Chinese photo sharing and messaging app Blink has attracted $20 million in Series A investment from Tencent. Sequoia Capital, H Capital, ZhenFund and Innovation Works also participated in the round, according to a report from Techweb. The Blink app, which is available in both Chinese and English, allows users to send photos, videos and audio messages to friends, which disappear after they are swiped away by the recipients.
WeSwap, a peer-to-peer travel money exchange, has raised $7.5 million in Series A funding, led by IW Capital. EC1 Capital also participated in the round. The company’s platform allows users to swap currencies while avoiding bank and travel currency provider fees. WeSwap will use the funds to roll out its offering over multiple global markets. Simon Sacerdoti, Founder & CFO/COO, WeSwap: “The investment will enable us to continue to develop our product and expand the team to support the growth in our community and our business.”
IMatchative, a company which uses big data analytics and behavioral science for business decisions, has raised $20 million in Series B funding, in a round led by Wells Fargo & Company, Control Empresarial de Capitales, S.A. de C.V., controlled by Carlos Slim, David Bonderman, founding partner of TPG Capital, and Andy Redleaf, the CEO of Whitebox. The company’s main product AltX uses analytics and other processes to assess the risk tolerance, investment goals and preferences of investors in the fund selection process. Jeff Ubben, founder of Value Act Capital also invested in the round. “We are delighted to have this distinguished team of strategic investors. Having some of the most successful and sophisticated investors in the world as our allies in the development of AltX is testament to the value our product provides to the marketplace, as well as the need for a more efficient and lower cost method for discovering, evaluating and investing in the hedge fund space.” IMatchative Inc.’s CEO, Sam Hocking said.
Olacabs, a Bangalore, India-based cab booking service, has raised $210 million in new funding from SoftBank Corp, The Economic Times reports. The investment values the company at nearly $1 billion. The company raised funds only three months ago from investors such as Steadview Capital, Sequoia Capital, Tiger Global and Matrix Partners. Olacabs was founded in 2010 and has raised over $270 million to date.