Tencent led a round that valued the Condé Nast-backed online social forum at $3bn post-money as it seeks to boost its advertising revenue.
Month: February 2019
Zilingo struts away with $226m
The fashion e-commerce platform is reportedly valued at $970m following a series D round featuring existing corporate investor Burda Principal Investments.
Haihe Biopharma greets corporates to raise cash
CSPC Pharmaceutical Group and Daehwa Pharmaceutical both invested in a round that will be used to take Haihe’s anti-tumour therapies further down the clinical path.
Nav nabs series C funding
Goldman Sachs has led the business financial management platform’s $44.8m series C round, which included existing investors Experian and CreditEase’s corporate venturing units.
Siegel seeks out board position at Illumina
GE’s chief innovation officer and GE Ventures’ CEO, Sue Siegel, has been appointed by Illumina to sit on its board of directors.
Hinge completes Match union
Match Group, which acquired a 51% stake in CAA-backed dating app Hinge last summer, has purchased the remaining shares in the business.
Soocas brushes up on funding
Xiaomi-backed smart toothbrush producer Soocas Shenzhen Technology has received almost $30m from investors including Fosun-founded Kinzon Capital.
Arm and Avery Dennison stay Pragmatic
The flexible electronics maker once known as Pragmatic Printing has retained the interest of Avery Dennison, Arm and CIC in a $16.7m round that took its total funding to $46.8m.
NuVera veers toward $15m
The General Electric-backed medical device developer has reached a first close of a $15m round that was led by Cormorant and backed by Lilly Asia Ventures.
UL takes a risk on KenSci in $22m round
UL Ventures’ parent company will offer assistance in growth and compliance to the healthcare risk assessment platform developer, which has just raised series B funding.
AirAsia invites passengers on to investment fund
The airline operator’s Redbeat Ventures unit is seeking limited partners for a corporate venturing fund that will be anchored by the corporate.
Mandiri Capital makes for external backers
Bank Mandiri’s corporate venturing unit is seeking $50m to $100m for a second fund and is targeting LPs outside the company.
SoftBank Vision Fund delivers $940m to Nuro
Nuro has already begun trialling its self-driving delivery vehicle and will use the funding to move into new cities and further develop the technology.
Tradeplus24 raids corporates for $119m
Six Fintech Ventures led a series A round consisting of debt and equity that included fellow corporate venturing units Berliner Volksbank Ventures and Credit Suisse Entrepreneur Capital.