IEX, a New York-based equity trading venue, has secured $75 million in a Series C funding round led by Spark Capital. Bain Capital Ventures, MassMutual Ventures and Franklin Resources also participated.
WHILL secures $11m for wheelchair alternative development
WHILL, which manufactures a wheelchair alternative that it hopes will become a mass-market product,, has secured an $11 million Series A.
Top five Chinese business laws everyone should know
China is a massive marketplace, teeming with talent and a potential goldmine for investors and entrepreneurs. It’s little surprise so many startups set up shop in Shanghai, Beijing, Guangzhou or other cities…
Red Herring crowns Top 100 Asia winners in Hong Kong
A hundred technology companies from across Asia were crowned Red Herring Top 100 winners last week. The ceremony, which closed out three days of seminars and presentations at Hong Kong’s Hyatt Regency…
JustFab becomes latest startup to hit $1bn valuation after $85m funding round
Add JustFab to the list of e-commerce platforms with $1 billion valuations. The Los Angeles-based company’s $85 million round was led by the hedge fund Passport Capital with additional participation coming from Technology Crossover Ventures, Matrix Partners, Shining Capital.
The Exit Report: Alibaba, HubSpot, Twitch
Four of the six underwriters of the Alibaba IPO now have even more skin in the game. In a move rarely made by investment banks, Citigroup, Deutsche Bank, JP Morgan Chase, and Morgan Stanley have extended a $3 billion loan to the Chinese e-commerce giant in anticipation of its mid-September IPO.
Nutanix secures $140m funding at $2bn valuation
Nutanix, a converged infrastructure company and former Red Herring Top 100 winner, has closed a $140 million Series E round, which values the company at more than $2 billion.
Snapchat joins $10bn club after Kleiner’s $20m investment
Kleiner Perkins Caulfield & Byers’ latest investment in Snapchat values the instant messaging application at close to $10 billion, according to a recent report by the Wall Street Journal. That puts the…
Pluralsight secures $135m round at $1bn valuation
Online technology education service Pluralsight has raised a Series B round worth $135 million led by Insight Venture Partners.
‘Game-changing’ mobile network to release wave of Myanmar tech talent
Myanmar recently crawled out from under the rule of military dictatorship, but tensions in the Southeast Asian country remain high and corruption is endemic. However, new infrastructure could be about to unleash…