Sequoia Capital Leads $22M Series A+ Round In Chinese Data Service Firm Yunxi Technology - China Money Network
Hangzhou-based Yunxi Technology, an intelligent digital service provider, has raised RMB150 million(US$22 million) in series A+ financing round from Sequoia Capital. Existing investor Yunfeng Capital also participated in the latest round, the company announced yesterday in The Computing Conference 2018 of Alibaba Cloud in Hangzhou.
Dealshot: Sequoia Capital Leads $22M Series A+ Round In Chinese Data Service Firm Yunxi Technology - China Money Network
China Money Network's DealShot provides detailed information on venture capital and private equity deals in China on a daily basis. Here you can find out where Chinese investors have been investing their money each workday. DealShot: Sequoia Capital Leads $22M Series A+ Round In Chinese Data Service Firm Yunxi Technology appeared first on China Money Network.
Even after the public scrutiny the tech sector experienced in the face of the #MeToo movement, the amount of funding for diverse startups is paltry.
It's time to catch up on some recent Boston-area tech happenings: --Takeoff Technologies, a Waltham, MA-based developer of robotic systems for grocery order fulfillment, recently raised $24 million from investors, the company said in an e-mail to Xconomy. The Series B funding round was led by Forrestal Capital and brings the startup's total venture capital haul [...]
Chinese private equity firm GSR Ventures, an early backer of the country's ride-hailing giant Didi Chuxing, has closed a new US$400 million fund to invest in technology start-ups. The new Fund VI, which is denominated in the US dollar, will focus on early-stage investments, said Bloomberg citing James Ding, managing director at GSR Ventures. "It was about US$400 million," Ding said about the fund. "We only invest in seed and A rounds with a little bit of B round so ... Chinese PE Firm GSR Ventures Closes $400M Fund To Invest In Tech Start-Ups appeared first on China Money Network.
When Instacart raised money at a $4.35 billion valuation in April, it marked a 28% step up from its previous valuation of $3.4 billion. That was surprising: Instacart raised the round as it was facing tougher competition from Amazon.com's introduction of same-day Whole Foods grocery deliveries. It turns out, though, that investors weren't as bullish as the valuation increase suggested. Investors in the round agreed to pay only 9% more for Instacart shares than in the last round in 2017. Most of the valuation increase was due to Instacart issuing new shares, which means existing investors saw little gain.
A Chinese app that does just about everything has found strong demand for its shares, bucking the trend of recent tech IPOs. This suggests there's still healthy interest in buying into China's fast-developing internet economy.
Last week marked the one-year-anniversary of Amazon opening up its search for HQ2. There were quite a few news outlets that, for the occasion, rolled out opinion pieces on what it has all meant. Axios wrote that what's even more important than where Amazon will locate its headquarters is the fact that the company now has a [...]
Finhaven Technology Inc has secured about $6.7 million (US$5.13 million) in a Series A financing. The round was led by Dunamu & Partners, the venture capital arm of South Korea's Dunamu Inc. Lanebury Growth Ca [...]
ANALYSIS: Online travel platforms are hot. At least that's what the recent flurry of venture capital (VC) investments that have landed in tech startups' laps suggests. This week, Paris-based Evaneos announced an $81 million round of funding led by Partech, taking the startup's total funding to $109 million. Evaneos is an online marketplace that lets you tailor and book [...]