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Lalamove lands $515M Series E

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

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 , a renewable power provider, raised $193 million in financing from . 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: , 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  with participation from seed investor .

Other news

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

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