The carmaker has taken a 10% stake in Mobike Chuxing, a car sharing spinoff launched by Mobike with more than $300m last month.
Month: January 2018
NextCapital accounts for corporates in $30m round
US-based financial advice platform provider NextCapital has closed its series C round at $30m with contributions from financial services provider Manulife Financial and insurance group Transamerica. The round was led by venture capital fund Oak HC/FT and included Vermont Seed Capital Fund, the VC fund formed by the US state of Vermont, as well as… Continue reading NextCapital accounts for corporates in $30m round
Agent finds $52m for first fund
Agent Capital, formed by Ex-Baxalta Ventures managing partner Geeta Vemuri, has raised $52m of a planned $150m for its first fund.
Genome Medical mixes with corporates
GE Ventures, Kaiser Permanente Ventures and existing backer Illumina Ventures have helped Genome Medical take its total funding to $23m
MoneyLion pounces on $42m
Grupo Sura returned to back a $42m series B round for MoneyLion, which has now secured a total of $67m in equity funding.
Genetron generates series C funding
Oncology drug developer Genetron Health, which closed a Vcanbio-led series B round in 2016, has added $61.6m to its coffers.
Corporates drive AImotive’s $38m series C round
The autonomous driving software developer, which also counts Nvidia as a backer, raised new funding from investors including Robert Bosch, Cisco and Samsung.
LifeTech and Ally Bridge form medtech fund
The partners intend to combine medical device maker LifeTech’s expertise in China with ABG’s global healthcare investment profile.
Renault-Nissan-Mitsubishi start up $200m fund
The strategic alliance will officially launch a $200m mobility-focused corporate venturing fund tomorrow at electronics trade show CES.
Big Deal: Didi Chuxing buys a 99
Didi Chuxing’s reported $600m acquisition of a majority stake in its Brazilian counterpart indicates a new level to its expansion plans.
BASF and Henkel hang with NBD Nano
NBD, which has developed chemical additives that enhance the surface coatings on electronic goods, has secured $8m in its series B round.
Analysis: Boehringer Ingelheim starts 2018 with $300m fund
Pharmaceutical firm Boehringer Ingelheim has committed €150m in capital to its corporate venturing vehicle, Boehringer Ingelheim Venture Fund (BIVF), increasing its total investment in the fund to €250m ($300m). BIVF typically provides between €10m and €15m to each portfolio company in totL, where initial commitments vary between €500,000 and €3m. Its investment areas are focused… Continue reading Analysis: Boehringer Ingelheim starts 2018 with $300m fund
Analysis: Didi Chuxing invests in 99
China-based on-demand ride hailing service Didi Chuxing acquired 90% of its Brazilian counterpart 99
BrightFunnel reaches its Terminus in acquisition deal
Terminus has bought BrightFunnel, a marketing analytics platform that had raised $9.5m from backers including Salesforce Ventures and Bloomberg Beta.