In addition, Indian student apartment management company Stanza Living received a total of US $ 70 million in financing; Tiger Global participated in the Indian bill discount platform KredX in a Series B financing of US $ 26 million.
India
Stanza Living, an Indian student apartment management company, has raised $ 70 million in financing. According to foreign media reports, investors participating in this round of financing include Sequoia Capital, Falcon Edge Capital, Accel, Matrix Partners and Alteria Capital. Stanza Living is a student apartment management company. The company focuses on student accommodation and provides high-quality residential and supporting services such as public areas, game pools and gyms.
The Indian venture capital firm 3one4 Capital raised US $ 62.5 million for its two new funds. According to Tech in Asia, India’s VC 3one4Capital, which focuses on early technology investments, has announced that it has completed fundraising for its two new funds. It is reported that the two new funds were named Opportunity Fund and Seed Fund, respectively, which were allocated US $ 56 million and US $ 6.5 million. 3one4Capital was founded in 2016 and, according to the company, currently manages more than $ 110 million in assets.
Tiger Global participates in Indian bill discounting platform KredX’s $ 26 million Series B financing. According to ET Tech, KredX’s existing investors have also participated in this round of financing. It is reported that the company raised more than 6 million US dollars in the Series A financing in 2016. KredX was founded in 2015. The company aims to help credible small and medium-sized enterprises to find funders and help borrowers to quickly obtain working capital within 24-72 hours by selling unpaid bills receivable.
Walmart and Flipkart invest in Ninjacart, India’s B2B agricultural distribution platform. According to Tech in Asia, Walmart and Flipkart announced a strategic investment for Ninjacart, the exact amount of which has not been disclosed. It is reported that the company had previously raised nearly $ 90 million in a financing round in which Tiger Global participated. Ninjacart was established in 2015 and is a B2B agricultural distribution platform. The company buys goods directly from farmers and delivers them to suppliers.
Southeast Asia
Vertex Holdings, a venture capital company owned by Temasek, has completed the fundraising of its Vertex Master Fund (VMF) fund, raising a total of $ 730 million. According to Tech in Asia, Sumitomo Mitsui Banking Corporation (SMBC) from Japan, Marubeni, a Japanese general trading company, management consulting company ABeam Consulting, and the Development Bank of Japan) invested in the Vertex Master Fund. Among them, SMBC and Marubeni invested US $ 20 million and US $ 50 million, respectively.
Keppel DC Reit, a Singapore-listed Keppel Real Estate Investment Trust, bought a digital center in Germany for $ 91 million. According to DealStreetAsia, Keppel acquired Frankfurt’s digital center for $ 135 million last year. It is reported that the center of the acquisition is the second data center acquired by Keppel in Germany, and the eighth digital center it acquired in Europe.
Thailand insurtech startup Sunday completed a US $ 11 million Series A financing round. According to Tech in Asia, this round of funding was led by US venture capital firm Quona Capital, with existing investors Temasek’s wholly-owned subsidiary Vertex Ventures Southeast Asia & India participating. It is reported that the company raised USD 10 million in a round of financing led by Vertex Ventures in Southeast Asia and India in February this year. Sunday was founded in 2017, and the company provides users with customized insurance products and services through risk prediction models. According to its statement, the new funding will be used to enhance the company’s core technology, which uses machine learning to price insurance premiums in real time.
Latin America
Ingresse, a Brazilian ticketing platform, has raised $ 21.8 million in Series C financing. According to Contxto, this round of funding is led by investment fund Endurance. It is reported that the company’s last round of financing was in December 2017. Ingresse was founded in 2012 and is an online ticketing platform based in São Paulo.
Mexican Digital BankAlbo completes $ 19 million in Series A financing. According to TechCrunch, this round was led by US venture capital firm Valar Ventures, with Mountain Nazca and Flourish Ventures co-investing. Previously, this digital bank had raised $ 7.4 million earlier this year, with a total round A funding of $ 26.4 million, which was a relatively large round in Mexico’s early financing round. Albo is a “Mexico version of Monzo”. Users can complete the online card opening within 5 minutes and use the personal financial services provided by the app. But Albo is not the only digital bank in the Mexican market. Tencent-invested Brazilian digital bank Nubank entered Mexico in May this year, and European digital bank startups such as N26 and Revolut are also paying attention to the Mexican market.
Other
Sparkplus, a South Korean coworking office startup, completed a $ 25.2 million Series B financing. According to Tech in Asia, participating in this round of financing include South Korea’s Aju Hotels & Resorts, South Korean real estate company Koramco, venture capital company STIC Ventures, and SME investment agency Aju IB Investment. It is reported that the company raised $ 16.8 million in the Series A financing in 2018.
文 | 云 晞 @ 出海
Edit | 赵小 纯 @ 出海
Picture | Pixabay
