Archive | April, 2015

Weekly Update – April 28, 2015

      Total Deal Value (USD) – $1,400,435,883                 Total Deal Number – 90

Deal No. Amount Paid (USD) Company Investor/Buyer Sector Deal Type
1 $150,000,000 Funding Circle Consortium Transactions Investment
2 $150,000,000 WatchDox BlackBerry Software & Services Investment
3 $145,000,000 Oscar Consortium Transactions Investment
4 $134,000,000 Yueke Software Alibaba Software & Services Acquisition
5 $84,000,000 Jimubox Xiaomi, ShunWei Capital Transactions Investment
6 $64,000,000 3DR Consortium Hardware & Infrastructure Investment
7 $50,000,000 Freshdesk Consortium Software & Services Investment
8 $50,000,000 Shyp Consortium Transactions Investment
9 $40,000,000 CompareAsia Goldman Sachs Investment Partners Transactions Investment
10 $36,000,000 Ticket Monster KKR Consortium Ecommerce Acquisition
11 $35,000,000 New Signature Columbia Capital Marketing Investment
12 $30,000,000 iFlix Catcha Group, PLDT Media Investment
13 $30,000,000 Music Messenger Consortium Media Investment
14 $30,000,000 ZIRX Consortium Transactions Investment
15 $29,300,000 Ensogo Consortium Ecommerce Investment
16 $26,000,000 Smule Adams Street Partners Mobile & Apps Investment
17 $25,000,000 Poshmark Consortium Transactions Investment
18 $20,500,000 Perseus Goldman Sachs Software & Services Investment
19 $18,000,000 Craftsvilla Sequoia Capital, GFC Ecommerce Investment
20 $18,000,000 Swirl Networks Consortium Marketing Investment
21 $16,000,000 Peloton Technology Consortium Software & Services Investment
22 $16,000,000 Smava Consortium Transactions Investment
23 $15,000,000 CareCloud Undisclosed Software & Services Investment
24 $15,000,000 Simplilearn Consortium Transactions Investment
25 $12,500,000 Gravie Consortium Transactions Investment
26 $11,000,000 Keru Cloud Baidu Transactions Investment
27 $9,250,000 MyTime Upfront Ventures, Khosla Ventures Mobile & Apps Investment
28 $9,000,000 RadPad Altpoint Ventures, Goldcrest Investments Transactions Investment
29 $8,631,720 Dealerdirect Rocket Internet, Prime Ventures Netherlands Transactions Investment
30 $8,500,000 Shots Consortium Mobile & Apps Investment
31 $8,000,000 Deep Information Sciences Consortium Software & Services Investment
32 $7,000,000 Pocket Consortium Software & Services Investment
33 $7,000,000 SureCash The Osiris Group Transactions Investment
34 $6,750,000 Assured Labor Consortium Transactions Investment
35 $6,500,000 TradeGecko NSI Ventures, Jungle Ventures Software & Services Investment
36 $6,300,000 Stringify Consortium Software & Services Investment
37 $5,400,000 Gengo Consortium Transactions Investment
38 $5,000,000 Diandao Banyan Capital, 58Daojia Mobile & Apps Investment
39 $5,000,000 MediaPro Clovis Point Capital Software & Services Investment
40 $3,700,000 Zhiguoguo Matrix Partners China, Legend Star Software & Services Investment
41 $3,500,000 SnowShoe Consortium Hardware & Infrastructure Investment
42 $3,400,000 StrataCloud Consortium Software & Services Investment
43 $3,000,000 Campus Steps Consortium Transactions Investment
44 $3,000,000 OpenFin Consortium Software & Services Investment
45 $3,000,000 Untapt Consortium Transactions Investment
46 $2,250,000 Datical Consortium Software & Services Investment
47 $2,200,000 SiteZeus Chris Sullivan, Baldwin Beach Capital Software & Services Investment
48 $2,200,000 Consortium Software & Services Investment
49 $2,100,000 Scalyr Consortium Software & Services Investment
