The carmakers have supplied $250m in connection with an electric vehicle promotion deal, and the round already includes Toyota, Ping An, Microsoft and Citi Ventures.
Month: November 2018
CFPA Microfinance reaps $140m
Ant Financial was among the participants in a series C round for the rural microfinance and financial trading provider that was led by Rise Fund.
MassMutual Ventures to manage $50m SEA fund
MassMutual Ventures Southeast Asia plans to invest in up to 15 early-stage enterprise software, digital health, fintech and insurtech companies in the next three years.
GV’s Kraus crosses over to Lime
GV general partner Joe Kraus, who joined the bike rental service’s board when the unit led a $355m round in July, has agreed to become its COO.
Singh Dang leaves Intel for U First
After nine years as an investment director at Intel Capital, Sanjit Singh Dang has co-founded corporate VC access service U First Capital as chairman.
Oncology Analytics processes $21m series B
McKesson Ventures and returning investor BlueCross BlueShield Venture Partners took part in a round that will support the cancer data provider’s technology capabilities.
Molekule follows investors to $25m series B
Molekule, developer of a molecular-level air purifier, took its total funding to $39m in a Foundry Group-led round that did not include existing investor Foxconn.
Ambiq Micro ambles to $29m
The Arm and Fujitsu-backed low-power chip producer has now raised more than $135m altogether, after securing $29.1m from investors including EDBI.
Shape Security locks up $26m
JetBlue Technology Ventures and Singtel Innov8 have become cybersecurity software provider Shape’s latest corporate backers, joining GV and HPE Pathfinder.
Google’s Eisnor makes Obvious choice
Di-Ann Eisnor has joined VC firm Obvious Ventures to fund urban infrastructure startups, after similar work at Google’s Area 120 incubator.
Tink Labs aims for $300m result
Hotel smartphone provider Tink Labs already counts Foxconn and TCL as investors but has reportedly approached travel and hospitality companies for funding at a $1.5bn valuation.
Dynamic Yield regenerates with $38m series D
Naver has joined Dynamic Yield’s series D round, which now totals $38m, three months after Union Group contributed to its initial close.
Opera shoots for StarMaker with $30m
Opera has injected $30m into entertainment-focused social media company StarMaker and secured an option to acquire a majority stake in 2020.
Portag3 banks on corporates for second fund
Power Corporation’s Portag3 Ventures has achieved a first close of $150m for its second fund thanks to a range of insurance and financial services investors.