The Briefing: Lalamove Lands $515M, Octopus Energy Raises $193M, And More

Here’s what you need to know today in startup and venture news, updated by the Crunchbase News staff throughout the day to keep you in the know.

Lalamove lands $515M Series E

Lalamove, a provider of online logistics for on-demand deliveries, raised $515 million in a Series E round led by Sequoia Capital China.

Founded in 2013, Lalamove initially operated in Hong Kong and China, but has since expanded to a global footprint. The company says it currently operates in 24 markets across Asia, Latin America and the United States, counting over 7 million users and a pool of over 700,000 driver partners.

Lalamove plans to use the latest funding in part to expand into smaller Chinese cities.

Funding rounds

  • Octopus Energy raises $193M: U.K.-based Octopus Energy, a renewable power provider, raised $193 million in financing from Tokyo Gas. The two companies also said they will form a joint venture to supply power to retail customers in Japan.
  • Boardable raises $8M for board management software for nonprofits: Boardable, an Indianapolis-based startup that makes software for nonprofits to boost board member engagement and streamline remote collaboration, raised $8 million in Series A funding led by Base10 Partners with participation from seed investor High Alpha.

Other news

XRP falls 24% following SEC charges: Cryptocurrency XRP fell 24 percent on Wednesday after U.S. securities regulators charged its associated blockchain firm, Ripple, with carrying out a $1.3 billion unregistered securities offering.

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