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Startups Weekly: Flexport, Clutter and SoftBank’s blood money

sudshr47 February 23, 2019 Startups

Plus, Pinterest is going public too, Lyft’s IPO is imminent and London is home to the largest pre-seed fund ever.

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German insurance giant Allianz increases its VC fund to $1.1 billion

sudshr47 February 20, 2019

Allianz X, the venture capital arm attached to German insurance giant Allianz, has increased the size of its fund to €1 billion, around $1.1 billion, according to an announcement made today. The fund was initially €430 million, or around $490 million, when it launched in 2016. This new injection comes directly from parent Allianz SE, the 124-year-old […]

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Car-sharing network Turo expands service in UK

sudshr47 September 25, 2018

Turo — the peer-to-peer car-sharing marketplace sometimes referred to as the ‘Airbnb of cars’ — is expanding to the UK. And this time, everyday car owners can actually use it. The San Francisco-based company expanded to the UK once before in 2016. But at the time, the Turo platform was only offered to small rental […]

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Go-Jek plans to raise $2B more for Southeast Asia ride-hailing battle

sudshr47 September 17, 2018

Indonesia’s Go-Jek is planning to raise $2 billion from investors to fuel its ride-hailing battle with Grab in Southeast Asia. Go-Jek raised $1.5 billion earlier this year from investors that include Chinese trio Tencent, Meituan and JD.com, as well as Google, Allianz and Singapore sovereign fund Temasek. Now it is planning to raise a further […]

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Coya raises $30 million to launch its insurance service in Europe

sudshr47 June 5, 2018

Coya, a Berlin-based insurance startup, has raised $30 million in new cash as investors around the world continue to see opportunities in modernizing the insurance industry. Founded by two early employees at the European credit and risk assessment unicorn startup Kreditech (which raised EUR110 million from the Naspers subsidiary PayU) and two seasoned executives from […]

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N26 raises $160 million from Tencent and Allianz

sudshr47 March 20, 2018 Startups

German startup N26 just raised a $160 million Series C round led by Tencent and Allianz — some of N26’s existing investors are also participating. The company has attracted 850,000 customers and raised $215 million in total. N26 is building a retail bank from scratch. The company plans to double down on everything it’s been […]