Bill & Melinda Gates Foundation will invest up to $40m in the biological drug developer, which raised $320m in an Eli Lilly-backed round two years ago.
Month: September 2017
Swrve swoops for $25m
Summit Bridge Capital led a series D round that increased the Intel Capital-backed mobile marketing software developer’s total funding to more than $75m.
HighRadius measures out $50m from SGE
Susquehanna Growth Equity has provided $50m in funding for HighRadius, which operates a cloud-based platform to manage account receivables.
LifeMine hatches $55m series A
WuXi Healthcare Ventures has led a first funding round for LifeMine Therapeutics that also featured GV and Merck Ventures.
Qudian quickens pace to $750m IPO
Ant Financial and Kunlun Tech are among the investors set to exit as the online lending platform, which has filed to go public in the US.
GCV Asia Congress Awards 2017 – Fund of the Year: SoftBank Vision Fund
These include investing a reported $2.5bn in Indian e-commerce company Flipkart, as well as leading a $1.1bn funding round for Swiss drug developer Roviant Sciences and contributing the bulk of a $1bn capital injection into US-based sports e-commerce platform Fanatics. The Vision Fund was originally announced in autumn 2016 and has successfully sought backing from… Continue reading GCV Asia Congress Awards 2017 – Fund of the Year: SoftBank Vision Fund
GCV Asia Congress Awards 2017 – New Entrant of the Year: AddVentures
AddVentures, the corporate venturing arm of Thai conglomerate Siam Cement Group (SCG), has been named new entrant of the year in the 2017 Global Corporate Venturing Asia Congress awards. The fund was set up in June this year and will be funded by SCG to the tune of up to $85m over the next three to five years.
GCV Asia Congress Awards 2017 – Unit of the Year: Tencent Investment
The huge strides made by Tencent Investment since 2015 are largely the result of its increased appetite for dealmaking on a grand scale as well as its willingness to look outside of China for new ventures.
Asia’s rise cemented in Global Corporate Venturing awards
The seventh annual Global Corporate Venturing awards are the first to be hosted in Hong Kong rather than London but reflect the changing face of the venture industry as it both globalises and scales up. From a US-dominated cottage industry of relatively small funds, the provision of innovation capital to fast-growing entrepreneurial businesses is being… Continue reading Asia’s rise cemented in Global Corporate Venturing awards
SoftBank slides closer to ZhongAn IPO investment
SoftBank will take a 5% stake in the online insurer, investing up to $550m, in an initial public offering in Hong Kong that could top $1.5bn.
CMC kickstarts $2.2m innovation fund
Vietnam-based IT and telecom group CMC has launched a $2.2m innovation fund to help commercialise ideas from several IT-related sectors.
Tanker carries itself to new funding
Corporate venturing units Axa Strategic Ventures and InnovAllianz joined Idinvest Partners and Kima Ventures to invest $7.2m in encryption software developer Tanker.
Cambridge Medical Robotics clears $46m series A
The surgery robotics developer has added $26m from investors including ABB Technology Ventures to complete its series A round, 14 months after closing the first tranche.
Bayer and Ginkgo combine for $100m startup
Corporates Ginkgo Bioworks and Bayer have launched a plant microbiome technology startup that is equipped with $100m in series A funding.