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August 11th, 2015

Bi-monthly Highlights

Global Trends

The Apple Watch is winning in the battle of fitness trackers

Consumers are ditching their fitness trackers for the added functionality of smartwatches. And as smartwatches
become increasingly easy to use and affordable, they will capture an even greater share of the wearables market,
driving down demand for fitness- and activity-tracking bands, like the Fitbit. The fitness-band category will make up
42% of total wearables shipments in 2020, down from an estimated 48% share this year, and a 53% share in 2014.
To win over nontech buffs, smartwatch makers are also offering models that cater to health and fitness enthusiasts,
for example the Apple Watch Sport model. According to BI Intelligence, by 2020, Apple Watch shipments will be
equivalent to about two-fifths of the luxury-watch market. Assuming a lower-bound price of $350 for the luxury-watch
category, and including Apple Watch in that category, traditional wrist watches would account for ~60% of total
shipments in 2020, while Apple Watch would account for ~40%.

Facebook is leading the way in social commerce

Facebook is the top social commerce platform, driving more than two-thirds of mobile e-commerce traffic and
boosting social media's quickly growing share of e-commerce web traffic. Facebook accounts for 50% of total social
referrals and 64% of total social revenue. According to BI Intelligence, social is driving much bigger increases in
retail traffic than any other online channel. Social media increased its share of e-commerce referrals nearly 200%
between the first quarters of 2014 and 2015. In addition, for retailers to maintain these social gains, they will need to
pay special attention to mobile, where social engagement with retail content is still limited. Social media users are
35% less likely to share a brand's or retailer's social post on mobile than they are on desktop computers. In fact,
Pinterest is a major social commerce player despite a relatively small user base. The pinning platform drives 16% of
social revenue despite an audience 6.5 times smaller than Twitter. Twitter is losing its influence for mass-market
merchants, but it could still have a role to play among sporting and events marketers, especially for location-based
promotions.

Are digital wallets the future of Asian economy?

As many e-commerce businesses are vying for competitiveness in Money 2.0, the idea of a digital wallet will
eliminate the traditional method of money transactions, simplifying and compacting the way goods and services are
bought and sold. A few technological giants have all recognized a need in the market for transactions to be easier
and safer. Apple is slowly implementing its much anticipated Apple Pay and Google with Google Wallet. In similar
fashion, banks have also started to integrate digital payments platforms as part of their banking services, an addition
that has been very well received within certain Asian countries, most notably in Singapore. The transition to
payments made through digital wallets has been a popular approach taken by most of Asias biggest banks, and the
seemingly warm reception of Singaporean merchants to this new technology is a sign of expansive efforts to make
digital payments available all throughout Asia. With the advent of new technologies such as NFC and
commercialized cloud storage, removing the physical wallet and replacing it with a digitized wallet on your mobile
devices is fast becoming the norm rather than the exception.
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Asia Pacific
China

Startup gets US$50M to shake up Chinas used car market

Chinese consumers are new to the concept of buying used cars, but they know the industry is dodgy and dirty. Just
like in most other countries, a used car is a very risky buy. There arent many second-hand cars on the market in
China as the new car boom is continuing, albeit at a slower pace than in the past few years. Used vehicles
accounted for 19.1 percent of total car sales volume in China in 2013 compared to 72.4 percent in the US but the
market for pre-loved cars is growing fast. Mychebao revealed that it has pinned down US$50 million in series B
funding to grow its website and service to more Chinese cities. After securing US$10 million in series A last year
from Gobi Partners, the newest investment is led by Jiuding Capital and Addor Capital, followed by Gobi Partners,
Nanjing Venture Capital, and Bank of Nanjing. Lees startup sees 5,000 deals taking place each month. It makes
money by charging a three percent fee on top of the transaction amount from the buyer.

Chinas top Uber for laundry startup cleans up with US$100M series B funding
Chinas leading on-demand laundry startup, Edaixi, revealed that it has secured US$100 million in series B funding.
The latest investment, just over a year after getting US$20 million in series A from Matrix Partners and SIG, is led by
Baidu and followed by the two previous backers. People can use the Edaixi service in over a dozen cities across
China, with a large bag of laundry costing RMB 99 (US$16), or lower prices are available for single items all the
way down to just RMB 9 (US$1.50). Customers can submit an order from Edaixis website, native app, or WeChat
service account; the startup promises to return items all freshened up within 72 hours. Edaixis blockbuster funding
means it has raised a lot more than its Silicon Valley counterpart Washio, which locked down US$10.5 million for its
series A.

Chinese cloud server ops startup raises US$9M as it prepares to triple revenues
ChinaNetCloud, a China-based startup that provides cloud server solutions, announced that it has raised a US$9
million series A. The round was led by Juren Capital with participation from Jolly Capital both Chinese investment
firms in the Shanghai area. ChinaNetCloud says the funding will be used to accelerate the companys growth and
further tech development. ChinaNetCloud calls itself an Internet operations-as-a-service provider. It offers a range of
services that include building new server systems, managing and optimizing existing systems, and building and
managing cloud servers. It claims to offer one-stop-shopping so that instead of trying to build, manage, and scale
servers themselves, companies can leave that work to ChinaNetClouds team all while paying what the company
calls a relatively low price. ChinaNetCloud already has partnerships with a number of high profile web companies in
China including Alibabas cloud computing spinoff Aliyun, and it claims to have seen consistent 50-100 percent
growth in the years since its 2008 launch.

Chinas Airbnb-esque Tujia is a new startup unicorn after US$300M funding

Chinas top Airbnb-like site secured its biggest ever round of VC funding to the tune of US$300 million. Tujia, which
started operations in 2011, is now valued at over US$1 billion so its officially a startup unicorn. It has raised a
total of US$455 million from private investors in four major rounds. This newest round was led by Hong Kongs AllStars Investment, which is a new backer for Tujia, with The Ascott, a chain of serviced apartments thats a part of
CapitaLand, also joining in. Tujias website shows a holiday home rental for US$160 per night. All the money its
raised makes Tujia effectively Chinas seventh best-funded startup. Airbnb rival Homeaway has previously invested
in Tujia and this partnership gives Tujia overseas property listings in over 60 foreign destinations that Chinese
tourists can browse in their own language.

NetEase puts up US$500K to fund mobile game developers

NetEase announced that its opening up an initiative that it calls the NetEase Success Fund. Its positioning this as an
alternative to the publishing model for mobile developers who need for marketing and player acquisition, Each studio
accepted into the program could get up to $500,000 each, and accepting the funding does not put developers into a
situation where it owes tons of money to NetEase in perpetuity or has to hand over its intellectual property. NetEase
North America business director Ryan DeSanto announced that his teams goal is to provide small indie studios with
a way of acquiring players without having to spend a ton of cash on traditional marketing. Not only will NetEase let
developers keep their properties and equity, it will also only split revenue until it gets back its initial investment.

