The personal finance management app developer has filed for an initial public offering in Hong Kong, with InTime, JD.com and SIG in line for exits.
Month: March 2018
Saavn and JioMusic streams merge
Reliance Industries has agreed to merge its digital music platform, JioMusic, with streaming service Saavn, investing up to $100m in the combined business.
News round up 26 March 2018
Skyroam reaches Delta in $20m series C Delta Electronics Capital contributed to a Jafco Asia-led series C round that took the wifi hotspot technology provider’s total funding past the $50m mark. Fundraising Seventure admits Adisseo to latest fund Adisseo is the cornerstone investor in a Seventure Partners fund that has reached a first close of… Continue reading News round up 26 March 2018
Kilmer rejoins Battisti at C5 Capital
William Kilmer has joined C5 Capital as managing partner, reuniting with Marcos Battisti, a colleague from his Intel Capital days.
Rakestraw leaves Monsanto for Temasek
Rakestraw said Temasek has had an existing agriculture business area for some time but the venture capital investment was new.
Corporate venturing deal net: 19-23 March 2018
Userlane, the Germany-based developer of a software navigation system, raised €4m ($4.9m) on Wednesday in a series A round that included Main Incubator, a subsidiary of financial services firm Commerzbank. Capnamic Ventures led the round, which also featured High Tech Gründerfonds (HTGF) and FTR Ventures, and which came after an undisclosed amount of seed capital… Continue reading Corporate venturing deal net: 19-23 March 2018
Google goes for Lytro acquisition
Qualcomm, Huayi Brothers and Foxconn are set to exit the light-field imaging technology developer in a deal reportedly worth between $25m and $40m.
Editorial: Risks of bringing a knife to the fundraising gun fight
Ultimately, those unwilling or unable to compete at the top end of creating market-leading companies risk effectively bringing a knife to a gun fight – they can win sometimes in some areas, but the chances might be against them.
CommonBond forges $50m series D
Fifth Third Bancorp led the Nelnet-backed student loans service provider’s series D round, taking its total funding to more than $130m.
Blackmore picks up corporates for $18m round
BMW i Ventures led the lidar sensor developer’s series B round, which also featured another corporate venturing unit, Toyota AI Ventures.
Meituan-Dianping gears up for $60bn IPO
The local services platform is exploring an IPO in Hong Kong at a $60bn valuation, setting up Tencent, Priceline, Xiaomi, Fosun and Wanda for exits.
Seventure admits Adisseo to latest fund
Adisseo is the cornerstone investor in a Seventure Partners fund that has reached a first close of almost $30m.
Naspers nets almost $10bn in Tencent share sale
Naspers, which invested $32m in the internet group in 2001, three years before its IPO, will reduce its stake from 33.2% to 31.2%.
Chehejia drives series B to $475m
Corporates Shougang and Intime Retail invested a series B round for EV developer Chehejia Information Technology, which is also backed by Leo Group.