Ankon Technologies, developer of a capsule-based gastric cancer diagnostics system, has received funding from investors including SoftBank’s Chinese CVC subsidiary.
Month: August 2017
Lilly Asia Ventures closes fourth fund on $450m
The Eli Lilly-backed firm has closed its oversubscribed fourth fund, LAV Biosciences Fund IV, reportedly raising the capital in only two months.
IMS New Media markets $90m series C
Sina Weibo has contributed to a series C round for IMS New Media Group, valuing the social media marketing company at about $1.5bn.
BAIC BJEV accelerates with $1.7bn
Beijing Automotive Group’s electric vehicle subsidiary has collected $1.7bn in a series B round featuring 14 investors including China Cinda Asset Management and Zhongji Investment.
Media Tech Venture Studio to meet eight
The Verizon Ventures and R/GA-backed media startup studio has chosen its first eight participants, each of which will receive $100,000 of funding.
Sun Pharma gives sustenance to Krystal Biotech
Gene therapy developer Krystal has received $7m in funding from Sun Pharmaceutical Industries, in a deal that values the startup at roughly $44m.
Emtek reveals two new portfolio companies
The media company has taken stakes in on-demand ride platform Grab and mobile game developer Ice House, according to its latest financial report.
TuneIn radios Comcast to raise $50m
The GV-backed online radio network has boosted its total funding to $140m with a $50m round co-led by Comcast Ventures, Marker and Institutional Venture Partners.
Unomy goes to WeWork
WeWork has paid an undisclosed amount to acquire sales and marketing intelligence software provider Unomy, allowing Leta Capital to exit.
Zuoyebang pores over $150m series C
Baidu spinout Zuoyebang has added $150m in funding from investors including Legend Capital and will use the capital to strengthen its online education platform.
Iconectiv plugs into $200m
Francisco Partners has purchased a 16.7% stake in Iconectiv, a subsidiary of Ericsson that has developed technology to interconnect telecom networks.
Wantedly wanders toward public markets
The CyberAgent and Nihon Keizai Shimbun-backed recruitment and networking platform developer is set to float in its home country of Japan next month.
Ola takes $36m from Tekne Capital
A subsidiary of hedge fund sponsor Tekne Capital Management has invested in the series G round being raised by Ola, which is also backed by SoftBank and Didi Chuxing.
SoundCloud gets rescued with $170m investment
Raine Group and Temasek have reportedly acquired a majority stake in beleaguered, Twitter and Chernin Group-backed music streaming platform SoundCloud.