Morning Report:Welcome back from the weekend. This morning we’re going to take a quick look at some of the biggest rounds from the last few days.
The following three companies have raised $100 million or more since roughly Friday, making them the latest firms in the world to pick up a new nine-figures. The scale of their fresh capital makes these companies interesting, so let’s explore each briefly.
- :听According , GoGoVan is an “app-based platform providing delivery service for different countries in Asia.” Inclusive of its new $250 million in capital, the delivery startup has raised a little over $276 million. Notably, GoGoVan hadn’t raised since 2015. That’s a long time to go between venture rounds. (In this case, it’s a bullish sign for GoGoVan. It implies healthy growth in between the two events.)
- : Crunchbase has this $250 million round tagged as private equity (fair enough), but it makes our list this morning as it’s interesting. Per , Greensill provides what it calls “supply chain finance” (providing working capital to companies who ship goods they won’t be paid for until after a certain interval) and $1.64 billion after the new round.
- :聽Notably this is ASR’s second known round, and its second $100 million round. The Shanghai-based hardware company makes routers and smartphone components. Alibaba put money into the firm’s Series A.聽News spent some time reading through the company’s Chinese-language website and found it a bit light on details.
Amidst the late-stage boom that we find ourselves in, today’s pace of mega-rounds has become boring. Another $100 million round just doesn’t register at a time when Softbank can put billions to work with a single check. However, this is not normal and could end at any moment. For now, however, the good times continue.
From The聽:
Global VC boom led by late stage
- Late state deals dominated the global venture capital market in Q2 of 2018, accounting for nearly two-thirds of total investment. Overall, investors put an estimated $57 billion to work in later stage rounds in the just-ended quarter, according to Crunchbase data, more than double year-ago levels.
Catching up on Tintri鈥檚 collapse
- , a heavily funded flash storage company that limped across the finish and became a public company last year, has filed for bankruptcy and will sell most of what鈥檚 left of itself to DataDirect Networks.
- , a UK-based online lending platform for supply chain finance, has raised $250 million in a new round backed by General Atlantic. The financing values the seven-year-old company at $1.64 billion.
- That鈥檚 not the only large U.K. fintech startup funding today.聽, a London-based startup focused on cross-border payment tools for merchants, has raised $50 million in a new round led by PayPal.
Stay up to date with recent funding rounds, acquisitions, and more with the Crunchbase Daily.


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