Flipkart-backed freight shipping marketplace Blackbuck has received $27.3m in funding, with existing backer Sequoia Capital leading the round.
Month: October 2018
Open8 gets creative in $13m series A
Marketing distribution product supplier Open8 has now raised $36m in funding after winning the backing of the corporate-backed Mirai Creation Fund.
Lymbersky leaves Cisco to go Global
Christoph Lymbersky, a partner at corporate venturing unit M2P Venture & Capital Partners, has co-founded investment bank Global Ventures.
Schulte shoots to Swiss Post
Jens Schulte, who oversaw corporate venturing at PostFinance, has been promoted to head of M&A for its parent company, Swiss Post.
Aave unchains corporate venturing unit
Aave’s newly formed corporate venturing unit will fund digital asset technologies and other blockchain-related ideas ranging from payment services to games.
Yunshan connects to Lenovo for $11m round
Lenovo joined a trio of VC firms for Yunshan Networks’ series B-plus round, bringing the total raised by the IT networking services provider to $26m.
SoftBank considers $20bn WeWork deal
The corporate’s Vision Fund is reportedly thinking of buying a majority stake in WeWork for $15bn to $20bn, though the FT places the deal size at up to $10bn.
Tencent Investment tenses itself for $650m fund
Tencent’s corporate venturing department is reportedly in talks with prospective limited partners for a $650m fund that would focus on follow-on investments.
Xiaozhu moves toward $300m in latest round
The Bertelsmann-backed short-term accommodation marketplace has raised nearly $300m in a round led by Yunfeng Capital.
Chrysalix takes corporates to RoboValley for new fund
Chrysalix Venture Capital’s RoboValley fund has secured Mitsubishi Corporation, Severstal, Teck Resources and Petronas as LPs as it aims for a $120m final close.
CloudWalk reaches series B-plus destination
Facial recognition system developer CloudWalk Technology has secured an undisclosed sum in a round that included leasing services firm Bohai Capital.
Siemens sees Varjo in $31m series B
Industrial VR headset developer Varjo has raised funding from investors including Siemens’ Next47 unit as it prepares to launch its lead product.
ICHunt catches $23m
Shenzhen Huanuo Innovation was among the investors in a series B-plus round that will help the electronic components trading platform expand warehouse capacity.
Droom makes room for $30m
The Toyota Tsusho and Digital Garage-backed online car trading platform has added series E funding to the $30m series D round it closed in May.