Series A
Haha Pinche, a car sharing app based in China, has raised $10 million in Series A funding, in a round led by Sequoia Capital. Innovation Works also participated in the funding, which Haha Pinche will use to recruit more users and build outs its technology. The company’s mobile app allows users to schedule rides and make payments to drivers.
Series B
Hong Kong-based financial management company 8 Securities has raised a $9m Series B round from Velocity Capital and Leitmotiv Private Equity. The company offers a stock trading and management platform, and currently manages over $750 million in assets. 8 Securities plans to use the new funds to expand into mainland China and for marketing.
Funding
Scytl, an online voting company, has raised an additional $44 million in funding from Vy Capital, Adams Street Partners and Industry ventures, bringing the end to an investment round worth a total of $104 million. Scytl, founded in 2001, provides software and internet-based voting solutions, and its platform covers every process within an election. The company became profitable in 2006 and has grown revenues at an average of 70% a year since then, according to a press release. “This round of financing represents a tremendous endorsement to our company and to what we are doing in the field of election modernization”, said Pere Valles, CEO of Scytl. “With the additional resources and expertise from our new financial partners, Scytl is even better prepared to continue leading the transformation of the election industry by delivering the most innovative and secure election modernization technologies.”
Biotech company Rebiotix has raised $25 million in funding for trials of its fecal-transplant technology. The funds were raised by individual investors. Rebiotix will also use the funds for research and development and working capital. The firm is about to present results from an earlier clinical trial in October.