One of London's biggest fintech unicorns is aiming to become Europe's most valuable fintech startup with an ambitious new funding round led by JPMorgan. Revolut is looking to bring in a $1.5 billion fundraise from JPMorgan, having hired the bank to manage a deal for the challenger bank over the coming months, sources close to the fintech firm told Business Insider. That fundraise could take the form of a $500 million equity raise and a $1 billion convertible loan -- which would give the startup a valuation of between $5 to $10 billion.
SAN FRANCISCO, October 14, 2019-- VIPKid, one of the world's largest education technology companies, has confirmed that Tencent is leading its Series E financing. With this fundraising round, Tencent and VIPKid will deepen their ongoing collaboration in online education; Tencent previously co-led VIPKid's Series D+ financing and was a strategic investor in its Series D financing. China Renaissance served as VIPKid's financial advisor. VIPKid has experienced strong growth trajectory in 2019, attracting over 700,000 students and over 90,000 teachers.
The round is said to value the online car marketplace at $700 million. The post CarDekho in talks to raise $100m from Chinese strategic investor Autohome appeared first on DealStreetAsia.
Club Factory aims to further enhance its Open Platform Strategy post this new round of funding. : E-commerce player Club Factory has raised $100 million in a Series D round of financing led by leading venture capital firm Qiming Venture Partners. Other investors included Bertelsmann, IDG Capital, and other Fortune 500 companies from USA and Asia, it said in a statement. Club Factory doesn't charge commission from sellers on its e-commerce marketplace; this has helped it emerge as the third largest e-commerce player in India, after Amazon and Flipkart, it claimed citing app download and usage data from App Annie.
Cross border e-commerce marketplace Club Factory has raised $100 million in its Series D round led by Chinese venture capital firm Qiming Venture Partners. Existing investors Bertelsmann Asia Investments, IDG Capital and the US and China-based Frees Fund participated in the funding round. Hangzhou, China-headquartered Club Factory had previously raised $100 million in its Series C round in February 2018 from BAI, Frees Fund, IDG Capital, Kunlun Ventures, Zhen Fund and others.
SUNNYVALE, Calif., October 10, 2019-- Clari, provider of the leading AI-powered revenue operations platform, has closed a $60 million Series D financing round, setting a new record for total investment in the rapidly emerging revenue operations software category. To date, Clari has raised over $135 million to transform revenue operations. Clari's Revenue Operations Platform uses AI to modernize the B2B revenue process, upleveling execution, insights and forecasting for the entire go-to-market organization, including marketing, sales and customer success.
Rigup Raises $300M In Series D Funding Led By Andreessen Horowitz To Power The Energy Industry's Largest Skilled Labor Marketplace
RigUp Raises $300 Million in Series D Funding Led by Andreessen Horowitz to Power the Energy Industry's Largest Skilled Labor Marketplace AUSTIN, Texas, October 10, 2019--- RigUp, the energy industry's largest marketplace for on-demand services and skilled labor, has raised a $300 million Series D round led by Andreessen Horowitz (a16z) with participation from existing investors, including Founders Fund, Bedrock Capital, and Quantum Energy Partners. New investors include Baillie Gifford and Brookfield Growth Partners. David George, general partner at Andreessen Horowitz, will join RigUp's board.
AUSTIN, TX, RigUp, the energy industry's largest marketplace for on-demand services and skilled labor, has raised a $300 million Series D round.
Clari uses AI to help companies find key information like the customers most likely to convert, the state of orders in the sales process or the next big sources of revenue. As its revenue management system continues to flourish, the company announced a $60 million Series D investment today. Sapphire Ventures led the round with [...]