Category: Fundings and Exits

MioTech gets $7M to build artificial intelligence based tools for wealth managers in Asia

MioTech, a financial tech startup with offices in Hong Kong and Shanghai, has raised $7 million in Series A funding to develop artificial intelligence based software for investment managers. The round was led by Horizons Ventures, the private investment arm of Hong Kong business tycoon Li Ka-shing, with participation from

eShares raises $42 million to manage equity compensation and investments

eShares wants to be the platform for all things equity. From cap table management to secondary transactions, eShares’ software helps businesses like Slack, Flexport and Funding Circle keep tabs on their shares. The startup is raising a $42 million Series C, led by Menlo Ventures and Social Capital. Matt Murphy

Bigscreen nabs $11M in funding as it looks to build the perfect virtual movie-watching app

Big screens apparently mean big money. Virtual reality remote desktop app Bigscreen has added $11 million in Series A funding to its pocketbooks as it looks to weather some waning investor interest in VR and build up its technologies while the VR headset market builds itself up. The round was

Used car buying site Carspring goes quiet after Rocket Internet pulls investment

Carspring, the London and Berlin-based startup that makes it easy to buy a used car, has gone quiet, amid reports that its recent £5 million in Series B funding fell through. According to sources, Rocket Internet has pulled its investment in the company, which it co-founded with ex-McKinsey management consultants

Laundryheap, a London-based laundry startup bootstrapped for three years, raises £2M

Laundryheap is a London-headquartered laundry on-demand startup that has taken a different path to competitors such as Laundrapp and Rocket Internet’s Zipjet. Rather than raise VC funding, the company, which claims to already be break even and is operational in London, Birmingham, Manchester, Dublin and Dubai, has been entirely bootstrapped

Meal kit startup Gobble has raised $15 million in Series B financing from Khosla

Gobble, a 15-minute meal kit delivery service, has raised $15 million in Series B growth financing from Khosla Ventures, TechCrunch has confirmed. Khosla Ventures led the round, along with participation from previous investors A16z, Trinity Ventures and Initialized Capital. Gobble came out of Y Combinator in 2015, around the same

Aviva is taking a majority stake in robo investment startup Wealthify

UK-based insurance giant Aviva has announced it’s buying a majority stake in robo investment startup, Wealthify. The financial value and exact size of Aviva’s majority stake has not been disclosed but a spokesman told us: “It is a significant investment and importantly, gives us access to Aviva’s millions of UK

Zefo, an online store for secondhand goods, gets $9.2M Series B led by Sequoia India

Zefo, which bills itself as “India’s fastest growing used goods marketplace,” said today that it has raised $9.2 million in Series B funding. The round was led by returning investors Sequoia India and Helion Venture Partners, with participation by Beenext. Along with its Series A, which Zefo closed last year,