Skyview Capital acquires Syncplicity; Didi Kuaidi raises $2 billion; Babbel raises $22 million
It’s been another busy week for startups around the world. Locally, Sydney recruitment startup The Search Party acquired JobAdvisor, while in China Uber rival Didi Kuaidi has raised $2 billion.
Sydney recruitment startup The Search Party has acquired JobAdvisor, which lets employees anonymously write detailed reviews of their current and past employers in a bid to help give others a view of company culture.
The Search Party CEO Ben Hutt said the acquisition demonstrates the startup’s commitment to transparency in hiring and strengthens The Search Party’s offering for job seekers by allowing them to make more informed decisions about prospective jobs. JobAdvisor currently has 15,000 Australian companies profiled on its platform, and will continue to operate on its own.
US bank Capital One has acquired Oakland-based creative agency and development company Monsoon. The company’s cofounder Sandeep Sood wrote in a blog post, “During the past few years, the way we understand money has begun to change at the most fundamental levels, and of course, financial technology is at the heart of this change. Capital One understands that banking is ripe for transformation and we are deeply excited to be joining them to deliver bold, breakthrough transformations that will help people connect with their finances in new, meaningful and delightful ways.”
Sony Pictures has acquired a majority stake in Internet Media Services, one of Latin America’s largest ad sales and media buying firms in the digital space, for $100 million. IMS clients include Twitter, LinkedIn, and Spotify.
Investment firm Skyview Capital has acquired Dropbox competitor Syncplicity from EMC, with EMC retaining a stake in the company.
According to TechCrunch, AOL is interested in buying mobile ad network Millennial Media for around $300-350 million. Millennial went public in 2012, raising $130 million and getting valued at $2 billion, but has since lost 90 percent of its valuation.
Japanese media company Quipper has acquired London-based EduTech startup Quipper for USD$39 million. Quipper is behind Quipper School, a platform which allows teachers to create lessons and communicate with students online.
German language learning startup Babbel has raised $22 million in a round led by Scottish Equity Partners. The startup, which reports it has been profitable since 2011, said the funds will go towards product development.
DigitalOcean, a startup which provides and maintains cloud infrastructure for developers to build applications on, has announced that it’s raised a Series B round of $83 million. The round was led by Access Industries with participation from Andreessen Horowitz, with the funding to be used to help grow the company’s infrastructure.
Confluent, a startup which provides tools and support for the Apache Kafka open-source software, has raised $24 million in funding. The Series B round was led by Index Ventures, with participation from existing investor Benchmark, and brings the total raised by the startup to date to $31 million.
Indian startup Lybrate, a social media platform of sorts for healthcare, has raised $10.2 million in Series A funding from investors including Tiger Global Management. The startup allows users to communicate with a network of vetted doctors and other industry professionals.
Indian self-driving car rental startup Zoomcar has raised $11 million from investors including Nokia Growth Partners and Sequoia Capital, with the funds to go towards new vehicles and hires, and building out the tech product.
SingPost, Singapore’s national postal and logistics company, has had an $187 million investment from Alibaba, with the Chinese ecommerce giant’s stake in the company increasing from 10.23 percent to 14.51 percent. The two companies will also be entering into a strategic partnership to share knowledge and experience.
Didi Kuaidi, the Chinese startup competing with Uber, has raised $2 billion, with sources saying the company is now valued around $15 billion. Jean Liu, president of Didi Kuaidi, told Reuters that the startup will be looking to expand its offering.
Indian music streaming startup Saavn has raised $100 million in a Series C round led by Tiger Global Management. The platform, which reports having 14 million active monthly users, boasts mostly local music, though it has recently entered into licensing agreements with Warner Music and EMI Music which have helped it add almost a million English tracks to its catalogue.
Brazilian online travel startup Hotel Urbano has raised $60 million through a strategic partnership with The Priceline Group. The partnership will see The Priceline Group given a minority interest in Hotel Urbano and provide access to accommodation outside of Latin America from its global network partners to Hotel Urbano.
Bugsnag, which has produced a crash detection and monitoring platform, has raised $7.2 million from Benchmark. TechCrunch reports that though the startup has just nine employees, it counts over 22,000 developers as clients.
Malaysian eyewear startup GlassesGroupGlobal has closed a $3 million Series A round led by Caixa Capital and Nova Founders Capital. The funding will be used to expand into Europe.
Men’s razor startup Harry’s has raised $75.6 million in Series C funding at a post-money valuation of $750 million. The round was led by Wellington Partners, with participation from Tiger Global Management, and brings the total raised by the company to $164.5 million.
French FinTech startup SlimPay, which helps merchants set up subscription payments through direct debit rather than a debit or credit card, has raised €15 million from Prime Ventures.
Whipclip, a US-Israeli startup that lets users easily and legally share music and video clips, has raised over $40 million in a Series C round led by Eminence Capital. The funding brings the total raised by the startup to date to over $60 million, and will be used to further its product development and partnerships.
Doppler Labs, a startup that has created earphones that let you control what you hear, has announced that it’s raised a $17 million Series B round led by The Chernin Group, Wildcat Capital Management, and Acequia Capital. The new funding will see the startup speed up development, make new hires, and launch new products.