Alibaba helped AR glasses provider Nreal take its funding to $200m in the past year while SGE led a $60m series D round for online coder recruitment service HackerRank.
Funding
E-commerce group Alibaba led a $60m extension to China-based augmented reality glasses brand Nreal’s series C round yesterday. The cash will be added to the $100m provided by Nio Capital, the venture capital firm formed by electric carmaker Nio, in addition to Sequoia Capital China, Yunfeng Capital, Hongtai Aplus, Citic Private Equity, GP Capital and GL Ventures in September 2021 at a reported $700m valuation. The company said it has now raised a total of $200m in the past year.
HackerRank, the US-based operator of an online recruitment platform for software developers, secured $60m yesterday in a series D round led by Susquehanna Growth Equity (SGE), a subsidiary of quantitative trading firm Susquehanna International Group. Human resources firms Recruit and Randstad also took part, the latter through its Innovation Fund, as did JMI Equity and Khosla Ventures. It valued HackerRank at about $500m, co-founder and CEO Vivek Ravisankar…