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Silicon Valley, Chicago, London Tel Aviv, Singapore, and Seoul.
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China's Sleepace secures US$7M in Series B from Luolai and JD

China-based smart sleep solutions startup Sleepace has secured US$7 million in Series B from Luolai Home
Textile and B2C e-commerce company JD. It had previously raised US$3.2 million in Series A round from Gobi
Partners in July 2014. Earlier this year, it secured US$164,623 from over 1,000 backers in an Indiegogo
crowdfunding campaign for its flagship product RestOn, a non-wearable sleep monitor that links up to the
Sleepace app via Bluetooth to track and analyse the quality of an individuals sleep. Founded in 2011, the Shenzhenbased healthtech startup consists of a team of information technology and healthcare experts experienced in the
Internet of Things (IoT) industry and sleep science. The company announced that it will use its funds to improve
product R&D, enhance branding and market outreach, and expand into new markets.

Photo marketplace 500px raises US$13M more to help double down on its expansion in China
Photo community and marketplace 500px has raised US$13 million in new funding in a round led by strategic
investor Visual China Group. Along with the Visual China Group, the companys Series B round included
participation by all the major investors from the previous investment, including Andreessen Horowitz, Harrison Metal,
and ff Venture Capital. In total, 500px has raised $23 million in venture capital. The company says that it will be
expanding its presence in the Greater China market while also working to grow its community of photographers.
Prior to this funding, 500px was already accessible in China, but this strategic partnership will certainly boost the
companys exposure throughout this highly sought-after market. The company announced this new funding will be
used to support its rapid growth and expand its team. In addition, the company will accelerate its product
development to support creative and design industries interest in licensing 500px images.

Chinese VC firm prepares US$5B war chest as it targets Western tech companies
Chinese firm GSR Capital announced a new US$5 billion mergers and acquisition fund. Sonny Wu, co-founder of
GSR Ventures and chairman of GSR Capital, will lead the industry leaders managing the funds. The company
announced that its fund will be used to target international investment opportunities in qualified leading enterprises in
sectors including clean energy, bio-pharmaceutics and life sciences, bulk commodity investment, traditional and
internet finance, wireless communication, and cultural industry. GSR Ventures is a venture capital fund that invests
primarily in early and growth stage technology companies with substantial operations in China. GSR currently has
over $1 billion under management. They have partnership with Mayfield Fund, and have offices in Beijing, Hong
Kong and Silicon Valley.

Hong Kong's SpotHelp and PRESSIE get US$1M from Jaarvis Labs
Jaarvis Labs, a Hong Kong-based accelerator fund that typically backs O2O marketplaces has added two new
ventures to their portfolio. Both startups announced a seed round of US$1 million from Jaarvis and a group of
unnamed angel investors. One is SpotHelp, a startup that provides on-demand concierge and personal assistant
services, which handles a wide-range of chores and tasks requested via text, WhatsApp or Facebook messaging.
The other, a gifting app called PRESSIE, where users can send gifts from a variety of Hong Kong merchants for instore pick up.The two fledgling startups will receive support from Jaarvis in hiring, platform development and
expansion to Singapore, Australia and India. Specifically, the funds will be used for developing SpotHelp and
PRESSIEs platforms, hiring, as well as ramping up marketing efforts. As the startups are in similar development
stages, theyll be able to cut overhead costs and share resources as Jaarvis portfolio companies.
Alibaba's injects US$1B into cloud computing arm Aliyun
Alibaba Group announced that it will invest US$1 billion in its cloud computing division Aliyun in an effort to set up
data centers in Singapore, the Middle East, Japan and Europe. The international expansion puts Aliyun in direct
competition with the successful Amazon Web Services the division that boosted the value of Seattles ecommerce giant past Walmart last week thanks in part to an 81 per cent year-on-year sales increase. Furthermore,
Aliyun also announced a partnership with Chinese software vendor Yonyou the largest independent software
enterprise in the Asia Pacific region. Aliyun has also proven itself to be a big friend to the Chinese startup scene,
launching Founders+ in March. The programme offered anywhere from US$4,800 to US$64,000 for cloud-based
training as well as a free work office. Alibaba announced that it hopes Aliyun to continually empower customers and
partners with new capabilities, and help companies upgrade their basic infrastructure.

SparkLabs Global Ventures (http://www.sparklabsglobal.com) is a global seed-stage fund with partners in

Silicon Valley, Chicago, London Tel Aviv, Singapore, and Seoul.
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Korea

South Korea-based travel startup Allstay raises US$432K

South Korea-based travel startup Allstay has raised KRW 500 million (US$432,680) in its first round of financing from
Venture Republic, operator of Japanese travel site Travel.jp, and South Korean online travel agency TideSquare.
With this investment, Allstay will invest in accelerating growth and service development, with a focus on its
localisation and mobile features. Founded in December 2014 by Hyunsoo Cho and Yongseok Lee, Allstay aims to
solve a pain-point of South Koreas travel industry, which is the lack of a mobile meta-search service for all local
travel agencies and private accommodations. Allstay will able to leverage on South Koreas high smartphone
penetration, which will reach 83 per cent of its 42.5 million mobile phone users by the end of 2015.

South Koreas Netmarble sinks US$130M into SGN, fastest-growing major mobile studio in U.S.
Social games developer SGN announced today that it had accepted US$130 million in funding from Netmarble
Games, South Koreas largest online game publisher. SGN currently calls itself the countrys fastest-growing major
mobile games studio in a near $30 billion annual market, with 500 million downloads and $280 million in revenue so
far this year. Its Cookie Jam was Facebooks Game of the Year in 2014. The investment will make Netmarble the
largest shareholder in the company, ahead of Austin Ventures, SGNs venture capital company investor. Currently,
the Seoul-based Netmarble wants to expand further into the U.S. domestic market. He said he expects both
companies will distribute the others games. The company announced that it has three tracks it plans to invest in:
mergers and acquisitions of other studios; expanding its marketing, especially in television; and growing its own
skunkworks development shop.

Japan

Japanese startup raises US$9M to show where your websites visitors click, tap, and slow their scroll
Ptmind, the Tokyo-based startup behind heatmap and web analytics service Ptengine, announced that it raised
US$9 million in pre-series A funding from CAC Capital. The investment will be used for hiring and product
development. Ptengine, founded in 2010, works across multiple devices and provides real-time analysis of website
visitor behavior. Its heatmapping tools reveal what visitors tend to click (or tap) on and where they stop or slow
down their page scrolling (or swiping). Automated event tracking can tell a user when someone downloads a file or
sends an email to a specific address. A campaign feature allows a user to analyze traffic from external promotions,
like a Facebook page. The data aggregated by Ptengine can then be used by web developers, marketers, or UI/UX
teams to improve design and content placement and thus give a boost to conversion rates and sales. The startup
charges a monthly fee for the service, based on the number of monthly pageviews a site receives. For sites that get
less than 20,000 views per month, the service is free.

