September 2018

Corporates reach Coda in $19m series A

Novartis and Astellas Venture Management both invested as the gene therapy developer announced its first external funding.

ProSiebenSat.1 has taken a 25% stake in a fund being raised by growth equity firm 7 Global Capital, which is halfway to its $150m target.

FoodShot Global, set up by partners including Rabobank, is looking to supply $10m in equity funding and $20m of debt to innovative food startups.

TAL Education’s Win-Win Fund co-led a $17.5m round for All Dream Network Technology, operator of a coding education platform.

Ping An Global Voyager Fund, Clal Insurance, Phoenix Insurance, Caesarea Medical and Foxconn all backed the diagnostics technology developer.

The fibre optic network operator raised the cash in a round co-led by Mitsui, and is looking to add a $40m debt facility.

The healthcare communication platform developer has closed a $40.5m round backed by several health insurers and care providers.

Silverback Therapeutics, which is developing drugs that will only act at the site of disease, has closed a $47.5m round backed by Celgene.

Salesforce Ventures will exit cloud communications software provider NewVoiceMedia, which had raised more than $140m in venture funding.

SoftBank Ventures Korea has partnered TPG Growth to establish the $300m China Ventures Fund I.

The online food delivery service has reportedly entered talks with Tencent to raise money at a valuation of $2.5bn or more.

The JD.com and Advance Publications-backed fashion e-commerce platform raised more than $670m while its investors sold $212m of shares.

Expense management platform Captio has been acquired by Certify for an undisclosed sum, providing exits to Bankinter and Banco Sabadell.

Canopy Rivers, the corporate venturing unit spun out of cannabis grower Canopy Growth, has gone public through a reverse merger.