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)CompanyInvestor/BuyerSectorDeal Type
1$150,000,000Funding CircleConsortiumTransactionsInvestment
2$150,000,000WatchDoxBlackBerrySoftware & ServicesInvestment
3$145,000,000Oscar ConsortiumTransactionsInvestment
4$134,000,000Yueke SoftwareAlibabaSoftware & ServicesAcquisition
5$84,000,000JimuboxXiaomi, ShunWei CapitalTransactionsInvestment
6$64,000,0003DRConsortiumHardware & InfrastructureInvestment
7$50,000,000FreshdeskConsortiumSoftware & ServicesInvestment
9$40,000,000CompareAsiaGoldman Sachs Investment PartnersTransactionsInvestment
10$36,000,000Ticket MonsterKKR ConsortiumEcommerceAcquisition
11$35,000,000New SignatureColumbia CapitalMarketingInvestment
12$30,000,000iFlixCatcha Group, PLDTMediaInvestment
13$30,000,000Music MessengerConsortiumMediaInvestment
16$26,000,000SmuleAdams Street PartnersMobile & AppsInvestment
18$20,500,000Perseus Goldman SachsSoftware & ServicesInvestment
19$18,000,000CraftsvillaSequoia Capital, GFCEcommerceInvestment
20$18,000,000Swirl NetworksConsortiumMarketingInvestment
21$16,000,000Peloton TechnologyConsortiumSoftware & ServicesInvestment
22$16,000,000Smava ConsortiumTransactionsInvestment
23$15,000,000CareCloud UndisclosedSoftware & ServicesInvestment
26$11,000,000Keru CloudBaiduTransactionsInvestment
27$9,250,000MyTimeUpfront Ventures, Khosla VenturesMobile & AppsInvestment
28$9,000,000RadPadAltpoint Ventures, Goldcrest InvestmentsTransactionsInvestment
29$8,631,720Dealerdirect Rocket Internet, Prime Ventures NetherlandsTransactionsInvestment
30$8,500,000ShotsConsortiumMobile & AppsInvestment
31$8,000,000Deep Information SciencesConsortiumSoftware & ServicesInvestment
32$7,000,000PocketConsortiumSoftware & ServicesInvestment
33$7,000,000SureCashThe Osiris GroupTransactionsInvestment
34$6,750,000Assured LaborConsortiumTransactionsInvestment
35$6,500,000TradeGecko NSI Ventures, Jungle VenturesSoftware & ServicesInvestment
36$6,300,000StringifyConsortiumSoftware & ServicesInvestment
38$5,000,000DiandaoBanyan Capital, 58DaojiaMobile & AppsInvestment
39$5,000,000MediaProClovis Point CapitalSoftware & ServicesInvestment
40$3,700,000ZhiguoguoMatrix Partners China, Legend StarSoftware & ServicesInvestment
41$3,500,000SnowShoeConsortiumHardware & InfrastructureInvestment
42$3,400,000StrataCloud ConsortiumSoftware & ServicesInvestment
43$3,000,000Campus StepsConsortiumTransactionsInvestment
44$3,000,000OpenFinConsortiumSoftware & ServicesInvestment
46$2,250,000DaticalConsortiumSoftware & ServicesInvestment
47$2,200,000SiteZeusChris Sullivan, Baldwin Beach CapitalSoftware & ServicesInvestment
48$2,200,000Tray.ioConsortiumSoftware & ServicesInvestment
49$2,100,000ScalyrConsortiumSoftware & ServicesInvestment
50$2,000,000FerrisUpfront Ventures, Allen DeBevoiseMobile & AppsInvestment
51$2,000,000OneSignalConsortiumMobile & AppsInvestment
52$2,000,000OnfleetConsortiumSoftware & ServicesInvestment
55$1,800,000HeadoutConsortiumMobile & AppsInvestment
56$1,800,000VirZOOM iTulip Investment GroupSoftware & ServicesInvestment
57$1,750,000SimplyInsured ConsortiumTransactionsInvestment
58$1,618,447Minube ConsortiumTransactionsInvestment