Taiwan

Taiwans Foxconn to set up VC fund and incubator in India

Taiwans Foxconn Technologies, one of the largest contract manufacturers of consumer electronics, will soon set up
an incubator in India along with a venture capital fund to invest in areas such as mobile Internet, e-commerce,
online services and renewable energy. The executives of Foxconn did not specify the size of the fund or how it
would operate in India, but said that the company would leverage all of its innovation, integration, design and
production arms to work with startups. Foxconn and SoftBank have pledged US$20 billion investment into Indias
solar energy sector. SoftBank will have majority control in the newly formed company. Foxconn currently wants
to open 10-12 manufacturing facilities in India by 2020. Chinese e-commerce giant Alibaba and Foxconn
Technology Group, are reportedly in talks to jointly invest about US$500 million in Snapdeal, a deal that could value
the Indian e-commerce company at about US$5 billion. This investment in Snapdeal could give Foxconns clients a
sales channel in the country. Positive sentiments in the economy, wider penetration of Internet and rise in corporate
funding from the likes of SoftBank is fueling the growth of entrepreneurship in the country.

India

Grey Orange adds wings to its international expansion plans with US$30M funding round
Gurgaon-based hardware startup Grey Orange has raised US$30 million in a series B funding round led by Tiger
Global Management and existing investors Blume Ventures. Grey Orange builds robots that operate in the
warehouses of retail, logistics, and ecommerce companies with the goal of enabling quicker deliveries and minimal
errors. The startup was initially launched in 2009 by Samay Kohli and Akash Gupta as an education and training
SparkLabs Global Ventures (http://www.sparklabsglobal.com) is a global seed-stage fund with partners in
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company in the robotics space. Later on, it evolved into an industrial robot manufacturing company. The company
set its international expansion plans in motion some time ago and this funding round is meant to boost those plans.
Internationally, Grey Orange competes with major players like Swisslog, Kiva Systems, and Fetch Robotics. Kiva
Systems was acquired by Amazon in 2012 for a whopping US$775 million. It currently operates as a subsidiary
company of Amazon and has been rebranded as Amazon Robotics. It manufactures mobile robotics fulfillment
centers.
AngelPrime raises US$47M and rebrands itself as Prime Venture Partners
Bangalore-based seed stage VC fund AngelPrime announced a new round of funding led by The Social+Capital
Partnership along with undisclosed institutional investors from New York, Hong Kong, Singapore, Silicon Valley, and
across Europe. AngelPrime raised US$46.9 million and has been renamed Prime Venture Partners. Prime Venture
Partners is headed up by Sanjay Swamy, Shripati Acharya, and Amit Somani. and plans to remain an early-stage
investor in technology startups, maintaining its deep involvement approach. Prime Venture Partners portfolio
includes startups like ZipDial, which was estimated to have been acquired by Twitter earlier this year for about
US$30 million, Ezetap, and HackerEarth. Last month, the seed fund invested US$500,000 in marketing tech startup
Vidgyor.

Indian crowdfunding site Ketto raises US$700K for SEA expansion

Mumbai-based crowdfunding platform for social, personal and creative projects Ketto has raised US$700,000 in
funding, led by Pradyumna Dalmia, a member of Calcutta Angels and Sudhir Rao of The Chennai Angels. Others
who participated in the round include Singapore Angel Network, Anupam Mittal, Indian Internet Fund, LetsVenture,
The Chennai Angels, Calcutta Angels, Intellecap Impact Investment Network (I3N), Ah Ventures and Project
Guerrilla. With this funding, the startup plans to double its technology and business development team with an aim
to reach US$100 million in volume by crowdfunding. Ketto also wants to expand operations to Singapore, Indonesia
and Malaysia, among other Southeast Asian countries. Founded in October 2012, Ketto is a crowdfunding platform
for social, personal and creative projects. The company claims it has witnessed a growth of 3,000 per cent year-onyear in terms of volumes.

India's Roadrunnr raises US$11M in Series A from Sequoia, Nexus & Blume.
Bangalore-based Roadrunnr, a B2B online platform and service provider for hyperlocal logistics, has raised US$11
million from Sequoia Capital, Nexus Venture Partners and Blume Ventures. The company has previously raised
seed funding from Nexus Venture Partners and Blume Ventures. The startup will use its funding to enhance its
technology platform, expand nationally and build a dense delivery network. Roadrunnr is a company that caters to
merchants, restaurants and e-commerce companies, managing their deliveries in a cost effective manner.

Indian mobile fintech company Mswipe raises US$25M Series C

Mswipe Technologies, a mobile point of sale (PoS) company in India, has closed US$25 million in its Series C round
of funding from Falcon Edge Capital, Ola Cabs and Meru Capital. Investors include Falcon Edge, Ola and Meru
Capital. Existing investors Matrix Partners, Axis Bank and DSG Consumer Partners also participated. Mswipe is a
Mumbai-based merchant acquirer and mobile PoS solutions provider. It launched its first PoS solution in 2012 with a
card reader, which could be attached to any mobile phones audio (headset) jack. Mswipe closely works with
smaller banks such as Corporation Bank, Ratnakar Bank, SVC Bank and also large banks like Axis Bank. It is
present in the Middle East, US and Southeast Asia through partnerships. The firm will use the funds to further
accelerate its growth and customer acquisition.

Trifecta ups debt fund size to US$79M; to make first close soon
Trifecta Capital, an India-based venture debt fund floated by Rahul Khanna, former Managing Director of Canaan
Partners, has increased its fund size to INR 500 crore (US$79 million) from the proposed INR 300 crore (US$50
million). Founded in 2014, Trifecta Capital is a venture debt fund seeking to invest in technology and healthcare
companies in India. The fund will offer investments in the range of INR 5 crore to INR 20 crore (US$800,000 to
US$3 million) to Series A and B stage startups.

India's Zo Rooms raises Series A from Tiger Global, Orios VP

Delhi-based budget hotel marketplace Zo Rooms has raised an undisclosed round of Series A funding led by Tiger
Global, with participation from Orios Venture Partners. The company announced that it would be investing in
building a strong team. Majority of the funds will be used for bolstering technology and strengthening marketing and
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branding activities. Founded in 2014, Zo Rooms provides comfortable accommodation according to the customers
preference at affordable prices. Over the past six months, Zo Rooms claims to have expanded to 30 cities with more
than 400 hotels.

Orios forms new US$150M fund to back fintech, B2B startups

Orios Venture Partners, an India-based early-stage VC firm floated by serial investor Rehan Yar Khan, has
announced a new US$150 million fund. The new fund (Fund II) will primarily focus on startups working in the fintech,
B2B commerce, used merchandise and affordable products spaces, besides SaaS and B2C commerce. The new
fund has been devised to build a larger portfolio of approximately 25 seed companies and another six-eight Series
A/B companies. Orios is a Mumbai- and Bangalore- based VC firm focused on making early-stage investments in
consumer Internet and software products. Its senior team has been investing in early-stage companies since 2008
and has led over 35 investments at seed and Series A stages.

