Australia-based Airwallex is the tech startup to enter the billion-dollar ‘unicorn club.’ The company announced today that it has closed a $100 million Series C round that values its business above $1 billion. Started in Melbourne in 2015 by four Chinese founders, Airwallex provides a service that lets companies manage cross-border revenue and financing in […]
View More Cross-border fintech startup Airwallex raises $100M at a valuation of over $1BCategory: sequoia china
Bowtie raises $30M to bring the digital insurance model to Hong Kong
The digital revolution has spawned ‘challenger’ banks that operate entirely online, with no high street presence. That phenomenon has taken off in Europe — particularly the UK — but over in Hong Kong, one of the world’s key financial hubs, the digital-only push is coming to the insurance industry. Bowtie, a Hong Kong-based digital insurer, just […]
View More Bowtie raises $30M to bring the digital insurance model to Hong KongKorean lending startup PeopleFund raises $11M led by chat app Kakao’s payment unit
South Korean peer-to-peer lending startup PeopleFund is in the money itself after it raised an $11 million Series B funding round that was led by Kakao Pay, the fintech division of Kakao, Korea’s top messaging firm. The deal comes as the country’s P2P marketplace continues to grow with a competitive field of players. A newer arrival […]
View More Korean lending startup PeopleFund raises $11M led by chat app Kakao’s payment unitNew unicorn Klook raises $200M to expand its travel activities platform worldwide
Klook, a Hong Kong-based startup developing a travel activities platform, has pulled in $200 million in new capital to fuel a major expansion into the U.S. and Europe. A spokesperson confirmed to TechCrunch that the round values the company at more than $1 billion, although the company didn’t provide an exact figure. Klook sets out […]
View More New unicorn Klook raises $200M to expand its travel activities platform worldwideUS-China biotech startup XtalPi lands $15M from Google, Tencent and Sequoia
Google continues to increase its presence in China after it joined Sequoia China and Tencent in a $15 million investment for XtalPi, a U.S.-China biotech firm that uses artificial intelligence and computing to accelerate the development of new drugs. The search giant remains blocked in China, but that hasn’t stopped it from making a series of moves in recent months. It is opening an… Read More
GV co-leads $27.1M Series A in Oxford Uni life sciences spinout Vaccitech
Leaning on its in-house life sciences expertise GV has backed another biotech startup in the UK, co-leading a £20 million ($27.1M) Series A in Oxford University spinout Vaccitech, which is developing a universal flu vaccine. Read More
New Sequoia China investment values Australian design company Canva at $1 billion
Canva, the Australian provider of graphic design software as a service, has become the world’s latest unicorn with a new investment led by Sequoia China.
A $40 million dollar round gives the company its eye-popping new valuation, following a year of tremendous growth in 2017 where Canva reached profitability and notched 294,000 paying customers for its design software-as-a-service… Read More