The firm, launched with a $100m investment by Illumina in April 2016, has added $130m from unnamed external investors.
Month: October 2017
Connexin secures up to $13m
The wireless internet provider has secured an investment from Cisco backed Digital Alpha to expand its team and fund a new technology centre.
Sogou seeks $600m in IPO
Search engine provider Sogou, 80% owned by Sohu and Tencent, has filed for a $600m offering on the New York Stock Exchange
Qudian gets quids in with $900m IPO
The Ant Financial-backed online lender floated above its range, while fellow corporate investor Kunlun Tech sold $14m of shares.
Corporates side with Cydan for $34m fundraise
Pfizer Venture Investments and Lundbeckfond Ventures have contributed to a fundraise that will support the orphan-drug accelerator’s activities through 2021.
Magic Leap mounts $502m series D
Magic Leap has confirmed a series D round featuring Grupo Globo, Alibaba and Google that took its overall funding to about $1.9bn.
Foxconn and IDG Capital form $1.5bn transport fund
Contract manufacturer Foxconn and IDG Capital will provide 10% of the capital for the fund, which will invest in transport technology developers.
BankBazaar markets $30m series D
Experian has put $30m into BankBazaar, a financial services marketplace that previously obtained $60m in a series C round led by Amazon.
Digital Asset gains $40m advantage
Digital Asset, backed by a host of corporates including IBM and CME, has raised more than $40m in series B funding, taking its total capital to $110m.
Apttus develops initial public offering plans
Apttus, a US-based cloud sales software developer backed by enterprise software producer Salesforce, is working on initial public offering plans with investment bank Goldman Sachs, Bloomberg reported on Friday. Apttus and Goldman Sachs would not confirm the report, while Bloomberg was not at liberty to name its sources. The company was valued at $1.75bn as… Continue reading Apttus develops initial public offering plans
iQiyi signs up underwriters
The video streaming service, majority-owned by Baidu, has hired three banks to manage its initial public offering expected to take place in the first half of 2018.
SoftBank begins talks for second huge fund
The firm has reportedly entered early talks concerning a successor to its $93bn Vision Fund that could be even larger.
Educapital edges to first close of fund
IdKids, Econocom, Bayard and Hachette Livre were among the limited partners to contribute to the $53.1m first close of edtech-focused Educapital’s venture capital fund.
Hubject charges towards more funding
Hubject, a Germany-based payment platform for electronic vehicle charging, raised “millions of euros” (€1m = $1.2m) yesterday from its seven corporate shareholders, which include car manufacturers BMW, Daimler and Volkswagen. Industrial product and appliance makers Bosch and Siemens as well as energy providers EnBW and Innogy, a subsidiary of utility RWE, also contributed to the… Continue reading Hubject charges towards more funding