British peer-to-peer lenders were bracing for disaster when the U.K. voted to quit the European Union on June 23. Maybe they needn’t have worried. Funding Circle Ltd., the biggest online lender for small businesses in the U.K., has raised $100 million in equity funding, it said in a statement Thursday…. Read more »
By Heather Somerville
Venture capitalists have poured $18 million into a startup that is helping to digitize the long-haul trucking industry, the latest sign that Silicon Valley is eager to take a piece of a $700 billion-a-year sector that has long relied on pencil and paper. San Francisco-based startup KeepTruckin said on Thursday… Read more »
Interana, a software that replays massive volumes of events across large populations of actors to answer behavioural questions on a distributed proprietary back end has raised an $18 million in an oversubscribed funding round led by Vertex Ventures Holdings, a worldwide group of venture capital (VC) funds targeting investments in IT and healthcare that is backed by Temasek Holdings.
Blackbird Ventures and Atlassian’s co-founder and Co-CEO Scott Farquhar, who spearheaded the series A round two years ago, also participated in this round.
Social Nation is InVent’s 10th portfolio company and its first investment in the United States. The previous investments include local business review portal Wongnai, golf-course booking platform Golfdigg and mobile-first engagement solutions Playbasis.
With overall funding for start-ups slowing down by a third to $25.5 billion in the last two quarters, according to data from CB Insights, high-profile ventures are turning to government funds or institutional money to create “private IPOs” rather than to venture capitalists or chancing public listings.
Index Ventures, an early investor in technology hits like Skype and Dropbox, is spinning off its biotech portfolio into a new $1 billion business, with backing from drug giants GlaxoSmithKline and Johnson & Johnson . The new Medicxi Ventures business will be led by the existing life sciences team from… Read more »
Former Twitter Inc chief executive, Dick Costolo, said on Tuesday he is starting a new company with Bryan Oki, co founder & chief executive at wellness consulting firm Fitify Inc. Former Twitter CEO Dick Costolo. REUTERS/Mike Blake/Files “We’re building a software platform that reimagines the path to personal fitness,” Costolo said in… Read more »
Deliveroo has raised another $100 million in venture financing, its third investment round this year, as it rapidly seeks to expand its high-end restaurant takeaway order business to Asia, the company said on Tuesday. London-based Deliveroo is looking to distinguish itself in the crowded market for online food delivery services,… Read more »