March 2018 – Page 4

Xiaoming Bike breaks down

The Cronus Bike-backed bicycle sharing service is set to declare bankruptcy, leaving both investors and users out of pocket.

Hua Medicine gets $117m funding treatment

Hua Medicine raised the funding in series D and E rounds, with the investors including WuXi AppTec, Ping An, Eight Roads and F-Prime Capital Partners.

Pivotal Software paves path to public markets

The Dell EMC spinout has filed for a $100m initial public offering that will also enable General Electric, Ford and Microsoft to exit.

SoftBank mulls billion-dollar Manbang investment

Tencent and Baidu-backed trucking services platform Manbang Group is seeking between $500m and $1bn at a valuation of about $5bn.

Cowan comes to Next47

Siemens’ Next47 unit has hired Matthew Cowan, a co-founder of Bridgescale Partners, as it moves to an evergreen investment model.

Haymes high tails it from Nielsen

Nielsen Ventures’ managing director, Bruce Haymes, who also headed the corporate’s Nielsen Innovate incubator, has left to pursue an undisclosed opportunity.

UK-based mobile connectivity analytics provider OpenSignal has raised $8m in an oversubscribed series B round featuring subsidiaries of mobile chipset maker Qualcomm and publisher O’Reilly Media. Qualcomm Ventures and O’Reilly AlphaTech Ventures were joined by Octopus Ventures, which led the round, and fellow venture capital firm Passion Capital. OpenSignal’s platform evaluates the speed and quality… Continue reading OpenSignal picks up $8m

Corporates fill Fauna’s $25m series A round

The database technology developer has secured GV, Capital One, Line, NHN Entertainment and Naver as investors in its series A round.

NMD flexes series A muscles

NMD Pharma, a neuromuscular disorder-focused spinout from Aarhus University, secured $47m in a round co-led by Roche and backed by Novo and Lundbeck.

Blade takes off with $38m series B

The short-range air transport service has completed a round backed by its new strategic partner, Airbus Helicopters.

Edianzu installs $32m in series C round

A fund affiliated with payment processor Lakala has invested in IT and office equipment supplier Edianzu in a round that took its total funding to almost $80m.

Nebenan welcomes new investors for series A

Deutsche Tele Medien, NWZ and PD Ventures all participated in a $19.9m round for the social media platform that was led by Burda Principal Investments.

SoYoung performs new fundraising procedure

The Tencent-backed online cosmetic surgery marketplace has added an undisclosed nine-figure renminbi sum to the $60m it raised in January.

Big Deal: Uber falls for Southeast Asian Grab

Uber will acquire a 27.5% stake in Grab as part of a deal where the latter will get its local operations, as a small number of players tighten control of the sector worldwide.