India's Droom raises US$16M in Series A funding led by Lightbox

Droom, Indias first online automobile marketplace has raised US$16 million in Series A funding led byLightbox. The
first round of funding for Droom was led by BEENOS.Launched in Nov 2014 by serial entrepreneur Sandeep
Aggarwal, Droom currently operate in 13 different automobile categories including auto services with 1000 sellers
and 6,000 listings. The startup currently has a team of more than 85 people with offices in Gurgaon (India) and
Silicon Valley (US). With its new funding, Droom will be expanding operations to add 20 automobile and 12 service
categories hosting over 50,000 sellers and 200k listings in the next 18-24 months. The company also plans to
expand into Southeast Asia by early 2016.

Founders O2O fashion marketplace app Little nabs US$50M

Little, an app-only marketplace for deals in the online to offline space (O2O) launched by Manish Chopra and
Satish Mani, founders of online fashion brand Zovi has raised US$50 million, led by mobile wallet player Paytm
along with a large, new, undisclosed investor. The round also saw participations from existing investors SAIF
Partners and Tiger Global Management. The company will use its funds to build the largest merchant ecosystem in
the country, hire senior-level talent and build new technology to focus on the Indian O2O market expected to be
worth US$64 billion by 2016. The company is also building a large O2O supply-side infrastructure and will offer
50,000-plus live deals across 11 cities by March 2016. With its partnership with Paytm, the company plans to power
the deals platform on Paytm and enable payments when a customer bags a deal. Little claims it has already enrolled
over 5,000 merchants in 11 cities across India.

Home services segment in India gets hot as Zimmber scores US$2M

Zimmber, an on-demand home services marketplace startup, announced that it has raised sub-US$2 million, co-led
by IDG Ventures and Omidyar Network, with participations from Ram Shriram, Founding Board Member of Google
through Sherpalo Ventures; TV Mohandas Pai, Chairman of Manipal Global Education & ex-Member of Board of
Directors of Infosys through Aarin capital. Prior to this round, Zimmber had raised an undisclosed amount from a
group of angel investors. Founded in October 2014, users can hire services in Zimmber across nine main categories
home spa, laundry, AC servicing, plumbing, electrical repair services, pest control services, painting services, and
carpentry services. The firm already has operations in three cities namely Gurgaon, Mumbai and Pune, with plans
to go to adjacent cities. It has 400-plus service providers enrolled on the platform. The startup will use its new funds
to expand to more cities and add new categories and products.

Indias Pepperfry nabs US$100M from Goldman Sachs, others

Pepperfry.com, a leading online marketplace for furniture and home products in India, has secured US$100 million in
a fresh round of funding, led by Goldman Sachs and Zodius Technology Fund. Existing investors Bertelsmann India
Investments and Silicon Valley-basedNorwest Venture Partners also participated in this round. In May 2014, the
company had bagged US$16 million led by Bertelsmann.Founded in January 2012, Pepperfry is a managed
marketplace that helps thousands of merchants and craftsmen sell to millions of customers across India and the
world. The company not only markets furniture and home decor products through its site, but also employs
carpenters and operates a fleet of over 350 delivery vehicles. In the last three years, Pepperfry has served over 2
million customers across more than 300 cities. Mumbai-based Pepperfry will utilize its capital to expand its logistics
footprint in tier III and tier IV cities by adding to its growing fleet of delivery vehicles. It will also open new distribution
centres and expand its carpenter and assembly service network.

SparkLabs Global Ventures (http://www.sparklabsglobal.com) is a global seed-stage fund with partners in

Silicon Valley, Chicago, London Tel Aviv, Singapore, and Seoul.
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India's Jugnoo acquires BookMyCab; plans to raise US$20M Series B

Indias hyperlocal marketplace app, Jugnoo, has announced that it is breaking into Indias taxi aggregator market
with the acquisition of BookMyCab the third-largest taxi aggregator in India. Just a month and a half back, Jugnoo
closed a US$5 million Series A supported by Snow Leopard Ventures and PayTM. But the startup is not resting on
its laurels, and talks of raising US$20 million in a Series B round is under way.Launched in 2014, Jugnoo started as
an auto rickshaw aggregator and quickly diversified into hyperlocal meal and marketplace delivery services through
its Jugnoo Meals and Jugnoo Fatafat apps. Currently, Jugnoo operates in only four cities in India Chandigarh
Tricity, Ludhiana, Amritsar and Jaipur. With its new funding, Jugnoo plans to have access to BookMyCabs fleet of
4,000 vehicles.

Bangladesh

Hiring platform ZenRadius raises seed funding from TracxnLabs

Hiring platform ZenRadius announced that it has received an undisclosed amount of seed funding from TraxcnLabs,
an incubator backed by Flipkart Co-founders and Deepak Singh of Anzy Careers. This Bangalore-based network
hiring platform enables firms, especially startups, to hire the right candidates through professional networking.
ZenRadius is a platform that allows users with an email address to enter keywords of the professional vacancy or
requirement. The platform automatically pulls out appropriate references from the users own contact list and
suggests new ones.

MakeMyTrip to invest US$15M in HolidayIQ

MakeMyTrip, Indias largest online travel company, will invest US$15M in Bangalore-based HolidayIQ, the travel
community and holidays recommendation engine. The funds will mainly be used to strengthen HolidayIQs
capabilities on content, mobile and products. The platform aims to become the authentic voice of Indian travellers,
by encouraging all Indian travellers to share reviews & express opinions on their travels. Currently, HolidayIQ claims
to have over a million holiday reviews from Indian travellers. MakeMyTrip hopes that this tie-up will power their hotelgrowth strategy, and provide immense value to Indian travellers in the form of user-generated and curated tripplanning content.

AngelPrime is now Prime Venture Partners; forms new US$47M fund

AngelPrime, a seed-stage venture capital firm, has rebranded as Prime Venture Partners, and launched a new INR
300 crore (approximately US$47 million) fund. The fund has already made the final close; Silicon Valley-based The
Social + Capital Partnership is the anchoring investor. It also saw participation from several institutional investors
from Silicon Valley, New York, Hong Kong, Europe and Singapore.The Bangalore-based fund will continue to make
early-stage investments in technology startups, with a provision to make Series A investments in the portfolio
companies. Prime aims to invest between US$500,000 and US$1 million in three to five startups a year.AngelPrime,
which started with a US$8 million fund in 2011, has already invested in eight companies, most of which are financial
technology firms. The VC fund is now expanding to other sectors such as consumer Internet, healthcare, education
and Internet of Things (IoT).

