There’s a new early-stage fund in town — town being Southeast Asia. Singapore-based Jungle Ventures, the VC firm that launched a $100 million fund last year, today announced a new fund focused on seed stage investments in the region. Read More
from TechCrunch
Whill, a startup dedicated to building better wheelchairs and mobility devices, plans to enter the European market after raising a $17.5 million Series B. The round was led by Eight Road Ventures with participation from other investors including Mirai Creation Investment Limited Partnership and Golden Asia Fund II. Read More
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Marketo, the marketing software giant that went public in 2013, is being taken private again: PE firm Vista Equity Partners has acquired the company for $1.79 billion in an all-cash deal. The news ends weeks of speculation in which people guessed that Marketo would be snapped up potentially by strategics like Microsoft (who is a big partner of Marketo) or SAP. In the end, it’s a PE… Read More
from TechCrunch
Twiggle, a Tel Aviv-based startup that is developing a new e-commerce search engine, announced today that it has added Alibaba Group as a new investor. Alibaba’s funding counts as the second tranche of Twiggle’s Series A round. Read More
from TechCrunch
Tynker, a startup that creates apps and curricula that teach kids the basics of coding using games and real-world gadgets, is looking to grow — and has raised $7.1 million in a Series A funding round to do so. Read More
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Lalamove, one of a number of companies offering logistics on-demand in China and across Asia, has closed $10 million in funding as it targets profitability this year. Read More
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If you have albums and shoeboxes stuffed with old photos, a startup called Photomyne wants to help you scan those photos, in order to bring them online where they can be saved and shared. Now the Tel Aviv-based company has raised $2.6 million in seed funding to continue to grow its business, which today is closing in on its first million users, over half of whom are paying customers.… Read More
from TechCrunch
Althea, a Korea-based company that exports and sells cosmetics and beauty products to Southeast Asia, has closed a $3.5 million Series A round for expansion. Read More
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Creema is latest handmade marketplace in Asia to raise new funding. The Japanese startup announced this week (link via Google Translate) that it has received 1.1 billion yen (about $10 million) from Globis Capital Partners and returning investor KDDI Open Innovation Fund (the venture fund run by Japanese telecom KDDI). Read More
from TechCrunch
Intel has acquired computer vision and machine learning startup Itseez to develop better navigation for self-driving cars. The value of the deal was undisclosed. Read More
from TechCrunch