News, Insights and Stories from the Australian and New Zealand tech ecosystem.

Verizon acquires Volicon; Cainiao raises $1.5 billion at $7.7 billion valuation; Future Finance raises $171 million

This week has seen App Annie acquire Appscotch, while Alibaba-backed logistics provider Cainiao raised $1.5 billion at a valuation of $7.7 billion and Irish student loan provider Future Finance raised $171 million. Closer to home, Melbourne IT announced that it is set to acquire InfoReady for $15.4 million, while RedBubble closed a $12 million funding round ahead of a planned IPO later year.

Acquisitions

Melbourne IT to acquire InfoReady for $15.4 million

Tech company Melbourne IT is set to sell its domain name business for approximately $8 million to Canadian firm Tucows in order to acquire data analytics provider InfoReady. InfoReady will keep its branding while operating within Melbourne IT’s enterprise services business.

Verizon acquires Volicon

Verizon has announced it is to acquire Volicon, a company providing video capture and monitoring tools for television broadcasters, for an undisclosed amount. Verizon Digital Media Services President Bob Toohey said that with the shift to all things digital, mobile and video, Volicon will improve visibility, transparency, and quality of the content and ads of Verizon’s clients around the world.

Trainline acquires Captain Train

British digital rail ticket retailer Trainline has acquired French platform Captain Train, stating that the combined business will offer customers simple access to European rail travel. The combined platforms provide access to 22 countries and 36 operators across Europe.

InVision acquires Silver Flows

Prototyping startup InVision has acquired Silver Flows, which allows developers to prototype directly in Sketch. The Silver Flows will be integrated into InVision’s Craft suite. The Silver Flows cofounders wrote in a blog post on the acquisition, “If you already use Sketch, InVision and Craft, you should expect to greatly speed up your design process in the near future, and that makes us extremely happy. We built Silver as a way to serve the design community, and now we can do so at a much larger scale than we ever expected.”

App Annie acquires Appscotch

App Annie has announced its acquisition of Appscotch, a company providing market data and in-app advertising that looks to give users greater transparency into mobile advertising, its third acquisition in two years. Appscotch’s tech is set to be integrated into a new App Annie product scheduled for a June launch.

Funding

Redbubble raises $12 million ahead of IPO

Redbubble, the online marketplace for creatives, has released its half year financial performance and confirmed its intention to raise $50 million through an ASX listing in June. A $12 million pre-IPO funding round led by Blackbird Ventures has also been finalised, with the startup looking to bring new institutions onto the Redbubble platform as part of its strategic growth plans.

Cainiao raises $1.5 billion at $7.7 billion valuation

Cainiao, a logistics provider backed by Alibaba, has raised $1.5 billion at a valuation of $7.7 billion from Temasek Holdings, Singapore’s GIC, Khazanah Nasional, and Primavera Capital.

Future Finance raises $171 million

Future Finance, an Irish fintech startup that provides student loans, has raised $171 million from investors including QED Investors and Blackstone Group to help it expand around Europe. A significant part of the funding will go towards funding loans.

Ring raises $61.2 million Series C round

Home security startup Ring, which has just launched a new IoT-connected smart doorbell, has raised $61.2 million in a Series C round from Kleiner Perkins Caufield & Byers, with additional funding from Sir Richard Branson. The company said the funding will help expand its line of smart doorbells and its global footprint.

10x Genomics raises $55 million Series C round

10x Genomics, a startup working with genomic information, has raised a $55 million Series C round led by Fidelity Management, with participation from new investors Softbank and JS Capital Management, along with existing investors. The funding will go towards accelerating the company’s marketing and sales, and product development.

SoYoung Technology raises $50 million

SoYoung Technology, the company behind a Chinese app that allows users to share before and after pictures of plastic surgery, has rasied $50 million to help develop its cloud computing technology. According to Bloomberg the company is also considering loan-financing to help younger people get surgery as well as enlisting plastic surgeons onto its platform to more easily connect them to users.

Couchbase raises $30 million Series F round

Couchbase has raised $30 million in a Series F round led by Sorenson Capital, with participation from existing investors including Accel Parnters, Ignition Partners, and Mayfield Fund. The funding will go towards accelerating sales, expanding technical support, and engineering investments.

Skyport raises $30 million Series C round

Enterprise security startup Skyport has raised $30 million in a Series C round led by GV, with participation from all existing investors and new investors including Thomvest Ventures and Northgate Capital. Bringing the total raised by the startup to date to $67 million, the funding will go towards sales and marketing, and accelerating R & D programs.

M_Service raises $28 million Series B round

Vietnamese fintech startup M_Service, which has created the mobile wallet Momo, has raised $28 million in a Series B round from Standard Chartered Private Equity and Goldman Sachs. The funding will go towards the launch of new products and services, expanding bank and merchant connectivity, and extending the installation of Momo POS terminals at retail outlets around Vietnam.

Usermind raises $14.5 million Series B round

Usermind, a business operations startup based in Seattle, has raised $14.5 million in a Series B round led by Menlo Ventures as it comes out of stealth, bringing the total raised by the company to date to over $20 million.

Image: Jack Ma of Alibaba.





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