VC Deals: SoftBank Invests $250M In Brazilian Renting

Baidu (NASDAQ:BIDU) Ventures joined the $37M Series B for AI-powered drug delivery startup Insilico. Qiming Venture Partners led the round.

Welcome to Seeking Alpha’s Venture Capital Deals of the Week. Follow this account and turn on the e-mail alert to receive VCDeals in your inbox on Friday afternoons.

  • SoftBank (OTCPK:SFTBF,OTCPK:SFTBY) led the $250M Series D for Brazilian rental property marketplace QuintoAndar, pushing the company into unicorn territory. The startup’s marketplace lets users search, book, and advertise rental properties in the region. There’s also a credit analysis system that eliminates the need for co-signers, deposits, or rental insurance. The company projects over 2M visits scheduled in 2019 and 4,500 contracts signed per month. The funding will help expand into additional Brazilian cities, hire talent, and build out broker partners.
  • GV (GOOG,GOOGL) joined the $70M round for British cybersecurity company Snyk. Accel led and Boldstart Ventures also joined in. Snyk’s system detects security breaches and code license violations and corrects the problem. The protection is built from a data pool of vulnerabilities and covers the full cycle from code to the launched application. The company plans to use the money for hiring and marketing its products.
  • HPE (NYSE:HPE) joined the $51M Series F for Shape Security, a bot and online fraud mitigation startup that had a $1B pre-money valuation. C5 Capital led with assistance from the likes of Kleiner Perkins and Norwest Venture Partners. Shape uses AI to detect bots and quickly shuts down the attempted logins. The startup says it now protects against 2B fraudulent logins each day. The funds will fuel international expansion and product development. Shape is now gearing up to go public.
  • Baidu (NASDAQ:BIDU) Ventures joined the $37M Series B for AI-powered drug delivery startup Insilico. Qiming Venture Partners led the round. Insilico recently had work published in Nature Biotechnology that showed how machine learning networks could take years off traditional timelines for drug development. The money will help commercialize the technology and build out the senior management team.
  • Autonomous ride-hail company Voyage raised $31M in a round led by Franklin Templeton, which was joined by Khosla Ventures,Chevron Technology Ventures, and Jaguar Land Rover’s VC arm. Voyage differs from competitors like Waymo and Uber (NYSE:UBER) with its focus on retirement communities and is already in operation in The Villages, the retirement city with over 115K residents. The capital will help get the self-driving tech ready for commercialization, grow its team and G2 car fleet, and introduce the G3 vehicle.
  • Airbnb (AIRB) led the $20M Series B for media and experience company Atlas Obscura. A+E Networks and New Atlantic Ventures also participated. Atlas will use the money to expand its trips and local experience offerings. As part of the investment, Airbnb will include Atlas Obscura booking through its platform.

Editor’s Note: This article discusses one or more securities that do not trade on a major U.S. exchange. Please be aware of the risks associated with these stocks.

SeekingAlpha

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10 Highest Valued Startups Across The World That’ll Leave Us Inspired

… his company is worth more than US$75 billion valuation – a price tag that surpasses Uber Technologies to top the world, according to CB Insights.

If you need a little inspiration today in moving ahead with your entrepreneurial journey, here’s a list of world’s highest-valued top 10 startups and a sneak peek at their journeys.

This is all the motivation you need today to think big and achieve more. So, here you go.

1. Bytedance

TikTok’s parent company owner Zhang Yiming first explained the brainchild of a news aggregation app powered by artificial intelligence six years ago, while the investors were skeptical.

Zhang, now 35, proved everyone wrong. Today his company is worth more than US$75 billion valuation – a price tag that surpasses Uber Technologies to top the world, according to CB Insights.

2. DiDi Chuxing

DiDi Chuxing was founded in the year 2012 and acquired Uber China in the year 2016. It serves 550 million users over 400 cities with products and services including private car hailing, taxi hailing, bike sharing and social ride-sharing; on-demand delivery services; and automobile services, including sales, financing, leasing, maintenance, and fleet operation among others.

A total of 7.43 billion rides were completed on DiDi’s platform in the year 2017 and today the company’s worth is around a whopping US $55 billion. That’s a lot of money!

