Uber and Lyft accelerate IPO plans
Uber, Lyft accelerate IPO plans
Uber and Lyft, the top rivals for the U.S. ride-hailing market, are apparently engaged in another race to see who can launch a successful public offering first. Uber is reportedly eyeing a 2019 offering at a $120 billion valuation, far above recent private market levels. Lyft, meanwhile, could fetch a public valuation of over $15 billion.
Singapore backs big bigger startup deals
Singapore’s government-backed investment funds are boosting their backing of big deals, including two this week, a $220 million round for Chinese supply chain financing service LinkLogis and a $250 million acquisition of Israel-based cybersecurity startup Sygnia.
Lucidchart draws in $72M
Lucidchart, a Utah-based company offering tools for collaboration through charts and other visual media, secured $72 million in a Series C round backed by Meritech Capital and ICONIQ Capital.
SoftBank delivers $111M for Brazil’s Loggi
The SoftBank Vision Fund led a $111 million Series D round for Sao Paulo-based Loggi, a provider of on-demand same-day logistics services in Brazil.
ICON secures funds to 3D print homes
Austin-based ICON, a startup that employs robotics and 3D printers to cheaply build homes, has raised $9 million in a fresh funding round led by Oakhouse Partners.
