Sumitomo, Engie and existing backer Panasonic were among the investors in the round, which boosted the electric scooter producer’s total funding to $480m.
Month: September 2017
Best packages $450m IPO
Long-term investor Alibaba may buy up to another $150m of shares in Best Logistics in the US in a downsized initial public offering.
Younited brings investors together for new funding
France-based peer-to-peer lending platform Younited Credit has raised €40m ($47.8m) in a funding round featuring insurance providers AG2R La Mondiale and Matmut, the latter investing through its Matmut Innovation unit. French government-owned investment bank Bpifrance also participated, through its Large Venture Fund, as did financial services firm Crédit Mutuel Arkéa, Weber Investissements, Eurazeo and Zencap Asset… Continue reading Younited brings investors together for new funding
Patreon packs in $60m
The online creative donation platform, which counts talent agencies CAA and UTA as investors, has raised funding in a series C round led by Thrive Capital.
BMW begins 2018 edition of UK incubator
BMW Innovation Lab 2018’s 10-week initiative will provide startups with advice and access to investors, and the corporate is also seeking innovators from within the company.
Ushr beckons GM to series A round
GeoDigital spinoff Ushr has secured $10m in a Forte Ventures-led round that included General Motors, and will use the cash to test its vehicle mapping software.
Matroid meets Intel in $10m round
Intel and New Enterprise Associates have co-led a series A round for computer vision startup Matroid, bringing its total funding to $13.5m.
Cofactor collects $18m in series A
Ascension Health and Wilson, Sonsini, Goodrich & Rosati contributed to the oncology therapy developer’s series A round, which was led by Menlo Ventures.
GCV Asia Congress Awards 2017 – Large Investment of the Year: Didi Chuxing
According to reports, the China-based firm has recently been valued at more than $50bn, behind only its US peer and co-shareholder Uber. Didi’s meteoric rise has been fuelled by more than $13bn of funding since it was founded, with a $5.5bn round, led by Japan’s SoftBank, completed in spring this year. Alongside SoftBank, Didi’s backers… Continue reading GCV Asia Congress Awards 2017 – Large Investment of the Year: Didi Chuxing
GCV Asia Congress Awards 2017 – Sub-$50m Investment of the Year: Desktop Metal
Technology with the potential to produce complex metal components more efficiently and cheaply has underpinned the success of US-based Desktop Metal.
GCV Asia Congress Awards 2017 – Mid-sized Investment of the Year: Mobike
Bicycle rental platform Mobike has had a hugely successful 2017 so far, with two multimillion-dollar funding rounds as well as expansion out of its native China into Southeast Asia and, most recently, Europe.
GCV Asia Congress Awards 2017 – M&A of the Year: Jet.com
Jet.com’s success has been built on its innovative approach to selling online, backed by high-quality senior management and venture investors. The firm’s unique selling point was a new take on the model pioneered by Amazon. Instead of convenience and rapid delivery, Jet.com focuses on the cost-savings consumers can make by buying in bulk and encouraging… Continue reading GCV Asia Congress Awards 2017 – M&A of the Year: Jet.com
GCV Asia Congress Awards 2017 – IPO of the year: G-bits Network
The firm’s listing on the Shanghai Stock Exchange (SSE) raised $138m and delivered a successful exit to a number of the firm’s backers. These included IDG Capital Partners, Fortune Capital and Ping An Ventures, the corporate venturing arm of Ping An Insurance. G-bits, which is based in Xiamen in southeast China, was set up in… Continue reading GCV Asia Congress Awards 2017 – IPO of the year: G-bits Network
L Catterton crafts Innis & Gunn investment
The LVMH-backed private equity firm has acquired a 27.9% stake in craft beer brewer Innis & Gunn in return for a $20.3m investment.