Illumina spinout Grail, developer of a blood test for cancer, has received expressions of interest worth about $1bn for its series B round.
Month: January 2017
Slack Fund logs 11 additions to its portfolio
The fund, launched in 2015 with $80m in capital, has disclosed 11 additional investments, adding to the 14 it announced last July.
G-bits wins $138m in IPO
The game producer’s Shanghai Stock Exchange flotation has provided exits to shareholders including IDG Capital Partners and Ping An Insurance.
Seworks secures $8.2m in series A round
Corporate venturing units Smilegate Investment, Qualcomm Ventures and Softbank Ventures co-led a round that included Samsung Ventures.
Intel finds Here
Intel has acquired a 15% stake in mapping technology provider Here as part of a strategic partnership, buying shares from BMW, Audi and Daimler.
Adventus proves resourcefulness to raise $6m
Adventus Zinc Corporation has secured a portfolio of zinc exploration projects from Altius Resources, which has contributed to the startup’s seed round.
Synthego secures $41m
The genome engineering company took its overall funding to approximately $50m in a series B round that included property developer Alexandria Real Estate Equities.
Zhang zips to Baidu Capital for CFO role
Zhang Jinling, who headed finance an investments for Xiaomi, has moved to Baidu and will be chief financial officer for its corporate venturing subsidiary.
99 goes to $100m in Didi Chuxing-led round
Didi Chuxing has led a $100m series D round for Qualcomm-backed Brazilian counterpart 99 as part of a strategic alliance.
Mobike pedals to $215m series D
Tencent co-led the bicycle sharing platform’s second nine-figure round in under six months, which included fellow corporates Ctrip and Huazhu Hotels.
Sogou plans IPO search at $5bn valuation
Sogou, operator of China’s third most popular search engine, could go public in the US this year at a $5bn valuation, giving exits to Tencent and Sohu.
SoftBank secures more corporates for $100bn Vision Fund
Qualcomm and Foxconn are set to join Apple, which has confirmed it will invest $1bn in the SoftBank fund, which is expected to formally in the upcoming weeks.
Tattoodo inks $8.5m investment
The tattoo-focused online community, which is backed by clothing retailer Threadless, has secured $8.5m in funding from a range of private individuals.
Lakala helps release $10m for Edianzu
China-based IT equipment leasing provider Edianzu has secured RMB70m ($10m) in pre-series B funding from investors led by payment processing firm Lakala, China Money Network reported on Tuesday. Lakala, itself backed by conglomerate Legend Holdings, invested through unnamed affiliated funds. It was joined by venture capital firms Matrix Partners China and Shunwei Capital. Founded in… Continue reading Lakala helps release $10m for Edianzu