Capital Gains: Fresh funds for Chinese bitcoin, lots of fintech, art shopping and more
Baidu makes a fintech bet against Tencent and Alibaba.
After a couple weeks of monster rounds from ride-hailing startups and other giant-sized unicorns, this was a relatively calm week on the funding front. Here are some of the headlines:
Social payments startup Circle is moving into China to take on Tencent and Alibaba’s Alipay, and it just raised a $60 million round from a group of investors that includes Tencent and Alibaba rival Baidu (Bloomberg). The makers of InVision, a software service for product design, raised $55 million in a Series D funding round led by Iconiq Capital, the VC firm that invests the money of Silicon Valley heavyweights like Reid Hoffman and Mark Zuckerberg. FirstMark Capital and Accel Partners also kicked in some cash (TechCrunch). Plaid, a financial technology startup that helps other fintech startups access their customers’ bank account info, raised $44 million in a round led by Goldman Sachs, with participation from Spark Capital, NEA and others (Wall Street Journal).
This post was published at Recode on JUN 26, 2016,.