Axiomatic was among the new investors in Epic Games, developer of the hugely popular Fortnite, which is now valued at almost $15bn.
Month: October 2018
Tado fires up $50m round
Amazon, Eon and Čez Group have backed a $50m funding round for smart thermostat manufacturer Tado that nearly doubled its equity to $102m.
StoneCo IPO tops $1.2bn
The Brazilian payment and commerce services provider floated above its range and raised an extra $100m from Ant Financial through a private placement.
Galecto collects $90m in series C
Bristol Myers-Squibb, Merck Group and Novo all took part in a $90m series C round for Galecto Biotech that was co-led by Ysios Capital and OrbiMed.
CIC joins Japanese banks for $1.8bn fund
Nomura Holdings, Daiwa Securities, Mitsubishi UFJ, Sumitomo Mitsui Financial and Mizuho Financial will aim to raise up to $1.78bn for the fund, in partnership with China Investment Corporation.
WM Motor begins journey to $287m round
Baidu is in talks to provide half the funding in the prospective round while another of the EV producer’s existing investors, Tencent, could also take part.
XtalPi processes $46m series B extension
China Life’s Healthcare Fund led the series B-1 round, which followed a series B featuring fellow corporates Google and Tencent in January.
Yunxuetang snags $50m in series C round
The employee training software provider has confirmed a $50m round that included SIG, the corporate that led its series B round in 2017.
Siemens takes Yellowbrick road in $48m round
Yellowbrick Data has raised $48m in a round led by Siemens’ Next47 unit, adding to the $44m from investors including GV and Samsung Next it disclosed two months ago.
Brazil fintechs gain momentum
Brazil-based fintech companies have been on the news in recent times, showing the potential of the South American country’s ecosystem.
Corporate venturing deal net: 22-26 October 2018
Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.
Xunlei contacts People’s Daily for blockchain partnership
The corporates will establish a blockchain lab to look at applications using the cryptographic record system while also running related workshops and competitions.
Xgene cracks series B code to raise $20m
Small-molecule therapy developer Xgene Pharma has received $20m in a Ping An Ventures-led round that also featured a subsidiary of Sinar Mas.
EyeSight stays alert for $15m
Jebsen Capital co-led a round that boosted the total raised by computer vision technology developer EyeSight, whose backers include Kuang-Chi, Ceva and Mitsui, to $50m.