Chinese bike-sharing startup Ofo just raised $866 million. Chinese bike-sharing startup Ofo just raised the largest investment in a single funding round, according to the latest report from CNBC. The funding round was led by Chinese internet giant Alibaba. Ofo says it currently has 200 million users around the world and operates in 250 cities in 21 countries. It will use its latest round of funding to further development in an increasingly competitive market.
Salesforce to acquire Chicago Startup CloudCraze. Salesforce is acquiring the Chicago-based startup CloudCraze for an undisclosed amount. CloudCraze is an enterprise commerce platform founded in 2009 by Bill Loumpouridis. CloudCraze raised more than $30 million in venture funding to date. The company announced yesterday that it has signed a definitive agreement to be acquired by Salesforce.
BMW vets raise a stunning $1 billion for stealth EV startup. This Los Angeles-based startup founded by three BMW veterans (who all also worked briefly for Faraday) has raised a stunning $1 billion for development electric vehicle. The startup is called EVelozcity. The startup founders are CEO Stefan Krause, left, design chief Richard Kim, center, and technology chief Ulrich Kranz.