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Chinese-backed and Africa-focused fintech company OPay raised $400 million in new financing led by SoftBank Vision Fund 2, Bloomberg reported Monday, valuing the company at $2 billion. The new financing also comes two years after OPay announced two funding rounds in 2019 — $50 million in June and a $120 million Series B in November.
Further confirmation that the esports market is booming amid the pandemic comes today with the news that esports “total solutions provider” VSPN (Versus Programming Network) has raised what it describes as “close to” $100 million in a Series B funding round, led by Tencent Holdings.
Speaking at the Reagan National Defense Forum in Simi Valley, California, on Saturday (via BNN Bloomberg), Raimondo said her department needed more funding to address China's "rapidly growing" semiconductor markets to deny the country the most cutting-edge technology from the US. Read Entire Article
Denis Kalinin works at venture fund Runa Capital as Asia Business development manager, devoted to connecting the Western and Asian VC worlds and bringing long-term value to both. China is becoming a superpower in the tech industry. Despite geopolitical tensions and recent amendments in CFIUS, it is hard to ignore China.
Chery, Chinas third biggest private automaker by shipment last year, in 2022 announced a strategic funding agreement for Horizon, with the first sedan under its premium EV marque Exeed powered by the latters Journey 3 computing solution. TechNode reporting ]
are increasingly going global, but recent regulatory crackdowns in China , which instructed local K-12 tutoring startups to go nonprofit, have led to a chill among check-writers looking at the country. based investors often cited China as validation of the opportunity for direct-to-consumer businesses in the K-12 world.
The Exchange is on a trip around the world, poking our heads into various startup markets to better understand how different geographies are faring during a historic boom in venture capital activity. But apart from China, most key startup countries and regions are seeing strong investor interest. But the capital is not flowing evenly.
The Exchange explores startups, markets and money. But not all funds are timid, even if we find the present lack of material wagers on mega-projects disappointing. But not all funds are timid, even if we find the present lack of material wagers on mega-projects disappointing. Next up: a16z’s massive new crypto fund.
million in Series C funding led by Japanese human resources management firm PERSOL Holdings. Glints co-founder and chief executive officer Oswald Yeo said this is the largest funding round to date for a talent platform in Southeast Asia, and brings the startup’s total raised to $33 million.
This is Equity Monday, our weekly kickoff that tracks the latest private market news, talks about the coming week, digs into some recent funding rounds and mulls over a larger theme or narrative from the private markets. You can follow the show on Twitter here and me here. Ever wake up to just a massive wall of news?
The crypto market is showing no signs of slowing down as funds and investors alike continue to deploy massive amounts of capital into the ecosystem. To date, Dragonfly has invested in almost 60 companies through its previous funds launched in 2018 and 2021 for $100 million and $225 million, respectively.
The Exchange explores startups, markets and money. The latest spate of bad news for China’s technology industry follows a raft of regulatory changes and actions by the nation’s government that have deleted an enormous quantity of equity value. Uncertain regulations, per Reuters. Gaming is also in the CCP crosshairs.
The startup market is having a moment around the world, but few regions can brag as much as Europe when it comes to venture capital investment. The Exchange explores startups, markets and money. Let’s explore what data says about the first half of 2021 in Europe’s startup market, and what its in-crowd expects for the rest of the year.
The company was going to have little trouble filling that book, with retail demand for its shares at IPO reaching nearly $3 trillion in mainland China alone (it’s not uncommon for popular share issues to have massive oversubscription). Ant would have sported a possible market valuation of more than $300 billion at its IPO price.
Four months after its last funding announcement, Singapore-based e-commerce aggregator Rainforest has closed a $20 million pre-Series A round led by Monk’s Hill Ventures. million in equity and a $30 million debt facility to fund acquisitions. million in equity and a $30 million debt facility to fund acquisitions.
Its video review marketing tool is called VREVIEW , and it works by sending a chatbot to a merchant’s customers to collect their video reviews and product ratings. The round brings the outfit’s total funding to date to $13.7 China and Japan and intends to enter the U.S. The startup just raised $8.1 million (10.5
This year, livestream viewers in China are projected to spend more than $60 billion on digital shopping experiences that let them interact with influencers in real time. This week, Miranda Halpern and Anna Heim interviewed experts on growth marketing: The MKT1 interview: Growth marketing in 2021, hiring versus outsourcing and more.
Like many overseas Chinese, Derek Weng gets shopping requests from his family and friends whenever he returns to China. Many in China still uphold the belief that “imported products are better.” The company soon attracted seed funding from Y Combinator and just this week, it announced the completion of a pre-A round of $2.5
capital markets by storm led, in part, by startups focused on the electrification of mobility. Of course, Tesla is in the game with its own semi truck and, in China, Plus AI, is automating a number of vehicles from Manbang, Suning and FAW Jiefang. trucking market alone. Worldwide, businesses spend about $1.2
EMotorad, an Indian startup manufacturing electric bikes, raised $20 million in a Series B round as it aims to disrupt China’s market domination and expand its presence in global markets. The three-year-old startup has raised more than $22.5
But as SoftBank continues to cut checks from its Vision Fund 2, we’re still seeing results trickle in from the time when the Japanese conglomerate was the world’s key startup backer thanks to its megasized Vision Fund 1. The Exchange explores startups, markets and money. And the recent news is less than stellar.
Augmented reality headsets have been around for years, but none of the market players has really expanded beyond the techy demographic and broken into the mainstream. It only debuted in China, where it’s based, in August. Japan, and Korea, though the company expects China to grow soon to be one of its top markets.
