SoftBank is set to completely exit Flipkart as part of a deal that will value the company at $20bn, in which Alphabet is now expected to be involved.
Month: May 2018
Mahindra piles funding into Resson
Agricultural analytics platform Resson could get up to $5.2m from farming equipment maker Mahindra, which would receive a 10% stake.
Viking Global throws Birchbox a $15m lifeline
Viking Global will take a majority stake in the cosmetics subscription service, once valued at $485m, wiping out other investors including Comcast Ventures.
Synyi syncs with investors in series B
The CEC and Shulan Health-backed medical data analysis platform received $15.8m in a round led by GGV Capital.
Xiaomi gets $10bn IPO rolling
The Qualcomm and NGP-backed electronics producer is reportedly seeking a $100bn valuation for the Hong Kong offering.
Cera looks after $17m series A
Auriens-backed in-home care services provider Cera has raised $17m in equity and debt to expand across the UK and into Germany.
Tencent accompanies UBtech to $820m
UBtech has achieved a $5bn valuation after raising $820m in Tencent-led series C round that included fellow corporates Telstra and Haier.
Algolux unravels $10m in series A round
The autonomous vision technology developer raised the cash in a GM Ventures-led round that included fellow CVC unit Intact Ventures.
Editorial: US firestarters focus on government-funded research commercialisation
A fire is being lit in the US as Chinese competition comes increasingly to the forefront of the attention of its political leaders. One battleground coming into view concerns how much the American government is getting by way of jobs and economic development from its federally-funded research and development (R&D) dollars. As one Beltway veteran… Continue reading Editorial: US firestarters focus on government-funded research commercialisation
3SBio finds Refuge in $25m round
Biopharmaceutical product manufacturer 3SBio co-led the cancer therapy developer’s series B round, which included WuXi Healthcare Ventures.
Verrilli ventures back to GV
Jessica Verrilli, who originally left Twitter for GV in 2015, has made the same move two and a half years later to take a general partner role.
Goette gets out of Siemens after nearly 30 years
Gerd Goette built a storied career at Siemens, investing in more than 50 transactions and taking more than 25 directorships and board observer positions.
NovellusDx traces its way to $6m
Cancer care provider Helsinn’s corporate venturing arm has invested in genomics diagnostics platform NovellusDx as part of a round that took its total funding to about $23m.
Cardionomic gets latest round flowing with $9m
The Cleveland Clinic and Greatbatch Medical- backed neuromodulation device developer is targeting a $9.6m close according to a securities filing.