Masabi, a mobile ticketing and transportation payment company based in the U.K., has raised $20 million in a Series B funding round, according to reports. The round was led by Smedvig Capital, with MMC Ventures and other companies also investing. The new round brings the...
Investing on the part of venture capitalists in financial technology startups — otherwise known as FinTechs — declined during the first quarter of 2019, with China feeling the most pain. That’s according to a report in The Financial Times citing research by CB Insights, the market research firm,...
With bets on companies such as Uber and WeWork, SoftBank has become a tech investment powerhouse. But making money is not necessarily the end-all be-all when it comes to its investments, CNBC reported. SoftBank Vision Fund’s Managing Partner for EMEA and Asia Munish Varma said...
SoftBank is set to make a $1 billion investment in Latin American delivery app Rappi. Citing sources familiar with the matter, Bloomberg reported that the investment will probably be led by the newly formed Innovation Fund, which was launched by SoftBank Chief Operating Officer Marcelo Claure...
Ayala, the Philippines-based conglomerate, is raising money for a new capital fund that will invest in technology companies. As reported in Deal Street Asia, Ayala Chairman and Chief Executive Jaime Augusto Zobel de Ayala said the focus will be on companies in eCommerce, FinTech and healthcare. The...
GetYourGuide, the German startup that lets people find and book travel tours based on a catalog of more than 35,000 activities, may have raised €500 million in venture funding. According to a report citing a German blog, the funding included participation from SoftBank. The startup garnered a...
SoftBank is finally seeing a boost in its cash flow after spending billions on investing in other companies. Founder and CEO Masayoshi Son launched the $100 billion Vision Fund in 2017. Since then, the firm has invested billions in companies, including Singapore-based ride-hailing company Grab,...
The earliest investors in ride-hailing company Uber are looking to sell about $1.3 billion in shares during the company’s initial public offering (IPO) next month, according to a report by Bloomberg. Alphabet and Saudi Arabia aren’t planning on selling any stock, but venture capital firm...
PayPal’s venture capital arm has invested $11 million in online returns service Happy Returns. The funding is the largest round to date for the company, bringing Happy Returns’ total raise to $25 million. “It’s a huge validation for us,” Happy Returns Co-Founder and CEO David...