Indonesia

Indonesia's culinary startup BerryKitchen raises US$1.25M in Series A

BerryKitchen, an online catering company, announced that it has raised US$1.25 million in Series A funding from
Sovereigns Capital a US-based venture capital firm that is focused on early growth-stage investments in
Indonesia and other select markets along with existing investor, East Ventures. This round was its third series of
funding in less than two years. Launched in 2012, BerryKitchen is Indonesias first online catering system, and its
target market is young executives. The startup plans to use its funds to scale its business and achieve exponential
growth quickly. It also has set its sights beyond Indonesia. BerryKitchen plans to apply for a number of key
certifications, as well expand its team, in order to hit company growth targets

Singapore

Singapores Numoni raises US$4.7M to bring digital payments to unbanked

Singapore-based digital payments company Numoni has raised US$4.76 million in a series B round. Singaporean
investment firm OWW Capital Partners and notable local business figure Robert Yap, along with several private
funds, participated in the round. Numoni was founded in 2012 to enable cashless payment methods for unbanked
SparkLabs Global Ventures (http://www.sparklabsglobal.com) is a global seed-stage fund with partners in
Silicon Valley, Chicago, London Tel Aviv, Singapore, and Seoul.
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populations. Its prime offering is Nugen, an ATM-like terminal that allows the user to remit money abroad, pay bills,
receive funds, top up phone airtime, and more. Since 2012, Numoni has expanded from Singapore to Malaysia,
Indonesia, the Philippines, and Hong Kong. In October 2014, it acquired a controlling stake in Maxbank, a thrift bank
in the Philippines. Where the series A enabled the company to bring its Nugen terminals to market, and the series
A+ helped it to invest in Maxbank, Numoni is concentrating on hiring and market penetration with this latest round.

Singapore's fintech startup fastacash raises US$15M in Series B

Singapore-based fintech company, fastacash, has announced today that it has raised US$15 million in Series B
funding. The funding round was led by Rising Dragon Singapore and includes Life.SREDA, UVM 2 Venture
Investments LP, as well as existing investors. This brings the total funding for the startup to US$23.5 million.
Launched in 2012, fastacash is an online payment startup that allows users to make value through social networks
and messaging platforms. fastacash partners with banks, mobile operators, remittance companies, payment service
providers, mobile wallets and other financial institutions to enable these value transfers. fastacash currently has
services in India, Indonesia, Russia, Singapore and Vietnam. With its funding, the company hopes to expand its
reach to new markets in the U.S., U.K, Europe, and the Middle East, tapping on their social-media-savvy migrant
population. In addition, the company also hopes to build its foothold in the worlds largest inward remittance and
domestic markets, such as India and other Southeast Asian countries.

UOB and Temasek to offer up to US$500M in venture debt financing

Singapore-based United Overseas Bank Limited (UOB) has entered into an agreement with Singapores Temasek
sovereign wealth fund to provide venture debt financing to the tune of up US$500 million to startups in China, India
and Southeast Asia. UOB will also purchase 50 per cent stake in InnoVen, hence InnoVen will be a UOB-Temasek
joint venture. According to UOB, the joint venture will provide loans over the next five years to high-growth,
innovative startup companies operating in sectors such as technology, consumer, healthcare and clean technology.

Singapore-based Bitcoin platform BitX raises US$4M in Series A

BitX has raised US$4 million in a Series A round led by Naspers Group, through its payments subsidiary PayU.
Existing investor Barry Silberts Digital Currency Group also participated in the funding round. Founded in 2013, BitX
is a global cryptocurrency platform that offers mobile Bitcoin wallets, institutional quality exchanges and various
APIs for merchant and other business integration. Its headquarter is in Singapore, with offices in Cape Town and
Jakarta. BitX users can use the platform to buy, trade, store and transfer money via Bitcoins online. The startup will
use its newly raised capital to accelerate hiring across all functions and countries, as well as enhance its product
and services.

United States

Vainglory creator Super Evil Megacorp raises US$26M for hardcore mobile gaming
Super Evil Megacorp, creator of hit touchscreen multiplayer online battle arena (MOBA) game Vainglory, has raised
US$26 million in funding. The funding is a big endorsement for Super Evil Megacorps plan to create hardcore
esports games on mobile devices such as tablets and smartphones. The new round was led by Index Ventures, with
support from Russian investor Yuri Milner, Jim Breyer of Breyer Capital, and Korea Investment Partners. Existing
investors who also participated include Signia Venture Partners, General Catalyst, Raine Ventures, Initial Capital,
and Cross Cut. Super Evil has also formed two new major partnerships with Chinas Giant Interactive and Koreas
OnGamesNet (OGN), as the company works hard to pave the way for mobile esports to be truly mass market.

Voxel8 raises US$12M to help bring 3D-printed electronics to the masses

Voxel8, creators of a 3D electronics printer, has raised US$12 million to grow its team and develop the core
technology that enables companies to 3D-print products with built-in electronics. Braemar Energy Ventures and
ARCH Venture Partners led the round, with participation from Autodesk through its Spark Investment Fund
and In-Q-Tel.Co-founded by Harvard professor Dr. Jennifer Lewis, Voxel8 says it has already sold printers to
companies working in the aerospace, automotive, medical, apparel, consumer electronics, defense, and 3D
antenna industries. While the company previously raised an undisclosed round of financing, this funding represents
the first significant VC funding the company has taken on. The company announced that it will use its funding to
accelerate the process of bringing this novel technology to market.

Content delivery network startup Fastly takes on US$75M

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Fastly, a startup that offers to host content in many places around the world in order to display it quickly to Internet
users, announced today a US$75 million round of funding. This is a bit of a surprise, given that its been less than a
year since Fastly last announced funding. But the startup continues to pick up business, and its competing with the
likes of public cloud market leader Amazon Web Services, with its CloudFront content delivery network (CDN), as
well as CloudFlare, Incapsula, Akamai, and others. Fastly now supports tens of thousands of websites, according to
a statement on the new funding. More than 200 employees now work for Fastly, and the headcount will reach 425
next summer, the spokesman wrote. Fastly started in 2011, and is based in San Francisco. To date, the startup has
raised $130 million. Iconiq Capital led the new round of funding. Amplify Partners, August Capital, Battery Ventures,
IDG Ventures, and OReilly AlphaTech Ventures also participated.

Hybrid storage maker Tintri raises US$125M

Tintri, a company that sells storage boxes packing both fast solid state drives alongside traditional hard disk drives,
announced a US$125 million round of funding. Tintris hardware is designed for storing and serving up data for
individual virtual machines (VMs), several of which can run on a single physical server. Admins can set performance
needs for individual VMs. In the hybrid storage market Tintri competes with publicly traded Nimble Storage and
Tegile, not to mention legacy storage providers like EMC and NetApp. Silver Lake Kraftwerk led the new funding
round. Existing investors Insight Venture Partners, Lightspeed Ventures, Menlo Ventures, and New Enterprise
Associates also participated. To date Tintri has raised $260 million, including the $75 million round announced in
February 2014. Since then the company has added support for hypervisors other than VMwares vSphere, including
Microsofts Hyper-V.

Vroom lands US$54M to replace the used car salesman

Vroom has announced that it has raised US$54 million from General Catalyst Partners, T. Rowe Price Associates,
Catterton, and a bevy of angels. In total, Vroom has raised $73 million in equity funding to date. In addition to the
fresh cash, Vroom has hired Michael Akrop, former VP of Finance for online shoe seller Zappos, to help the
company grow its distribution network. Vroom is an entirely digital car store that buys and sells a range of cars, 32
brands including Tesla. Once a car is purchased, Vroom will ship the car to the buyer anywhere in the U.S. for free
within two days. With the additional funds, the company plans to buy up more cars and grow the number of
refurbishing centers where it tests, tweaks, and stores cars for sale. In addition, Vroom will use its funding to build
out a delivery network so that it can deliver cars the same day theyre purchased.