3. JuuL Labs

View this post on Instagram

❗️NEW❗️𝗝𝗨𝗨𝗟 𝗦𝗜𝗟𝗩𝗘𝗥 𝗟𝗶𝗺𝗲𝘁𝗲𝗱 𝗘𝗱𝗶𝘁𝗶𝗼𝗻 уже в 𝐕𝐀𝐑𝐃𝐄𝐗! Только ОРИГИНАЛЬНАЯ ПРОДУКЦИЯ! 🔞Продажу лицам младше 18 лет не осуществляем🔞 #juul #juulpods #джул #джулманго #подыджул #vape #раменки #мичура #мичуринский #вейп #вейпшоп #вейпшопраменки #испарители #eleaf #wismec #joyetech #ЗАО #розыгрыш #suorin #ЮЗАО #электронныесигареты #акция #кэшбэк #shoria #milkman #baddrip #saltnic #baristabrewco #vardex

A post shared by 𝗩𝗔𝗥𝗗𝗘𝗫 Мичуринский (@vardex_michurinskuy) on Sep 12, 2019 at 1:36am PDT

Yes, the e-cigarette maker stands third on the list of the world’s most valued startups. How did Juul become huge over time? We’d say great product design.

It bypassed all of the problems by creating a small device that can fit into just about any pocket, using a disposable pod system. Simple design caught the attention of millions of people and now its total net worth stands at US $50 billion.

4. WeWork

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Checkmate. ♟️ #weworkchina⁠ #wework ⁠

A post shared by WeWork (@wework) on Sep 11, 2019 at 4:00pm PDT

The rise of co-working culture has seen skyrocket success in the past few years. Adam Neumann founded WeWork in 2010 and in 2015 it raised US $969 million funding when it was valued around US $10 billion.

Today the company is one of the highest valued startups in the world and is valued at US $47.7 billion.

5. Airbnb

Yes, the home-renting website is one of the highest valued startups in the world and why wouldn’t it be?

The rise of the home-renting website, Airbnb, is a testimony to the growing popularity of the room-renting websites that allow sharing, swapping and renting of homes. Airbnb was founded in the year 2007 when Joe Gebbia and Brian Chesky, then both 27, who had met five years earlier at Rhode Island School of Design, were struggling to pay their rent.

A design conference in San Francisco and the fully booked city hotels is what led to the birth of Airbnb. As the city’s hotels were swamped with tourists, they came up with the idea of renting out three airbeds in their living room to the people and the next day they started working on making a website- that’s how Airbnb was born. Airbnb is valued at US $29.3 Billion, according to CB Insights.

6. Stripe

Founded in the year 2011 by Patrick Collison and John Collison, it is valued at US$25.5 billion.

The American technology company makes software that allows individuals and businesses to exchange payments via the internet. Stripe majorly enables its users in fraud prevention, banking infrastructure and online operating payment systems.

7. SpaceX

SpaceX was founded in the year 2002 by Elon Musk. They conceptualized the Mars Oasis, and Musk was able to ascertain that raw materials for building a rocket was only around three percent of the sale price of a rocket. SpaceX produced around 85% of launch hardware in-house, and today its net value is US$18.5 billion. The organisation is part of the world’s highest valued startups. Isn’t that awesome?

8. Epic Games

Yes, the makers of Infinity Blade and Fortnite are valued at a whopping US $15 billion. The company was founded by Tim Sweeney as Potomac Computer Systems in 1991, and was originally set in his parent’s house.

9. Grab Transportation

The food delivery, transportation, and payment solutions app is valued at US $14 billion. Founded in the year 2012 by Anthony Tan Tan Hooi Ling in Singapore, the venture is now making sky-high profits and is also listed in the top ten highest valued startups in the world.

10. DoorDash

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🌮🌮🌮

A post shared by DoorDash (@doordash) on Aug 15, 2019 at 4:02pm PDT

It began in the year 2012 with a simple mission, and that is to enable every merchant to deliver. The brainchild budded at a small macaroon store in downtown Palo Alto. DoorDash wanted to build the local, on-demand FedEx. It is more of a logistics company than just a food company. And today its net worth is US $12.6 billion.

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That, for sure, is a lot of motivation in one day.

