Services

In addition to the $1bn series G round led by CapitalG, US-based ride hailing platform Lyft now puts another $500m into its coffers. This latest round comes to highlight the upward trends in the ride hailing and car sharing space.

The interational student housing services startup almost doubled its total funding in a series B round backed by New Oriental Education Group.

WeWork led the female networking organisation's series B round, closed in advance of the opening of two more of its branches.

The Knight Foundation provided $3m of the funding, as the Intel and Google-backed tech diversity initiative looks to expand into new areas.

Beijing Zmeng Network Technology has secured $27.1m in series B+ funding from investors including the Fosun-affiliated Kinzon Capital.

DKSH and MDI Ventures backed an Emerald Media-led round that will support the e-commerce services provider's international expansion plans.

The on-demand maintenance services provider has raised series C funding from investors including Camber Creek and Delta Electronics Capital.

If it is shown that a different funding structure to just venture capital is helpful in AI then implications could cascade to other industries.

Five companies backed by internet company Tencent raised large amounts in their initial public offerings (IPOs) over the past few months. It appears to be a bout of IPO exits that may not ended yet.

A new spinout from Deakin University will market a personal assistant and marketing platform already used on campus.