Tencent has made a strategic investment in Coocaa in exchange for a 7.7% stake, valuing the smart TV producer at $590m.
Month: June 2017
Delivery Hero gets set for IPO
Delivery Hero plans to issue almost $510m of shares in Germany and Luxembourg, while its largest shareholder, Rocket Internet, could sell the same number.
Undo does series A
Martket has taken part in a $3.3m round for the software debugging and recording technology developer, which will use the capital to grow its product range.
Foxwoods to experiment with Living Lab
The casino resort is partnering VC firm Victory Square Venture Capital on a development hub called Foxwoods and Victory Square Ventures Living Lab.
Plug and Play heads to Japan
Japan will be the 10th country in which Plug and Play has set up an accelerator scheme, and Mitsubishi UFJ Financial Group will be the first corporate partner of the initiative.
Audioburst takes Advanced option for series A
Japan-headquartered speech recognition technology provider Advanced Media led a $6.7m series A round for US-based audio content platform developer Audioburst yesterday. The round also featured venture capital funds Flint Capital and 2B-Angels as well as Mobileye investors consortium, which is likely related to Mobileye, the Israel-based driving systems technology producer acquired by chipmaker Intel for… Continue reading Audioburst takes Advanced option for series A
Cirina finds Grail for merger deal
Grail, the Illumina spinout backed by Bristol-Myers Squibb, Celgene, Merck & Co, Johnson & Johnson, Varian, McKesson, Amazon and Tencent, has agreed to merge with Cirina.
Do-Fluoride drives $19m Yibuyongche series A
Yibuyongche has raised $19m in series A funding which will support its expansion within China and the deployment of 100,000 electric vehicles over the next three years.
Legend helps inject $17m in PhiSkin
PhiSkin has raised $17.7m in a series B round led by Legend Capital and will use the funding to expand its range of cosmetic treatment centres across China.
Campise canters to $50m fund
Marissa Campise, who made VC investments for SoftBank and its SoftBank Capital subsidiary for two years, is reportedly raising $50m for a fund called Rucker Park.
Mersana swerves to public markets
The Pfizer and Takeda-backed breast cancer therapy developer has filed to raise $75m in an initial public offering that follows some $130m in equity financing.
Earlens earns $73m in series C round
The advanced hearing aid developer has closed a round featuring Medtronic and Cochlear at $73m, and secured a $45m debt facility.
Coinbase to cash in with $100m round
The cryptocurrency management platform, which is backed by NTT Docomo and several financial services firms, is reportedly speaking to investors over funding at a $1bn valuation.
Ikea builds incubator program
The initiative has been launched in partnership with startup network Rainmaking and will provide $22,000 in grant funding to 10 businesses.