Bikesharing Startup LimeBike Raises $70M More
Continuing its meteoric fundraising arc, LimeBike has raised a $70 million extension to its Series B round, which previously totaled $50 million. That preceding check, which touched down just last October, followed a $12 million Series A in March of the same year.
DroneBase Raises $12M For Commercial Drone Ops
This morning DroneBase announced a fresh $12 million Series B, following its mid-2016, $6.8 million Series A. Prior investor USV co-led the round with Upfront Ventures, another previous investor in the Santa Monica-based drone operations business. Chinese drone company DJI took part in the Series B as well. The drone manufacturer has invested multiple times in the startup.
Here’s How Much More Private Investors Will Pay For Your Startup Than The Public Markets
According to Bessemer’s State of the Cloud 2018 report (here), startups are not only able to command revenue multiples (a valuation derivative) far higher than their public counterparts, but the trend is actually re-accelerating.
WeChat Flourishes At Home While Tencent Invests Abroad
WeChat, known as Weixin (pronounced way-sheen) in Chinese, was born as a WhatsApp copycat. That copycat has since baffled other giant social networking companies like Facebook with its all-in-one approach to messaging and apps. Here is how its competition is faring.