Aflac has expanded its investment in its venture fund from $100 million over three years to $250 million over three to four years. Aflac Ventures Fund focuses on growth-stage companies that are "innovative" and "scalable." So far the fund has invested in eight early-stage companies in the Japan and the U.S., with each investment ranging between $1 million and $6 million.
3 min read · 17 September 2018
Arlington, Virginia-based Scythe, a provider of an advanced attack simulation platform, has raised $3 million in funding. Ron Gula of Gula Tech Adventures led the round with participation from other investors that included Evolution Equity, Paladin Capital Group, Stony Lonesome Group and SaaS Ventures.
1 min read · 17 September 2018
HYP3R, a location-based marketing platform, has secured $17 million in Series A funding, according to a blog post. The investors included Structure Capital, Rokk3r Fuel, Thayer Ventures and Silicon Valley Bank.
1 min read · 14 September 2018
Commerce Ventures is seeking to raise $60 million for its third fund, according to an SEC filing. The San Francisco-based venture firm invests in the e-commerce, retail, fintech and insurance sectors.
1 min read · 14 September 2018
San Francisco-based Shift, an online platform that allows users to sell and buy cars, raised over $140 million in Series D funding, according to a blog spot on its site. Lithia led the round.
1 min read · 14 September 2018
Walmart Inc has acquired Cornershop Inc, an on-demand grocery delivery service for the Latin American market. No financial terms were disclosed. Cornershop's backers included Accel, Creandum, Jackson Square Ventures and Endeavor Catalyst, according to Crunchbase.
3 min read · 14 September 2018
Iskn, a France-based provider of smart drawing pads, has raised 10.5 million euros in funding. The company's investors included iXO Private Equity, CM-CIC Innovation, C4 Ventures and Supernova Invest.
1 min read · 14 September 2018
Silicon Valley-based venture firm Kleiner Perkins is experiencing a big shakeup. Mary Meeker, a partner at the venture firm and well-known internet investor, is leaving the firm and taking her team with her to form a new firm, reported Bloomberg. Meeker's team, comprised of Mood Rowghani, Noah Knauf and Juliet De Baubigny, "will raise a fresh fund of their own devoid of the Kleiner brand," noted the news outlet. The firm will launch in 2019.
1 min read · 14 September 2018
Singapore-based venture firm Golden Gate Ventures has raised $100 million for its third fund. The early-stage fund will focus on consumer internet trends in Southeast Asia. The investors include Temasek, Hanwha, Naver, EE Capital, Taizo Son’s Mistletoe, Mitsui Fudosan, IDO Investments, CTBC Group, Korea Venture Investment Corporation and Ion Pacific.
4 min read · 14 September 2018
Contentos, a decentralized global content ecosystem, has secured an undisclosed amount of funding. The investor was NEO Global Capital.
1 min read · 14 September 2018
