Legend Capital has put its weight behind Shanghai Cell Therapy’s $39.6m series C1 round, two years after leading a $26.6m series B.
Month: November 2018
Topica Edtech studies $50m series D
CyberAgent-backed edtech company Topica has secured $50m in a series D round led by Northstar Group.
Michelin rolls out CVC fund
Michelin Ventures is in the process of closing its fourth investment and hopes to invest between $28.5m and $34m per year.
GLP helps deliver $216m to Juma Peisong
Juma Peisong has collected $216m in series C funding from investors including Global Logistic Properties to accelerate its expansion activities.
SK helps tell $266m fund tale
SK China has put $266m into a new fund launched by Legend Capital that will focus on early-stage companies in the IT and healthcare sectors.
Tuanche settles on $20m IPO
The Bertelsmann automotive e-commerce platform has priced its shares at the lower end of its range to raise $20m instead of its targeted $150m.
Bitfury joins Plekhanov university for blockchain accelerator
Bitfury and Plekhanov Russian University of Economics will pilot the program with Russian government funding.
Kanova captures $16.6m series A
Legend-backed biotherapeutics developer Kanova has secured capital from investors including Tsinghua University-managed Lotus Lake Ventures.
Payfazz packs in $21m
Tiger Global and DST Global have invested $21m in the mobile wallet developer, which already counted Telkom Indonesia unit MDI Ventures as investors.
Analysis: Large deals in East Asian e-commerce
Two large and important deals above the $1bn mark in the e-commerce and e-retail space in East Asia appeared in the news last week. Both deals involved telecoms group SoftBank as a corporate backer.
News round up 26 November 2018
A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.
IBM and Columbia matriculate blockchain accelerators
IBM Blockchain Accelerator will focus on later-stage startups, while Columbia Blockchain Launch Accelerator has been established for pre-seed companies.
Aviva nets majority stake in portfolio company Neos
Aviva has agreed to buy a majority stake in home protection platform provider backed by its own corporate venturing fund as well as Munich Re.
Happytal hatches $26m round
Axa has backed a $26..2m round for the patient gifting platform, which now plans to expand into Germany, the UK and Switzerland.