Existing investors SoftBank and Tencent are in advanced discussions to invest in a round that will increase the trucking services platform’s valuation from $6.5bn to $9bn.
Month: October 2018
Tongcheng-eLong journeys towards $1bn IPO
The online travel agency is reportedly seeking $1bn from an initial public offering in Hong Kong that would provide exits to Tencent, Ctrip and Dalian Wanda.
Brisimitzis makes way at Microsoft
Jim Brisimitzis has left his role heading Microsoft for Startups to become a managing partner at venture capital firm and accelerator Quake Capital.
BitGo recalculates series B funding
Goldman Sachs and Galaxy Digital Ventures have joined a $15m series B extension for BitFury-backed BitGo that took the round’s total to $57.5m.
Plaid to pad out funding with $200m
GV-backed fintech provider Plaid is reportedly in talks with investors including Kleiner Perkins Caufield & Byers over a round that could value it at $3bn.
Kite Hill consumes $40m in 301-led round
The plant-based food producer has completed a round led by General Mills subsidiary 301, which also co-led its last round in mid-2016.
PhaseBio finds $46m in initial public offering
Orphan disease drug developer PhaseBio Pharmaceuticals, which counts Johnson & Johnson, Astellas and AstraZeneca as investors, cut the price of its shares sharply pre-offering.
Aledade adds $23m to latest round
GV-backed care manager Aledade has doubled the size of its latest funding round to $46m and increased its overall funding to $100m.
Unifonic tunes into $21m series A
The Saudi Telecom-anchored STV led the round, while Raed Ventures also invested in cloud communications technology provider Unifonic.
ZMT zooms to $72m
The Fosun-backed data analytics provider has closed a $72m round that increased its overall funding to more than $117m.
BBVA and Anthemis open up fintech studio
The banking firm will tap fintech entrepreneurship specialist Anthemis Group’s expertise to foster startups aligned with its innovation goals.
Rabobank helps plant $14m in ProducePay
ProducePay, which provides financing and produce-selling tools for agricultural businesses, has won over investors including financial services firm Rabobank.
Cognata digs in for series B round
Airbus Ventures has returned to back autonomous driving technology developer Cognata’s series B round, having participating in a $5m round for the company last year.
Alta Motors rides into the sunset
Harley-Davidson-backed electric dirt bike producer Alta Motors had raised more than $43m