Flipboard confirms it has raised US$50M in new funding

Flipboard, a company with desktop and mobile apps for reading online articles and flipping them into curated
magazines, has raised $50 million from a new investor. The company announced that it will use its funds to expand
their engineering and sales teams as well as increase investment in infrastructure to support the growing number of
readers and curators on Flipboard. Flipboard is a social magazine application founded in 2010, which is designed to
collect the content of social networks and other websites and present them in magazine format on the
iPad. Flipboard currently has 70 million monthly active users, and its valuation was reported at around $800 million.
To date, Palo Alto, Calif.-based Flipboard has raised at least $210 million.

Python distribution vendor Continuum Analytics raises US$24M

Continuum Analytics, a company that provides distributions of the Python programming language, announced that it
has raised US$24 million in funding. BuildGroup and General Catalyst Partners led the new round in Continuum
Analytics. Previously the Defense Advanced Research Projects Agency (DARPA) gave the company $3 million in
research funding. Continuum Analytics was founded in 2011 and is based in Austin, Texas. Continuums Pythonbased data analytics products and consulting services empower organizations to analyze, manage and visualize big
data turning massive datasets into actionable insights and business value. To date the company has raised $34
million.

Predictive lead scorer Leadspace, founded on data tactics used against terrorists, captures US$18M
San Francisco-based Leadspace, announced that it has scored US$18 million in new funding so it can continue to
figure out signals left by individuals in big data. Led by Battery Ventures, this Series B round included investments
from JVP and Vertex. It brings the total raised thus far to $35 million, including debt. The company currently claims
more than 100 current customers, including Oracle, Autodesk, and Microsoft, and it says clients generate $100
worth of pipeline-filling deals for every dollar spent with Leadspace. The fund will be used to increase Leadspaces
global footprint, extend its partnerships, and further develop its platform by expanding its tech development team in
Israel. New integrations will be developed for marketing platforms like HubSpot and Pardot, employing the
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companys recently launched API. The company also plans to expand into new engagement opportunities, like
advertising or content, so the platforms customers can have more options for finding and connecting with their ideal
buyers.

Events.com raises at least US$17M and acquires events registration website

Event planning app Events.com announced that it closed a funding round led by Arctaris. The company did not
disclose how much it raised in the round, but it said that the latest funding brings the total investments to over $17
million. Events.com also announced that it has acquired an online registration site called EventsOnline to expand its
client base. The company investors include Tomorrow Ventures, and Burch Creative Capital.

DataFox raises US$5M to push its tool for tracking private companies
DataFox, a startup with a web service that companies can use to monitor privately held companies, announced a
US$5 million round of new funding. Goldman Sachs, Green Visor Capital, and Stanford StartX participated in the
new round of funding in DataFox. DataFox started in 2013 and is based in San Francisco. The startup has hundreds
of customers, including Box, Looker, Mail.ru, and Scale Venture Partners. The startup has 15 employees now and
should reach a headcount of 40 by the end of next year. The company recently introduced Datafox for Teams, a
new tier of service that adds features for team members to collaborate in the course of doing research. Analysts
could previously work together in DataFox, but now they can do much more.

BrightBytes raises US$33M to help schools everywhere gauge the impact of technology in classrooms
BrightBytes, a software-as-a-service (SaaS) data-analytics company that measures the impact of technology in K12 education, has raised US$33 million as part of a series C financing. The San Francisco-based company had
raised $18.5 million since its inception in 2012, so this last funding takes its total funding past the $50 million mark.
The round was led by Insight Venture Partners, a VC and private equity firm based in New York, with contributions
from Bessemer Venture Partners, Learn Capital, and Rethink Education. BrightBytes is a company that targets
those at the helm of educational institutions and school districts, offering tools to help them make sense of their data
and look at how investment in technology is directly influencing outcomes in the class. The company will use its
funding to grow its international customer base, and build its engineering and customer support teams.

Farm management analytics company Granular raised US$18.7M

San Francisco-based Granular, the company behind farm management software and analytics, announced that it
took in a US$18.7 million round led by Tao Capital Partners. Previous investors Andreessen Horowitz and Google
Ventures also participated. Granulars investments add up to at least US$25.2 million and the company said that it
plans to expand the San Franciscos software and data science team. Emory Investment Management and Fall Line
Capital also joined the round.

Cloud platform company Apprenda takes US$24M

Apprenda, a startup that sells platform-as-a-service (PaaS) cloud software for building and running applications,
announced that it has raised US$24 million in new funding. Safeguard Scientifics led the new round in Apprenda.
New Enterprise Associates and Ignition Partners also participated. Apprenda started in 2007 and is based in Troy,
New York. To date, the company has raised $56 million, including the $16 million round from November, 2013.
Apprenda claims to have dozens of customers, including AmerisourceBergen, JPMorgan Chase, and McKesson.
Apprenda provides software that can run on top of cloud infrastructure or companies existing on-premises data
center infrastructure or both. That distinguishes it from some cloud-only PaaS providers, like market-leading
public cloud Amazon Web Services, Google App Engine, and Heroku. The company plans on using its fund to
support technologies like IBMs WebSphere middleware, Dockers containers, and Microsofts .NET software

Move over, Verizon Cinarra scores US$20M to get mobile carriers into the ad targeting game
Startup Cinarra Systems has announced that it landed on US$20 million to make consumer data from non-Verizon
mobile carriers available for segmented targeting by advertisers. The new Series B round was led by the Japanbased telecom subsidiary of conglomerate SoftBank Group. Cinarra has established a branch in Japan specifically
for that market. The CEO of startup announced that SoftBank sees this as the beginning of a new phase, when
telco operators connect their data to Net platforms like online publishers and digital advertisers do. Gartner has
predicted the global mobile ad market will balloon to $42 billion by 2017, four times what it was in 2012.Founded in
2012, the Santa Clara, Calif-based company said it expects to launch its platform before summers end. In real time,
this carrier-oriented DSP (demand-side platform) buys space for ads, and then, using mobile carrier data, delivers
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those ads. The company announced that new Series B funding, which brings the total raised by Cinarra to about
$24.7 million, will be used to scale the engineering and sales teams. Besides SoftBank, other investors in this round
were Almaz Capital and Siguler Guff & Company.

Telemedicine startup Pager raises US$14M, eyes San Francisco

Pager announced that it has raised US$14 million to bring its on-demand doctor service to San Francisco and
beyond. New Enterprise Associates, Sound Ventures, Goodwater Capital, Lux Capital and Montage Ventures all
participated in this round. With its funding, Pager was founded in 2014 to connect non-emergency patients with
nurses and doctors who make house calls in the New York city area. Patients select one of three types of
appointments: sickness or injury, a physical, or a health check, and Pager links them to one of its 40
doctors. Pagers healthcare professionals remotely evaluate patient requests to determine whether an ailment falls
within the scope of what theyre able to treat, before agreeing to an appointment. With its new funds, Pager
currently looks for expansion opportunities, both into new markets and through partnerships with healthcare
organizations.

