Xiaomi and E-City Ventures were among the participants in the instalment-based e-commerce platform’s latest round, taking its total funding to $13m.
Month: October 2017
InflaRx inhales $55m in series D round
Bain Capital Life Sciences, Cormorant Asset Management and RA Capital co-led the Staidson-backed inflammatory disease drug developer’s latest round.
Hyperloop One gets Virgin investment
Virgin has provided an undisclosed amount for the ultra-fast transport developer, valued at $700m as of September, which will rebrand to Virgin Hyperloop One.
Chope books $13m round
Singapore Press has returned to back the online reservation platform, investing alongside CapitaLand and Susquehanna International Group.
Compeon measures out $14m for series B
Tengelmann Ventures has led small business lender Compeon’s series B round, having previously backed its $2.8m series A two years ago.
PPdai to lend itself to $350m IPO
Legend and Susquehanna International Group stand to score an exit as peer-to-peer lending platform PPdai gears up for a flotation on the New York Stock Exchange.
Flipkart lines up big BookMyShow investment
The e-commerce company has entered discussions to acquire a “large” minority stake in online ticketing portal BookMyShow at a valuation of up to $700m.
Sansiri sends $12m to JustCo
Property developer Sansiri has paid $12m for a 6% stake in the Singapore-based co-working space provider, which plans to now expand internationally.
CastBox locks up series A funding
The podcasting platform, which uses natural language processing to power in-audio search, has raised $12.8m in series A funding from investors including SIG China.
Analysis: Median size of corporate-backed rounds grow
GCV Analytics analysis shows that most venturing rounds have experienced growth in their median dollar size, though later rounds have experienced a more pronounced increase.
News round up 16 October 2017
A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.
Corporate venturing deal net: 9-13 October 2017
China-based autonomous driving technology developer HoloMatic has received an undisclosed amount of funding from Bertelsmann Asia Investments, a corporate venturing subsidiary of media group Bertelsmann, and venture capital group IDG Capital, Technode reported today. The round also featured location data provider NavInfo and smart transportation technology producer Zhixing Technology, according to China Money Network. Internet… Continue reading Corporate venturing deal net: 9-13 October 2017
Omnyway completes path to series A round
Commerzbank and CreditEase co-led a $12.8m round for digital commerce platform developer Omnyway that will fund new products and international growth.
Redback receives $7m
Clean Energy Innovation Fund provided $5m of the funding, as solar system startup Redback Technologies added funding to the cash raised from EnergyAustralia last year.