China-based children’s stories content provider Kaishuo Jianggushi has received RMB90m ($13m) in a funding round led by education services company New Oriental Education & Technology, according to China Money Network. News media company Zhejiang Daily Digital Culture, Trustbridge Partners and iResearch Capital also contributed to the funding round. Kaishu Jianggushi, founded in 2014, offers children’s… Continue reading Kaishuo Jianggushi tells $13m story
Month: June 2017
Hyalex Orthopaedics takes $16m walk
The Stanford spinout has collected series A funding from investors including Johnson & Johnson and Osage University Partners.
Grabit reveals it has taken $25m
A host of corporates, some of which had not been disclosed previously, have put in a total of $25m of funding into Grabit.
37 Interactive Entertainment seeks fund fortune
The internet company has joined forces with private equity firm Oriental Fortune Capital to launch a fund aimed at the entertainment sector, reaching a first, oversubscribed close at $73m.
Invenergy charges up venturing arm
The size of the fund has not yet been revealed, but is expected to be in the tens of millions of dollars.
Sprig completes final delivery
CAA Ventures-backed Sprig, an online food delivery service, has wound down.
Fit Pay identifies acquisition offer
Nxt-ID has purchased Fit Pay, providing an exit to Giesecke & Devrient.
SF and UPS deliver joint venture
SF Holding and UPS Parcel Delivery Service have agreed to set up a joint venture called Global Connect Holding and supported with $10m in capital.
Snapdeal grabs $17.5m
India-based e-commerce company Snapdeal has received Rs1.13bn ($17.5m) in emergency funding from Nexus Venture Partners and the company’s founders, according to Mint. The transaction comes ahead of an expected acquisition by Snapdeal’s rival Flipkart, for which a non-binding term sheet agreement was signed last week. Snapdeal, which operates an e-commerce platform but has struggled to… Continue reading Snapdeal grabs $17.5m
Bicycle Therapeutics rides towards $52m series B
Novartis and GlaxoSmithKline have returned to back a series B round that also attracted Singapore state-backed Vertex Ventures and university venturing fund Cambridge Innovation Capital.
Salesforce breaks ground on $50m Trailblazer fund
The new vehicle will target cloud consulting firms and is being launched alongside an initiative to provide portfolio companies with resources and training.
ItzCash is acquired by Ebix
Intel Capital celebrates an exit as ItzCash is acquired by Ebix for $123m at a valuation of $150m.
Ouyeel manufactures $140m investment
A host of Chinese corporates, including steel companies, have contributed to a funding round for Ouyeel, an online steel transaction platform created by China Baowu Steel Group.
Corporates’ investment is Essential
US-based smart devices producer Essential has raised “hundreds of millions of dollars” from investors including contract manufacturer Foxconn and internet company Tencent, Axios reported on Tuesday. Conglomerate Access Industries, through its investment arm Access Technology Ventures, has also put money into Essential, as did VY Capital, Altimeter Capital, Redpoint and Playground. Playground and Redpoint provided… Continue reading Corporates’ investment is Essential