A weekly recap of some of the most interesting venture capital deals, funds and start-ups. : Alphabet invested $375 million in Oscar Health, a six-year-old health insurance start-up co-founded by Joshua Kushner. The investment comes just a few months after two other subsidiaries of Alphabet -- another investment arm, Capital G, and life sciences division Verily -- participated in a $165 million round that sources said valued Oscar at $3.2 billion. Alphabet now reportedly owns roughly 10 percent of the start-up, which has created a technology platform to better process insurance claims.
We bring to you the latest edition of Funding Galore: Indian Startup Funding of the week. One of the biggest... The post Funding Galore: Indian Startup Funding Of The Week [13-18 August 2018] appeared first on Inc42 Media.
As limited partners increasingly demand greater exposure to emerging market opportunities, venture capital firms with a focus on Asia are bulking up their funds and chasing deals in an increasingly competitive race to own stakes in the next generation of local startups with global aspirations. Over the last year, firms, including DCM Ventures, GGV Capital, Matrix [...]
Plus, there is a new feature on Uber that uses machine learning, and Wonderschool raises $20 million. : There is a new feature on Uber called Profile Recommendations that uses machine learning to help sort business and personal rides. By using machine learning, Uber will be able to predict which profile and payment method an employee should be using and therefore reduce user error. Business users can now also assign trip reviewers and flag questionable rides. Kodiak Robotics, a self-driving truck startup, has raised $40 million.
Shanghai-based insurance start-up Ins For Renascence (IFR) has raised a series round worth of around RMB100 million (US$14.5 million) led by Matrix Partners, according to Matrix Partners' announcement on its official WeChat account. Founded in 2017, IFR specializes in pre-insurance risk control and product customization in the field of personal insurance. Based on big data, machine learning, and cloud computing, it mines multi-dimensional data such as consumption behaviors, data on customers' medical care, finance, travel and fraud, and provides solutions for ... Matrix Partners Leads $15M Series A Round In Chinese Insurance Start-up IFR appeared first on China Money Network.
SFOX Raises $22.7 Million for Its Institutional Crypto Asset Management PlatformSeries A funding round led by Tribe Capital and Social Capital PALO ALTO, Calif., August 16, 2018-- SFOX, a cryptocurrency prime dealer for high-volume traders and institutional investors, announced today that it has raised $22.7 million in Series A funding. The round was led by Tribe Capital and Social Capital, with participation from Y Combinator, Khosla Ventures, DHVC, Blockchain Capital, Upside Partnership, SV Angel, DCG, Mark Britto, and Airbnb Co-Founder Nathan Blecharczyk.
Sendo raises $51 million from SoftBank Ventures Korea and other investors HO CHI MINH CITY, Vietnam, August 16, 2018-- Sen Do Technology JSC (Sendo), the #1 Vietnamese C2C marketplace, today announced that it has secured an investment of USD 51 million led by the SBI Group from Japan for Series B round, having SoftBank Ventures Korea, Daiwa PI Partners, and SKS Ventures as new investors. The funding round from investors in Japan, Korea, and Taiwan was participated by all the existing investors, including SBI Group, FPT Group, eContext Asia, BEENEXT, and BEENOS.
PALO ALTO, CA, SFOX announced today that it has raised $22.7 million in Series A funding.
Tribe Capital, the new venture firm founded by partners who quit Social Capital en masse, is co-leading a $22.7 million investment into a hot cryptocurrency startup. The firm is leading the investment alongside Social Capital, which was founded by former Facebook executive Chamath Palihapitiya. It suggests no hard feelings between the two. We know a little bit more about Tribe Capital's activities now. The firm will focus on internet and software companies and use data to make better investment bets.
Crypto-currency exchange Huobi has made a strategic investment in US-based OpenFinance Network. The post Asia Digest: Clobotics raises $11m more in Series A; Huobi invests in OpenFinance Network appeared first on DealStreetAsia.