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.
It’s been a busy week across the global startup landscape, with a number of companies raising capital. Scottish travel platform SkyScanner has raised $192 million and become one of the latest startups to achieve unicorn status in the process, while Indian car sales platform CarTrade raised $145 million. In acquisitions news, Chinese gaming company Beijing Kunlun Tech acquired a 60 percent stake in Grindr for $93 million. Closer to home, Microsoft acquired tech assets from Brisbane company Event Zero to bolster its Skype for Business offering, while CapitalPitch closed a $600,000 seed round.
Patient monitoring startup Digitology Healthtech raises $900,000 after the CEO used the medtech to save his own life
Zip raised an extra $26.7 million from its eager shareholders
Beforepay raises another $9 million as it looks to IPO
Security industry software platform Guardhouse raises $850,000 in a seed round to take on the UK market
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