Existing backer Tencent was among the investors in a round that valued the China-based trucking services platform at $1bn.
Month: December 2016
2016 Roundup: Tencent
The China-based internet major romped ahead of rivals Alibaba and Baidu this year when it came to corporate venturing, investing in two billion-dollar deals and three more $500m+ rounds.
Kompas Gramedia gets Scoop in acquisition deal
Media subscription app Scoop had received $2.4m in funding from Kompas in 2013, two years after Mitsui had participated in a $770,000 round.
Changingedu goes beyond series C with $18m
TAL Education, which co-led the tutoring services platform’s $100m series C round late last year, has invested another $18m.
Dynamic Yield’s search finds Baidu for $22m round
Baidu has come on board as an investor in the marketing personalisation technology provider, which received earlier funding from New York Times and ProSieBenSat.1.
GreatCall picks up Healthsense as Merck exits
Patient monitoring technology provider Healthsense has been acquired by GreatCall after raising about $23m in equity from investors including Merck & Co.
UPS helps send $30m to Optoro
Optoro has now raised about $115m in equity financing after closing a series D round that included new investor UPS Strategic Enterprise Fund.
Veran Medical breathes in $31m
Rex Health Ventures-backed Veran has raised debt and equity financing that will be used to commercialise the company’s lung cancer diagnostics system.
Aihuishou recycles investors for $58m series D
JD.com returned to invest in the electronics recycling service, having contributed to the $60m series C round it closed in 2015.
2016 Roundup: Alphabet
Alphabet subsidiary GV lost key figures Bill Maris and Rich Miner but Google Capital rebranded as CapitalG and ramped up the size of its investments.
Algar joins corporate backers of BR Startups
Grupo Algar’s corporate venturing unit has joined the likes of Qualcomm, Microsoft, Monsanto and Agerio in Brazilian pre-acceleration fund BR Startups.
Sonaecom takes stakes in three Banco Novo funds
Sonae Investment Management, a subsidiary of Portugal-based conglomerate Sonaecom, has purchased stakes in three venture capital funds operated by financial services firm Novo Banco and its Espírito Santo Ventures subsidiary. Sonae did not disclose how much it paid for its interest in Fundo de Capital de Risco Espírito Santo Ventures Inovação e Internacionalização, Espírito Santo… Continue reading Sonaecom takes stakes in three Banco Novo funds
Corporates pay up as Kyash raises $8.5m
Itochu, Dentsu, Sumitomo Mitsui Financial Group and Mizuho Financial Group all contributed to the payment platform’s Jafco-led series A round.
Qualcomm homes in on QuintoAndar
Apartment rental marketplace operator QuintoAndar has raised $12.6m in a Qualcomm Ventures-backed round that lifted its overall funding to $20m.