Top startup news stories you need to know this Wednesday, January 31
Nickie Louise
Posted On January 31, 2018
Good morning! Here are some of the top tech startup news stories today Wednesday, January 31.
SoftBank Invests $300 Million Into Dog-Walking Startup. SoftBank Group Corp.’s Vision Fund announced it is investing $300 million in Wag Labs Inc., a startup that uses a smartphone app to connect dog walkers with dog owners. SoftBank has been investing aggressively in startup in recent weeks. The two-year old company had originally sought $100 million from venture capitalists.
Facebook bans ads about ICOs and Bitcoin. The social-media giant, Facebook is reportedly banning ads about cryptocurrencies and ICOs to avoid scams. Facebook launched a new policy posted on its website with title: “New Ads Policy: Improving Integrity and Security of Financial Product and Services Ads.” The new Facebook policy bans ICOs and Bitcoin
ContentSquare raises $42 million to invest in the future of digital experiences. ContentSquare raises $42 million in new funding to help companies improve their digital transformation efforts by understanding the impact of each user interaction with their website or mobile application. The startup will use the new funding to double down on research and development and brand expansion.
Nigerian blood delivery startup LifeBank raises new funding to expand its service. Lifebank, a Nigerian startup gets new capital infusion from Echo VC, Co-Creation Hub’s Growth Capital to expand its service. The startup raised a $200,000 seed round to drive its growth for the next 18 months. Investors in the round include Echo VC, a Lagos-based venture capital firm and Fola Laoye, an angel investor with over 20 years of experience in Nigeria’s healthcare industry.
French shipping company CMA CGM launches new startup incubator Ze Box. As part of its plan to further strengthen its digital strategy, French shipping company CMA CGM Group announced the launch of its first global startup incubator, Ze Box. It is expected to house 12 startups from all over the world and will aim to show the companies’ potential for development across the digital network through the creation of new products and services.
Ed-tech startup iNurture raises $4.4 million in funding. Bengaluru-based ed-tech startup iNurture Education Solutions Pvt. Ltd, a provider of formal higher education programs in India, has raised $4.4 million in a Series C round of funding led by venture capital firm Ventureast, a company statement said.
Singaporean startup QQQCapital to deploy Eze Investment Suite. Eze Software, a global provider of investment technology, has signed on QQQ Capital Pte Ltd., Singapore’s new long-term value hedge fund manager, to use Eze Investment Suite to automate its operations.
