Crunchbase Daily: Ofo, SoftBank, The Wing and Zwift
US-China VC deal flow rises
Trade tensions between the U.S. and China have been roiling global markets for months. But it seems like no one sent a memo to venture capitalists. Cross-border VC investment activity between the two countries is at an all-time high this year, a Crunchbase News analysis finds.
Wheels fall off at Ofo
Not all those deals work out. The latest cautionary tale is Chinese bike-sharing giant Ofo, a once high-flying startup that raised $2.2 billion in the past four years and is now reportedly contemplating filing for bankruptcy.
SoftBank shares fall following massive IPO
Shares of SoftBank fell over 14 percent in their first day of trading after the company raised about $23.5 billion in Japan’s largest-ever IPO. The company is the mobile unit of conglomerate SoftBank Group, whose holdings also include Sprint and the $100 billion Vision Fund.
The top companies to launch your career
Wealthfront has published their 2019 list of career-launching companies. We’ve dissected the top names and dug into the numbers, looking at these career launching companies’ overlapping investors and how much they have raised.
The Wing raises $75M for women’s networking
The Wing, operator of a network of co-working spaces and social clubs for women, has raised $75 million in a Series C round led by Sequoia Capital and joined by Airbnb.
Austin startups mostly upbeat on Apple expansion
Austin-based startup executives and venture investors are mostly bullish about Apple’s plans to build a new campus there. However, they do see the move exacerbating already tight competition for engineering talent.