Siddhant Chaturvedi: The Underdog Paradox

Photo: © BCCL (Main Image)

6 tips for choosing the right side hustle for your lifestyle

For instance, your car or bike can be a huge asset if you’re keen to join ride-share and food delivery companies such as UberEats, Lyft, and DoorDash …

We could all use a little extra cash.

If you’re set, props to you — but let’s be honest, most of us could do with some extra dough on top of our usual 9-to-5 earnings.

If you’re looking for ways to earn a few extra bucks, there are plenty of side hustles out there! No matter where you’re from or what your schedule is, you have to admit: we’re lucky to live in a time when the internet makes moneymaking so convenient.

There are plenty of options and paths you can take. With a little support from the team at Swagbucks.ca, we’ve outlined a few tips for choosing the best side hustle to fit your lifestyle.

Make money through online surveys and focus groups

You don’t have to spend money to start making money! Make some extra cash by participating in surveys and focus groups. They let you earn cash, gift cards, or merchandise, and all you have to spend is your time.

Swagbucks.ca offers the opportunity to make money taking surveys online or through the SB Answer app (available on iOS and Android), with topics ranging from which television shows you watch, to food shopping habits, to testing product samples. You can even download their app and earn on the go!

Pixabay

Find a flexible side hustle that works with your schedule

This is one of the easiest ways to earn extra cash, especially if you’re already working a 9 to 5. For instance, your car or bike can be a huge asset if you’re keen to join ride-share and food delivery companies such as UberEats, Lyft, and DoorDash, which are always looking for drivers. Swagbucks will award $150 (15,000 SB) when a user completes their first delivery on DoorDash, or sign up to deliver food via Uber and get $80 after your first delivery. Rideshare drivers typically average $2,000 to $3,000 per month in larger cities such as Toronto!

If you’re driving, all you need is to be at least 21 years old, with one to three years’ driving experience, a valid driver’s licence, proof of car insurance and vehicle registration, and a four-door vehicle. You’ll also be required to pass necessary criminal record and driving background checks.

You can earn as little or as much as you like, depending on how often you drive. Our tip is to drive during peak times to get the most out of your side hustle.

Save money through cashback and coupons

No matter how much you try to cut back on your spending, there are always purchases you have to make. So why not try making money while shopping?

It might sound a little too good to be true, but this is actually the case with Swagbucks.ca. Members can earn cash back for purchases at online stores including Amazon, Walmart, Old Navy, The Bay, Indigo, and more. Swagbucks can also find coupons that get you 10-20% off your purchase, and maybe even free shipping!

Plus, if you refer a friend, you get an extra 100 SB (equivalent to $1) in your account. Currently, new members who join for free will get $10 towards their first purchase. No codes necessary — just sign up. Be sure to add the Swagbutton to your browser to remind you about your cashback and automatically add coupons to save you even more.

You can also earn SB for snapping photos of your grocery receipts and uploading them to the SB Answer app. For every new grocery receipt you submit, you’ll earn two SB. You can submit up to five receipts per week.

Members can cash out their points for gift cards to popular stores like Amazon, Starbucks, and even Paypal, also run by Swagbucks. Sounds good to us!

rawpixel.com

Pick something you enjoy doing

One of the most important things is to make sure you pick something that you enjoy doing. If you want to make money using your existing skills or hobbies, you can join a freelance network such as Fiverr, which connects people with freelancers who specialize in fields like copywriting, graphic design, coding, and more.

The best part is, it’s free to join a network like Fiverr — and you decide how much you want to charge for your services.

Be a self-starter

If you have a creative skill that you can make use of, take advantage of that to make some extra cash. Thanks to online platforms such as Etsy, eBay, and Amazon Handmade, artists have plenty of outlets to sell their items — all without leaving the comfort of their home or studio.

Be sure to do your research on each selling platform before you launch your side hustle. Selling on Amazon Handmade, for example, will give you access to a huge online marketplace; however, you’ll be up against some stiff competition.

Dmitry Zvolskiy

Rent out your spare room

Take a page out of a lot of people’s books and list any spare rooms you have on Airbnb. If you’re a good host, you could make so much spare cash by doing so! Some tips from successful Airbnb hosts include stocking all the toiletries you’d expect at a hotel, making sure you label everything for clarity, and being kind to your guests.

