ZestMoney added a $13.4m second tranche led by Xiaomi to a round including PayU that now stands at $19.9m.
Month: August 2018
Berkshire Hathaway buys into One97
The investment holding company has made an investment in Paytm owner One97 Communications reportedly sized at up to $356m.
Qualcomm helps ship $60m to CargoX
Qualcomm has returned to support a $60m round for CargoX, having also participated in the trucking services platform’s $20m series C last year.
Zhenkunhang finds corporate suppliers for $129m round
Legend Capital and Shell China backed a series C round for industrial e-commerce platform Zhenkunhang, which raised a total of $85m last year.
Tencent to mete out $400m in Meituan Dianping IPO
Meituan Dianping’s forthcoming initial public offering, which is expected to be $4bn in size, will feature Tencent as a cornerstone investor.
Big Deal: Toyota takes $500m to Uber
Uber has raised $500m from strategic partner Toyota at a $72bn valuation as the companies prepare to collaborate on driverless car technology.
Park drives his way to LG
Taejoon Park has become the second high-profile departure from Applied Ventures in recent months, moving to LG Technology Ventures.
Gritstone girds itself for $80m IPO
The Lilly Ventures, GV and Bluebird Bio-backed cancer immunotherapy developer has raised at least $188m in the past three years.
China Life docks in Harbour for $85m round
Antibody therapy developer Harbour BioMed has completed a series B round backed by China Life and existing investor Legend Capital.
SCG cements investment in Capricorn chemistry fund
Siam Cement has taken a limited partner position in Capricorn Venture Partners’ Capricorn Sustainable Chemistry Fund, which is aiming for a $193m close.
Binance Labs experiments with incubator
Binance’s token-based impact fund has launched plans for an incubator that will supply $500,000 for each participant.
BLS gives blessing to accelerator
The outsourcing services firm’s BLS Accelerator will provide seed and series A stage investment to startups and plans to invest $700,000 in 2018.
MaaS Global makes out with new funding
The corporate-backed transport booking and payment service has raised $10.4m in a round that took its total funding to almost $30m.
Corporate venturing deal net: 20-24 August 2018
Enterra Feed, a Canada-based developer of insect-based ingredients for animal feed, closed what it called a ‘major global funding round’ yesterday, which was led by investment manager ADM Capital’s Cibus Fund with backing from poultry product supplier PHW Group and an unnamed, family-owned investment group. The company received $5m from Avrio Capital in 2014 and… Continue reading Corporate venturing deal net: 20-24 August 2018