50 $2,000,000 Ferris Upfront Ventures, Allen DeBevoise Mobile & Apps Investment
51 $2,000,000 OneSignal Consortium Mobile & Apps Investment
52 $2,000,000 Onfleet Consortium Software & Services Investment
53 $2,000,000 TheSquareFoot Consortium Transactions Investment
54 $1,800,000 Bringhub Consortium Ecommerce Investment
55 $1,800,000 Headout Consortium Mobile & Apps Investment
56 $1,800,000 VirZOOM iTulip Investment Group Software & Services Investment
57 $1,750,000 SimplyInsured Consortium Transactions Investment
58 $1,618,447 Minube Consortium Transactions Investment
59 $1,600,000 Mpirica McQuinn Trust Software & Services Investment
60 $1,500,000 Mixmax Consortium Software & Services Investment
61 $1,500,000 TrackTik iNovia Capital, Klass Capital Software & Services Investment
62 $1,400,000 Dash Robotics IronFire Capital Hardware & Infrastructure Investment
63 $1,400,000 iContainers Consortium Transactions Investment
64 $1,100,000 Outdoor Voices Consortium Ecommerce Investment
65 $1,000,000 Honey Point Nine Capital Software & Services Investment
66 $836,000 Repro Consortium Mobile & Apps Investment
67 $704,671 Flo Consortium Mobile & Apps Investment
68 $645,045 Atooma Consortium Mobile & Apps Investment
69 $500,000 Happay AngelPrime Transactions Investment
70 $500,000 Sagoon Undisclosed Software & Services Investment
71 Undisclosed 107room Sheng Xitai, Michael Yu Transactions Investment
72 Undisclosed Alodokter Consortium Media Investment
73 Undisclosed Bronto Software NetSuite Marketing Acquisition
74 Undisclosed BurstIQ PV Ventures Software & Services Investment
75 Undisclosed ClickMechanic Klaus Nyengaard Transactions Investment
76 Undisclosed Codenomicon Synopsis Software & Services Acquisition
77 Undisclosed Dada 4w MarketPlace Software & Services Merger
78 Undisclosed FitHo Wellness Practo Mobile & Apps Acquisition
79 Undisclosed FitMob ClassPass Transactions Acquisition
80 Undisclosed KapanLagi MediaCorp Media Acquisition
81 Undisclosed Medix mClinica Software & Services Investment
82 Undisclosed Milyoni Photobucket Marketing Acquisition
83 Undisclosed Mygola MakeMyTrip Transactions Acquisition
84 Undisclosed NexTable Zomato Transactions Acquisition
85 Undisclosed PingThings GE Ventures, Frost Data Capital Software & Services Investment
86 Undisclosed Safe Consortium Mobile & Apps Investment
87 Undisclosed KupiVIP Ecommerce Acquisition
88 Undisclosed WalkieTicket KKBox Transactions Investment
89 Undisclosed Waygum Hartford Steam Boiler Mobile & Apps Investment
90 Undisclosed YoBoHo BroadbandTV Media Acquisition

More information

  1. Funding Circle Raises $150M in Venture Capital (FinSMEs)
  2. Confirmed: BlackBerry Is Buying File Security And DRM Startup WatchDox for up to $150M (TechCrunch)
  3. Oscar Raises $145M At A $1.5B Valuation To Build A New Healthcare, Insurance Giant (TechCrunch)
  4. Alibaba buys movie ticketing software company for $134M (Tech In Asia)
  5. Xiaomi-backed P2P loans startup Jimubox secures $84M series C funding (Tech In Asia)
  6. 3DR Raised Additional Financing; Closes Series C Round at $64M (FinSMEs)
  7. Cloud Customer Service Startup Freshdesk Reels In $50M Round (TechCrunch)
  8. Shyp Confirms $50M Raise, Launches Beta Service In Los Angeles (TechCrunch)
  9. Consumer Finance Startup CompareAsia Scores $40M Series A Led By Goldman Sachs (TechCrunch)
  10. Groupon Sells 46% Of Korea’s Ticket Monster To KKR Consortium For $360M (TechCrunch)
  11. New Signature Receives $35M Investment from Columbia Capital (FinSMEs)
