500 Global related stories
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BetterView raises $1.55 mln in fundingBetterView, an aerial and drone imagery solution for businesses, closed a $1.55 million fundraising round led by Arena Ventures, Metamorphic Ventures and angel investors. Additional investors include 500 Startups, Haystack, MetaProp NYC, and Router Ventures.
- 500 Startups launches two new funds
500 Startups has announced the launch of two new funds, including a $25 million fintech fund and a $25 million vehicle focused on India.
Data Spotlight: VC-backed M&A starts slow in new yearOnly five deals were disclosed in the month for a combined value of $615.5 million
Worldwide fundraising recapFrom DFJ and Brooklyn Bridge to iNovia and Index, a summary of recent fundraising activity from around the globe
500 Startups files to raise $30 mln Japanese fund500 Startups is raising a $30 million fund focused on Japan, according to a regulatory filing. The filing for 500 Startups JP lists co-founders Dave McClure and Christine Tsai, as well as James Riney, who heads up 500 Startups Japan. Riney previously was principal with DeNA's venture arm and before that was founder and CEO of ResuPress in Tokyo.
VC-backed ScribbleLive buys content creation provider VisuallyCanadian digital content marketing provider ScribbleLive Inc has bought Visually Inc, a San Francisco-based content creation platform that helps businesses to connect with audiences. No financial terms were released. Toronto-based ScribbleLive said the solutions of the two companies will be integrated to create "an all-in-one content marketing platform that marries data science with content creation." The deal also expands ScribbleLive's U.S. presence to Silicon Valley. ScribbleLive has raised more than $60 million in funding, including its Series D round /canada/2015/09/23/scribblelive-inks-c35-mln/ led by OpenText Enterprise Apps Fund last September. Visually was backed by Crosslink Capital and other U.S. venture capital firms.
- TomorrowVentures invests in Relativity Media
TomorrowVentures will invest in Relativity Media LLC. Court Coursey was also named Chief Investment & Strategy Officer, effective immediately, of Relativity. Coursey will remain Managing Partner of TomorrowVentures. Relativity Media, of Beverly Hills, California, is engaged in content production and the distribution of movies, television, sports, digital and music. It’s also the parent of Relativity Studios
Relay Ventures-backed Luma acquires Nodal IndustriesLuma has acquired Nodal Industries, an Internet of Things security startup based in Mountain View, California. No financial terms were released. Atlanta, Georgia-based Luma said it plans to integrate Nodal's technology into its intelligent WIFI system, which is designed to bring speed, safety and security to the home WiFi network. Luma was launched in late 2015 with venture capital investment provided by several firms, including Canada's Relay Ventures and Silcon Valley's Felicis Ventures. With the deal, 500 Startups, which previously backed Nodal, becomes a Luma investor.
- Singapore startup Xfers picks up $2.5 mln seed
Singapore-based Xfers, a startup that facilitates transactions for small business merchants, has secured $2.5 million in seed funding. The investors were Facebook co-founder Eduardo Saverin, Lazena investment, Golden Gate Ventures, 500 Startups, GMO Venture Partners, Partech Ventures, BWB Ventures and Convergence Ventures.
- VC-backed Luma buys Nodal Industries
Luma has acquired Nodal Industries, an internet of things security startup. No financial terms were disclosed. Luma's backers include Felicis Ventures, Relay Ventures, Base Ventures and Webb Investment Network while Nodal was backed by 500 Startups.