Ant Financial, the fintech company affiliated with Chinese e-commerce giant Alibaba, is continuing its global expansion. The firm has taken its first official step into Indonesia today after it announced a joint venture to develop local financial services. The company has partnered with conglomerate Emtek, Indonesia’s second largest media firm and an investor in -major e-commerce… Read More
from TechCrunch
Indian health tech startup Lybrate has raised $3 million in new funding, according to a filing in the U.S., where it is incorporated.
Lybrate declined to comment on the filing, nor would it provide details of the investors who participated in the round.
Make what you will of that cagey response. The company last raised $10.2 million led by Tiger Global in July 2015, which is some time ago. Read More
from TechCrunch
Orbital Systems, a ‘clean-tech’ startup out of Sweden, has raised $15 million in Series B funding. The company’s founder and CEO Mehrdad Mahdjoubi has developed new re-purification technology, in collaboration with NASA, that significantly reduces the amount of water and energy used when taking a shower. The same technology can also be used to save water in other domestic… Read More
from TechCrunch
Qwilr, an Australian startup that helps companies turn boring PDFs and other static sales documents into attractive websites, has grabbed $1.5 million to develop its product and expand its global reach. Sydney-based Qwilr raised $500,000 from Sydney Seed Fund and Macdoch Ventures in 2015, but its new financing is provided by Germany’s Point Nine, a VC firm that specializes in… Read More
from TechCrunch
First Circle, a fintech startup enabling SME lending in the Philippines, has raised $1.3 million. The capital was provided by Accion Venture Lab, which is attached to finance-focused non-profit Accion, and Deep Blue Ventures. First Circle previously raised $1.2 million last year, and it counts 500 Startups, IMJ, and Key Capital among its backers. SME lending is a given in most Western… Read More
from TechCrunch
Zen Rooms, a budget hotel network targeted predominantly at Southeast Asia, has closed a $4.1 million Series A round to expand its presence in the region. The company, which was first founded by Rocket Internet in 2015, said the capital was provided by Korea’s Redbadge Pacific and SBI Investment Korea, with participation from existing investor Asia Pacific Internet Group, the joint… Read More
from TechCrunch
London based Beamery has closed a $5 million Series A for its candidate relationship software. The round is led by Index Ventures, with participation from existing investors Edenred Capital Partners, GP Ventures and LocalGlobe. Read More
from TechCrunch
When you have so much data that the real world doesn’t do it justice, why not toss it into virtual reality? Virtualitics is aiming to bring insight through isolation, visualization and manipulation, giving you a chance to get up-close and personal with your data while wearing a VR headset. The startup announced it has closed a $4.4 million Series A led by The Venture Reality Fund. Read More
from TechCrunch
Lyft has raised a total of $600 million in new funding, with a post-money valuation of $7.5 billion, the company announced via its blog on Tuesday. Reports had indicated the raise was in process, though the most recent figure pinned the total at $500 million, though that was prior to its closing. Lyft’s investment included new funding partners including Canada’s Public Sector… Read More
from TechCrunch
Don’t you love it when there’s a fragmented market with many different actors and outdated tech products? French startup FretLink is using all the tips in the startup handbook and applying them to a neglected industry: trucking. FretLink is a software-as-a-service marketplace connecting companies that need to send big piles of stuff with thousands of transportation companies. Read More
from TechCrunch