Letgo Raises $100M


Letgo, a mobile app launched in 2015 for buying and selling items locally, has raised $100 million in Series A funding from Naspers. According to a statement released by the company, letgo has surpassed two million downloads, with users posting more than 500,000 listings and exchanging almost three million messages, resulting in a total gross merchandise value of over $25 million.

Letgo says it plans to launch an aggressive marketing campaign focused on U.S. consumers in the coming months. The company is headquartered in New York and Barcelona.

[Image courtesy: letgo]

Also see:

TransUnion to acquire Neustar for $3.1B

TransUnion has signed a definitive agreement to acquire Neustar from a private investment group led by Golden Gate Capital and with minority participation by GIC.

Huvr raises $5M

Huvr, a cloud-based industrial asset management solution company, has raised $5 million.

American Express acquires fintech company Kabbage

American Express has entered into an agreement to acquire Kabbage, a financial technology company that provides cash flow management solutions to small businesses.

AP to equip visual journalists globally with Sony imaging products

Sony and The Associated Press (AP) have inked a collaboration that will make Sony the exclusive imaging products and support provider for AP news photographers and video journalists globally.

Equifax acquires Ansonia

Equifax has acquired Ansonia, a provider of business credit, collections, and account receivable data used by financial institutions, creditors, and businesses focused on the transportation and logistics industries.