Alibaba isn’t the only e-commerce service in China with a financial services arm capable of raising large amounts of external funding. While Alibaba’s Ant Financial raised an undisclosed round last summer at a colossal $45-$50 billion valuation, its rival e-commerce giant JD.com’s money-focused unit is also in the money after it took in RMB 6.65 billion from a clutch of… Read More
from TechCrunch
Appcelerator has been acquired. The mobile app development platform that counts the likes of T-Mobile, PayPal and GameStop among its customers has been bought by the B2B enterprise company Axway in an all-cash deal.
Chances are, Axway isn’t a company you’re necessarily familiar with, but it’s a large publicly traded company with headquarters in Scottsdale, Arizona… Read More
from TechCrunch
Estimote, a beacon company whose small, wireless sensors and accompanying software provide indoor location technology to some of the largest retailers as well as 65 percent of the Fortune 100, has now closed on $10.7 million in Series A funding. The round will help the business scale to meet the needs of its current customer base, around half of which is retail, as well as fund R&D… Read More
from TechCrunch
It’s looking like 2016 will be a big one for budget accommodation in Southeast Asia. Which is great news for business travelers, and my expense claims. RedDoorz, one of a number of companes offering a standardized hotel stay without breaking the bank, has landed SG$2 million (around $1.4 million) in fresh funding to expand out of Indonesia, the market it debuted in last year. Read More
from TechCrunch
A major piece of consolidation in the UK comms network landscape has today been green lit by the Competition and Markets Authority, with the body approving the £12.5 billion ($19BN) acquisition of mobile carrier EE by incumbent telco and broadband provider BT after a 10-month investigation. BT and EE confirmed they had reached an agreement on an acquisition last February. For BT, best… Read More
from TechCrunch
Euclid Analytics plans to help more companies track customer traffic in their retail stores after raising a $20 million Series C. The funding will be used to acquire clients, add new employees, and build Euclid’s location analytics platform. Read More
from TechCrunch
Looker is trying to simplify the way companies use analytics and today it announced $48 million in Series C funding to continue the mission. The round was led by Kleiner Perkins Caufield & Byers (KPCB). Previous investors Redpoint Ventures, Meritech and Sapphire Ventures also participated. This round doubles their total raised to date to $96 million. This funding round comes less than… Read More
from TechCrunch
MiMedia is a slick personal cloud storage service for all of your photos, videos, music and other files. It has flown under the radar since the team started building it back in 2010, but it looks like the company is now ready to make a bit of a splash. New York-based MiMedia today announced that it has raised a $15 million Series C round. What’s a bit unusual about this round is that… Read More
from TechCrunch
Care24 is the latest home healthcare startup to get funding in India. The Mumbai-based company announced today that it has closed a $4 million Series A from SAIF Partners, which it will invest in caretaker training and its technology platform. Read More
from TechCrunch
Hot on the heels of PushDoctor’s $8.2 million Series A, another U.K. startup playing in the digital health app space has picked up funding. Babylon Health, which like PushDoctor, lets you have video consultations with a doctor (and a lot more), has raised a $25 million Series A round led by Investment AB Kinnevik, the Swedish listed entrepreneurial investment. Read More
from TechCrunch