Ecovent raises US$6.9M round for its room climate control system
Ecoevent, a company that creates what it calls the only intelligent home zoning system to regulate room-by-room
climate, announced that it closed its Series A round. The startup raised a US$6.9 million investment led by Emerson
Climate Technologies. Tamarisc and Blue Fog Capital also participated in the round. The startup announced that it
already has more than $1 million in pre-orders for its product, which will transform home by giving consumers
control over their comfort in every room.

Bulletproof, the company that puts butter in coffee, just raised US$9M
Bulletproof, the startup behind the trendy but hotly debated Bulletproof coffee featuring grass-fed butter and
energy-rich oil announced that it has taken on US$9 million in venture funding. The startup offers a whole line of
available products, including oil, coffee beans, proteins, supplements, and even a diet book. Trinity Ventures led the
round in Bulletproof, which began in 2011 and now has more than 30 employees. By selling its products online, in
grocery stores, and in its own custom-branded stores, Bulletproof wants to increase the brands popularity around
the world.

Accel leads US$6M Series A in SaaS wellness startup ManageMySpa

ManageMySpa, a mobile and cloud-based technology platform that serves the beauty and wellness industry in India
and the US, has received US$6 million in Series A funding led by Accel Partners. While ManageMySpa is
headquartered in Seattle in the US, significant investments are being made into the India market. Founded in 2010,
ManageMySpa helps businesses in the beauty and wellness space grow their business. The platform currently
supports companies of all sizes from single outlet spas and salons to multi-location chains with more than 300
outlets. The company has offices in seven countries, including Malaysia, Indonesia, the Philippines and India. It has
customers in over 30 countries that include Kaya Skin, Enrich Salons, O2 Spas, and Blush Clinics. The company will
use its funds to accelerate its sales and marketing growth globally and to expand its mobile product offering.

GitHub confirms that it has raised US $250M, led by Sequoia Capita

Source code repository software company GitHub announced that it has raised a $250 million series B funding round,
with top-tier venture capital firm Sequoia Capital leading the round. Andreessen Horowitz, Thrive Capital, and
Institutional Venture Partners also participated in the This new funding gives the company a valuation of about $2
billion. Last month GitHub was raising $200 million in a new round. San Francisco-based GitHub, which started in
2008, now has around 320 employees and more than 10 million users, up from 1.7 million in 2012 with its user base
increasing. GitHub itself currently sells GitHub Enterprise for companies to deploy in their own on-premises data
centers or on top of Amazon or Microsoft clouds. GitHub now has its own enterprise sales team to increase adoption
of these tools

Occipital captures a new US$13M funding round for 3D imaging technology

San Francisco-based startup Occipital that makes 3D sensing hardware and software announced that it has received
a new $13 million round of venture funding. The funds come from Intel Capital, Shea Ventures, and Grishin Robotics,
and existing investor Foundry Group. Startup Occipital has been building a software developer kit (SDK) that lets
developers use the sensor to develop apps and games with 3D imagery and augmented reality. Currently, Occipital
makes and supports the Structure Sensor and SDK, as well as the 360 Panorama app for iOS. Its hardware and
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software platform is being increasingly adopted in industries including medicine, architecture, visual effects, and 3D
printing, and by industry leaders like 3D Systems, ILM, and many others The startup announced that its new funds
will be used to further develop the platform, and to market it to more enterprises.

Europe

European cloud computing startups get US$120M boost thanks to fresh Notion Capital fund
Notion capital, a venture capital investment firm based in London, has launched a new US$120 million fund to back
Europes business-to-business cloud-computing companies. The VC firm had two previous funds prior to this,
amounting to around $150 million, and the company announced that the fund will be aimed at software-as-a-service
(SaaS) and cloud computing companies based in Europe, with a specific focus on startups at the series A stage.
The fund will be aimed at software-as-a-service (SaaS) and cloud-computing companies based in Europe, with a
specific focus on startups at the series A stage. The company announced that it aims to identify emerging
entrepreneurial talent in Europe and help them build global category leaders.

Adidas acquires mobile fitness company Runtastic for US$239M

Sporting giant Adidas has acquired Runtastic, a European mobile fitness startup known for its GPS fitness-tracking
app of the same name, in a deal worth US$239 million. Founded out of Austria in 2009, Runtastic has built a solid
reputation in the digital fitness realm over the past five years, primarily for its flagship GPS fitness tracking app,
racking up millions of downloads along the way. The startup has launched a ton of hardware, too, including GPS
watches and smartphone mounts for bikes, as well as a number of niche apps for building six-packs, working out at
home, and even improving your sleep. And late last year, Runtastic entered the virtual reality (VR) fray with a new
fitness app for Oculus Rift. With such a large user base, Runtastic would have been a tempting proposition for the
likes of Adidas.

Social network FishBrain catches US$8M

FishBrain, a social network aimed at fishing fans, announced that it hooked in a US$8M series A round led by
Northzone. The company says that it helps anglers [fishing fans] by predicting the optimal time, place, and bait to
catch particular species of fish in any given location using meteorological information and crowd-sourced data in a
unique algorithm. The company has raised at least $10.5 million since its seed round in 2014. Tokyo-based
Recruit Strategic Partners and New York-based Novel TMT Ventures also joined the round for FishBrain.

Mallzee raises US$4M to grow its Tinder for fashion app globally
Mallzee, a Tinder for fashion startup that aggregates online retailers inventory and lets users swipe to save their
favorite garments, has raised $4 million (2.5 million). Leading the investment round, perhaps surprisingly, is U.K.
postal service company theRoyal Mail Group, with contributions from the Scottish Investment Bank Par Equity, and
a handful of entrepreneurs. Founded out of Edinburgh, Scotland in 2013, Mallzee has been largely U.K.-focused
since its launch, but it did release a version for the U.S. market back in November, just in time for Black Friday.
Today, it claims a six-figure user base spread across 125 countries. The app, available on Android and iOS,
includes more than 100 retailers, and lets users create so-called style feeds, monitor price-drop alerts, and peruse
style advice. Mallzee has raised $1.5 million in funding to date through a series of angel rounds, hence this last
funding round takes the company past the magic $5 million mark. The company announced that it will use its fund to
innovate the m-commerce space and scale its global offering.

Fractured Space developer Edge Case Games secures US$1.3 million in funding
Edge Case Games, the developer of the competitive, team-based spaceship game Fractured Space, announced
that it has secured US$1.3 million in funding. This funding round was led by U.K. investor Mercia Technologies. This
funding round makes Edge Case Games a company to get significant funding as a PC developer in an era filled
mobile investing. The company announced that it will use its funding to accelerate development of Fractured Space.
It will also begin to expand the game to Asian markets. The developer plans to release a full, free-to-play version of
Fractured Space later this year.