59$1,600,000MpiricaMcQuinn TrustSoftware & ServicesInvestment
60$1,500,000MixmaxConsortiumSoftware & ServicesInvestment
61$1,500,000TrackTik iNovia Capital, Klass CapitalSoftware & ServicesInvestment
62$1,400,000Dash Robotics IronFire CapitalHardware & InfrastructureInvestment
64$1,100,000Outdoor VoicesConsortiumEcommerceInvestment
65$1,000,000Honey Point Nine CapitalSoftware & ServicesInvestment
66$836,000ReproConsortiumMobile & AppsInvestment
67$704,671FloConsortiumMobile & AppsInvestment
68$645,045Atooma ConsortiumMobile & AppsInvestment
70$500,000SagoonUndisclosedSoftware & ServicesInvestment
71Undisclosed107roomSheng Xitai, Michael YuTransactionsInvestment
73UndisclosedBronto SoftwareNetSuiteMarketingAcquisition
74UndisclosedBurstIQ PV VenturesSoftware & ServicesInvestment
75UndisclosedClickMechanicKlaus NyengaardTransactionsInvestment
76UndisclosedCodenomiconSynopsisSoftware & ServicesAcquisition
77UndisclosedDada4w MarketPlaceSoftware & ServicesMerger
78UndisclosedFitHo WellnessPractoMobile & AppsAcquisition
81UndisclosedMedixmClinicaSoftware & ServicesInvestment
85UndisclosedPingThings GE Ventures, Frost Data CapitalSoftware & ServicesInvestment
86UndisclosedSafeConsortiumMobile & AppsInvestment
89UndisclosedWaygum Hartford Steam BoilerMobile & AppsInvestment

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)CompanyInvestor/BuyerSectorDeal Type
1$160,000,000Slack ConsortiumSoftware & ServicesInvestment
2$125,000,000RetailNext ConsortiumSoftware & ServicesInvestment
3$100,000,000Illumio ConsortiumSoftware & ServicesInvestment
4$95,000,000Docker ConsortiumSoftware & ServicesInvestment
5$80,000,000PrimeRevenue BBH Capital Partners, Battery VenturesTransactionsInvestment
6$50,000,000ZomatoInfo EdgeTransactionsInvestment
7$48,000,000CradlepointConsortiumSoftware & ServicesInvestment
8$45,000,000Sprig ConsortiumTransactionsInvestment
9$42,800,000Vlocity Salesforce Ventures, AccentureSoftware & ServicesInvestment
10$40,000,000Rethink RoboticsConsortiumHardware & InfrastructureInvestment
11$35,000,000Appirio Fidelity Management & Research CompanySoftware & ServicesInvestment
12$35,000,000GrofersTiger Global Management, Sequoia CapitalTransactionsInvestment
13$31,000,000Relationship ScienceConsortiumSoftware & ServicesInvestment
14$30,000,000AdallomConsortiumSoftware & ServicesInvestment
15$30,000,000Altitude Digital FastPayMarketingInvestment
16$30,000,000Duo SecurityConsortiumSoftware & ServicesInvestment
17$30,000,000Peloton True Ventures, Tiger Global ManagementHardware & InfrastructureInvestment
18$30,000,000Skyport SystemsConsortiumSoftware & ServicesInvestment
19$25,000,000BilltrustGoldman Sachs Private Capital Investing, Bain Capital VenturesTransactionsInvestment
20$23,000,000Acorns ConsortiumMobile & AppsInvestment
21$20,000,000NavdyConsortiumSoftware & ServicesInvestment
23$15,000,000CrossChxKhosla Ventures, Drive CapitalSoftware & ServicesInvestment
24$15,000,000PepperdataConsortiumSoftware & ServicesInvestment
25$14,000,000Lovethesign ConsortiumEcommerceInvestment
26$13,000,000Arcadia Healthcare SolutionsPeloton Equity LLC, Zaffre Investments LLCSoftware & ServicesInvestment
27$12,000,000Recorded FutureConsortiumSoftware & ServicesInvestment
