Venture investment in the Asia Pacific region held up at historically high levels in the third quarter, boosted by a quarter-over-quarter rise in reported deal volume. China accounted for most of the funding, including one of the highest recorded numbers of rounds over $100 million.
SoftBank has a new idea for spending eye-popping sums of money. The firm is reportedly in discussions to take a majority stake in WeWork, with an investment that could total between $15 billion and $20 billion.
Meicai, a Chinese startup that helps farmers sell vegetables to restaurants, has reportedly raised $450 million in a funding round led by Tiger Global Management and China Media Capital.
Egnyte, a Silicon Valley-based hybrid cloud storage and collaboration company, has raised a $75 million Series E round led by Goldman Sachs. The round, Egnyte’s first in five years, comes as the already profitable company seeks to accelerate growth.
WeWork’s not the only one attracting capital for shared workspaces. GoWork, an Indonesia-based coworking startup, has raised a $13.8 million Series A from Gobi Partners, The Paradise Group, and others.Share this Post
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