M17 Entertainment, backed by MCN, Yahoo Japan and LeSports, rang the opening bell on NYSE last week but never began trading.
Month: June 2018
Yaoshibang prescribes $65.7m series C
Fosun-backed online pharmacy operator Yaoshibang has added Susquehanna International Group to its shareholders following a series C round raised over two tranches.
Lufax eyes $2bn round
The Ping An-backed trading platform has put its plans for initial public offering on hold and is instead seeking up to $2bn in funding at a valuation of $40bn.
Manabo passes Sundai acquisition test
Manabo, a Japan-based mobile tutoring app developer backed by corporates CyberAgent, Benesse and Zoshinkai, was acquired by preparatory school operator Sundai yesterday, according to The Bridge. Financial terms have not been disclosed. Sundai purchased Manabo through its IT services unit, Satt. Founded in 2014, Manabo operates a mobile app that offers access to some 200,000… Continue reading Manabo passes Sundai acquisition test
StrideBio engineers $15.7m series A
The oversubscribed round has been backed by Takeda Ventures, UCB and Alexandria Venture Investments, and was led by Hatteras Venture Partners.
Evolve BioSystems digests $40m series C
US-based microbiome company Evolve BioSystems closed a $40m series C round yesterday that featured agribusinesses Tate and Lyle and Continental Grain, pharmaceutical firm Johnson & Johnson, dairy cooperative Arla Foods and food producer Campbell Soup. Philanthropic organisation Bill and Melinda Gates Foundation co-led the round with Horizons Ventures, the venture division of charity Li Ka… Continue reading Evolve BioSystems digests $40m series C
Back Market opens series B stall
France-based refurbished devices marketplace Back Market raised $48m in a series B round yesterday from investors including Groupe Arnault, a diversified holding firm whose properties include luxury consumer goods company LVMH. Aglaé Ventures, the investment arm of Groupe Arnault, also invested separately in the round, as did private equity firm Eurazeo and venture capital fund… Continue reading Back Market opens series B stall
Paytm Mall reveals funding details
India-based online retailer Paytm Mall has obtained $227m in funding from telecoms and internet group SoftBank and e-commerce company Alibaba, Livemint reported on Tuesday citing a regulatory filing. The money forms part of a $445m funding round first announced in April 2018, with the $227m marking a third tranche towards that amount. Details about the… Continue reading Paytm Mall reveals funding details
Opendoor leads to $325m series E
Access Industries, Lennar and General Atlantic have co-led a series E round for Opendoor, after Lennar supplied $100m in debt funding earlier this year.
Bluehole publishes $500m intentions
Tencent is exploring an investment in games publisher Bluehole in exchange for a 10% stake.
Samsung lines up Q Fund
The new vehicle will invest in seed and series A-stage companies in the artificial intelligence sector, using capital from the $150m Samsung Next fund.
Uxin gears up for $547m IPO
Uxin has set its pricing range at $10.50 to $12.50 per American Depositary Share, with Baidu, Legend Holdings and Tencent all in line to exit the used vehicle marketplace.
WeWork targets $40bn valuation
SoftBank is considering injecting several billion dollars into the co-working space provider, which would double its valuation to between $35bn and $40bn.
Andrew Alliance bonds with series C investors
Tecan, Waters and Inpeco are among a group of investors that have invested $14m in robotics company Andrew Alliance.