The Southeast Asian ride hailing service aims to add $2bn to a $4.5bn round that includes SoftBank Vision Fund, Toyota, Hyundai, Ping An and Microsoft.
Month: April 2019
Reliance Jio picks up Haptik
The Reliance Industries subsidiary has paid about $34m to buy out the conversational AI company’s investors, including BCC, and will invest the rest in the business.
Tonal works out $45m series C
The smart gym equipment producer doubled its total funding to $90m following a round that included the CAA-backed Evolution Media.
Corporate investors get off Hellobike
WM Motor, Fosun and Bertelsmann Asia Investments have reportedly exited app-based bicycle rental platform Hellobike as it gears up to raise money.
WeWork snaps up Managed by Q
WeWork has paid an undisclosed sum to acquire the office service provider, which is backed by GV, DivCo West and Oxford Properties.
Poshmark plans autumn IPO
The Shea Ventures-backed social fashion marketplace has hired underwriters for an initial public offering that would follow almost $150m in funding.
Mitsubishi UFJ mints $180m fund
Mitsubishi UFJ Financial Group’s MUFG Innovation Partners unit will target Japanese and Southeast Asian fintech startups, and its first portfolio company is Moneytree.
Boehringer Ingelheim regenerates Agomab
Boehringer Ingelheim Venture Fund has participated in a $23.8m round for the antibody developer that was co-led by V-Bio Ventures and Advent France Biotechnology.
FirstElement gets $24m fuel injection
FirstElement Fuel has received a total of $24m from Mitsui subsidiary Hy Solution and Air Liquide that will fund the expansion of its hydrogen fuel station network.
Vestwell gets $30m in series B funding
Goldman Sachs led the pension platform developer’s latest round, which included Allianz Life Ventures, Nationwide and BNY Mellon.
Corporates star in Chordia’s $27m series B
SMBC, Shinsei Bank, Mitsubishi UFJ and Kyoto Chuo Shinkin all backed cancer therapy developer Chordia Therapeutics’ latest round, which follows a Takeda-backed series A.
Fatima helps fertilise $20m Pakistan-focused fund
Fatima Ventures, Fatima Group’s corporate venturing unit, has joined VC firm Gobi Partners for a $20m fund intended to boost Pakistan’s startup scene.
MakeSpace to make room for $30m
Self-storage service MakeSpace is targeting $30m for its latest round having already secured funding from new strategic partner Iron Mountain.
News round up April 8 2019
A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.