Bus booking app Dadabus received the funding as part of a strategic collaboration with the plastic pipe maker, which is looking to expand into new-energy vehicles.
Month: February 2016
Avalanche uncovers $23m
Memory technology developer Avalanche Technology has confirmed a $23m funding round that featured existing investor Rogers Communications.
MTN helps TravelStart make $40m booking
Africa-based online travel booking platform TravelStart secured the funding from telecommunications network MTN and Amadeus Capital Partners.
Cargill helps feed $30m to Calysta
Calysta has also entered a collaboration agreement with Cargill that will involve Cargill assisting it with manufacturing and marketing efforts.
Galera advances series B to $42m
US-based biotechnology company Galera Therapeutics boosted its series B round, backed by investors including pharmaceutical companies Novartis and Novo, to $42m on Wednesday following a $5m extension from investment firm Enso Ventures. The round’s first tranche, closed in October 2015, was led by Novo subsidiary Novo Ventures. Novartis participated in the first tranche through its… Continue reading Galera advances series B to $42m
Rocket Internet and Foodpanda sell $140m of assets
La Nevera Rojo, PizzaBo and HelloFood subsidiaries in Italy, Brazil and Mexico have been acquired by JustEat, as Rocket looks to shift excess operations.
Corporates energise Set Ventures fund for $67m close
The smart energy-focused Set Fund II has secured Shell, Essent and Delta as limited partners and expects to reach a final close by the end of March.
Olive gets green from Business Growth Fund
Bank-backed BGF has made a $14.6m investment in IT communication technology company Olive Communications alongside $7.7m
Startups to enter OCBC’s Open Vault
The financial services firm has teamed with VC firm Nest for a Singapore-based fintech incubator called The Open Vault.
Mercatus powers to $11.7m
Trepp returned to back the energy asset management company, after leading its $3.7m series A round in 2014.
Spero pierces $30m for series B
GlaxoSmithKline, Merck & Co, Lundbeck and Partners Healthcare returned for a round that took Spero Therapeutics’ overall funding to $63m.
WallStreetCn attracts $15m of investment
China-based financial news provider WallStreetCn.com, previously backed by Ping An, has secured $15.2m from China Media Capital.
Holtzbrinck hits Spotcap for $35m series B
Online business lending platform Spotcap, backed by Rocket Internet and Access Industries, will use the Holtzbrinck Ventures-backed round to expand internationally.
Blockstream flows to $55m series A
Digital Garage and AXA Strategic Ventures co-led the round with VC firm Horizons Capital, bringing the blockchain technology developer’s overall funding to $76m.