- Beijing-based Yummy Express, China’s O2O solutions provider offering logistics and operations services completed $10 million of Series C Financing, led by ClearVue Partners. ClearVue Partners is a private equity fund targeting fast growing and promising consumer companies in the Greater China region. ClearVue Partners is the lead investor along with co-investor SBCVC. This financing will help continue to position Yummy Express as the leading trusted O2O solutions provider in China.
- Sydney fashiontech startup Fame and Partners secured a $10.2 million raise from two US venture capital firms as it moves its headquarters to Los Angeles. New York City-based firm Firstmark Capital and LA-based Upfront Ventures have co-led the startup’s Series A round. The startup uses a trend tracking algorithm to bring high end designs to customers at a considerable discount.
- Takipi, a San Francisco, CA-based real-time event intelligence company, raised $15 million in Series B funding. The round was led by Lightspeed Venture Partners with participation from existing investors Menlo Ventures. The company, which has received $22m in venture funding to date, intends to use the funds to scale its efforts in sales, marketing and R&D.
- Bugcrowd, Inc., crowdsourced security for the enterprise company, closed $15 million in a Series B funding round led by Blackbird Ventures. Existing investors Rally Ventures, Costanoa Venture Capital and Paladin Capital Group participated in the round, and were joined by new investors Industry Ventures and Salesforce Ventures. The additional funds will be used to accelerate customer and crowd growth, pursue strategic partnerships and accelerate engineering and R&D efforts.
- Healthcare start-up 1mg Technologies Pvt. Ltd raised Rs.100 crore (approximately $16 million) in a Series B funding round from Maverick Capital Ventures, the venture capital arm of US-based hedge fund Maverick Capital, besides existing investors Sequoia Capital and Omidyar Network, the company said in a statement. 1mg had earlier raised $6 million from Sequoia Capital, Intel Capital, Omidyar Network and Deep Kalra, co-founder of travel portal MakeMyTrip, in April last year.
- Brighter, a healthcare software company that helps health insurers transform passive patients into active healthcare consumers, raised $21 million in Series D financing led by General Catalyst Partners with participation from DAG Ventures and existing investors, Mayfield, Benchmark and Tenaya. The company will use the proceeds of the financing to actively recruit enterprise software product and engineering talent to continue to innovate and expand the capabilities of the Brighter platform across additional carrier partners.
- Madrid, Spain-based Cabify raised $120 million in a new round of financing, led by Japanese e-commerce juggernaut Rakuten, which is investing $92 million in the ride-hailing company. The round values the Uber competitor at around $320 million, in a sign that Rakuten believes that this market is not winner-takes-all. The Japanese company is also a major investor in Lyft.
If you are interested in being included in our funding roundup, submit your press release or blog post about your financing round to mitos@vator.tv.
Image source: techinasia.com
