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Capital Gains: PayPal Buys Xoom, a New Unicorn Emerges and More

That new uni would be an Uber competitor in Southeast Asia that raised $200 million.

Todd Bernard

In the week before July 4, an unsurprising mix of startups raised new money or got acquired, ranging from ride-hailing to digital commerce to data analysis. Here’s what went down:

  • As part of the company’s efforts to expand its mobile offerings and global presence, PayPal bought the money transfer service Xoom for $890 million in an all-cash deal this week (Fortune).
  • Singapore’s GrabTaxi, a ride-hailing service popular in Southeast Asia, raised over $200 million in an investment led by the hedge fund Coatue Management. The company is now reportedly valued at $1.5 billion (Wall Street Journal).
  • Allegis Capital launched a $100 million fund focused on investing in cyber security startups. The firm has already invested in two companies in the sector, E8 Security and Signifyd (Silicon Valley Business Journal).
  • Adaptive Insights, a cloud-based service that assists businesses in modeling and managing their financial performance, raised $75 million in a Series G funding round. The investment brings the company’s total funding to $176 million (TechCrunch).
  • The travel and activities booking service Zozi raised $30 million in Series C funding. The round was led by Pritzker Vlock Ventures, with participation from 500 Startups, Richard Branson, Par Capital Ventures, Dolby Family Ventures and Bridge Bank (Wall Street Journal).
  • The networking technology startup PubNub, which secures “real-time” data streams (ranging from Netflix to conference calls), raised $20 million in a Series C round led by Sapphire Ventures, with participation from Relay Ventures and Scale Venture Partners (eWeek).
  • Heal, an app maker that lets people request at-home doctor visits, raised $5 million from Slow Ventures, March Capital, Pritzker Capital and others (MobiHealthNews).
  • Chicago-based Rithmio, which develops gesture-recognizing technology for wearables, raised $3 million in a seed funding round led by KGC Capital and Intel Capital (Chicago Tribune).

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