Funding: Xunlei, Scytl, and Square can now accelerate research and development and fund growth.



As, a unique objective reference for organizations and professionals, when it comes to Tools, Supports and Solutions for drawing value-added in their activities, Connectikpeople.co, recalls that, this rubric is intended to help organizations, and investors to live in real-time what happens in the startups world; in terms of funding, acquisitions, strategic alliances and more. Regarding the emerging countries, and startups, this is an instrument for them to discover which Venture Capital or Business angel can fund their
projects.

Xunlei (Founded in 2003, Chinese video streaming site and media portal) has raised $310 million in funding from Xiaomi with participation from Kingsoft, Morningside Ventures and IDG. If unfamiliar, Connectikpeople.co recalls that, Xunlei is known for its P2P bittorrenting software. The company also runs a video-streaming site called Kankan that features licensed TV shows and movies. Xunlei claims over 230 million monthly active users and 4 million paying subscribers.

Scytl (founded in 2001, Barcelona-based digital voting services company), has raised $40 million in funding from Paul Allen's Vulcan Capital. This company aims to modernize elections with its voting technology that registers voters, hosts elections online, and counts votes. Scytl will put the new funds toward research and development of its platform.

Square (Founded in 2009, San Francisco-based mobile payments company), has secured a revolving credit facility in the low hundreds of millions led by Goldman Sachs with participation from Morgan Stanley, JPMorgan Chase, Barclays, and Silicon Valley Bank. Square simplifies commerce transactions for individuals and businesses with its credit card reader, point-of-sale system, and personal wallet. Square has raised $341 million in venture funding and will use the new funding to fund growth.

Popular Posts