500 Global related stories
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Finova Financial completes $52.5 mln fundingFinova Financial, an auto title lending platform, raised $52.5 million in a combination of equity and a credit facility. Investors included MHS Capital, Refactor Capital, Metamorphic Venture, and 500 StartUps, as well as entrepreneurs Sam Hodges and Jake Gibson. Al Hamra Group, the investment firm of the United Arab Emirates' ruling family, also participated. CoVenture provided the credit facility.
- Pot startup Baker takes in $1.6 mln seed
Denver-based Baker, a customer engagement platform for cannabis dispensaries and brands, has raised $1.6 million in seed funding. Michael Lazerow led the round with participation from other investors that included Base Ventures, XG Ventures and Poseidon Asset Management.
- Carousell fetches $35 mln
Mobile classifieds app Carousell has raised $35 million in funding. Rakuten Ventures led the round with participation from Sequoia India, Golden Gate Ventures and 500 Startups.
Fundraising recap: Summary of recent firm news from around the worldA summary of recent funds closed worldwide, such as Lonsdale 8VC, 500 Startups, Capricorn Venture Partners and Alchemy Ventures
- 500 Startups has first close on $15 mln Turkish fund: Update
500 Startups said it has closed on more than $6 million of the $15 million Turkish fund it announced last October.
- 500 Startups to raise a second Latin American fund
500 Startups has begun raising a second Latin American seed fund, according to a filing with the SEC.
- MenschDanke Group buys VC-backed Versus.com
MenschDanke Group has acquired Berlin-based product comparison platform Versus.com. No financial terms were disclosed. Versus.com's backers included Earlybird Venture Capital, Dave McClure of 500 Startups and High-Tech Gründerfonds.
- 500 Startups collects over $8 mln for TukTuks fund
500 Startups has raised over $8 million for its targeted $15 million TukTuks fund, according to an SEC filing https://www.sec.gov/Archives/edgar/data/1638439/000163843916000002/xslFormDX01/primary_doc.xml The fund will focus on promising startups in Thailand.
VR venture capital alliance launches with $10 bln fundThe Virtual Reality Venture Capital Alliance, a members-only organization focused on backing virtual reality, augmented reality and mixed reality startups, has launched with a $10 bln fund, according to an announcement http://www.vrvca.com/#overview on its site.
