Business and Economy

Crunchbase Daily: Airwallex, Califia Farms, ThetaRay, PaySend, and PlainID

Crunchbase Daily: Airwallex, Califia Farms, ThetaRay, PaySend, and PlainID

More startup funding went to China than North America in Q2

For the first time, Chinese startups have eclipsed U.S. and Canadian companies in quarterly venture fundraising, according to Crunchbase data for Q2 of 2018. Much of the boost for China is due to a single round: a $14 billion investment in payment platform Ant Financial.

Lyft jumps into bikesharing with Motivate

Lyft has jumped into the bikesharing space with an acquisition of Motivate, operator of many of the largest metropolitan bikeshare systems in North America. The move follows arch rival Uber’s purchase of bikesharing startup Jump in April.

Levandowski is back with stealth startup

Anthony Levandowski, the former Google engineer and serial entrepreneur at the center of a trade secrets lawsuit between Uber and Waymo, is back with a new startup. It’s an autonomous trucking company called that is still in stealth mode.

Learning from US startup missteps in China

American consumer tech companies have a history of charging into China with high hopes—only to be defeated by local rivals. Several high-profile flops offer some lessons about what it might take to succeed


Airwallex  $80M / Series B

Airwallex is a financial technology company that offers integrated solutions to businesses for cross-border transactions. The Melbourne, Australia-based company has raised $102M in total funding to date.

Categories:  Financial Services · Payments · Finance

Founders:  Jacob Dai, Lucy Yueting Liu, Jack Zhang

Investors: Sequoia Capital China (Lead), Tencent Holdings (Lead), Square Peg Capital


Califia Farms  $50M / Venture Round

Califia Farms is a maker of plant-based beverages, including milk, non-dairy creamer and cold brew coffee. The Bakersfield, Calif.-based company will use the new funds to expand its manufacturing facility in Bakersfield.

Categories: Food and Beverage · Health Care · Nutrition · Organic Food

Founders: Greg Steltenpohl

Investors: Sun Pacific, Stripes Group, Ambrosia Investments (Lead)

Sun Pacific, Stripes Group, Ambrosia Investments (Lead)


ThetaRay $30M / Series B

ThetaRay is a cyber security and big data analytics company. The Hod Hasharon, Israel-based company will use the new funds to expand its presence in Europe, Asia, and the United States.

Categories: Artificial Intelligence · Data and Analytics · Financial Services · Information Technology · Privacy and Security · Science and Engineering · Software · Analytics · Big Data · Cyber Security · FinTech · Machine Learning

Founders: Ronald Coifman, Amir Averbuch

Investors: SVB Capital, OurCrowd, Bank Hapoalim, + 2 more



Leave a Reply