The Alphabet-backed spacecraft developer and launch services provider has raised $350m at a valuation that makes it the world’s sixth most valuable VC-backed private company.
Month: July 2017
Ofo offers $1bn round to SoftBank
Ofo has entered talks with SoftBank to lead a $1bn round that would include existing investor Didi Chuxing, just three weeks after closing a $700m series E round.
News round up 31 July 2017
A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.
Hearst speaks Liulishuo’s language in $100m series C
English language learning platform developer Liulishuo has closed a Hearst Ventures-backed round that was co-led by China Media Capital and Wu Capital.
Circulation moves to series A funding
US-based healthcare transportation provider Circulation received $10.5m on Tuesday in a series A round co-led by healthcare services firm Providence Service Corporation and venture capital firm Flare Capital Partners. Echo Health Ventures, a joint venture between health insurance provider Cambia Health Solutions and investment firm Mosaic Health Solutions, also participated in the round, as did… Continue reading Circulation moves to series A funding
Qualcomm helps provide Prospera with $15m
Agricultural digitisation technology developer Prospera has secured $15m in a series B ronud led by Qualcomm Ventures that included Cisco Investments.
Corporates explore Within in $40m series B
WPP, Macro Ventures and 21st Century Fox all contributed to the augmented and virtual reality content provider’s latest round, the latter as an existing investor.
Bashir breaks free from Infosys
Yusuf Bashir has resigned as managing director of Infosys Innovation Fund, the $500m corporate venturing fund formed by Infosys, after two years at the helm.
Tencent buys its way into Byju’s
Educational app developer Byju’s has raised funding from Tencent as part of a round reportedly sized at $40m that could value it at up to $800m.
BlackFin steers to $117m for fintech fund
France-based investment firm BlackFin Capital Partners achieved a first close of its Tech Fund 1 on Tuesday, having secured more than €100m ($117m) with the support of several insurance companies. The insurers, which included Vaudoise Assurances Group, Groupama Group, Sogecap, Natixis Assurances and Swiss Life, were joined by France’s public investment bank Bpifrance, which contributed… Continue reading BlackFin steers to $117m for fintech fund
Vicarious commissions $50m series C
The robotics artificial intelligence developer, which counts Samsung, Wipro and ABB as investors, has raised $50m in a Khosla Ventures-led series C round.
Slack tightens up next funding round to $250m
Reports that Slack was set to raise $500m in its forthcoming round seem to have been premature, but SoftBank and Accel reportedly are set to co-lead the round.
Tencent tees up $400m Ola investment
The internet company is in advanced discussions over an investment that could boost the on-demand ride service’s latest round to more than $800m.
SoftBank helps WeWork’s China subsidiary find space for $500m
SoftBank and Hony Capital have provided $500m in funding for WeWork’s newly formed Chinese subsidiary, with each set to take a minority stake.