New Zealand-based accounting startup Xero has announced nearly $111 million of funding. Accel Partners will invest $100 million into the company, while current backer Matrix Capital Management will invest $10.8 million. The…
Employee communications specialist GuideSpark raises $22.2m
Employee communications company GuideSpark, a Red Herring Top 100 winner, has raised $22.2 million in Series C funding, led by Meritech Capital Partners. Previous backers New Enterprise Associates, Storm Ventures and IDG…
Top 10 biggest e-commerce investments in Asia
Alibaba’s success in developing the market for Chinese e-commerce is unprecedented, but there are a number of startup founders and investors alike who are convinced it can be replicated. Last year alone,…
On-demand delivery service Postmates raises $35m
The on-demand delivery service Postmates has secured $35 million in financing from Spark Capital at a valuation somewhere between $150 and $200 million, to bring total funding to $58 million.
The Exit Report: LoopPay, UTAC Holdings, Gymsurfing
Samsung has acquired LoopPay, a mobile wallet that counts Visa as an investor and reportedly works at 90% of retail locations today.
Real-time content marketing company Livefyre raises $47m
Livefyre, a real-time content marketing startup, has raised $47 million in funding from Adobe, Cue Ball, Greycroft Partners, Hillsven Capital, Salesforce Ventures and U.S. Venture Partners. The company announced that it secured…
Uber expands Series E funding round by $1 billion
Uber has expanded its Series E funding round, which could now reach $2.8 billion. The taxi hailing app initially announced $1.2 billion in funding with the option to add another $600 million,…
WorldRemit secures $100 million in funding
Money transferring service WorldRemit has raised $100 million in Series B funding led by Technology Crossover Ventures, with participation from previous backer Accel Partners. WorldRemit offers a web or smartphone-based service primarily…
Online car marketplace Carmudi grabs $25m Series B
Carmudi, an online marketplace for new and used cars, is the recipient of $25 million in Series B financing. In what is a textbook Rocket Internet investment, the company is currently operational in 20 countries, but is looking to use the funds to fuel further expansion into Asia and Mexico.
The Exit Report: Eat24, Niche, Motorola Solutions
The local recommendation engine Yelp paid $134 million in a combination of stock and cash to acquire Eat24, a web-based food delivery service with around 20,000 restaurants currently on its platform.