|AT&T buys AppNexus for around $1.6B
In a bid to bolster returns from advertising on its video and TV content, AT&T is buying digital ad platform AppNexus in a deal reportedly valued at around $1.6 billion. New York-based AppNexus, founded in 2007, previously raised more than $320 million in venture funding.
Meituan Dianping files for $4B IPO
Meituan Dianping, the largest service booking app in China, has filed for an IPO in Hong Kong. The company, which ranks as China’s fourth largest unicorn, plans to raise at least $4 billion in the offering.
PolicyBazaar secures over $200M
India’s PolicyBazaar, a fast-growing online insurance provider and lending marketplace, raised over $200 million in a new financing led by SoftBank.
Pet startups fetch record sums
People are spending more on their pets than ever, and venture investors have taken notice. Funding for pet-related startups has been surging for several years and it looks like 2018 will set a record, led by big rounds for dog-walking and pet-sitting services.
Immigrants lead about half of top-funded US startups
Roughly half of the most heavily funded U.S. unicorns count an immigrant as a founder or chief executive, a Crunchbase News analysis finds. The numbers hew pretty closely to overall stats for immigrant leadership at well-capitalized startups.