Crimson Education raises US$20M Series C funding to fuel expansion [Press Release]
Crimson Education, a global edtech startup that offers personalised courses to help students get a spot in coveted universities worldwide, announces that it has raised a total of US$20 million in Series C funding, led by US$10 million investment from Hong Kong-based CTF (Chow Tai Fook) Education Group. Participating in the round is Korean-based Solborn Investment, chipping in US$5 million.
Crimson has also secured an additional US$5 million from strategic investors, including New Zealand’s K1W1, closing up the total investment at US$20 million.
The company noted that the new round of funding will fuel the company’s online, full-suite personalised education offerings and expand the company’s presence in other countries. Crimson’s total funding to date sits at US$57 million
Hong Kong’s space booking platform BOOQED secures US$1.68M in seed funding [Press Release]
Hong Kong-based start-up BOOQED has raised US$1.68 million in seed funding from investors including Colliers, Techstars, and Lazard Korea to drive its product roll-out, marketing, and hiring.
BOOQED, a Techstars alumni company, is a digital marketplace that allows individuals and corporates to access and book a flexible meeting, work, and event spaces.
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With Hong Kong filled with over 1,600 real estate listings and more added everyday, making BOOQED a suitable platform for clients to reserve and pay for on-demand business space whether for meetings, hot-desking, training, offices, or events to help landlords and space operators with an easy and trusted method to let out empty or underutilised space.
The BOOQED platform was started in late 2016 and is already launched in Hong Kong, Singapore and Shenzhen.
Tiger Global Management, Sequoia Capital India invests US$35M into AI-based customer lifecycle platform CleverTap [Press Release]
CleverTap, the AI-powered customer lifecycle, and user retention platform, announced that it has completed its Series C investment round at US$35 million led by existing investors Tiger Global Management and Sequoia India.
The investment will allow further acceleration ss mobile marketing app and to support CleverTap’s intention to use the funds to build out its new US-based engineering hub, add enhanced predictive capabilities to its market-leading platform, and fuel an aggressive global go-to-market expansion strategy.
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This new funding increases CleverTap’s outside investment to US$61 million since the beginning of 2019 doubling its valuation to more than double to US$385 million from US$150 million.
CleverTap’s customer lifecycle and user retention platform leverage machine learning to offer a robust engagement suite that enables brands to convert, engage, retain, and grow their mobile user base.
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