Fresh from US$275M funding round, fantasy sports firm FanDuel acquires app development firm Kotikan
Fantasy sports firm FanDuel has made its first-ever acquisition, which comes less than a week after it announced a
whopping US$275 million funding round. Kotikan, a mobile app developer based in Edinburgh, Scotland, revealed it
had been bought by FanDuel for an undisclosed amount, and will dedicate its entire resources to building fantasy
sports apps for FanDuel. Founded in 2009, FanDuel is a daily fantasy sports provider that offers a myriad of oneSparkLabs Global Ventures (http://www.sparklabsglobal.com) is a global seed-stage fund with partners in
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day game options for the NFL, MLB, NBA, and NHL. FanDuel has emerged as one of Scotlands biggest tech
company exports, and its notable insofar as the product is built entirely in Scotland, but for customers based
entirely in the U.S. and Canada. The company has raised north of $360 million since its inception, and although it
still has an office in Edinburgh, its headquarters are now located in New York. FanDuel has been on a major hiring
spree of late, taking on 38 former Zynga employees back in May, and now another 56 today. It now has 243 staff
across the U.K. and the U.S., and plans to hire more software engineers before the year is out.

Tour startup Trip4Real raises about US$1.66M from the Spanish government
Trip4Real, a startup which launched in 2013 and allows travelers to connect with local experts when on vacation,
announced that it has obtained about US$1.66 million (1.5 million Euro) from the Spanish Ministry of Tourism. This
becomes the latest round for Trip4Real, which previously raised 1 million Euro in seed funding last June from local
investors Caixa Capital Risc and Kibo Ventures. With this latest backing, Trip4Real intends to continue to expand
internationally, particularly into markets like Berlin, Prague, and Istanbul, for starters, while also rolling out new
product features. Trip4Real currently offer 4,000 activities in cities like London, Paris, Barcelona, Amsterdam,
Dublin, Edinburgh, and Rome, in addition to operating in dozens of cities in Spain. In keeping up with a recent trend,
Trip4Real operates by partnering with regular people seeking to earn a bit of cash on the side.

Londons Deliveroo devours US$70M in fresh funding to grow its premium meal-delivery service globally
Startup Deliveroo has received another US$70 million in funding as the U.K-based food-delivery startup gears up for
some aggressive expansion across Europe, the Middle East, and Asia. The startups funding estimated to be close
to $100 million, following its $25 million raise back in January and $2.5 million the previous June. Greenoaks Capital
and Index Ventures led the latest round, with participation from Accel and Hoxton Ventures, both existing investors.
Founded out of London in 2013, Deliveroo sets itself apart from the many other food-ordering aggregators out there
by focusing on the premium end of the culinary realm. The company currently aims to increase its reach across the
U.K. to 18 towns and cities, and has already expanded out into France, Germany, and Ireland, and claims a 500
percent growth in daily orders since January. While the startup is aiming big in terms of global reach, it has no
immediate plans to target the U.S.

Catawiki raises US$82M to grow its online auction house for collectibles such as dinosaur bones
European online auction house Catawiki has raised $82 million in a Series C round led by New York-based Lead
Edge Capital, with participation from previous investors, including Accel and Project A Ventures. This latest round
takes the companys total funding past the $95 million mark, after the $12.8 million raised last December, and a
previous $1 million Series A round. Founded in Amsterdam in 2008, Catawiki focuses on specialist items aimed at
collectors. For the past four years, the company has held weekly auctions across sixty categories, covering jewelry,
stamps, coins, classic cars, and more. The company will use its new funds to roll out new product features on their
platform and open up new markets even faster than originally planned.

Israel

Axel Springer acquires Israels leading classifieds portal Yad2 for about US$182.7M
Axel Springer Digital Classifieds, a joint venture founded by Axel Springer and General Atlantic, announced that it
has agreed to acquire Coral-Tell Ltd., the owner of Israels leading classifieds portal yad2, from Walla!. According to
the deal, 100% of Coral-Tells stocks will be transferred to ASDC for a price of about US$182.7 million (165
million). Founded in 2005, Tel Aviv-based yad2 leads the Israeli classifieds market, and has about 10,000 property
and other small classifieds are placed on the site every day. Axel Springer SE, one of the largest media groups in
Europe, generated more than half of its revenues and earnings in digital activities in the Q1 of 2014, for the first time
ever in companys history. . Yad2 currently joins Axels top classified businesses in Europe, like
continental StepStone that operates in 20 countries, UKs leading job portal Totaljobs, the French-language property
portals SeLoger and Immoweb.be,and German Immonet and meinestadt.de.

83North announces US$200M fund to invest in European and Israeli startups

London and Tel Aviv-based venture capital firm 83North (formerly Greylock IL) announced that it has raised a
new US$200 million fund to further invest technology startups in Europe and Israel. The company who has
previously backed startups like iZettle, Just Eat, Actifio, AeroScout, Hyrbis, Just Eat, is now managing over $550
million allocated in 8 years under 3 funds. 83North, the company who turned global after breaking up with then
affiliate fund joined by Greylock Partners, is now investing mostly in European and Israeli tech businesses of any
stage. Over half of the companies 83North has backed so far have operations in the US.
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Community project startup Neighbourly raises US$1.5M

U.K.-based startup Neighbourly.com announced that it closed its US$1.5 million angel fund-raising. The startup
says it unites local community causes, projects, and charities with businesses which can help, by contributing time,
resources, or funding.Neighbourly did not disclose the funds investors, however, it also announced a new addition
to its board. David Eldridge, whom Neighbourly calls an experienced technology entrepreneur, will join Investor
Director Chris Kelly, on the board of Neighbourly.

New Zealand

New Zealands Booktrack secures US$5M in Series B led by COENT Venture Partners
New Zealand-based Booktrack, a company that adds movie-style soundtracks and ambient audio to e-books,
announced that it has closed a Series B investment round of US$5 million. The funding round was led by
Singapores COENT Venture Partners and New Zealands Sparkbox Ventures. Booktrack previously raised US$3
million with its Series A financing led by Sparkbox Ventures. Backed by investors including Peter Thiel and Weta
Digital, using Booktrack Studio, any user can bring digital text to life by adding a synchronised soundtrack from a
database of more than 20,000 audio files. Booktrack announced that it will use the funds to leverage the recent
closing of the Series B investment round to drive growth through marketing innovation, acquisition of premium
content and allowing any publisher, self-publisher or musician to create and sell Booktrack titles through its
marketplace.

Russia

Russian iTech Capital invests US$3M in interactive stock-chart service Trading View
iTech Capital, private-equity firm originally based in Russia, has announced that they have invested US$3 million in
a Series A round for Chicago-based investment startup TradingView (the startup is obtaining $3.6 million
altogether). TradingView was created with the aim of providing the platform for creating and sharing interactive
investment charts. TradingView launched in 2012 and participated in the TechStars Chicago acceleration program
in 2013 on its way to global popularity. In just a few years from launch, the company currently claims more than
500K monthly users from 100 countries and reports growth at a 10% month-over-month rate. The company has
announced that its latest round will be used to develop and launch new services, including localization, to expand
sales and marketing efforts, and to implement new data feeds.

SparkLabs Global Ventures (http://www.sparklabsglobal.com) is a global seed-stage fund with partners in

Silicon Valley, Chicago, London Tel Aviv, Singapore, and Seoul.
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