ICOs alive and crypto startups hunt wealthy buyers


In the first quarter of 2018, the U.S. hosted 22 completed token sales — about a fifth of the 113 sales globally during the period.

Saudi wealth fund follows peers, to set up San Francisco office in tech push

The Public Investment Fund would join the Qatar Investment Authority and Abu Dhabi’s Mubadala Investment Co. in opening in Silicon Valley as they build up technology holdings.

US autonomous truck startup TuSimple raises $95m led by China’s Sina

Hong Kong-based investment firm Composite Capital also joined the round, which values the startup at $1 billion.

Australia’s Future Fund delivers strong returns driven by high PE exposure

Australian sovereign fund Future Fund said its 10-year return as of 2018 has been strongly driven by the increasing exposure to private equity investments.

Amazon, GM in talks to invest in electric vehicle maker Rivian

It would be a major boost for the Plymouth, Michigan-based startup, which aspires to be the first carmaker to the U.S. consumer market with an electric pickup.

Bahrain’s $23b manager Investcorp sees sweet spot in India’s realty crunch

Investcorp Bank BSC plans to provide structured lending to developers faced with borrowing constraints.

Japanese self-drive cars map developer to acquire US rival Ushr

Dynamic Map Platform would acquire U.S. map startup Ushr as it seeks a stronger position to challenge Alphabet Inc’s Google and Chinese rivals.

After NBA team, Alibaba’s Tsai backs US lacrosse league

Investors are betting that growing demand for live sports — along with lacrosse’s fervent and well-heeled fan base — can help sustain a new league.

SoftBank Ventures backs $4.4m round for South Korean book club operator Trevari

The funding round, which saw SoftBank contributing 4.5 billion won ($4 million), is the first raised by the South Korean startup.

US-based InVision acquires Australia’s ‘Github for designers’ Trunk

Trunk received seed funding from Australian accelerator Startmate in early 2018, while InVision is backed by Goldman Sachs and Tiger Global Management.