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Here’s a list of today’s tech funding stories, updated as the day unfolds. Tip us here if you have a deal to share.
Your latest reminder that the startup world does not end at the shores of Silicon Valley comes today courtesy of Coupang, the Korean e-commerce service that just raised $1 billion from SoftBank.
SoftBank today said it has invested the gargantuan sum in Coupang, which was founded in 2010 and has become Korea’s largest online retailer. Not only did the company grow 80 percent in the past year, but it states that mobile commerce accounts for 75 percent of revenues.
Coupang and SoftBank claimed it’s the largest single round of venture capital raised anywhere in the world so far this year.
Point Nine Capital announces $60M fund
Early-stage venture Point Nine Capital, a venture firm that funds startups in Europe and the U.S., announced today a new $60 million fund. The company said it will use from $100,000 to $1 million for seed and series A rounds for startup companies. The rest of the funds will be reserved for “significant follow-on funding.” Point Nine Capital manages a total of $109 million.
More: Point Nine Capital
Atomwise, a startup that relies on an increasingly popular type of artificial intelligence called deep learning to identify drug candidates, announced today a $6 million round of funding.
Data Collective led the new round in the startup. AME Cloud Ventures, Draper Fisher Jurvetson, Khosla Ventures, and the OS Fund also participated.
The funds will be used to expand its new “artist-friendly video marketplace,” which pays 100 percent commission to its contributors.
Online news startup Rivet Radio announced today that it’s raised a total of $3.6 million in funding to date from multiple investors including The Associated Press, Ringleader Ventures, and Chicago venture capitalist Steve Miller.
Rivet says it’s “looking to future expansion” and is apparently in talks to secure its first international partnership.
Fourkites raises $1.25M for real-time tracking platform
Logistics technology startup Fourkites announced today that it closed its seed fund with a $1.25 million round led by Hyde Park Venture Partners. The funds will be used for its SaaS platform that allows companies to accurately track, in real time, the states of shipping trucks and freight.
Other investors in this round include Hyde Park Angels, Harvard Business School Angels, Bluestein & Associates, and Otter Consulting.
This list will be updated with breaking funding news all day. Check back for more.
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