There is a nice line in TS Eliot’s Little Gidding: We shall not cease from exploration And the end of all our exploring Will be to arrive where we started And know the place for the first time. Given the democratic experiments underway in the US and UK to review how they want to be governed… Continue reading Editorial: Europe ‘pissing away’ its leadership
Month: November 2018
Corporate venturing deal net: 19-23 November 2018
Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.
Global Fashion Group changes to IPO mode
The Rocket Internet-founded e-commerce group, whose investors include Tengelmann and Access Industries, could be valued at up to $2.8bn in the offering.
Babytree nurses $217m IPO
Alibaba-backed Babytree priced its shares at the foot of its range and will raise $217m at a valuation of $1.5bn, down from $2.2bn earlier this year.
Agora soars to $70m series C
Five months after it was revealed to have backed a second close of Agora’s $50m series B round, SIG has returned to contribute to its $70m series C.
Goldwind carries LandSpace to new funding
Wind turbine producer Goldwind returned and 36Kr Fund also invested as rocket technology developer LandSpace secured $43.2m in a series B-plus round.
Kingdee kicks funding over to Xinrenxinshi
Kingdee supplied a reported $26.5m in funding for HR software provider Xinrenxinshi, taking its funding to $40m so far this year.
Juneja jumps to SoftBank investment role
Sumer Juneja has left Norwest Venture Partners after 10 years to head up Indian investments for the corporate, already an investor in Ola, Oyo and Grofers.
NGP hits eGym in $20m series D
The exercise equipment producer has received $20m in series D funding, two years after it secured $45m, with NGP Capital leading the latest round.
PlayVS hits home run with $30m
Adidas, Samsung and WndrCo have taken part in PlayVS’s $30.5m series B round, five months after the high school eSports league raised $15.5m.
NTT notches up $500m for VC fund
Norwest Venture Partners’ Vab Goel is overseeing a $500m US fund that has been closed by Japanese telecommunications firm NTT.
Tongcheng-eLong books $180m flotation
The travel booking platform, backed by Ctrip, Dalian Wanda and Tencent, has priced shares at the bottom of its range and raised $180m in its initial public offering.
Leo puts $70m into PellePharm
PellePharm has signed a $760m agreement with Leo Pharma to create therapies for skin cancers, with Leo investing $70m in a first tranche and securing an option to wholly acquire PellePharm.
Walmart hikes Flipkart stake to 81%
Walmart, which closed its $16bn acquisition of a 77% stake in Flipkart in August, has boosted its share of the e-commerce marketplace to 81.3%.