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Posts Tagged ‘funding’

This new Southeast Asian fund has its eye on Chinese cross-border firms

As U.S.-China relations remain tense, Southeast Asia becomes the darling for investors and tech companies from both sides as they seek overseas expansion. Behemoths like Google, Facebook, Alibaba, Tencent and ByteDance have elbowed into the region. Some set up shop, while others formed alliances and took stakes in local startups. Now five prominent investors originating ...

The eSIM maker powering Xiaomi’s IoT devices raises $15M

Connectivity is vital to a future managed and shaped by smart hardware, and Chinese startup Showmac Tech is proposing eSIMs as the infrastructure solution for seamless and stable communication between devices and the service providers behind. Xiaomi accepted the proposition and doled out an investment for the startup’s angel round in 2017. Now Showmac has ...

Pure Watercraft ramps up its electric outboard motors with a $23M series A

Electric power only started making sense for land vehicles about ten years ago, but now the technology is ready to make the jump into the water. Pure Watercraft hopes that its electric outboard motor can replace a normal gas one for most boating needs under 50 HP — and it just raised $23.4M to hit ...

Indian mobile gaming platform Mobile Premier League raises $90 million

Mobile Premier League (MPL) has raised $90 million in a new financing round as the two-year-old Bangalore-based esports and mobile gaming platform grows its user base and looks to expand outside of India. SIG, early-stage tech investor RTP Global, and MDI Ventures led MPL’s $90 million Series C financing round, with participation from existing investors ...

Groww, an investment app for millennials in India, raises $30M led by YC Continuity

Even as more than 150 million people are using digital payment apps each month in India, only about 20 million of them invest in mutual funds and stocks. A startup that is attempting to change that by courting millennials has just received a big backing. Bangalore-headquartered Groww said on Thursday it had raised $30 million ...

Xometry raises $75M Series E to expand custom manufacturing marketplace

When companies need to find manufacturers to build custom parts, it’s not always an easy process, especially during a pandemic. Xometry, a 7-year old startup based in Maryland has built an online marketplace where companies can find manufacturers across the world with excess capacity to build whatever they need. Today, the company announced a $75 ...

Snyk bags another $200M at $2.6B valuation 9 months after last raise

When we last reported on Snyk in January, eons ago in COVID time, the company announced $150 million investment on a valuation of over $1 billion. Today, barely nine months later, it announced another $200 million and its valuation has expanded to $2.6 billion. The company is obviously drawing some serious investor attention and even ...

Sprinklr raises $200M on $2.7B valuation four years after last investment

Sprinklr has been busy the last few years acquiring a dozen companies, then rewriting their code base and incorporating them into the company’s customer experience platform. Today, the late-stage startup went back to the fund raising well for the first time in four years, and it was a doozy, raising $200 million on a $2.7 ...

Reliance Retail to raise $1 billion from Silver Lake

Indian billionaire Mukesh Ambani’s retail venture Reliance Retail said on Wednesday it will raise $1.02 billion from Silver Lake, kickstarting a fundraising spree months after its sister venture Jio Platforms raised $20 billion. The investment from Silver Lake values Reliance Retail, the largest retail chain in India, at $57 billion, they said. Silver Lake will ...

Demodesk snags $8M Series A to continue developing sales demo platform

It is clear that as the pandemic has taken hold in 2020, in-person meetings have gone by the wayside. Yet sales teams still need a way to demo their products for potential customers, particularly SaaS vendors. Enter Demodesk, an early stage startup and Y Combinator Winter 2019 grad, which is building an online sales demo ...