Fundings and Exits

As networks get put under increasing pressure from ever-growing amounts of data, network equipment manufacturers are facing huge challenges to increase data transmissions speeds over further distances. As a premiere networking equipment company, Cisco wants to be prepared to meet that demand. Today, it opened up its checkbook and announced its intent to acquire Luxtera
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TNB Aura, a recent arrival to Southeast Asia’s VC scene, announced today that it has closed a maiden fund at SG$31.1million, or around US$22.65 million, to bring a more private equity-like approach to investing in startups in the region. The fund was launched in 2016 and it is a joint effort between Australia-based venture fund Aura
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After raising $55 million in October at a $500 million valuation, business software marketplace G2 Crowd is making its first-ever acquisition to bring more features to its platform. It is acquiring Siftery, a startup that has built its own database of business software not on user reviews, but by providing a service to businesses where it
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Slack, the workplace messaging company, has hired investment bank Goldman Sachs to lead its IPO next year, according to a Reuters report. Reuters’ sources say the company is hoping to nab a valuation of “well over $10 billion.” The WSJ reported back in September that Slack was “actively preparing” for an IPO in the first
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Southeast Asian ride-hailing firm Grab has made its most ambitious investment to date after it backed India-headquartered budget hotel network OYO to the tune of $100 million. The investment was part of a $1 billion Series E round led by SoftBank’s Vision Fund that closed back in September. The deal was first made public via a
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Flipdish, the online ordering and loyalty platform for takeaways and restaurants, has closed a €4.8 million in Series A funding. The round is led by Rocket Internet’s Global Founders Capital, with participation by existing investor Elkstone. Founded in 2015, Flipdish enables restaurants to directly accept online orders and manage their online presence and operations in
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M17, the Taiwanese streaming company that controversially priced on the NYSE but didn’t list, has returned to the private markets after it raised a $25 million funding round. The round was led by Terry Tsang — CEO of Hong Kong-based games company Madhead — with participation from Pavilion Capital, Stonebridge Ventures and existing investors. This new investment follows a $35
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AsiaYo, a travel accommodation booking platform based in Taipei, Taiwan, has raised a $7 million Series B led by Alibaba Taiwan Entrepreneurs Fund, a nonprofit initiative run by the Chinese e-commerce giant, and China Development Financial. Darwin Ventures and Delta Ventures also participated in the round, which brings AsiaYo’s total raised since its launch in
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The humble business card is a target for disruption in Southeast Asia after Japanese contacts management startup Sansan raised JPY 3 billion ($26.5 million) to expand its business into the region. Founded way back in 2007, Sansan helps bring business intelligence to companies through a system that helps build connections between users and both internal employees
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Consumer credit giant Experian is continuing to back Asian fintech startups after it led a $10 million investment in Southeast Asia’s Jirnexu . Jirnexu, which is headquartered in Kuala Lumpur, operates financial comparison services in Malaysia and Indonesia. Those services aggregate offerings and deals from banks and financial services companies, effectively acting as a user acquisition
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BIOS, a neural engineering startup originally based out of Cambridge, U.K. and now with an additional newly opened R&D office in Montreal, Canada, has raised $4.5 million in seed funding. The company is developing a “neural interface” that combines advances in hardware, big data, and machine learning/AI, which it’s hoped can be used to develop
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Tencent Music Entertainment’s initial public offering is back in motion, two months after the company reportedly postponed it amid a global selloff. In a regulatory filing today, the company, China’s largest streaming music service, said it plans to offer 82 million American depositary shares (ADS), representing 164 million Class A ordinary shares, for between $13
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Easyship, a Hong Kong-based startup that aims to make international shipping for e-commerce as easy as payments, has closed a $4 million Series A round. The company was founded in 2015 by former Lazada duo Tommaso Tamburnotti and Augustin Ceyrac, and ex-banker Paul Lugagne Delpon. From their time with Lazada, the then-Rocket Internet -owned e-commerce site
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