  12. Video streaming startup iFlix gets US$30M funding ahead of Southeast Asia launch (Tech In Asia)
  13. Music Messenger Raises $30M in Funding (FinSMEs)
  14. Valet Startup ZIRX Raises $30M Led By Bessemer, Expands To Offer More Value-Added Services (TechCrunch)
  15. Ensogo gets another $29.3M to dominate Southeast Asia (Tech In Asia)
  16. Smule Raises $26M in Venture Capital Funding (FinSMEs)
  17. Fashion Marketplace Poshmark Raises $25 Million More, Heads To Apple Watch (TechCrunch)
  18. Perseus Raises $20.5M from Goldman Sachs (FinSMEs)
  19. Handicraft e-store bags $18M to help global audience discover Indian ethnicity (Tech In Asia)
  20. Swirl Networks Raises $18M in Venture Capital Financing (FinSMEs)
  21. Peloton Technology Raises $16M in Series A Venture Capital Funding (FinSMEs)
  22. German Online Loans Platform Smava Raises $16M (TechCrunch)
  23. CareCloud Raises $15M in Venture Capital Funding (FinSMEs)
  24. Simplilearn Raises $15M For Professional Training And Certification (TechCrunch)
  25. Gravie Raises $12.5M in Series B Funding (FinSMEs)
  26. Baidu invests $11M in restaurant management platform to bring more local businesses under its wing (Tech In Asia)
  27. Stop Calling. Schedule Local Biz Appointments With MyTime, Which Just Scored $9.25M (TechCrunch)
  28. RadPad Raises $9M in Series A Funding (FinSMEs)
  29. Dealerdirect Raises €8M in Venture Capital (FinSMEs)
  30. Shots Raises $8.5M Series A in Venture Capital Funding (FinSMEs)
  31. Deep Information Sciences Closes $8M in Series A Venture Capital Funding (FinSMEs)
  32. Pocket Raises $7M in VC Funding (FinSMEs)
  33. SureCash Raises $7M in Series B Venture Capital Funding (FinSMEs)
  34. Assured Labor Raises $6.75M, Has Connected Workers With 100K Jobs In Latin America’s Informal Sector (TechCrunch)
  35. Inventory management startup TradeGecko raises $6.5M in series A (Tech In Asia)
  36. Stringify Raises $6.3M in Seed Funding (FinSMEs)
  37. Crowdsourced Translation Startup Gengo Raises $5.4M And Changes Its CEO (TechCrunch)
  38. On-demand massage app in China attracts $5M series A funding (Tech In Asia)
  39. MediaPro Receives $5M Investment from Clovis Point Capital (FinSMEs)
  40. Zhiguoguo, Which Lets Chinese Companies Register Trademarks For Free, Raises $3.7M Series A (TechCrunch)
  41. Backed By $3.5 Million, SnowShoe Debuts Clever, Plastic “Stamps” That Unlock Content On Mobile Phones (TechCrunch)
  42. StrataCloud Raises $3.4M in Venture Capital Rounds (FinSMEs)
  43. Campus Steps Secures $3M In Funding (FinSMEs)
  44. OpenFin Secures $3M in Venture Capital Funding (FinSMEs)
  45. Untapt Closes $3M in Series A Financing (FinSMEs)
  46. Datical Secures $2.25M in Series A Venture Capital Funding (FinSMEs)
  47. SiteZeus Secures $2.2M in Funding (FinSMEs)
  48. Raises $2.2M in Seed Funding (FinSMEs)
  49. Scalyr Raises $2.1M Seed Round For Its Log Monitoring And Analysis Service (TechCrunch)
  50. Ferris Raises $2M in Venture Capital and Angel Funding (FinSMEs)
  51. OneSignal Grabs $2M To Make Push Notifications Less Annoying (TechCrunch)
  52. Onfleet Raises $2M To Provide Infrastructure For Delivery Apps (TechCrunch)
  53. TheSquareFoot Raises $2M in Seed Financing (FinSMEs)
  54. Bringhub Raises $1.8M in Seed Funding (FinSMEs)
  55. With Indian co-founders and investors, US-based booking site Headout just raised $1.8M (Tech In Asia)
  56. VirZOOM Raises $1.8M in Funding (FinSMEs)
  57. SimplyInsured Raises $1.75M in Seed Funding (FinSMEs)
