Fundings

GreyOrange raises $140M to develop fully-automated robotics for warehouses

GreyOrange, a Singapore-headquartered firm that develops robots for warehouses, has pulled in a $140 million Series C funding round as it targets more expansion and growth. The company was started in 2011. Today it has five regional offices across the world — covering India, Singapore, Japan, Germany, and the U.S. — three R&D centers and more than 60 …

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Apple’s Shazam acquisition cleared by EU regulators

European regulators have given the green light to Apple’s December 2017 acquisition of music and image recognition discovery firm Shazam. Apple Music is the second largest music streaming service in Europe, after Spotify . While Shazam offers what has been described as “a leading music recognition app” in the region (and globally). TechCrunch broke the …

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Southeast Asia’s Fave raises $20M and adds mystery strategic investor from China

So you thought group-buying was dead?! Not in Southeast Asia where Fave, a company that aims to connect local merchants with customers using discount sales, has closed a $20 million Series B round as it explores expansion opportunities. The startup began as fitness subscription service KFit, but it pivoted group-buying and coupons after it acquired Groupon’s …

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Location marketing platform Uberall raises further $25M and acquires competitor Navads

Berlin-based location marketing startup Uberall has raised a further $25 million in funding — adding to a $25 million Series B raised earlier this year — and acquired competitor Navads. Terms of the acquisition remain undisclosed, with Uberall claiming that the deal makes it the second biggest location marketing platform behind U.S. rival Yext. Navads …

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European banking app Monese scores $60M Series B led by Kinnevik

The large amounts of cash that is being invested in challenger banks in the U.K., whether that be startups with a fully fledged banking license or those using the less burdensome e-money regulations, shows no signs of abating. The latest banking fintech to raise a substantial new round is Monese. The London and Tallinn-based company, …

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South Korean home cleaning startup Miso sweeps up $8 million Series A

South Korean home cleaning service Miso wants to leave its competition in the dust after raising an $8 million Series A. Led by AddVenture, with participation from returning investors Y Combinator, FundersClub and Strong Ventures, and new backer Social Capital, the funding will be used on marketing and entering new Asian countries. The Y Combinator …

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WSJ reports that Theranos will finally dissolve

Theranos is reportedly finally closing down for good, nearly three years after a Wall Street Journal investigation called its blood testing technology into question. The WSJ said the company, whose dramatic downfall spawned a best-selling book that’s set to be filmed with Jennifer Lawrence starring as Theranos founder and CEO Elizabeth Holmes, sent shareholders an …

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