Tencent’s senior director of corporate strategy and investment, Grace Yun Xia, has departed for a principal role at venture capital firm Jungle Ventures.
Month: October 2017
Wells Fargo accelerator scoops quartet
Wells Fargo Startup Accelerator has chosen Edquity, Hurdlr, Redrock Biometrics and SimSpace for its latest cohort.
Aveni irons out series B round
Merck Group, Air Liquide, Samsung and Panasonic have contributed to a $10.5m round that took the metallisation technology developer’s total funding to more than $46m.
NGP moves Masalin to partner
Walter Masalin, a principal at Nokia Growth Partners where he moved in 2010, has been promoted to a partner position.
Hellobike and Youon to work in tandem
WM Motor-backed Hellobike is set to merge with Shanghai Stock Exchange-listed peer Youon Bike in an effort to better fight off competitors.
NeuroPace marks out $74m in funding
Johnson & Johnson-backed medical technology producer NeuroPace has added $74m in funding in a round co-led by Orbimed and KCK Group.
SCPharmaceuticals scans for $100m IPO
The subcutaneous drug developer has raised more than $77m in financing from investors including Sun Pharmaceutical Industries and Lundbeck since 2014.
MassMutual Ventures makes second fund with $100m
The corporate venturing unit has launched a second fund, just over three years after putting $100m into its first.
Axiata acts to form $15m Sri Lanka fund
Axiata Digital, the digital services division of telecommunications firm Axiata Group, plans to launch a $15m venture capital fund in Sri Lanka, DealStreetAsia reported yesterday. The fund could launch by December 2017, an executive aware of the plans told the portal, and it will focus on digital startups and service providers. The fund is expected to… Continue reading Axiata acts to form $15m Sri Lanka fund
Corporates charge to PowerbyProxi exit
Apple has acquired the wireless charging technology developer for an undisclosed amount, allowing Samsung and TE Connectivity to exit.
Cloud9 levels up in $25m series B
FunPlus, UTA, WWE and Beverly Hills Sports Council were among the participants in the eSports franchise’s series B round.
Fenix rises to Engie acquisition
Engie has acquired one of its portfolio companies, solar home system provider Fenix International, which was also backed by Orange and Schneider Electric.
Davis makes beeline for B Capital
Venture capital firm B Capital has chosen Joe Davis, North American chairman of Boston Consulting Group, as its vice-chairman and executive sponsor.
Tencent finds Kindred investment in $28m round
GV-backed robotics developer Kindred has closed a series B round led by internet group Tencent that boosted its total funding to $44m.