  58. Travel Startup Minube Secures €1.5M in Funding (FinSMEs)
  59. Mpirica Health Raises $1.6M in Series A Financing (FinSMEs)
  60. Mixmax Raises $1.5M From Harrison Metal, Floodgate To Bring Interactive Apps To E-mail (TechCrunch)
  61. TrackTik Closes $1.5M Seed Financing Round (FinSMEs)
  62. Dash Robotics Secures $1.4M in Seed Funding (FinSMEs)
  63. iContainers Raises $1.4M in Series B Venture Capital Funding (FinSMEs)
  64. Outdoor Voices Takes On Lululemon With $1.1 Million In Funding (TechCrunch)
  65. Enterprise Communications Platform Honey Raises $1M in Venture Capital Funding (FinSMEs)
  66. Business analytics startup Repro literally tracks your eyeballs; scores $836k (Tech In Asia)
  67. Flo Raises €650K in Funding (FinSMEs)
  68. Atooma Raises €595K in Funding (FinSMEs)
  69. Happay, a startup that wants to streamline business expense reports, nabs $500k (Tech In Asia)
  70. Sagoon Closes $500K in Seed Funding (FinSMEs)
  71. Chinese apartment search startup 107room nabs angel investment from Michael Yu (Tech In Asia)
  72. Digital Health Information Platform Alodokter Raises Seed Funding (FinSMEs)
  73. NetSuite to Acquire Bronto Software, Posts Q1 Revenue (
  74. BurstIQ Raises Venture Capital Funding (FinSMEs)
  75. ClickMechanic, The U.K. On-Demand Car Mechanic Startup, Scores Seed Funding (TechCrunch)
  76. Synopsis to Acquire Software Security Company Codenomicon (FinSMEs)
  77. 4w MarketPlace Merges with Dada’s ProAdv/Simply (FinSMEs)
  78. India’s Practo acquires fitness app to tap into preventive healthcare (Tech In Asia)
  79. ClassPass Acquires Competitor FitMob (TechCrunch)
  80. MediaCorp acquires 52% stake in Indonesia’s KapanLagi (Tech In Asia)
  81. mClinica enters the doctor’s office with strategic investment in Medix (Tech In Asia)
  82. Photobucket Buys Social Video Platform Milyoni, Its Second Acquisition This Year (TechCrunch)
  83. India’s MakeMyTrip acquires last-minute travel booking app Mygola (Tech In Asia)
  84. Zomato Buys NexTable To Rival OpenTable And Yelp In Reservations (TechCrunch)
  85. PingThings Receives Venture Capital Funding (FinSMEs)
  86. Insurance Management App Safe Raises Funding (FinSMEs)
  87. Russia’s Is Selling Its Zappos Clone To KupiVIP (TechCrunch)
  88. Taiwan music streamer KKBox invests in ticket vending startup WalkieTicket (Tech In Asia)
  89. Waygum Receives Investment from Hartford Steam Boiler (FinSMEs)
  90. BroadbandTV Acquires YoBoHo (FinSMEs)

Ensogo to dominate Southeast Asia

Ensogo is on a roll. Last March, the Southeast Asian ecommerce giant raised $15.5 million from Ward Ferry Management of Hong Kong and Vipshop, China’s leading online discount retailer. Just last week, the company announced that it has raised another $29.3 million from a consortium of Australian and Asian institutional investors as well as Vipshop, which contributed $2.4 million to the funding round. As part of the deal, Vipshop now holds a 10% stake in the company. So what does this mean for Ensogo’s future? With its strategic partnership with Vipshop, Ensogo now has access to Vipshop’s vast inventory of low-cost Chinese products and will also benefit from the Chinese retailer’s proven expertise in the areas of logistics, merchandising, technology, marketing and user acquisition, which impressively allowed it to grow its revenue from $32 million in 2010 to $3.77 billion in 2014. With the help of Vipshop, Ensogo can further strengthen its business throughout Southeast Asia and continue its upward trajectory.

