Illumina spinout Grail has raised a first tranche of its series B round, thanks to investors including Johnson & Johnson, as it targets a second close of up to $1.8bn.
Month: March 2017
Snap shoots for $3.4bn IPO
Tencent, Alibaba and Yahoo celebrate an exit as Snap prices its shares at $17 a piece to reach a valuation of approximately $24bn.
Park follows Echo Health Ventures call
John Park has joined Echo Health Ventures as a managing director, joining from Alegeus where he was chief strategy officer.
Xu bids farewell to SIG Asia
Eric Xu, former managing director at SIG Asia Investment, has joined GGV Capital.
Money Design cashes in on series C extension
The round has closed at $13.4m following an extension provided by Fenox Venture Capital, which has joined existing backers such as Nihon Kotsu, Recruit and Kyoto Bank.
Line boosts its Snow stake
Line, which already owned a 25% stake in the messaging service, has increased its shareholding to 48.6%.
L Catterton helps Getaway with $15m
LVMH-backed private equity firm L Catterton is putting $15m in strategic funding into Getaway.
Layer folds $15m into series B
Microsoft and Salesforce have taken part in a $15m series B round for Layer, a communications platform that previously obtained seed funding from Bloomberg.
iGenetic Diagnostics detects $20m investment
The transaction was supported by Manipal Education and Medical Group and state-owned CDC Group.
Mozilla helps itself to Pocket
The acquisition has provided an exit to shareholders including Axel Springer, Digital Garage and Alphabet.
ResearchGate opens to $52.6m series D
LVMH has taken part in a round for ResearchGate, a professional network that is aimed at the scientific community and also counts backers such Bill Gates among its shareholders.
Ofo rides to $450m series D
Didi Chuxing has returned to back a series D round for the bike sharing platform, which has now reached unicorn status.
Ecovacs to clean up on Shanghai Stock Exchange
IDG Capital-backed robot vacuum producer Ecovacs has filed for a flotation on the Shanghai Stock Exchange.
OneWeb to connect to Intelsat for $13bn
OneWeb is set to merge with its corporate venturing investor Intelsat in a $13bn deal, with SoftBank paying $1.7bn in return for a 39.9% in the combined entity.