Wacai, a China-based personal finance company, has secured $50 million in Series B funding led by CBC Capital and CICC Jiacheng. Previous investors IDG, CDH Fund and Qiming Venture Partners also participated in the round. Wacai has now raised over $80 million to date and the latest rounds will be used for technology development and marketing. Wacai was founded in 2009 and acquired financial data analytics company Trust Analytics last year. The company now aims to construct a user credit system.
Narrative Science, an automated narrative generation provider, has raised $10 million in Series D funding led by USAA. The company, which is a Red Herring Top 100 winner, also announced it has entered into a software licensing agreement with USAA. Existing investors Sapphire Ventures, Jump Capital and Battery Ventures all participated in the round. “USAA is a leader when it comes to providing its members with financial services and is always looking for ways to increase the effectiveness of the advice it provides,” said Stuart Frankel, CEO at Narrative Science. “Our relationship with USAA will allow both companies to deliver highly-scalable solutions that will turn mountains of financial data into information that can be easily understood and acted on by millions of people.”
Online media publisher Vox Media has raised $46.5 million in Series E funding from General Atlantic, according to reports. The company, which owns Vox.com, The Verge and SB Nation is valued at around $380 million following the investment. “The (General Atlantic) investment is an important milestone,” Vox Media CEO Jim Bankoff wrote in a memo to employees Monday. “The investment doesn’t change anything. It’s about accelerating our momentum.”
Lazada Group, a Singapore-based e-commerce startup, has raised $249 million in funding, according to the Wall Street Journal. The investment was led by Temasek Holdings, and brings Lazada’s total funding to date to around $647 million. Existing investors Rocket Internet, Investment AB Kinnevik and Verlinvest all participated in the round.