Backed by the Carlyle Group and Ping An, Meinian will float on the Shenzhen Stock Exchange via a reverse merger with Jiangsu Sanyou Group.
Month: March 2015
Yuantiku tests series D
China-based exam question database Yuantiku has closed a $60m series D round featuring IDG Capital Partners, an investment affiliate of media and data company IDG, China Money Network reported earlier today. The round was led by CMC Capital Partners and New Horizon Capital, and also included Matrix Partners China. IDG previously backed a $15m series… Continue reading Yuantiku tests series D
Novartis treats Aduro to funding and partnership
Aduro Biotech, a US-based developer of treatments for pancreatic cancer, has entered a collaboration agreement with pharmaceutical company Novartis to develop and commercialise a range of products based on Aduro’s technology. As part of the agreement, Novartis has acquired a 2.7% equity stake in Aduro in return for a $25m equity investment. Novartis has committed… Continue reading Novartis treats Aduro to funding and partnership
Nordic Capital acquires Statoil-backed Resman
Oil and gas company Resman has been acquired by private equity firm Nordic Capital for an undisclosed amount.
View peeks at $100m
The company is reportedly raising another round from as yet unnamed investors.
17Zuoye calculates $100m series D
The online education platform with a focus on mathematics and English language skills has received funding from backers including DST Global.
New Oriental learns about Juesheng’s series B
China-based online education platform Juesheng has raised an undisclosed amount in a series B round featuring private education services provider New Oriental Education and Technology, China Money Network reported Friday. The round was led by venture capital firm ChinaEquity Group and included Linear Venture. Juesheng previously obtained an undisclosed sum for an angel round from… Continue reading New Oriental learns about Juesheng’s series B
Big Deal: Slack sends $135m message
The Google-backed communication app developer has raised an initial $135m from investors that could rise to $160m before the round is closed, and its potential for further growth appears huge.
News round up 30 March 2015
A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.
Weekly corporate venturing deal net: 23-27 March 2015
Saudi Aramco Energy Ventures, the corporate venturing unit owned by oil and gas producer Saudi Aramco, has invested an undisclosed sum in Target Intervention, a Norway-based developer of coiled tubing technology for oil and gas wells. The capital will support the development and commercialisation of the technology, which enables electric drillers to complete complex intervention… Continue reading Weekly corporate venturing deal net: 23-27 March 2015
Aryaka downloads $16m
US-based network-as-a-service Aryaka Networks has received $16m in series E funding from investors including diversified conglomerate Sumitomo Corporation, the Wall Street Journal reported earlier today. The round, raised at a valuation of more than $100m, was led by Nexus Venture Partners and featured InterWest Partners, Mohr Davidow Ventures and Trinity Ventures. Sumitomo invested through its… Continue reading Aryaka downloads $16m
NGM treats itself to series D funding
The biopharmaceutical company, which recently received $106m in equity from Merck, has raised an additional $57.5m, taking its overall funding to almost $295m.
Maybank to admit 20 to fintech bootcamp
The Malaysia-based financial institution has partnered with accelerator 1337 Ventures to select 20 startups for a Southeast Asian bootcamp.
Tuniu books $72m IPO
Tuniu, a China-based online travel agency backed by e-commerce company Rakuten, has raised $72m in an initial public offering on Nasdaq and gained more than $1m in value on its first day of trading. The company offered 8 million shares priced at $9 each, granting underwriters the option to purchase an additional 1.2 million shares… Continue reading Tuniu books $72m IPO