Weekly Update -April 21, 2015

      Total Deal Value (USD) –  $1,424,786,637             Total Deal Number – 89

Deal No. Amount Paid (USD) Company Investor/Buyer Sector Deal Type
1 $160,000,000 Slack Consortium Software & Services Investment
2 $125,000,000 RetailNext Consortium Software & Services Investment
3 $100,000,000 Illumio Consortium Software & Services Investment
4 $95,000,000 Docker Consortium Software & Services Investment
5 $80,000,000 PrimeRevenue BBH Capital Partners, Battery Ventures Transactions Investment
6 $50,000,000 Zomato Info Edge Transactions Investment
7 $48,000,000 Cradlepoint Consortium Software & Services Investment
8 $45,000,000 Sprig Consortium Transactions Investment
9 $42,800,000 Vlocity Salesforce Ventures, Accenture Software & Services Investment
10 $40,000,000 Rethink Robotics Consortium Hardware & Infrastructure Investment
11 $35,000,000 Appirio Fidelity Management & Research Company Software & Services Investment
12 $35,000,000 Grofers Tiger Global Management, Sequoia Capital Transactions Investment
13 $31,000,000 Relationship Science Consortium Software & Services Investment
14 $30,000,000 Adallom Consortium Software & Services Investment
15 $30,000,000 Altitude Digital FastPay Marketing Investment
16 $30,000,000 Duo Security Consortium Software & Services Investment
17 $30,000,000 Peloton True Ventures, Tiger Global Management Hardware & Infrastructure Investment
18 $30,000,000 Skyport Systems Consortium Software & Services Investment
19 $25,000,000 Billtrust Goldman Sachs Private Capital Investing, Bain Capital Ventures Transactions Investment
20 $23,000,000 Acorns Consortium Mobile & Apps Investment
21 $20,000,000 Navdy Consortium Software & Services Investment
22 $18,000,000 EyeEm Consortium Transactions Investment
23 $15,000,000 CrossChx Khosla Ventures, Drive Capital Software & Services Investment
24 $15,000,000 Pepperdata Consortium Software & Services Investment
25 $14,000,000 Lovethesign Consortium Ecommerce Investment
26 $13,000,000 Arcadia Healthcare Solutions Peloton Equity LLC, Zaffre Investments LLC Software & Services Investment
27 $12,000,000 Recorded Future Consortium Software & Services Investment
28 $10,788,000 CurrencyFair Octopus Investments, Frontline Ventures Transactions Investment
29 $10,600,000 Number26 Consortium Transactions Investment
30 $10,500,000 Hello Alfred Consortium Transactions Investment
31 $10,000,000 99designs Recruit Strategic Partners, Accel Partners Transactions Investment
32 $10,000,000 Baofeng Mojing Consortium Hardware & Infrastructure Investment
33 $10,000,000 Kalading Consortium Transactions Investment
34 $10,000,000 PepperTap Sequoia Capital, SAIF Partners Transactions Investment
35 $10,000,000 UniKey Consortium Hardware & Infrastructure Investment
36 $10,000,000 Yoyo Consortium Mobile & Apps Investment
37 $10,000,000 ZopNow Consortium Transactions Investment
38 $9,000,000 meQuilibrium Consortium Software & Services Investment
39 $9,000,000 The Flatiron School Consortium Investment
40 $8,000,000 Attivo Networks Bain Capital Ventures Software & Services Investment
41 $8,000,000 npm Bessemer Venture Partners, True Ventures Software & Services Investment
42 $7,000,000 Peak Consortium Mobile & Apps Investment
43 $7,000,000 Plae Consortium Ecommerce Investment
44 $6,750,000 Assured Labor Consortium Transactions Investment