Its goal then was to fund and bring more AI into its products, and improve its user experience. In the two years since, Yuanfudao has doubled its total users to 400 million students across China. Today’s funding suggests that it will push more live, online coursework and broaden out its closed loop system of learning.
This trend has led to more market opportunities in the outdoor entertainment industry. A Santa Monica-based direct-to-consumers (D2C) outdoor furniture startup company, Outer , announced today its $50 million Series B funding to help more people around the globe to bring their lives back outside. Minneapolis-based Yardbird raised $4.4
Una, one of the largest e-commerce aggregators in Asia, has already established its presence across Asia, including Singapore, Australia, India, China, Indonesia, Malaysia and Taiwan, since its launch in 2021. . The e-commerce market of South Korea is expected to increase up to $250 billion by 2025.
Clothing, electronics, toys, automobiles, musical instruments, furniture — you name it and you’ll find a manufacturer in China who can turn your intangible concept into mass-manufacturable reality in mere days. China is also home to one of the world’s largest e-commerce and tech ecosystems. What’s different about Chinese D2C?
All Raise’s new CEO : The work of diversifying the venture capital market is far from over, and one group working to move the needle not only has plans to change the industry — but also her own team. Funds are maturing, experimenting and evolving into interesting vehicles.
Aruna announced today it has raised $35 million in Series A funding led by Prosus Ventures and East Ventures Growth Fund, with participation from SIG and returning investors including AC Ventures, MDI and Vertex Ventures. The first one was market access and getting fair prices for seafood.
Global investors are running from Chinese tech stocks in the wake of the government’s crackdown on Ant Group and Alibaba, two high-flying businesses founded by Ma Yun (Jack Ma) that were once hailed as paragons of China’s new tech elite. China postpones Ant’s colossal IPO after closed-door talk with Jack Ma.
secured $425 million in Series E funding toward its goal to be “the primary source for food at home,” Larry Liu, Weee!’s SoftBank Vision Fund 2 led the financing and was joined by Greyhound Capital. SoftBank Vision Fund 2 led the financing and was joined by Greyhound Capital. learned from China’s tech giants.
The result of the government fusillade against some of the best-known companies in China was falling share prices. The Exchange explores startups, markets and money. The Exchange was curious about the impact of the Chinese government’s actions on the venture capital market. That will slow, at least in China.
Before you hire a marketing consultant who doesn’t understand your products or commit to a CMO who has several years of experience — but none in your sector — consider influencer marketing. According to Uber growth marketing manager Jonathan Martinez: “ … You don’t need to find influencers with millions of followers.
Shares of Delhivery hit an all-time low of 317 Indian rupees ($3.88) Wednesday, cutting its market cap to $2.8 At the current share price, Delhivery’s market cap has shrunk to $2.8 It counts SoftBank Vision Fund, Tiger Global, Carlyle Group, Steadview Capital, Singapore’s GIC and the UK’s Baillie Gifford among its backers.
This is Equity Monday, our weekly kickoff that tracks the latest private market news, talks about the coming week, digs into some recent funding rounds and mulls over a larger theme or narrative from the private markets. You can follow the show on Twitter here and myself here. It’s a pretty important cycle.
In the wake of a $300 million investment from General Motors in September, Momenta, an autonomous driving solution provider from China, announced today an additional $500 million added to its Series C round. Singapore’s sovereign fund Temasek and Jack Ma’s Yunfeng Capital are among its institutional investors.
“Students and freelancers are among the most underbanked population, and they are our first target market. The round was led by Zayn Capital; London-based investment firm, MSA Novo; global fund manager and Graph Ventures; an early-stage VC from Silicon Valley. We are very bullish on fintech in Pakistan.
One of the big leaders in buying up and scaling third-party merchants selling on Amazon and other marketplace platforms is announcing a major round of funding today as it continues to expand its ambitions. Upper90, funds managed by Oaktree Capital Management, L.P., It said that it’s currently on a rate of buying 1.5
With their services more relevant than ever during the COVID-19 pandemic, the startup announced it has raised $14 million in new funding. John Brisco, co-founder and chief executive officer of Coherent, told TechCrunch that the startup has worked with more than 30 insurers in 10 global markets during 2020.
The capital will be used on Gogoro’s expansion in China, India and Southeast Asia and further development of its tech ecosystem. Gogoro’s SPAC deal comes a few months after it announced major partnerships in China and India. Gogoro strikes deal with Yadea and DCJ to build a battery-swapping network in China.
The fundraising is coming two years after OPay announced two funding rounds in 2019 — $50 million in June and $120 million Series B in November. Some of them include SoftBank, Sequoia Capital China, IDG Capital, SoftBank Ventures Asia, GSR Ventures, Source Code Capital. OPay plays in an extremely competitive fintech market.
Private equity fund AfricInvest FIVE co-led the Series C round with existing investors Goodwell Investments and LUN Partners Group. New investors CommerzVentures, Allan Gray Ventures, Endeavor Catalyst and Endeavor Harvest also joined the round , while ShoreCap III returned as an existing investor with other funds.
AccelByte , a platform that helps game creators build backend services and tools, has raised $60 million in Series B led by SoftBank Vision Fund 2, with participation from Sony Interactive Entertainment and returning backers Galaxy Interactive and NetEase. To date, the startup has raised a total of $70 million.
One year after raising $16 million , construction technology company Buildots is back to claim another $30 million, this time in Series B funding. This gives the company $46 million in total funding, Roy Danon, co-founder and CEO of Buildots, told TechCrunch. Germany, Switzerland, Scandinavia and China.
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