Trouva, an online marketplace for merchants that don’t sell their products online, has raised $10 million in a new round of venture funding. According to a news report in Venture Beat, the company raised the $10 million via a Series A round led by BGF...
Despite failing to meet growth projections and seeing a decrease in ad sales, Snapchat disclosed that Tencent has increased its stake in the company by more than 12 percent. According to The New York Times, the investment by the Chinese internet giant is aimed to give...
SouChe.com, the Chinese car trading website, raised $335 million in venture capital funding, led by eCommerce giant Alibaba. According to news from Bloomberg, other investors that took part in the round of funding included Warburg Pincus, Primavera Capital and CMB International. With the latest round of...
Remitly, an independent digital remittance company, announced that it had agreed to raise up to $115 million in series D funding, according to Business Wire. PayU, a FinTech investment division of Naspers, will lead the investment round. Remitly investors Stripes Group, DFJ and DN Capital...
Constellation Brands, a beer distributor that owns Corona, announced that it has signed an agreement to buy an almost 10 percent stake in Canopy Growth Corporation, the world’s largest publicly traded cannabis company. The deal is expected to approximate C$245 million, representing an ownership interest...
Ant Financial, the financial arm of China’s Alibaba, and Samsung Group, the South Korean consumer electronics giant, led a $40 million fundraising round for DeePhi Tech, the Chinese artificial intelligence (AI) startup. According to news from the China Money Network, China Merchants Capital and China...
Hiya, which was spun out by Whitepages a year ago, announced its first outside funding: a Series A of $18 million led by Balderton Capital, with participation from Nautilus Venture Partners and Lumia Capital. The Seattle-based Hiya uses machine learning analytics on a vast database...
Investor, entrepreneur and former Apple exec Tony Fadell has unveiled his latest investment: a new investment and advisory firm called Future Shape that’s working with engineers and scientists. According to a Tech Crunch news report, the firm’s site explained that the company is not relying...
BankBazaar, an Indian company and digital credit marketplace, received $30 million in funding yesterday, according to a news report from TechCrunch. The investment comes primarily from British credit firm Experian, which has an $18 billion market cap. “Experian is a global leader in credit reporting...