For more information about how to make some extra dough today, visit Swagbucks.ca.

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Clio raises 250 m USD from the venture capitalists

Themis Solutions Inc., which works as Clio, was set to declare Wednesday that American development value firms TCV and JMI Equity are putting a …

A Vancouver-region programming firm that enables legal advisors to deal with their practices over the web has verified the biggest single funding financing in Canadian history.

Themis Solutions Inc., which works as Clio, was set to declare Wednesday that American development value firms TCV and JMI Equity are putting a consolidated US$250-million ( in value for a minority stake in the 11-year-old organization situated in Burnaby, B.C. The gatherings did not unveil the amount of the returns will go to purchase out existing investors.

The arrangement, esteemed at C$333.5-million, is the biggest funding speculation for a Canadian organization since 2000, as indicated by figures given by money related information firm Refinitiv.

In the same way as other effective Canadian programming firms, Clio isn’t a commonly recognized name among customers. It gives cloud-based projects to in excess of 150,000 attorneys, essentially at little and medium-sized firms in the United States, Canada and other English markets to deal with their practices. Its primary item gives time following, case the board and charging abilities.

Clio prime supporter and CEO Jack Newton said the financing “makes way for our next period of development, where we see the organization advancing to turn into the working framework” for law offices, giving highlights to enable them to draw in and sign up customers.

The arrangement comes during a standard year for Canada’s innovation division. As indicated by monetary information firm Refinitiv, Canadian organizations brought $2.77-billion up in funding in the principal half of 2019, the most since 2001, modifying for expansion.

The most recent financing blast in Canada isn’t fueled by obscure guarantees about the web’s undiscovered potential as it was two decades prior, however to a great extent by programming firms utilizing the web to sell and convey computerized items to big business clients for genuine incomes.

“We were searching for the kind of organization that had solid, mission-basic programming serving an underserved classification,” said Amol Helekar, a head with Silicon Valley-based TCV, an early patron of Netflix, Spotify and Airbnb. “We understood Clio worked by a long shot the most grounded item that serves law offices [sitting] at the very center of how they deal with their organizations.”

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OYO Hotels to invest $100m in Indonesia

OYO has a deep war chest, having raised $1.7 billion from SoftBank Group, Sequoia Capital, Lightspeed Venture Partners, Airbnb, Grab and Didi …

JAKARTA — Indian budget hotel chain OYO Hotels and Homes said it is planning to invest $100 million in Indonesia, or half of the total amount earmarked for Southeast Asia, to strengthen its presence there within the next two years.

Indonesia is key to OYO’s growth in Southeast Asia and globally, said founder and group CEO Ritesh Agarwal in a statement.

In less than a year of operating in the country, OYO has partnered with over 1,000 hotels to offer 27,000 rooms in 100 cities, beating its own initial target of reaching that number by the end of this year. More than 1,200 hotel owners have also joined OYO’s network.

On Wednesday, OYO launched its Partner Engagement Network, an initiative to help its partners in Indonesia reach their business goals. The program consists of four core commitments which include transparent payment protocols, access to financing options for partners through banks and other financial institutions, marketing support, as well as technology and innovation support.

With its young population and growing economy, Southeast Asia is a hot market for budget travel and accommodation. OYO’s plans in the region is a headache for its smaller peers like ZEN Rooms and Reddoorz.

OYO has a deep war chest, having raised $1.7 billion from SoftBank Group, Sequoia Capital, Lightspeed Venture Partners, Airbnb, Grab and Didi Chuxing, according to Crunchbase. By contrast, ZEN Rooms has raised a total of only $23 million and RedDoorz $69.4 million.

OYO took its first step in Southeast Asia via Malaysia in January 2016. In July this year, the chain launched in Vietnam where it is planning to invest $50 million. OYO claims to already have over 90 hotel partners in six major cities in Vietnam. It aims to become the largest hotel chain there by the end of 2020 with presence in 10 cities offering 20,000 rooms.

KrASIA is a digital media company focused on technology-driven businesses and trends across the Asia-Pacific region. It is under 36Kr, a tech news portal based in Beijing. Nikkei announced a partnership with 36Kr on May 22, 2019.

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