Shanghai-based DaDa operates an AI-powered online-streaming portal that helps K-12 children aged 4-16 learn English from native speakers. The post Warburg Pincus leads $255m Series D round in China's English tutoring platform DaDa appeared first on DealStreetAsia.
The latest round brings Rubrik's total equity funding to more than $553 million till date. The post Data startup Rubrik raises $261m from Bain, Lightspeed, gets valued at $3.3b appeared first on DealStreetAsia.
PALO ALTO, CA, Rubrik, the Cloud Data Management Company, today announced a $261 million Series E investment.
Rubrik, a cloud data management platform for enterprises, has raised $261 million in a series E round of funding from Bain Capital Ventures, Lightspeed Venture Partners, Greylock Partners, Khosla Ventures, and IVP. Following this investment, Rubrik is now valued at $3.3 billion -- more than double the value at its $180 million series D round in 2017. Founded out of Palo Alto in 2014, Rubrik is one of a number of data-management platforms that targets companies that store their data in public clouds, on-site servers, or through hybrid approaches.
Potential investors in the round include Chinese internet giant Alibaba. The post Fintech startup Akulaku said to be raising $100m Series D round appeared first on DealStreetAsia.
Medbanks Network Technology, an oncology database firm, has secured $59 million in a Series D round led by CDH Investments and CLP Fund. The post China Digest: Medbanks nabs $59m Series D; Shenzhen Lihexing snags $19m appeared first on DealStreetAsia.
Germany-headquartered mobile banking startup N26 has raised a whopping $300 million in a series D round of funding led by Insight Venture Partners, with participation from Singaporean sovereign wealth fund GIC and a handful of existing investors. This raise officially elevates N26 into the much-coveted unicorn club, bestowing upon it a valuation of $2.7 billion. Founded in 2013 as Number26, the Berlin-based fintech startup rebranded as N26 in 2016 just as it obtained its own banking license.
N26 is calling today's $300 million fundraise the "largest private equity financing round for a fintech company in Europe", and revealed the round places a $2.7 billion price tag on the company.
Gic Joins German Mobile Bank N26's Us$300m Funding Round, Banking News & Top Stories - The Straits Times
January 10, 2019 4:37 PMSINGAPORE - Singapore sovereign wealth fund GIC is taking part in a US$300 million (S$406.6 million) fundraising by N26, which aims to build the first global mobile bank.