Crunchbase Daily: Didi Chuxing, AppLovin, Dialpad, Snowball Finance, and Fastly
Crunchbase Daily: Didi Chuxing, AppLovin, Dialpad, Snowball Finance, and Fastly
Asia Pacific startup funding hits new highs
Startups in the Asia Pacific region attracted $72 billion in the first half of 2018, with $43 billion in venture capital funding in Q2 2018 alone, Crunchbase data shows. The funding totals show a staggering year-over-year increase, fueled by massive later stage rounds.
Booking invests $500M in Didi
Speaking of giant funding rounds for Asia Pacific companies, China’s Didi Chuxing just secured $500 million from the operator of the travel service Booking.com. The investment is part of a broader partnership for setting up rides on Didi through Booking’s apps.
High Alpha raises about $100M to boost Midwest startups
Indianapolis-based High Alpha, a venture studio and early-stage fund, announced that it has raised over $100 million to expand its operations, with backing from venture investors Foundry Group and Emergence Capital.
Catch up on Q2 with lots of charts
The just-ended quarter set fresh cyclical highs for venture investment, both globally and in North America. Crunchbase News summarizes the trends with a collection of charts for our global and North American Q2 investment reports
Recent Investments
Didi Chuxing is a mobile transportation platform, offering a full range of commuting options to 400 cities in China. The Beijing, China-based company will combine technology capabilities with Booking Holdings to offer travel experiences across the world.
Categories: Apps · Mobile · Software · Transportation · Mobile Apps · Public Transportation · Ride Sharing
Investors: Booking Holdings (Lead)
Apploving is a platform where app developers can connect with their consumers and get discovered. The Palo Alto, Calif.-based company intends to use the funds to continue to scale its global mobile game discovery business.
Categories: Advertising · Apps · Mobile · Sales and Marketing · Software · Mobile Apps
Founders: John Krystynak, Andrew Karam, Adam Foroughi
Investors: KKR & Co. (Kohlberg Kravis Roberts & Co.) (Lead)
Dialpad is a cloud-based business phone solution for companies. The San Francisco-based company will use the new funds for expansion by growing its current headcount by 100 employees and opening new office branches.
Categories:
Apps · Hardware · Information Technology · Internet Services · Messaging and Telecommunications · Mobile · Software · Meeting Software · Mobile Apps · Telecommunications · Unified Communications · Web Development
Founders: John Rector, Brian Peterson, Alex Cornell, Craig Walker
Investors: Andreessen Horowitz, Scale Ventures, Work-Bench, + 3 more
