SoftBank has dropped plans to buy a majority stake in WeWork, instead supplying $2bn of equity funding at a $47bn valuation.
Month: January 2019
Byton bids to raise $500m
Months after raising $500m in an FAW and Contemporary Amperex-backed series B round, the electric car developer is seeking another $500m before it floats.
Corporates help Schrödinger score $85m
Schrödinger raised $85m from investors including WuXi AppTec and GV and will use the money to expand the capabilities of its drug discovery software.
Kang Sheng completes $100m series C round
Ping An, Samsung, CLP, Tasly and Health 100 have all taken part in a series C round for the diabetes management technology provider.
Alibaba recruits Data Artisans in $103m acquisition
Intel Capital and Tengelmann Ventures are set to exit data processing technology developer Data Artisans, having backed its $6.3m series A round.
Sanofi hands $91m to Biontech
Biontech has received $91.5m in equity funding as part of the extension of a deal to develop a cancer immunotherapy candidate with Sanofi.
Miaoshou Doctor fulfils $73m funding prescription
The online pharmaceutical distributor has secured $73m in a series C-plus round that follows a Tencent-led round last April.
Sophia Genetics generates $77m
Generation Investment Management has led the Swisscom-backed genomic testing platform developer’s latest round, boosting its overall funding to $140m.
Gousto orders in Unilever for new funding
Unilever was among the existing investors that supplied $22.9m for meal kit provider Gousto, increasing its funding to about $100m to date.
Baicells connects to Qualcomm in series B-plus round
The Century Internet-backed broadband network technology provider has raised $14.6m in a round led by Qualcomm Ventures.
Fund in the News: National Grid Partners
NGP’s Lisa Lambert has spoken to Global Corporate Venturing about the unit’s investment parameters, the need for disruptive investments in the energy sector and the priorities when hiring for a new corporate venturing fund.
Tokyo Century takes Grab investment to $175m
Tokyo Century has now invested a total of $175m in Grab, helping to boost the ride hailing service’s ongoing series H round to more than $3bn.
Boom Supersonic smashes series B with $100m
Ctrip and Japan Airlines-backed supersonic aircraft developer Boom has completed a $100m series B round that brought its total funding to more than $140m.
Ribon ties up $65m series B
Novartis Venture Fund has led a round announced as Ribon Therapeutics came out of stealth, with Celgene, Johnson & Johnson Innovation – JJDC and Takeda Ventures also investing.