Late last month, Spanish media got wind that the Barcelona-based on-demand delivery app Glovo had closed Series B funding, but now the company is making the news official. The startup, which offers a service similar to Postmates in the U.S., has raised a €30 million round led by Rakuten Capital, and Cathay Innovation. Existing investors Seaya Ventures, Entreé Capital, […]
Category: Portfolio News
Chime raises $18 million for mobile banking without the fees
It’s a bank account and debit card built for the digital age. Chime is raising $18 million in Series B financing for its mobile-first approach to banking. Cathay Innovation led the round with participation from Northwestern Mutual Future Ventures, Crosslink Capital, Forerunner Ventures, Homebrew and others. […]
Cathay Innovation Leads $15M Round In Chinese Men’s Fashion Start-Up MagMode
Cathay Innovation, a global venture capital fund affiliated with Sino-French private equity firm Cathay Capital Private Equity, has led a US$15 million series B2 financing round in MagMode, a Chinese men’s fashion start-up. […]
Ex-Google Engineer Builds $1.5 Billion Startup in 21 Month
Colin Huang belongs to a rarefied cohort of Chinese entrepreneurs who launched their careers in Silicon Valley and then returned home to start successful tech companies. Huang, an ex-Google engineer who worked on early search algorithms for e-commerce, is already on his fourth and most ambitious startup. […]
This Stanford physicist quit academia to help companies like Pepsi sell more soda
Quantifind president Ari Tuchman doesn’t have the background you might expect from a startup founder. […]
Top 5 most popular apps for Chinese women
A decade ago, women made up less than 40 per cent of China’s internet population. That proportion has gradually risen over the past years to 47 per cent in 2014. On mobile, the share of female users is 38 per cent but is growing faster than men, increasing by 41 million last year to 282 […]