Chinaccelerator Daily Digest 2019/9/05

Overseas:

1. Employee survey startup Culture Amp closes US$82M round led by Sequoia China

2. US-based Palo Alto Networks intends to acquire Zingbox for US$75M

3. Bellwether Coffee, ‘the fastest-growing company in coffee,’ raises US$40M Series B

4. UK-based crypto research startup Elliptic raises US$23m Series B led by SBI Holdings

5. US-based Accion Venture Lab launches US$23m fintech-focused fund

6. London-based Railsbank raises US$10M Series A for its open banking and compliance platform

7. Australian satellite startup Fleet Space Technologies raises US$7.35M for its space-based IoT tech

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China:

1. China’s Quan Capital 泉创资本 closes second healthcare fund short of US$300M target

2. Alibaba to launch new department store brand, called 盒马里, next month in Shenzhen

3. Kuaishou achieved 100M RMB sales volume during its first e-commerce festival 靠谱好货节

4. Pet’em宠物家, pet service and retail brand, has obtained nearly 100M RMB in new financing round

5. Technode 动点科技, leading international tech media, raised 7-digit RMB  in Pre-B Series 

6. Smarttax 慧穗数字, fintech startup focused on intelligent taxation, received 7-digit RMB in angel investment funding 

7. Minstech 时乘科技, digitalized solutions for brands’ products, service and technology, completed 6-digit RMB in seed funding

Cross-Border:

1. Mitsubishi invests in Finnish transport app Whim that wants to replace car ownership

Emerging Market:

1. Singaporean Reefknot Investments launches US$50M global fund for logistics and supply chain startups

2. International Finance Corporation (IFC) proposes US$20m investment in fourth fund of  Chiratae Ventures’s, early-stage venture firm focusing on Indian startups

3. Meituan-backed Indian food delivery unicorn Swiggy launches on-demand delivery service

4. Indian Yelo, a personalized neobanking services provider, raises funding from Matrix Partners India, Omidyar Network India

5. Indian Advisorymandi.com, single window multi-asset investment platform, raises US$36m

6. India-based Atomberg Tech, household appliance technology startup, raises US$10m in Series A funding led by A91 Partners

7. Indian Edtech startup 3rdFlix Visual Effects raises US$5m led by Indian Venture Capital firm Exfinity Ventures

Image Credits: Business Insider