Another busy week has seen Medium acquire Superfeedr, Uber raise $3.5 billion, and edutech company Udemy has raised $60 million. Closer to home Australia Post has acquired Aramex while Kikka Capital has raised AUD$2 million and Seatfrog has raised $1.2 million in a seed round.
This week has seen Facebook acquire spatial audio technology startup Two Big Ears and eBay acquire Ticketbis to expand its StubHub business, while it was also reported that Snapchat has raised a $1.8 billion Series F round. Closer to home, Telstra announced it participated in US startup vArmour’s $41 million Series D round through its Telstra Ventures arm.
After a busy week Microsoft has announced it is selling its feature phone business to Foxconn subsidiary FIH Mobile for $350 million, while Fitbit has acquired the ‘wearable payments assets’ from mobile payments startup Coin.
After another busy week, BigCommerce has raised $41 million in a Series E round, while New Zealand startup Unleashed Software has raised $3 million. Meanwhile, Hyperloop One has raised $80 million to help bring the idea of hyperloop transportation to life and Outbrain announced it has raised $45 million.
After another busy week eBay has announced its intention to acquire Expertmaker, while Google has acquired Synergyse. In funding news, Software development company Pivotal has raised $253 million in a Series C round, while fashion ecommerce platform FarFetch has raised $110 million and group ridesharing startup Via raised $100 million. Closer to home Domain Group acquired a 35 percent stake in OneFlare for $15 million.
This week has seen Alibaba affiliate Ant Financial raise the largest round an internet company has ever seen, US$4.5 billion at a valuation of $60 billion. Meanwhile, Rocket Internet’s Global Fashion Group has raised US$340 million and Vivint has raised US$100 million. Closer to home, REA Group is to acquire Flatmates.com.au, Rate My Agent has raised $5 million, and Haystack has raised $1.1 million in a seed round.
Spanish Uber competitor Cabify has raised $120 million in a Series C round, Medium has raised $50 million just a few months after its last raise, and Acorns has raised $30 million.
This week was a busy one for Alibaba, with the Chinese giant acquiring a controlling stake in Southeast Asian online retailer Lazada Group for $1 billion, and leading a $1.25 billion investment into Chinese on-demand food delivery startup Ele.me. Elsewhere, Shopfiy has acquired Kit CRM while fintech firm Affirm has raised $100 million in a Series D round. Closer to home, US firm Global Payments has acquired eWay for US$50 million, while project development company MinQuest has announced it is to acquire medical research startup EPAT.
This week saw AccorHotels acquire UK startup onefinestay, while Intel acquired Italian IoT startup Yogitech. Meanwhile US healthtech company Bright Health raised $80 million in a Series A round and Intercom raised a $50 million Series B.
This week has seen Spotify raise $1 billion in convertible debt financing as it goes head to head with Apple Music and awaits the launch of Soundcloud’s streaming offering, while Chinese eco-sports company LeSports has raised a $1.2 billion Series B round.
Clinical Genomics, a biotechnology company working across the United States and Australia, has closed a US$15 million ($19.7 million) round led by Sydney-based VC firm OneVentures.
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.
Expense Check, a startup allowing businesses to compare their bills and be alerted of cheaper deals and plans with other providers as they arise, has officially launched into the market with $1 million in seed funding following a year-long beta.
German home cooking delivery startup Marley Spoon, which launched in Australia last August, has announced the raising of a €15 million (AUD$22 million) Series B round from Luxor Capital, QD Ventures, Kreos Capital, and existing investors.
The fund is focused on making investments into Series A and Series B rounds, with its smallest investment to date being US$750,000 and its largest being US$3 million.