August 2018 – Page 7

Boxed packs $111m into latest round

Aeon led the round, which valued wholesale mobile commerce platform Boxed at $470m, taking its funding past the $240m mark.

The SoftBank-led round included strategic partner Toyota and will fund the geographic expansion of the car sharing platform.

Credit Engine won the top award while five other participants in MUFG Digital Accelerator were also showcased.

SBI AI and Blockchain Fund has secured corporate venturing unit Krungsri Finnovate as a limited partner as it seeks a $453m close.

The corporates will invest up to $500,000 in developers of game-related apps that can be distributed on Overwolf’s app store.

Dragoneer and General Atlantic co-led a round that valued the SoftBank, Comcast and Alphabet-backed communication platform at more than $7.1bn.

Mitsui-backed customer data platform Drawbridge has now raised a total of $70m, securing its latest funding from other existing investors.

Musashi Seimitsu invested $6m as part of a Rothschild Bank-led series C round that reportedly valued SoftWheel at almost $140m.

Ali Health will buy a 14.5% stake in retailer Guizhou Ensure Chain Pharmacy for $61.3m and has the option to increase it to 25%.

GlaxoSmithKline-backed Principia Biopharma has filed for an $86.3m initial public offering having raised $50m earlier this month.

The AstraZeneca antibacterial medicine spinout aims to raise $86.3m in an initial public offering that could also herald an exit for Novo.

JD.com and Advance Publications both hold stakes greater than 5% in the fashion e-commerce platform, which has raised more than $700m in funding.

The GV-backed care provider is in late-stage talks for a $200m investment by Carlyle Group alongside a $100m secondary share purchase.

Bumble Fund has secured $1m in capital commitments from its parent company and will invest up to $250,000 in female-founded startups.