Beijing-based JJ Capital raised $15 million in Series A financing for 55Haitao.com, a forum and shopping guide for Chinese cross-border shoppers. 55Haitao is based in Pasadena, California with offices in Shanghai and Chongqing China.
2 min read · 26 February 2016
AppCard, a marketing and loyalty platform for small and medium sized retailers, raised $20 million in Series B funding. PLDT Capital, the investment arm of Philippine Long Distance Telephone Company, and Alexander Rittweger, founder of Loyalty Partner, led the round. Existing investors Founders Fund, Innovation Endeavors, and Jerry Yang also participated.
3 min read · 26 February 2016
Ematic Solutions, a Singapore-based software company helping improve digital marketing channels, raised nearly $1 million in pre-Series A funding from MDI Ventures. The investment brings Ematic’s total funding to $2 million. The company also announced it opened an office in Jakarta, Indonesia.
4 min read · 26 February 2016
GenomeNext LLC, an automated genomic analysis platform, raised $1.2 million in a seed financing round led by Hydra Capital and private investors. Columbus, Ohio-based GenomeNext is a spinoff from Nationwide Children’s Hospital, also based in Columbus.
3 min read · 25 February 2016
Moody’s Corp acquired a minority ownership stake in Finagraph, a provider of automated financial data collection and business intelligence solutions. Moody’s will also receive a seat on Finagraph’s board of directors.
2 min read · 25 February 2016
RR Donnelley & Sons Company invested in Peloton Document Solutions LLC, a Santa Monica, California-based media and communications provider for the financial services industry. Under the terms of the agreement, the companies have integrated the sales and development of their joint deal marketing services. Financial terms of the investment were not disclosed.
3 min read · 25 February 2016
CSC Venture Capital led a $3.175 million seed funding round for Austin-based WigWag Inc, an open-source platform company for the internet of things. CSC Venture Capital is the Silicon Valley-based investment arm of CSC Group, a Chinese investment firm.
3 min read · 25 February 2016
CREXi raised $4.3 million in seed funding form investors Lerer Hippeau Ventures, Freestyle Capital, TenOneTen Ventures, Founder Collective, Karlin Ventures, Leon Capital Group and angel investors. Los Angeles-based CREXi also announced the launch of its commercial real estate platform for brokers, buyers and sellers.
3 min read · 25 February 2016
Mainsail Partners, a growth equity firm that invests in bootstrapped companies, raised $384 million for its fourth fund, Mainsail Partners IV LP. The oversubscribed fund closed in December and took just over two months to complete. Mainsail invests primarily in the software, technology-enabled services and healthcare sectors.
2 min read · 25 February 2016
South African media company Naspers will invest an additional $250 million in Ibibo Group, an Indian online travel company also backed by China-based Tencent. Naspers is Ibibo’s majority stakeholder.
3 min read · 25 February 2016
