Silver Lake and Ontario Teachers’ Pension Plan backed a round that will fund acquisitions for Verily as well as the expansion of its strategic partnerships.
Month: January 2019
BMS and Celgene combine in $74bn deal
Bristol-Myers Squibb is set to buy peer Celgene in a cash-and-stock deal that will bring together two healthcare corporate venturing portfolios.
Niantic levels up with $190m
Following reports last month that Alphabet spinout Niantic was looking to secure $200m, the augmented reality game developer has secured $190m.
ATM Capital gets deposit for $200m fund
Venture firm ATM Capital has notched up a first close anchored by 58.com and the Alibaba-headed Electronic World Trade Platform as it seeks $200m for its debut fund.
SoftBank reshuffles its CVC activities in Asia
SoftBank Ventures Korea has relaunched as SoftBank Ventures Asia with an expanded remit that will take in the US and Europe as well as the whole of Asia.
Saijou steps up to chairman at YMVSV
Yamaha Motor Ventures & Lab has shuffled its management, with Hiroshi Saijou moving to chairman and George Kellerman taking on his CEO and managing director roles.
Linlinyi links to Suning in $30m series A
A subsidiary of Suning has backed the community e-commerce platform’s series A round, with the proceeds to fund geographic expansion and enhancement of its supply chain.
Smith splits from Verizon Ventures
Executive director Mark Smith has departed from Verizon Ventures after a total of 23 years at the unit and its parent company.
Youche Yihou drives away with $29m
Existing investor Tencent returned in a $29.1m round for automotive media platform Youche Yihou, which also counts BlueFocus among its earlier investors.
Atias makes Bold move at L’Oréal
L’Oréal’s Muriel Atias has been promoted to chief investment officer of its newly created venturing unit, Bold.
Light Theto senses corporates for series B round
Existing backers Baidu Ventures and Lenovo Capital and Incubator Group contributed to a $14.5m round that will fund Light Theto’s R&D activities.
CarDekho cashes in with $110m series C
Three months after raising an initial $75m in series C funding, CarDekho has closed the CapitalG-backed round at $110m.
Zomato readies billion-dollar order
Ant Financial is set to lead a round that could value online restaurant listings and ordering platform Zomato at $3bn, while SoftBank looks to rival Swiggy.
Boston Scientific picks up Millipede for $325m
Boston Scientific has exercised its option to wholly acquire Millipede, having purchased a $90m stake in the mitral regurgitation treatment device maker last year.