Logistics tech startup Veho valued at $1.5bn in Tiger Global-led fundraise

Veho, a startup that uses technology to facilitate next-day package delivery, raised $170mn in an early-stage funding round led by Tiger Global that valued it at $1.5bn. The fundraise announced on Tuesday also included SoftBank Vision Fund 2 and came six weeks after the company raised $125m at a valuation of $1bn. Last week, logistics […]
Chinese Autonomous Driving Startup Raises $157 Million From Hillhouse, Meituan

Haomo will use the funds raised from investors to build its talent pool and enhance its R&D capability, the company said in a statement on Wednesday. Haomo.AI, a Chinese autonomous driving startup controlled by Great Wall Motor’s Chairman Wei Jianjun, has raised nearly 1 billion yuan ($157 million) in a funding round as investors increase […]
Tech startup funding to Blacks, Latinos ticks up in Miami after investor influx

Black and Hispanic tech startup funding ticked up in Florida and Georgia this year, following an influx of investors fleeing California and efforts by some venture capitalists to focus on minority founders in the wake of George Floyd’s killing. Data from Crunchbase compiled for Reuters showed startups with a Black or Hispanic founder got 3.5% […]
Bain Capital invests $200 million in Chinese tech startup

Bain Capital has invested $200 million in Chinese tech startup Newlink Group, the private equity firm said on Monday, bringing the company’s total fundraising to $300 million this year. Newlink was founded in 2016 and helps drivers in China to find gas stations and vehicle charging points through an online platform which includes the apps […]