Month: January 2018

Engine Biosciences raises $10 million in Southeast Asia’s largest institutional seed round

Life sciences startups in Asia are getting another boost with the $10 million investment in Engine Biosciences — a biotech company that’s applying machine learning to genomics for drug discovery. With its headquarters in both Singapore and San Francisco, the company has managed to attract some impressive investors from both

Asana raises $75M Series D led by Al Gore’s Generation Investment Management

Asana, the productivity and collaboration service, is getting a major infusion of cash after Generation Investment Management, a London-based firm backed by former U.S. Vice President Al Gore, led a $75 million investment. Investment Management was joined in this Series D round by existing backers 8VC, Founders Fund, Y Combinator

Samsung confirms it is making ASIC chips for cryptocurrency mining

Fresh from toppling Intel as the planet’s biggest seller of chipsets, Samsung has confirmed that it has begun manufacturing ASIC chips which are used to mine bitcoin, ether and other cryptocurrencies. “Samsung’s foundry business is currently engaged in the manufacturing of cryptocurrency mining chips. However we are unable to disclose

Speedinvest x is a new micro VC fund that will invest in European early-stage marketplace startups

A new vertical fund from pan-European VC firm Speedinvest is officially outing today. Dubbed “Speedinvest x” and targeting a final closing of €25 million, of which €20.5 million has already been committed, the micro VC fund will target early-stage marketplace startups exclusively. Specifically, I’m told Speedinvest x will make pre-seed,

Chat app Line announces plan for cryptocurrency services, loans and insurance

Line, the messaging app with around 200 million monthly users, is embracing bitcoin and other cryptocurrencies to fend off increased competition from Facebook and others. The Japanese company today announced the creation of a new financial services division which will spearhead a move into cryptocurrencies and other services including loans