Here’s a list of today’s tech funding stories, updated as the day unfolds. Tip us here if you have a deal to share.
Xiaomi confirms it raised monster $1.1B round and is now valued at $45B
Hot Chinese smartphone company Xiaomi has raised a huge $1.1 billion round of funding that values it at $45 billion, it said today. The funding had been reported for several days, but official confirmation of the round and the valuation came from Xiaomi chief executive and founder Lei Jun in a post on Chinese social networking site Weibo. Xiaomi has become the world’s third-largest maker of smartphones in the past year, in large part by offering low-cost devices with strong software that have been eating into Samsung’s market share in China.
PayQR raises $1.5M
PayQR, a Russian company enabling mobile payments through QR codes, announced it has raised $1.5 million in new funding from two unnamed investors.
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Craft subscription startup Kiwi Crate secures over $1.2M
First Round and 500 Startups-backed Kiwi Crate today announced it has secured at least $1.27 million in a filing with the SEC. The subscription startup may raise up to $3 million, according to the filing. The company has raised at least $8.2 million to date.
Read more: SEC
Manchester United Quiz developer TecSport raises $1M to grow its branded mobile and Facebook apps
Games with strong brands attached to them have a strong chance to thrive on social and mobile platforms, and one developer is hoping to grow using that model as a foundation. TecSport Games has raised $1 million in funding, according to a filingwith the Securities and Exchange Commission. The developer specializes in apps that slap recognized brands like Manchester United, Liverpool FC, and the National Basketball Association onto simple games like quizzes. Monarch Bay Securities led the funding round.
OpiaTalk grabs $500K
OpiaTalk, a startup powering widgets for e-commerce companies to help them convert more customers, has raised a $500,000 bridge round. The funding comes from TCP Venture Capital’s Propel Baltimore Fund as well as a host of angel investors. The company’s current customers include Skype/Microsoft, Rosetta Stone and blu eCigs, among others.
This list will be updated with breaking funding news all day. Check back for more.