45 $6,490,200 Take Eat Easy Rocket Internet, DN Capital, Piton Capital Transactions Investment
46 $6,000,000 TouchBistro Consortium Transactions Investment
47 $5,000,000 99Games Ascent Capital, Kalaari Capital Games Investment
48 $5,000,000 Benchling Consortium Software & Services Investment
49 $5,000,000 Flashpoint Consortium Software & Services Investment
50 $5,000,000 LocalOye Tiger Global Management, Lightspeed Venture Partners Transactions Investment
51 $4,326,800 Cobi Consortium Hardware & Infrastructure Investment
52 $4,000,000 Khorus Joel Trammell, Tom Greig Software & Services Investment
53 $3,500,000 Gamma 2 Robotics Foxlink Group Hardware & Infrastructure Investment
54 $3,500,000 Wrap Media FF Angel LLC, Raine Ventures Mobile & Apps Investment
55 $3,245,100 Ticketbis Consortium Transactions Investment
56 $3,200,000 MoneyStream Consortium Transactions Investment
57 $3,110,000 Bedrock Data Consortium Software & Services Investment
58 $3,000,000 Consortium Hardware & Infrastructure Investment
59 $2,700,000 Phantom Cyber Consortium Software & Services Investment
60 $2,000,000 Wingz Consortium Transactions Investment
61 $1,837,725 Haystack TV Consortium Media Investment
62 $1,800,000 Ihiji Consortium Software & Services Investment
63 $1,600,000 UrbanClap Consortium Transactions Investment
64 $1,500,000 Ascend Consumer Finance Consortium Transactions Investment
65 $1,500,000 Wearvr Undisclosed Transactions Investment
66 $1,288,812 Animalbox Consortium Ecommerce Investment
67 $1,000,000 Frenzoo Consortium Games Investment
68 $750,000 Poachable Vulcan Capital, Dawn Lepore Transactions Investment
69 Undisclosed Anquanbao Baidu Software & Services Acquisition
70 Undisclosed Avenlo Matomy Media Marketing Acquisition
71 Undisclosed Zoltan Tokay Media Investment
72 Undisclosed BuyBitcoin Satoshi Citadel Transactions Acquisition
73 Undisclosed BlaBlaCar Transactions Acquisition
74 Undisclosed Courion K1 Investment Management Software & Services Investment
75 Undisclosed EasyPrep Toppr Transactions Acquisition
76 Undisclosed Explorys IBM Software & Services Acquisition
77 Undisclosed Forrun Arpatech Transactions Acquisition
78 Undisclosed Ganji Transactions Merger
79 Undisclosed Jualo Consortium Transactions Investment
80 Undisclosed Livaza East Ventures Ecommerce Investment
81 Undisclosed MaplePOS Zomato Software & Services Acquisition
82 Undisclosed MyGreenBox Grofers Transactions Acquisition
83 Undisclosed Random42 Vespa Capital Marketing Investment
84 Undisclosed ResiModel Consortium Transactions Investment
85 Undisclosed Segway Ninebot Hardware & Infrastructure Acquisition
86 Undisclosed Splitforce Localytics Software & Services Acquisition
87 Undisclosed StorySense Dianhuabang Software & Services Acquisition
88 Undisclosed Viralize Club Digitale Marketing Investment
89 Undisclosed Wanderio Club Digitale, Club Italia Investimenti 2 Transactions Investment

More information

  1. Slack Raises $160M in Funding (FinSMEs)
  2. RetailNext Raises $125M (FinSMEs)
  3. Illumio Raises $100M in Series C Funding (FinSMEs)
  4. Docker Raises $95M in Series D Funding (FinSMEs)
  5. PrimeRevenue Raises $80M in Funding (FinSMEs)
  6. Restaurant classifieds site Zomato eats up an additional $50M in funding (Tech In Asia)
  7. Cradlepoint Raises $48M (FinSMEs)
  8. Sprig Raises $45M in Series B Financing (FinSMEs)
