Momo raises $100M as funding surges for Asian payment apps

Vietnamese e-wallet app Momo has reportedly raised $100 million in a fresh funding round led by Warburg Pincus. The financing comes amid a period of surging investment in Asia-based payment apps.

Palantir revenue said to hit $1B

Revenues reportedly hit $1 billion last year at Palantir, the secretive and highly valued big data and analytics unicorn that has been bandied about as a potential IPO candidate. If true, the sales figures help bolster the Silicon Valley company’s case for a high valuation, albeit not as high as some recent estimates.

Pro.com secures $33M for home renovation platform

Seattle-based Pro.com, which operates a platform for pricing and managing home renovation projects, raised $33 million in a Series B funding round led by WestRiver Group, Goldman Sachs and Redfin.

Illinois startups post a record year

The Illinois startup market in 2018 was very strong, and it’s not slowing down as we settle into 2019. Funding levels hit multi-year highs last year, and acquisitions of Chicago-area companies have been quite strong as well.

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Name Type Entries
Mobile payment companies funded in the last year Companies 191
Funded smart home companies Companies 299
Investments in big data and analytics companies in the last year Funding rounds 3,668
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Recent Investments

Momo

$100M / Series C

Momo is an e-wallet and payments app that allows users to pay online and transfer money to each other digitally.

Investors:

Warburg Pincus (Lead)

Alation

$50M / Series C

Alation empowers analysts and information stewards to search, query and collaborate for faster, more accurate insights.

Categories:

Data and Analytics · Information Technology · Software · Analytics · Big Data · Data Integration

Founders:

Aaron Kalb, Venky Ganti, Feng Niu, Satyen Sangani

Investors:

Harmony Partners, Icon Ventures, Costanoa Ventures, + 3 more

Bukalapak

$50M / Series D

Bukalapak is the leading e-commerce marketplace in Indonesia.

Categories:

Commerce and Shopping · Internet Services · E-Commerce · E-Commerce Platforms · Internet · Marketplace · Online Portals

Founders:

Achmad Zaky, Nugroho Herucahyono

Investors:

Mirae Asset-Naver Asia Growth Fund (Lead)

More Investments
Company Amount / Round Lead Investor
Trusfort 300M CNY / Series C CBC Capital
Pro.com $33M / Series B redfin, Goldman Sachs, WestRiver Group, LLC
ScaleFactor $30M / Series B Bessemer Venture Partners
Spell $15M / Series A Eclipse, Two Sigma Ventures
Truss $15M / Series A General Catalyst
Birdies $8.0M / Series A Norwest Venture Partners
All Recent Funding Activity

Recent Acquisitions

Discovery Benefits

Pending acquisition by Wex for $425M

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Company Acquired by Amount
iShangzu Danke Apartment $200M
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