Chinese mega-investor Tencent will pour 500 billion yuan ($70bn) into emerging technology, as part of an ambitious five-year investment project. The move follows April’s creation of a Chinese blockchain committee by the…
German Healthcare Jobs Startup Medwing Wins $30m Series B Round
Berlin-based Medwing, a startup aiming to plug shortages in European healthcare jobs, has secured a $30 million Series B funding round. The investment was the first in Germany led by Cathay Innovation,…
Database Startup Couchbase Raises $105m Series G Round
Californian database startup Couchbase has secured a $105 million Series G funding round, bringing the Oracle-competitor’s total backing to around $234m, plus $50m in debt. Chief executive Matt Cain said it was…
London’s TransFICC Wins $7.1m Series A Round
British fintech startup TransFICC has raised a £5.75 million ($7.14m) Series A funding round, as it aims to extend market coverage for its e-trading API solution. The round was led by AlbionVC,…
China Tech Investments Down 31% in Q1 2020, as Corona Continues to Steamroll Economy
Investments into China’s technology industry fell by 31% in the first quarter of 2020, as the COVID-19 outbreak battered the country’s economy. VC into the sector was $16.8 billion this Q1, compared…
Private Capital Fundraising Increased in 2019
Limited Partners continued to pour money into private markets in 2019, as $888 billion was raised across 1,064 funds, the most ever on an annual basis according to data from Pitchbook. The…
Airbnb’s Losses Arrive Just in Time for IPO
In the first nine months of 2019, Airbnb posted a loss of $322 million, according to the Wall Street Journal, and the timing could hardly be worse. In the same period in…
Course Hero Valued at $1.1 Billion in Latest Investment Round
Course Hero has become the latest education startup to be valued at more than $1 billion, after securing a $10 million Series B funding round from NewView Capital. The Redwood, California-based company…
Visa Leads $80m Currencycloud Funding
London-based remittance startup Currencycloud has won $80 million in funding led by Visa. The Series E round—Currencycloud’s eleventh since its 2012 conception—also included cash injections from payment giants like the World Bank…
Casper Files for IPO Despite Perilous Conditions
Casper, the mattress startup, has filed to go public on the New York Stock Exchange, prompting a flurry of jokes about the company not being spooked by the IPO troubles of other…