Even though it’s Christmastime, somehow funding news is still out there. Here’s some of what happened in the past week:
Capital Gains: Xiaomi Grabs $1 Billion, Moovit Moola and More
And Ginger.io raised a bunch of money, too.
Vjeran Pavic
- The Chinese smartphone maker Xiaomi raised $1 billion in a new funding round led by All-Stars Investment. This round purportedly puts the company’s value at around $45 billion (Wall Street Journal).
- RPX, a patent risk management company, bought smartphone-related patents owned by Apple and other tech firms for $900 million. The goal of the sale is to stymie litigation among leading smartphone and smartphone accessory makers.
- The Israeli makers of the transit app Moovit have raised $50 million in a new funding round that puts the company’s value between $300 million and $450 million (Haaretz).
- The medical technology startup Ginger.io has raised $20 million in a Series B funding round, giving the company $28.2 million in total funding to date. The company has also added Kaiser Permanente Ventures’ partner Dave Schulte to its board (TechCrunch).
- Cloudwise, a Chinese enterprise technology company, raised $15 million in a Series B round led by Sequoia Capital (Tech in Asia).
This article originally appeared on Recode.net.
