November 2017 – Page 7

De Beers to mine startups through CVC unit

De Beers Ventures will target companies operating in areas such as consumer brands, marketing, imaging technology, and jewel cutting and polishing.

The Knight Foundation provided $3m of the funding, as the Intel and Google-backed tech diversity initiative looks to expand into new areas.

The video creation marketplace will use the cash from the Stampede Ventures-backed round to expand its team across its four offices.

Beijing Zmeng Network Technology has secured $27.1m in series B+ funding from investors including the Fosun-affiliated Kinzon Capital.

Returning backer Sina was among the investors in the autonomous trucking technology developer’s latest round, three months after its series B.

The smartphone maker aims to invest in 100 India-based startups over the next five years as it seeks to build its mobile app ecosystem.

The short-form media platform has tripled its total funding, raising cash from investors including NBCUniversal and WndrCo.

Sun Pharmaceutical and Lundbeck scored exits in an $89.6m initial public offering by the subcutaneous heart failure therapy developer.

Christina Heggie and Ajay Sharma have been promoted to investment principal roles at JetBlue Technology Ventures.

Liberty Global-backed broadband connectivity software provider Casa Systems has filed for a $150m IPO

AIB has invested approximately $35m in TransferMate as part of a strategic partnership, taking a stake of at least 10% in the process.

DKSH and MDI Ventures backed an Emerald Media-led round that will support the e-commerce services provider’s international expansion plans.

RDD Pharma has secured $9.5m in a series B round that included Pharmascience, and will use the capital to fund clinical trials.

Kinzon Capital has participated in a $17.3m round for medical imaging system developer Deepwise that was led by Danhua Capital.