  9. Vlocity Raises $42.8M in Funding (FinSMEs)
  10. Rethink Robotics Closes $40M Series D Funding Round (FinSMEs)
  11. Appirio Secures $35M in Series E Funding Round (FinSMEs)
  12. Grocery delivery startup Grofers nabs $35M in funding as competition in India heats up (Tech In Asia)
  13. Relationship Science Closes $31M Series D Funding Round (FinSMEs)
  14. Adallom Raised $30M in Funding (FinSMEs)
  15. Altitude Digital Raises $30M in Financing (FinSMEs)
  16. Duo Security Raises $30M in Series C Funding (FinSMEs)
  17. Peloton Raises $30M in Series C Funding (FinSMEs)
  18. Skyport Systems Raises $30M in Series B Funding (FinSMEs)
  19. Billtrust Raises $25M in Funding (FinSMEs)
  20. Acorns Closes $23M in Series C Funding (FinSMEs)
  21. Navdy Raises $20M in Series A Funding (FinSMEs)
  22. EyeEm Raises $18M in Funding (FinSMEs)
  23. CrossChx Raises $15M in Series B Funding (FinSMEs)
  24. Pepperdata Secures more than $15M in Venture Capital (FinSMEs)
  25. Lovethesign Raises Over $4M in Series A Funding (FinSMEs)
  26. Arcadia Healthcare Solutions Raises $13M in Funding (FinSMEs)
  27. Recorded Future Raises $12M in Funding (FinSMEs)
  28. CurrencyFair Secures €10M in Funding (FinSMEs)
  29. Number26 Raises $10.6M in Series A Funding (FinSMEs)
  30. Hello Alfred Raises $10.5M in Series A Funding (FinSMEs)
  31. 99designs Raises $10M in Series B Funding (FinSMEs)
  32. Chinese low-cost VR glasses raise US$10M round (Tech In Asia)
  33. Chinese on-demand auto repair startup Kalading nabs $10M in funding (Tech In Asia)
  34. Hyperlocal e-grocery race in India: PepperTap bags $10M two days after ZopNow’s $10M round (Tech In Asia)
  35. UniKey Secures $10M in Series A Funding (FinSMEs)
  36. Yoyo Raises $10M Series A Funding (FinSMEs)
  37. Grocery Space Attracts Investor Attention: ZopNow Grabs $10 Mn From Dragoneer & Existing Investors, Now Valued At $50 Mn (Inc42)
  38. meQuilibrium Raises $9M Series B Financing (FinSMEs)
  39. The Flatiron School Raises $9M in Funding (FinSMEs)
  40. Attivo Networks Secures $8M in Series A Funding (FinSMEs)
  41. npm Raises $8M in Series A Funding (FinSMEs)
  42. Peak Closes $7M Series A Funding (FinSMEs)
  43. Plae Raises $7M in Series A Funding (FinSMEs)
  44. Assured Labor Raises $6.75M in Funding (FinSMEs)
  45. Take Eat Easy Closes €6M Series A Funding (FinSMEs)
  46. TouchBistro Closes $6M in Series A Funding (FinSMEs)
  47. India’s 99Games raises series B funding to expand portfolio (Tech In Asia)
  48. Benchling Raises $5M (FinSMEs)
  49. Flashpoint Secures $5M in Series A Financing (FinSMEs)
  50. LocalOye wants to make access to household services easy in India with $5M in its kitty (Tech In Asia)
  51. Cobi Raises €4M (FinSMEs)
  52. Khorus Closes $4M Series A Funding (FinSMEs)
  53. Gamma 2 Robotics Closes $3.5M Series A Financing (FinSMEs)
  54. Wrap Media Raises $3.5M in Series A Funding (FinSMEs)
  55. Ticketbis Raises €3M in Funding (FinSMEs)
  56. MoneyStream Raises $3.2M in Series A Funding (FinSMEs)
  57. Bedrock Data Raises $3.11M in Series A Funding (FinSMEs)
  58. Raises $3M in Series A Funding (FinSMEs)
  59. Phantom Cyber Secures $2.7M in Seed Funding (FinSMEs)
  60. Wingz Raises $2M (FinSMEs)
  61. Haystack TV Raises $1.7M in Seed Funding (FinSMEs)
  62. Ihiji Raises $1.8M in Funding (FinSMEs)
