Toyota-backed Mirai Creation Investment has co-led a corporate-packed series A round for robotics developer Groove X initially sized at $38.7m.
Month: December 2017
Nokia Growth Partners rebrands to NGP Capital
The venture capital firm, which was founded by Nokia in 2005, is dropping the firm’s name from its branding.
WM Motor gears up for corporate cash
Baidu Capital is set to lead a round for the the electric vehicle expected to be sized in the nine figures that will also feature SIG.
Luminance reveals $10m series A
Existing investor Slaughter and May was among the participants as legal software developer Luminance added to the funding it raised last year.
Chase lands WePay for up to $400m
Rakuten has exited payment processing platform WePay in an acquisition by JP Morgan Chase for between $300m and $400m.
Atox Bio secures $30m
The infectious disease drug developer has raised $30m in a round featuring Asahi Kasei, SR One and Lundbeckfonden Ventures.
Ponycar traps series C funding
Electric vehicle developer Zhihe Chuxing has led a $37.8m series C round for Ponycar, which has now raised about $83m in just over a year
Fang cuts away from Baidu
Yimin (Peter) Fang, senior director of corporate investment and mergers and acquisitions at China-headquartered internet company Baidu, has rejoined former colleague Kai-Fu Lee at venture capital firm Sinovation Ventures. Fang, ranked eighth on 2016’s Global Corporate Venturing Powerlist, worked under US-based internet technology provider Google’s first China president, Kai-Fu Lee, as an investment director at… Continue reading Fang cuts away from Baidu
Pwnie Express picks up $8m
The MassMutual Ventures-backed IoT security software provider has now raised $28m altogether.
Norsk Hydro plots course for Corvus
Lithium-ion battery producer Corvus Energy has received an undisclosed amount of funding from Norsk Hydro, which has taken a 25.9% stake.
Big Deal: SpaceX shows space is the place
The Alphabet-backed spaceflight operator has extended its latest round to $450m, indicating the continued investor interest in space technologies.
NestAway finds room for $50m
UC-RNT, an investment fund established by Ratan Tata and University of California, has contributed to a funding round for NestAway, whose shareholders already include Flipkart.
Kuaikan Manhua traces $177m in series D
Toutiao-backed comic artwork platform Kuaikan Manhua has added $177m to its coffers following a series D round led by Coatue Management.
PhaseBio enters next financing stage
Johnson & Johnson and AstraZeneca helped fund a $15.6m round for PhaseBio that included $7.5m in debt financing from Silicon Valley Bank.