Research marketplace Science Exchange is now $25 million richer. The startup hooking researchers up with service providers just pulled in that amount in Series B funding, putting the total raised at $40 million. Maverick Capital led the round, with participation from Union Square Ventures, Index Ventures, OATV, Collaborative Fund, YC Continuity Fund, TEDMED CEO Jose Suarez, Sam Altman, Steve… Read More
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Cherubic Ventures, an early-stage VC firm with a focus on the U.S. and Asia, has announced a new fund targeted at $120 million. Read More
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There’s more money flowing into India’s e-commerce space after BigBasket, a Bangalore-based company that focuses on groceries, landed a $150 million investment led by The Abraaj Group in the UAE. Read More
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GoCardless has become somewhat of a poster child for the London fintech scene. Offering an alternative to card payments, the startup provide’s a simple way for businesses to set up and accept bank-to-bank payments online (also known as Direct Debit), and is now processing £1 billion worth of payments annually. That’s up from £500 million in July — a figure that co-founder… Read More
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Eye-tracking virtual reality headset maker FOVE has closed an $11 million Series A led by Colopl VR Fund, with participation from the venture fund of Hon Hai (Foxconn), 2020, and Samsung Venture Investment. Read More
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Nuren Group, a Malaysian-based company that runs community and e-commerce sites for women, has raised a $2 million Series A led by Gobi Partners. Read More
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“You’ll notice we have many more startups that aren’t in the traditional software category,” said Y Combinator President Sam Altman at the start of its Winter 2016 Demo Day 1. While once upon a time YC was known for legions of social and marketplace apps no one needed, it’s branched out. Now Silicon Valley’s top accelerator features tons of hardware… Read More
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RecomN, a platform that helps Malaysian and Indonesian users find service providers for important projects, will enter new Southeast Asian markets after raising $1 million in seed funding from Gobi Partners. The company was launched in July 2014 and inspired by expensive mishaps two of its co-founders, Alex Tan and Jes Min Lua, experienced. Read More
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After launching a standalone app for Ola Money in November last year, Indian transportation app Ola has made an acquisition to double down on its mobile wallet and payments business: the company has acquired Qarth, a startup that has developed a mobile payments app called X-Pay. Financial terms of the deal have not been disclosed. The is the third acquisition announced by Ola, and the first… Read More
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UK fintech startup Elliptic has pulled in a $5 million Series A round to keep building out its blockchain forensics tool. Its transaction-tracing technology mines the public Bitcoin ledger to identify and flag up suspicious transaction patterns within the distributed digital currency — offering the promise of combating Bitcoin-powered money laundering and other criminal activity. Read More
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