London-based interior decoration startup Clippings has raised a Series B round of funding, raising $15.4 million. The round was led by Advance Venture Partners (AVP) with participation from existing investor C4Ventures. Founded in 2014 by architecture-trained entrepreneurs Adel Zakout and Tom Mallory, Clippings aggregates data on over 7 million products from over a thousand brands to simplify… Read More »
Cleo the London-based “digital assistant” that wants to replace your banking apps has raised $10 million in series A funding Already backed by some of the biggest VC names in the London tech scene — including Entrepreneur First, Moonfruit founder Wendy Tan White, Skype founder Niklas Zennström, Wonga founder Errol Damelin, TransferWise founder Taavet Hinrikus and LocalGlobe — Cleo is… Read More »
On Thursday, Portuguese-based edtech startup Magikbee announced it had secured an additional $250,000 in funding to help the young company to continue to develop its edtech portfolio, bringing the total worth to $3.3 million. the funding round was led by Ideias Glaciares, Bluemind Investments and James Fitzgerald, Global Vice-President of ServiceNow. Over the past two years, the company has… Read More »
On Thursday, Singapore-based OHMYHOME announced it has raised S$4 million in Series A funding. The funding was led by Golden Equator Capital with participation from individuals and family offices. Launched in September 2016 by sisters Rhonda Wong and Race Wong, Ohmyhome seeks to simplify how properties in Singapore are being transacted, through making housing transactions… Read More »
Livspace, a Singapore-founded home interior and renovation platform whose three-sided marketplace brings together homeowners and a curated community of designers and vendors, has raised US$70 million in Series C funding. The round was led by global investment funds TPG Growth and Goldman Sachs with participation from existing investors Jungle Ventures, Bessemer Venture Partners and Helion Ventures also… Read More »
A new study by Carta, a Palo Alto company that helps startups manage employee and investor equity has found that female employees at startups typically get less than half the amount of equity of their male peers. Female employees own 47 cents for every dollar of equity a male employee owns. The equity discrepancy is even more… Read More »
India’s software services industry body The National Association of Software and Services Companies (Nasscom) unveiled the second phase of the 10,000 start-ups initiative that will focus on mentoring deep technology ventures in areas such as artificial intelligence (AI), machine learning (ML) and blockchain. The Accelerate 10X programme, that aims to catapult the nation’s deep tech startup ecosystem onto… Read More »
Chinese private equity firm GSR Ventures that is notably known for having been an early backer of ride-hailing giant Didi Chuxing, has closed a new $400 million fund to invest in technology startups. Fund VI, which is denominated in U.S. dollars, will focus on early stage investments, Managing Director James Ding told Bloomberg Television. GSR manages about $2… Read More »
Health services organization Cigna on Wednesday launched a corporate venture fund with an infusion of $250 million in capital to be invested in healthcare technology startups and early-stage companies. Cigna Ventures will focus on “transformative and innovative” healthcare startups specializing in analytics, digital health, retail, care management, and other business opportunities related to value-based care…. Read More »
A venture capital fund backed by nanoelectronics and digital technologies research hub imec in Belgium has closed its first fund with $137 million in committed capital. The fund aims to address a problem that has plagued European semiconductor and hardware research spinouts and startups for many years — the gap in growth funding. Imec.xpand, an… Read More »
