Fundings and Exits

Airwallex, an Australia-based fintech startup that helps banks and businesses handle cross-border transactions at scale, has closed a $6 million investment ahead of a planned Series B next year. The new funding comes from Square Peg — a VC firm located in Melbourne, the same city as Airwallex HQ — which joins Tencent, MasterCard, Gobi Ventures and Sequoia
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Go-Jek, the company leading Uber and Grab in Southeast Asia’s largest market, has bagged a hattrick of deals to advance its mobile payment strategy. Indonesia-based Go-Jek revealed it has acquired offline payment firm Kartuku, payment gateway Midtrans and payment and lending network Mapan for undisclosed sums. The company started out in 2015 offering a ride-hailing service for motorbike
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In the eight years since Frederic Descamps and Jordan Maynard launched their last gaming startup, the industry they helped shape with A Bit Lucky now brings in more than $100 billion in revenues globally. Games like League of Legends and PlayerUnknown’s Battlegrounds have brought about a resurgence in gaming on personal computers. Indeed, user-generated content
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Getting the myriad of devices involved in the industrial internet of things provisioned and communicating with one another in a secure way will be one of the great technological challenges facing companies in the coming years. Xage (prounounced Zage) emerged from stealth today with a blockchain-based security solution that could help simplify this. The company also
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Paddle, a U.K. startup that offers software companies a single platform for the entire software sales process — including trials and licenses, payments, and analytics — has raised $12.5 million in further funding. Leading the Series B round is enterprise-focussed VC Notion, with participation from existing investors BGF Ventures and Kindred Capital. MacPaw, the independent
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A who’s who of celebrities, investors and celebrity investors have come together to invest $47 million into Aspiration, the company launched by a former speechwriter for President Bill Clinton to challenge the traditional banking industry. For Andrei Cherny, Aspiration’s founder and chief executive, the company’s business is an inversion of the business model of the
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Affirm, the platform that helps consumers find financing, is getting some financing of its own. The San Francisco-based company confirmed that it’s raising $200 million, led by GIC, a Singaporean sovereign wealth fund. Existing investors Khosla Ventures and Spark Capital are also participating. Affirm’s valuation is estimated to be between $1.5 billion and $2 billion,
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That didn’t toque too long! The Boring Company has now sold 30,000 hats to fund its hole-some mission, founder Elon Musk tweeted today. That’s double the sales Musk announced just three weeks ago. Production will be capped at 50,000 hats, so if the current momentum doesn’t fez out, trilby all gone soon. Over 30,000 hats
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Uber has struck a major deal in Southeast Asia after ComfortDelGro, Singapore’s largest taxi operator, announced [PDF] it has agreed to buy a majority share of the ride-hailing giant’s Singapore-based car rental business. The deal will see a joint venture valued at SG$642 million (US$474 million) established to run Uber’s Lion City Rentals subsidiary in Singapore. Comfort
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PullRequest, a Y Combinator Summer 17 graduate, announced a $2.3 million seed round today led by Google’s new AI fund, Gradient Ventures. The Slack Fund, Fika Ventures, Defy Ventures, Lynett Capital, FundersClub and Joe Montana’s Liquid2 Ventures also participated. The company has been concentrating on providing code review as a service, a task that often gets
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To hear Naspers and the Latin American marketplace developer Movile tell it, food is the thing to make a company king in international markets. Naspers, a South African-based global investor and media conglomerate, has joined the private equity firm Innova Capital to funnel another $82 million into Movile — primarily to increase Movile’s stake in iFood, a Latin
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B Capital, the investment firm from Facebook co-founder Eduardo Saverin that is backed by BCG, has stepped into India after it backed smart point-of-sale company Mswipe in its first deal in the country. The U.S.-Asia fund is investing $10 million into Mumbai-based Mswipe alongside DSG Consumer Partners in what is an extension to a Series D round
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Marketing tech company Zeta Global is making good use of its recent $140 million Series F funding round. After acquiring Boomtrain earlier this year, the company today announced it has acquired Disqus, a service you’re probably familiar with thanks to its ubiquitous online commenting service that powers the commenting sections of sites that range from
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Fractyl Labs, a Lexington, Massachusetts-based startup developing treatments for diabetes, has raised $44 million in Series D financing from a slew of VC firms, including GV, True Ventures, the IDO Fund, General Catalyst, Bessemer Venture Partners, Domain Associates, Mithril Capital Management, Emergent Medical Partners, L.P., and Deerfield Management Company, L.P. Fractyl has been working on
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Arianna Huffington wants you to work smarter, not harder. She believes a corporate mentality that rewards burning the midnight oil is actually reducing productivity, by causing burnout. Lack of sleep could be costing the U.S. economy $411 billion per year, it turns out. So last year, the HuffPost founder and Uber board member, launched Thrive Global,
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Uber has given its shareholders an update on the company’s performance and it’s definitely in the red. The global ridesharing company lost $1.46 billion in just the third quarter. This compares to negative $1.06 billion in the previous quarter. But net revenue also went up from $1.66 billion to $2.01 billion. Gross bookings grew to $9.71
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