Paris, 26 February 2020 – Cathay Capital, a leading international investment platform focused on cross-border investment and committed to supporting the international expansion of startups and middle-market companies in Europe, North America, Asia and Africa, announces the launch of a new platform, Cathay Connect & Consult platform (“C3 Platform”), to empower its ecosystem partners and boost growth through networking, knowledge-sharing […]
Category: News
Cathay CarTech Fund Invests in Waytous, the Industry Leader of Unmanned Intelligent Mines
March 13, 2020 Waytous officially announced that it has secured more than 100 million RMB A2 round of financing. Up to now, Waytous had raised, over 200 million RMB in series A round of financing since July 2019. The A2 round of financing was led by Cathay Cartech Fund, expert in the field of automobile and logistics, […]
Cathay Smart Energy Fund Invests in ALLSENSE Technology
March 9, 2020 The Cathay Smart Energy Fund recently announced the successful completion of an exclusive Series A+ funding round worth tens of millions of RMB in ALLSENSE Technology, an industrial IoT solutions provider. ALLSENSE Technology specializes in integrating cutting-edge artificial intelligence technology with production processes in order to upgrade traditional industrial operations and so […]
Serena, Obvious Ventures Invest In This Clinical Trial Marketplace’s $14M Series A
Inato wants to make clinical trials, which often tackle the most complex of diseases, more inclusive of all patients. The startup, founded in 2016 in Paris, France, has raised $14 million in a Series A, led by Obvious Ventures and Cathay Innovation. Serena and Fly Ventures participated in the round as well. […]
Chime CEO Chris Britt on teaming up with NBA’s Dallas Mavericks
Chime CEO and co-founder Chris Britt joins CNBC’s “Power Lunch” team to discuss the online banking company, the financial sector and his outlook for the company and the industry. Also, the Dallas Mavericks secured a jersey patch sponsorship with Chime for roughly 3 years. NBA jersey patch sponsorships can currently earn up to $20 million […]
2019 Africa Roundup: Jumia IPOs, China goes digital, Nigeria becomes fintech capital
2019 brought more global attention to Africa’s tech scene than perhaps any previous year. A high-profile IPO, visits by both Jacks (Ma and Dorsey) and big Chinese startup investment energized that. […]
Spain’s Glovo grabs $166M Series E for its ‘deliver anything’ app
Spain’s Glovo, an on-demand delivery app platform which operates in Europe, LatAm and Africa delivering food but also other urban conveniences from groceries to pharmaceuticals, has bagged another €150 million (~$166M) in a fast-following Series E round led by Abu Dhabi state investment company, Mubadala. […]
Digital bank Chime quadruples valuation in less than a year to $5.8 billion as it takes on megabanks
A war is brewing in digital banking, and one leading player just loaded up on ammunition. Chime, the largest of a new breed of branchless U.S. banks, raised $500 million in a series E round it closed recently valuing the company at $5.8 billion, according to people with knowledge of the situation. That is a remarkable […]
MIGO ANNOUNCES $20 MILLION IN SERIES B FUNDING, EXPANDS TO BRAZIL
In a bid to boost its economy, Zambia legalized the production and exportation of cannabis on Monday which will serve only economic and medicinal purposes. The Minister of Information and Broadcasting Services, Dora Siliya who also doubles as the government’s chief spokesperson revealed that the approval for the export of cannabis was granted at a […]
Digital bank Chime quadruples valuation in less than a year to $5.8 billion as it takes on megabanks
A war is brewing in digital banking, and one leading player just loaded up on ammunition. Chime, the largest of a new breed of branchless U.S. banks, raised $500 million in a series E round it closed recently valuing the company at $5.8 billion, according to people with knowledge of the situation. That is a remarkable […]