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Alibaba Innovation Ventures Joins $30m Round In Israeli Safe Driving App Developer Nexar – China Money Network
Posted on: Jan. 24, 2018, 7:31 a.m.
China’s Alibaba Innovation Ventures, the corporate venture capital investment arm of Chinese e-commerce giant Alibaba Group Holding Ltd., has joined a US$30 million round of financing in Israeli safe driving software developer Nexar. U.S. investment firm Ibex Investors led the round, with participation from U.S.-based Nationwide Mutual Insurance Co., Slow Ventures, True Ventures, Tusk Ventures, London-based Aleph Capital Partners and Mosaic Ventures, according to a company announcement. It marks Alibaba’s latest investment Israel. Last month, the company was reported to ... Full investment news articleRelevent to this post: True Ventures State Administration of Foreign Exchange,