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LimeBike pedals ahead with $70 mln Series B extension led by Fifth WallSan Mateo, California-based LimeBike, operator of a fleet of lime-green colored bicycles in a connected bikeshare program, announced today that it has raised an additional $70 million as part of a Series B extension. Fifth Wall Ventures led the extension, which included Rainbow Technology Co Ltd. The company previously announced a $50 million Series B round in October led by Coatue Management and including DCM Ventures, Andreessen Horowitz, AME Cloud Ventures, Franklin Templeton Investments, GGV Capital, Section 32 and the Stanford-StartX Fund and The Durant Company. With the Series B extension, LimeBike has now raised $132 million in funding to date.
- Investing app Stash hauls in $37.5 mln Series D
New York City-based Stash, an investing app, has raised $37.5 million in Series D funding. Union Square Ventures led the round with participation from other investors that included Breyer Capital, Coatue Management, Entree Capital, Goodwater Capital and Valar Ventures.
- General Catalyst adds Kyle Doherty as managing director
General Catalyst announced it has hired Kyle Doherty as managing director in its San Francisco office. The firm said Doherty will focus on late-stage investments in financial services, e-commerce, deep tech and healthcare IT. Doherty was previously head of US private investments at Coatue Management. Before that, he was a principal at Morgenthaler Ventures.
- CPPIB joins $4 bln Series C funding of Meituan-Dianping
Meituan-Dianping, a Chinese service-focused e-commerce platform, has raised $4 billion in Series C financing. The round was led by China’s Tencent Holdings, with participation from the Priceline Group and a global syndicate of investors that includes Canada Pension Plan Investment Board. The deal values the company at $30 billion, Reuters reported. Founded in 2003, Meituan-Dianping connects more than 280 million users with roughly 5 million local merchants.
CPPIB joins $4 bln Series C funding of Meituan-DianpingMeituan-Dianping, a Chinese service-focused e-commerce platform, has raised US$4 billion in a Series C financing. The round was led by China's Tencent Holdings, with participation from the Priceline Group and a global syndicate of investors that includes Canada Pension Plan Investment Board. The deal values the company at US$30 billion, Reuters reported https://uk.reuters.com/article/uk-meituan-dianping-funding/chinas-meituan-dianping-raises-4-billion-valuing-firm-at-30-billion-idUKKBN1CO0GJ Founded in 2003, Meituan-Dianping connects more than 280 million users with roughly 5 million local merchants. It said it will use the funds raised to invest in core businesses and offerings and leverage artificial intelligence-based and analytics-driven technology.
