Samsung NEXT launches Q Fund to invest in AI startups

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Q Fund, which does not have an allocated size, will be investing from Samsung’s $150 million NEXT fund, launched last year.

Samsung

Sequoia, Shunwei Capital lead $38m Series D funding round in PatSnap

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Qualgro, which invests in tech startups in SE Asia, India, Australia and New Zealand, also participated in the round.


Sequoia-backed interior design startup HomeLane bags $3.5m from Brand Capital

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HomeLane counts Accel Partners, Sequoia Capital, Baring PE, Aarin Capital, GrowthStory & RB Investments among its investors.


China Digest: Used car platform Cheduoduo, co-work space startup Distrii raise funds

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Cheduoduo, a used-car platform, and co-working space operator Distrii have closed $17.7 million Series A investment and $23 million Series A+ funding round, respectively.


Li Ka-Shing’s Horizon Ventures co-leads $40m round in infant probiotic firm Evolve

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Horizon joined the Bill & Melinda Gates Foundation in the round, which also saw participation from Johnson & Johnson Innovation, Arla Foods, and Continental Grain Company.


US real estate startup Opendoor’s valuation tops $2b after new funding

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The round was led by investors General Atlantic and Access Technology Ventures, as well as home construction company Lennar Corp.


Hyperlocal delivery startup DailyNinja gathers $3m from Saama, Sequoia Capital

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This deal takes the total fundraising by DailyNinja to $4.5 million.


Israel VC Yozma Group sets up biotech-focused JV with S Korea’s Mirae SCI

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The JV will also offer investment, consulting and global networking services to local biotech startups.


Axilor’s $29.6m fund to bet on early-stage tech startups in India

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Around 50% of the new fund will be set aside for seed stage investments, while the rest will be used for pre-seed funding via its accelerator programme.


India: Fintech startup CredAble raises $15m funding from Alpha Capital

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The startup will primarily deploy these funds to expand its loan book to $75 million by FY 2019.