28$10,788,000CurrencyFairOctopus Investments, Frontline VenturesTransactionsInvestment
29$10,600,000Number26 ConsortiumTransactionsInvestment
30$10,500,000Hello Alfred ConsortiumTransactionsInvestment
31$10,000,00099designsRecruit Strategic Partners, Accel PartnersTransactionsInvestment
32$10,000,000Baofeng MojingConsortiumHardware & InfrastructureInvestment
34$10,000,000PepperTapSequoia Capital, SAIF PartnersTransactionsInvestment
35$10,000,000UniKey ConsortiumHardware & InfrastructureInvestment
36$10,000,000YoyoConsortiumMobile & AppsInvestment
38$9,000,000meQuilibriumConsortiumSoftware & ServicesInvestment
39$9,000,000The Flatiron School ConsortiumInvestment
40$8,000,000Attivo NetworksBain Capital VenturesSoftware & ServicesInvestment
41$8,000,000npm Bessemer Venture Partners, True VenturesSoftware & ServicesInvestment
42$7,000,000PeakConsortiumMobile & AppsInvestment
43$7,000,000Plae ConsortiumEcommerceInvestment
44$6,750,000Assured Labor ConsortiumTransactionsInvestment
45$6,490,200Take Eat EasyRocket Internet, DN Capital, Piton CapitalTransactionsInvestment
46$6,000,000TouchBistro ConsortiumTransactionsInvestment
47$5,000,00099Games Ascent Capital, Kalaari CapitalGamesInvestment
48$5,000,000Benchling ConsortiumSoftware & ServicesInvestment
49$5,000,000FlashpointConsortiumSoftware & ServicesInvestment
50$5,000,000LocalOyeTiger Global Management, Lightspeed Venture PartnersTransactionsInvestment
51$4,326,800Cobi ConsortiumHardware & InfrastructureInvestment
52$4,000,000KhorusJoel Trammell, Tom GreigSoftware & ServicesInvestment
53$3,500,000Gamma 2 RoboticsFoxlink GroupHardware & InfrastructureInvestment
54$3,500,000Wrap Media FF Angel LLC, Raine VenturesMobile & AppsInvestment
56$3,200,000MoneyStream ConsortiumTransactionsInvestment
57$3,110,000Bedrock DataConsortiumSoftware & ServicesInvestment
58$3,000,000Resin.ioConsortiumHardware & InfrastructureInvestment
59$2,700,000Phantom CyberConsortiumSoftware & ServicesInvestment
61$1,837,725Haystack TV ConsortiumMediaInvestment
62$1,800,000Ihiji ConsortiumSoftware & ServicesInvestment
64$1,500,000Ascend Consumer Finance ConsortiumTransactionsInvestment
68$750,000PoachableVulcan Capital, Dawn LeporeTransactionsInvestment
69UndisclosedAnquanbaoBaiduSoftware & ServicesAcquisition
70UndisclosedAvenloMatomy MediaMarketingAcquisition
71UndisclosedBitcoinist.netZoltan TokayMediaInvestment
72UndisclosedBuyBitcoinSatoshi CitadelTransactionsAcquisition
74UndisclosedCourion K1 Investment ManagementSoftware & ServicesInvestment
76UndisclosedExplorysIBMSoftware & ServicesAcquisition
77UndisclosedForrun ArpatechTransactionsAcquisition
80UndisclosedLivazaEast VenturesEcommerceInvestment
81UndisclosedMaplePOSZomatoSoftware & ServicesAcquisition
83UndisclosedRandom42 Vespa CapitalMarketingInvestment
85UndisclosedSegwayNinebotHardware & InfrastructureAcquisition
86UndisclosedSplitforceLocalyticsSoftware & ServicesAcquisition
87UndisclosedStorySenseDianhuabangSoftware & ServicesAcquisition
88UndisclosedViralize Club DigitaleMarketingInvestment
89UndisclosedWanderioClub Digitale, Club Italia Investimenti 2TransactionsInvestment

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.