Catherine Badour
Network security firm AlgoSec said on Wednesday it raised $36 million from investment firm Claridge Israel to help it expand globally.
A consortium led by SoftBank Group Corp (9984.T) will go ahead with the purchase of a major stake in Uber Technologies Inc [UBER.UL] after existing investors in the ride services company agreed to sell shares at a price that values the startup at $48 billion, the Wall Street Journal reported on Thursday.
Silicon Valley venture capital giant Sequoia Capital is in the early stages of raising $5 billion to $6 billion for a third global growth fund, Recode reported.
Chinese ride-hailing firm Didi Chuxing Technology Co on Thursday said it has raised $4 billion in funds earmarked for expansion overseas and into areas such as artificial intelligence (AI), as it looks to challenge Uber Technologies Inc.
Chinese ride-hailing firm Didi Chuxing Technology Co on Thursday said it has raised $4 billion in funds earmarked for expansion overseas and into areas such as artificial intelligence (AI), as it looks to challenge Uber Technologies Inc, Reuters reported.
Orchard Therapeutics said on Wednesday it raised $110 million in the second round of funding as the drug developer looks to launch its gene therapy to treat a rare inherited disorder and beef up manufacturing facilities.
Germany’s Delivery Hero (DHER.DE), an online food ordering and delivery marketplace, is selling its foodpanda India business to Ola in return for shares in the Indian ride-hailing firm, the companies said on Tuesday, Reuters reported.
Chinese internet giant Tencent Holdings Ltd (0700.HK) said on Monday it would lead an $863 million investment in apparel platform Vipshop Holdings Ltd (VIPS.N), upping its rivalry in retail with Alibaba Group Holding Ltd (BABA.N).
Next Orbit Ventures (NOVF) ESDM, a newly established Abu Dhabi-based fund, said on Wednesday it had launched a $2 billion fund to invest in India’s semiconductor and electronics industries.
Mobile payment solutions firm iZettle said on Wednesday it had raised 40 million euros ($47 million) in funding, bringing in one of Sweden’s largest pension funds as a new investor as it prepares for a listing.