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Edtech startup Lingokids lands $4 mlnSan Francisco-based Lingokids, a developer of language learning services for early childhood, has raised $4 million in funding. The investors were Holtzbrinck Ventures, JME Venture Capital and Bessemer Ventures Partners.
- Cool Japan Fund commits $10m
The Japanese government-backed fund makes an effort to support VC development.
- Kauffman Fellows announces Class 22
The Kauffman Fellows Program has selected 51 investors from five continents to be part of its Class 22. According to the Silicon Valley-based program, 61 percent of Class 22 are partners, managing directors or CEOs of their respective firms. The program, which runs for two years, is focused on developing leaders in venture capital. Among the firms represented in Class 22 are Blackrock, Social Capital, August Capital, 500 Startups, Microsoft Ventures, SoftTech VC, Tencent, Shasta Ventures, Norwest Venture Partners, Bpifrance, Merck Ventures and the MacArthur Foundation. And, those serving as mentors for Class 22 include Dave McClure, founder and managing partner of 500 Startups; Kate Mitchell, past chairman of the NVCA and partner at Scale Venture Partners; Jeff Clavier, founder and managing partner of SoftTech VC; David Sze, senior managing partner at Greylock; and Josh Stein, a partner at DFJ.
- 500 Startups raises more than $35 mln for Japan fund
500 Startups has raised an oversubscribed $35.28 million for a $30 million targeted fund focused on Japan, according to a regulatory filing https://www.sec.gov/Archives/edgar/data/1657603/000165760317000001/xslFormDX01/primary_doc.xml The filing said commitments were raised by 19 LPs. 500 Startups Japan is headed up by Managing Partner James Riney, who previously was a principal with DeNA‘s venture arm and before that was founder and chief exectuive of ResuPress in Tokyo.
- 500 Startups raises $35.3m
View the latest capital raises
- Digital health startup Thriva nabs seed funding
London-based Thriva, a digital health startup, has secured 1.5 million pounds in seed funding. The investors included Seedcamp, 500 Startups and the London Co-Investment Fund.
NBIF makes commitment to 500 Startups Canada's debut fundNew Brunswick Innovation Foundation (NBIF) has made an undisclosed commitment to the debut venture capital fund of 500 Startups Canada. The investment is part of a partnership struck between NBIF and 500 Startups Canada to seed and grow more startups located in New Brunswick and across Atlantic Canada. 500 Startups Canada's US$30 million fund, launched in 2016 /canada/2016/3/500-startups-launches-30-mln-canadian-fund-2/ announced its initial close in January. With the NBIF deal, it has partners or associates in each Canadian innovation hub, including Vancouver, Waterloo, Toronto, Montréal and Fredericton. Last month, 500 Startups Canada led the pre-Series A financing /canada/2017/5/500-startups-canada-leads-pre-series-a-funding-of-attendease?preview=true of Attendease.
- Southeast Asia C2B used car platform Carsome books $6 mln
Malaysia-based Carsome, a consumer-to-retail used car platform, has raised $6 million in funding. Gobi Partners led the round with participation from other investors that included Lumia Capital, Innoven, 500 Startups and Spiral Ventures.