  63. After LocalOye, India’s services marketplace UrbanClap gets $1.6M to go multi-city (Tech In Asia)
  64. Ascend Consumer Finance Raises $1.5M in Funding (FinSMEs)
  65. Wearvr Closes $1.5M Funding Round (FinSMEs)
  66. After kicking-off their European expansion, Animalbox raises €1.2 million (Rude Baguette)
  67. Me Girl avatar game company discloses a fresh $1M to make more titles (Tech In Asia)
  68. Poachable Raise $750K (FinSMEs)
  69. Baidu acquires web security startup Anquanbao (Tech In Asia)
  70. Matomy Media To Acquire Avenlo (FinSMEs)
  71. Raises Internal Funding (FinSMEs)
  72. Satoshi Citadel Industries acquires Bitcoin exchange BuyBitcoin (Tech In Asia)
  73. BlaBlaCar Acquires (FinSMEs)
  74. Courion Receives Strategic Equity Investment from K1 Investment Management (FinSMEs)
  75. India’s test preparation firm Toppr acquires exam creation platform for institutes (Tech In Asia)
  76. IBM Acquires Explorys (FinSMEs)
  77. Delivery startup Forrun is acquired by Arpatech (Tech In Asia)
  78. China’s biggest classifieds sites Ganji and Tencent-backed to merge (UPDATED) (Tech In Asia)
  79. OLX Indonesia rival Jualo bags seed funding from two local VCs (Tech In Asia)
  80. Indonesian furniture ecommerce site Livaza gets seed funding from East Ventures (Tech In Asia)
  81. Zomato acquires MaplePOS, a product startup to ease point-of-sale service (Tech In Asia)
  82. Grocery delivery startup Grofers acquires rival store to strengthen presence in Indian capital (Tech In Asia)
  83. Random42 Receives Investment from Vespa Capital (FinSMEs)
  84. ResiModel Raises New Funding (FinSMEs)
  85. Xiaomi-backed robotics company Ninebot acquires Segway (Tech In Asia)
  86. App marketing and analytics firm Localytics acquires A/B testing startup Splitforce (Tech In Asia)
  87. China’s Dianhuabang acquires Taiwanese startup behind WhatsTheNumber app (Tech In Asia)
  88. Viralize Raises Seed Funding from Club Digitale (FinSMEs)
  89. Wanderio Raises Additional Seed Funding (FinSMEs)

There’s no stopping 99designs

Crowdsourcing has radically changed the way business is conducted. Today, creative work, technical tasks, and even ideas can all be crowdsourced. Crowdsourcing allows companies to obtain ideas or services by sourcing contributions from an online community rather than from employees or service providers. Bolstered by a new generation of startups and a global recession that is pushing businesses to tighten their belts, crowdsourcing has now become a mainstream phenomenon. One of the startups at the forefront of crowdsourcing is 99designs. Founded in Melbourne, Australia and now based in San Francisco, California, the company has popularised the so-called “spec design,” which allows customers to post creative projects to a community of designers, who then compete and submit designs to the customer. A typical project usually attracts dozens of submissions. The design winner pockets around $250 while the customer receives a design for a lot less than a professional agency might charge. The business model has been so effective that last year, 99designs announced that it reached a new milestone of paying over $80 million in prize money, a contest revenue of more than $131 million, and over 850,000 designers signed up. Last week, the company raised $10 million in Series B funding so it can bring its marketplace to Japan.