While the US awaits its next wave of $1bn flotations after ride-hailing platform Lyft’s filing for an initial public offering (IPO) at between $20bn to $30bn in market capitalisation this month, its Chinese counterparts have spent the past 18 months taking to the public markets. About a quarter of the estimated 125 Chinese unicorns –… Continue reading Editorial: Blessing of Chinese unicorns for world’s markets
Month: March 2019
Corporate venturing deal net: 4-8 March 2019
Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.
Gilde raids Rabobank to close $225m fund
Rabobank has contributed to Gilde Healthcare’s third private equity fund, which will focus on established and profitable businesses in the Benelux and Dach countries.
WM Motor moves to $446m series C
Electric vehicle producer WM Motor has received $446m in a Baidu-led round that will be used to enhance its core technology and drivng experience.
Friday rides investor interest to $128m
Digital insurance startup Friday has pulled in funding from majority shareholder Baloise as well as SevenVentures and German Media Pool.
Matterport maps out $48m round
The 3D modelling technology developer is reportedly looking to raise additional growth funding after collecting $48m in a Qualcomm-backed round.
Pie covers series B with $45m
Commercial partner Sirius has reinvested in the worker’s compensation insurance startup as part of a series B round that will fund geographic growth.
Fictiv moulds $33m series C round
Intel Capital and Mitsui participated in a $33m series C round for Fictiv, boosting the contract manufacturing platform’s overall funding to $58m.
Seventure completes first step to $225m fund
Health for Life Capital II has achieved its first close thanks to commitments from strategic partners Danone, Novartis, Lesaffre, Wright Medical, Unicéréales and Bel.
Dailyhunt seeks out $173m from next round
The Bytedance-backed news aggregator is looking to raise up to $175m in funding from investors including Goldman Sachs at a reported valuation of up to $650m.
UCB Ventures hires M Ventures’ Irurzun-Lafitte
Alicia Irurzun-Lafitte has departed from a principal position at M Ventures for a partner role at another pharmaceutical firm’s corporate venturing fund, UCB Ventures.
Ehang edges towards $500m IPO
The Shanghai International Group-backed drone maker is reportedly looking to raise between $400m and $500m in a US initial public offering later this year.
SoftBank shows off $5bn Latin America fund
The corporate has made a $2bn anchor investment in SoftBank Innovation Fund, which will target digitally-focused portfolio companies across the region.
GLP helps ship $104m to Zongteng
Logistics company Global Logistics Properties has co-led a series B round for Zongteng, a cross-border logistics services provider, with Cathay Capital.