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Sequoia is looking to raise a $5 billion investment fund

Sequoia Capital is looking to raise a $5 billion investment fund. The legendary Silicon Valley venture firm, known for its stellar investment returns, is in the early stages of raising its next global growth fund. Recode’s Kara Swisher first reported the news of the fund. She’s hearing that Sequoia is ...

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PayPal backs pan-European savings deposit marketplace Raisin

Raisin, the savings deposit marketplace that lets you shop for a better interest rate across Europe, has picked up backing from PayPal. Described as a “strategic investment,” the new funding round remains undisclosed. The Berlin-based company had previously raised a total of €60 million from various backers, including Thrive Capital, ...

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Go-Jek buys three startups to advance its mobile payment business

Go-Jek, the company leading Uber and Grab in Southeast Asia’s largest market, has bagged a hattrick of deals to advance its mobile payment strategy. Indonesia-based Go-Jek revealed it has acquired offline payment firm Kartuku, payment gateway Midtrans and payment and lending network Mapan for undisclosed sums. The company started out in 2015 offering ...

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Teabox raises $7M for its global tea-commerce business

Teabox, the company pioneered the concept of selling tea to direct to consumers online, has served up $7 million in fresh funding to grow its five-year-old business. This new infusion of capital — last tea joke, I promise — is a Series B round that takes Teabox, which has head ...

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