EV Growth-backed online education platform developer Ruangguru pulled in $55m while ProSieben and Rocket Internet helped open banking platform developer Tink take its total funding to $344m.
Funding
Indonesia-based online education provider Ruangguru has raised $55m in a funding round led by hedge fund manager Tiger Global Management and backed by venture capital firm GGV Capital. The deal follows a $150m series C round in December 2019 featuring EV Growth, the VC firm formed by conglomerate Sinar Mas, internet company Yahoo Japan and VC firm East Ventures, in addition to financial services firm United Overseas Bank’s UOB Venture Management vehicle, GGV Capital and General Atlantic.
Germany-based banking software provider Tink has secured €40m ($48m) in a series D round co-led by SevenVentures, the investment arm of media group ProSieben, with e-commerce holding company Rocket Internet and investment platform Cadence Growth Capital, Tech.eu has reported. Tink closed a $103m round in December 2020 co-led by Eurazeo Growth and Dawn Capital and backed by postal service Poste Italiane, digital payment processor PayPal and financial services firms ABN…
