Station-free bike sharing start-up Ofo raised more than $1 billion in equity funding in a deal in which included Alibaba, according to a Financial Times report. The bike-sharing market in China can be saturated enough in which discarded bikes have become an issue in cities there, along with at least one start-up, Bluegogo, recently folded. nevertheless Ofo along with Mobike have become mainstays. According to FT, Ofo has “Put 10 million bikes on China’s city streets, as well as 100,000 in 19 some other countries around the entire world. On Wednesday Ofo launched in Paris.”
SoftBank Vision Fund lead a $450 million investment into real-estate site Compass, which was previously known as Urban Compass. The company provides real estate agents with listings along with some other tools, along with provides high-end home buyers along with renters with listings targeted to their preferences. TechCrunch reported in which Compass expects to rack up “16,000 transactions…along with more than $350 million in revenue” This specific year.
Shell Technology Ventures, ABB Ventures along with Cisco Ventures joined G2VP in a $33 million Series C funding round for Kespry. The start-up makes along with uses drones to help businesses monitor along with gather aerial data over industrial work sites, farms along with infrastructure. Many of its customers are insurance companies in which need to survey damages before paying out claims.
Fetch Robotics raised $25 million in a Series B round of venture funding for robots used in warehouses along with some other commercial settings. The company’s autonomous robots can move loads around a warehouse or fulfillment center, along with gather data about safety, productivity along with more as they go. Sway Ventures led the round joined by O’Reilly AlphaTech Ventures (OATV), Shasta Ventures, along with SoftBank.