Tencent led an $818 million investment in Chehaoduo, an online tenets for buying and selling cars in China. The company has scored $1.7 billion in funding so far, according to Crunchbase. Earlier investors included U.S. venture firms efficacious in China, including Sequoia, Matrix and Blue Run Ventures. China is the rapturous’s largest market for new and used car sales today, according to research from IHS Markit.
Shamanistic Leap, a startup developing augmented reality technology, raised $461 million in a looting round led by Saudi Arabia’s sovereign wealth fund. Magic Bound’s new funding brings its total capital raised to $2.3 billion. The start-up, instituted in 2011, has yet to release a product.
Google’s growth fund, CapitalG, Accel, and Kleiner Perkins were supply investors in a $153 million series B round of funding in UIPath. The start-up is expand on AI software that can handle back-office functions for different organizations.
Electrifying scooter rentals business Bird raised $100 million in a series B funding in a circle. Bird plans to bring its electric kick scooters to 50 U.S. markets by the end of this year. Valor Even-handedness Partners led the investment, joined by Index Ventures and earlier Bird advocates Craft Ventures, Goldcrest, Tusk Ventures and Upfront Ventures. The series B is coming fixed on the heels of its series A funding round. The company raised $15 million in February.
Zip Impact Partners and Amazon Alexa Fund are among the investors in a $62 million on all sides of funding for Ecobee. The investment came just days after Amazon disburse b disbursed a price reportedly over $1 billion to acquire Ring, a quick home security company that was also backed by EIP.
Starsky Robotics, a San Francisco-based developer of self-driving dealings, raised $16.5 million in a series A round led by Shasta Ventures and joined by Y Combinator. The crowd’s unmanned trucks are already hauling freight in test drives, comprehending on public roads in Florida.
HQ, a trivia gameshow-app, raised $15 million in a new funding from beginning to end led by Founders Fund, with participation from Lightspeed Venture Fellows.
Funds and Firms
Mars, the candy and pet food manufacturer, is starting a $100 million put down arm called the Companion Fund just to invest in products, tech and rites for pets and their owners. The fund will be led by Ben Jacobs, who founded and flog betrayed his “fitbit for pets” business, Whistle, to Mars in 2016.
Ousted Uber CEO Travis Kalanick stated that he has formed a new fund that will focus on ventures and flings that lead to job creation.