-listed VC firm based in London, is putting down further roots across Europe in cooperation with German VC Earlybird. The “strategic partnership” sees Draper invest an initial €18 million in the latest Earlybird Fund VI (which closed this week at €175 million, above its initial target, apparently), with a commitment to invest
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Homage, a Singapore-based startup that helps connect caregivers and organizations with care recipients and their families, has raised $4.15 million as it begins to eye overseas expansion. The company was started in 2016 by Gillian Tee, a Singaporean who spent time working in the U.S., healthcare industry exec Lily Phang and former banker Tong Duong.
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Oden Technologies, the Industrial IoT startup that provides manufacturing data analytics, has closed $10 million in Series A funding. The round is led by European venture capital firm Atomico, which appears to be revving up its “Industry 4.0” investment strategy following a recent investment in CloudNC. A number of existing investors also participated including EQT
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