Archive | July, 2017

Internet Dealbook Q2 Report 2017

 

China’s booming bike sharing sector

Commentary

First, there was the ride-sharing war between Didi Chuxing and Uber. Now, the battle for the best bike sharing startup is heating up. Bike sharing is thriving in China, with investors pouring hundreds of millions of dollars in to two of the country’s biggest players: Mobike and Ofo. To date, Mobike has raised a total of $928 million, while Ofo has recently received $700 million, raising its total funding to $1.29 billion. What attracts investors to these two startups is their mammoth scale. Each company boasts of having more than 100 million registered users and their bikes can be found in more than 20 cities in China. Now the big question is, can these companies be profitable given their weak business model, slim margins, and losses from thieves and vandals? It seems that investors are undeterred and both companies are eyeing global domination and have expanded outside of China.

View closes $200 million funding round

Commentary

Wouldn’t it be great if you had glass windows that adjust to weather conditions? View’s Dynamic Glass can do just that and even more. Dynamic Glass can maximise the flow of natural light into a room while minimising heat and glare. It can darken the light automatically depending on outdoor conditions. And if this isn’t enough, all of this can be commanded by an app. Dynamic Glass is one of the most exciting innovations today from View, a Silicon Valley-based startup specialising in large-scale smart glass technology. Last week, the company closed a $200 million funding round from TIAA and BlackRock. The company’s CEO Rao Mulpuri believes that windows will become more and more high tech in the next decades. The company is already doing its research on future technologies, like embedding transparent displays into windows. Today, View has finished over 300 projects and has over 100 commercial installations.

Top 20 Rest of the World Deals for June 2017

Deal No. Amount Paid (USD) Company Investor/Buyer Sector Deal Type
1 $650,000,000 Souq.com Amazon Transactions Acquisition
2 $145,484,824 3G Mobile Blue Label Hardware & Infrastructure Acquisition
3 $103,000,000 GetSmarter 2U Inc. Transactions Acquisition
4 $94,457,088 Teraco Data Environments Barclays Investment Bank Software & Services Investment
5 $69,000,000 takealot.com Naspers Ecommerce Investment
6 $41,000,000 Fetchr Consortium Mobile & Apps Investment
7 $15,000,000 iyzico Consortium Transactions Investment
8 $5,000,000 Modacruz Consortium Ecommerce Investment
9 $5,000,000 Cars45 Frontier Cars Group Transactions Investment
10 $5,000,000 MYDAWA Undisclosed Ecommerce Investment
11 $4,543,739 WeThinkCode BCX Transactions Investment
12 $3,500,000 compareit4me Consortium Transactions Investment
13 $3,000,000 Bayzat Undisclosed Transactions Investment
14 $2,500,000 BitPesa Undisclosed Transactions Investment
15 $2,000,000 Xineoh King and Bay West Software & Services Investment
16 $2,000,000 DokkanAfkar Riyad Taqnia Fund (RTF) Ecommerce Investment
17 $1,800,000 Seez B&Y, Wamda Capital, Phoenician Funds Software & Services Investment
18 $1,500,000 Sinemia Revo Capital Transactions Investment
19 $1,300,000 CarSwitch Glowfish Capital Transactions Investment
20 $1,250,000 Lidya Accion Venture Lab, Newid capital Transactions Investment

More information

  1. Amazon to acquire Souq, a Middle East clone once valued at $1B, for $650M (TechCrunch)
  2. Blue Label to buy 3G Mobile for R1.9bn (Tech Central)
  3. 2U Acquires GetSmarter for $103 Million to Add Short-Course Offerings (EdSurge)
  4. Teraco raises R1.2 billion for expansion (It news africa)
  5. Naspers Invests $69 Million Into South African E-Commerce Business Takealot, Takes Its Shareholding To Over 50% (iAfrican)
  6. Fetchr Secures $41 Million In Series B Funding Led By New Enterprise Associates, To Continue Disrupting The Traditional Delivery Industry (ME Newswire)
  7. Iyzico, a Turkish online payments company and potential Stripe competitor, closes $15M Series C (TechCrunch)
  8. Modacruz Raises Series B Financing Led by Middle East Venture Partners; Total of $5M Raised to Date (PRNewswire)
  9. Nigeria’s Cars45 closes $5M round to digitize Africa’s used autos markets (TechCrunch)
  10. MyDawa.com raises $5 million to bring prescription drugs online in Kenya (TechMoran)
  11. WeThinkCode gets a R60m injection from BCX (Stuff)
  12. Compareit4me.com Secures $3.5 Million (arabnet)
  13. Bayzat Raises $3 Million As MENA’s Health Insurance Opportunity Grows (Incarabia)
  14. BitPesa closes a $2.5M round to expand digital payments business beyond Africa (AppsAfrica)
  15. Bloemfontein startup secures $2m funding from Canadian investment bank (VentureBurn)
  16. Saudi startup Dokkan Afkar closes $2M round (Wamda)
  17. Lebanese automotive marketplace receives $1.8M seed fund (Wamda News (MENA))
  18. Movie ticket subscription service Sinemia raises $1.5 million for its US expansion (Tech.eu)
  19. Used car market place CarSwitch.com raises $1.3 million (cpi financial)
  20. Nigerian fintech startup Lidya raises $1.25 million seed funding (Techpoint)