Singapore-based cleantech developer Sunseap obtained S$75m ($56m) on Tuesday from energy company Banpu in a series C extension, bringing the round’s total to at least $60.8m. Sunseap had raised a first $4.8m tranche in May 2017 from a consortium led by building maintenance company IsoTeam. Shell Technology Ventures, the investment unit of oil and gas… Continue reading Sunseap rises with more series C cash
Month: September 2017
Sun Mobility moves towards $100m
SoftBank Vision Fund is reportedly in talks with Sun Mobility to invest up to $100m in the smart batteries developer.
Baidu launches $1.5bn Apollo Fund
The fund is expected to invest in 100 autonomous driving startups over the next three years.
Youon yanks in $123m for rural subsidiary
Ant Financial has acquired a 30.5% stake in Jiangsu Yonganxing Low Carbon Technology, which will take bike sharing service Youon’s business model to smaller cities.
Despegar flies to public markets in $332m offering
The Expedia-backed Latin American tourism booking platform floated in the US at the top of its range, and could close the initial public offering at up to $382m.
Credit Suisse creates impact investment unit
The newly formed Impact, Advisory and Finance unit will fund products or services that benefit societies as well as supporting the bank’s philanthropic advisory services.
Li to focus on Baidu Capital
Jennifer Li, CEO of Baidu’s corporate venturing arm, has stepped down as the group’s chief financial officer, with Herman Yu joining from Weibo to take the role.
Seraphim Space Fund blasts off with $95m
Seraphim Capital’s space-focused VC fund has achieved a $95m close with contributions from SES, Airbus and Telespazio.
MissFresh reaps $230m in series C+ round
Returning investor Tencent chipped in to a round that increased the total raised by the online fresh produce retailer to more than $400m since it was founded in 2014.
BP fuels Victor in $20m series B
Jet chartering marketplace Victor has raised $20m, half of which was invested by BP Ventures as part of a commercial agreement with Air BP.
GV helps Rodin sculpt $27m round
Neurological drug developer Rodin Therapeutics has now raised more than $57m in total, its past investors including Johnson and Johnson and Biogen.
Ellevest elevates itself to next stage
Salesforce Ventures and CreditEase Fintech Investment Fund contributed to a $34.6m round that will help the female-focused investment platform add new services.
Raise retails series C shares for $60m
PayPal is part of a consortium of investors that has pushed the total funding for gift card marketplace Raise to more than $147m.
Sonendo sinks its teeth into $50m
US-based dental technology developer Sonendo raised $50m in funding on Monday from investors including CVF, an investment affiliate of conglomerate Henry Crown and Company. The round also featured growth equity firm General Atlantic, accelerator Fjord Ventures, investment firm Orbimed Advisors, private equity firm Meritech Capital Partners and venture capital firm Neomed Management. Founded in 2006… Continue reading Sonendo sinks its teeth into $50m