Toyota, SoftBank and Denso have confirmed they have agreed to invest $1bn in Uber’s autonomous driving spinoff at a $7.25bn post-money valuation.
Month: April 2019
Douyu looks to channel $500m in IPO
Tencent owns more than 40% of the China-based live game streaming platform, which has chosen New York for its initial public offering.
Global Wings reaches higher with $149m
Global Wings plans to enhance its aviation services offering with the funding, which was supplied by two affiliates of Aviation Industry Corporation of China.
Poseida posts $142m series C round
The gene therapy developer’s latest round featured a $75m investment from Novartis and was closed as it withdrew its IPO application.
Hookipa nets $84m initial public offering
Gilead Sciences, Boehringer Ingelheim and Takeda all recorded exits as immunotherapy developer Hookipa went public, floating at the bottom of its range.
Life360 to embrace $104m IPO
Life360, backed by ADT, BMW and Duchossois Group, plans to go public in Australia next month after pricing its shares for a company valuation of $494m.
CloudGenix connects with Intel in $65m round
Intel Capital took part in a series C round that boosted the wide area network technology developer’s overall funding to almost $100m.
Arrakis arranges $75m series B
Celgene and Pfizer returned for small molecule drug developer Arrakis Therapeutics’ latest round, which included GV and Wuxi AppTec Fund.
Analysis: Lemonade squeezes $300m
Telecoms fim SoftBank led a $300m series D round for insurance provider Lemonade, which also featured previous investors Allianz and GV.
Adverity adds SAP-backed series B round
SAP.io fund has participated in a $12.4m funding round that will enable the marketing software producer to expand into the US.
Bankin’ brings home new funding
Commerzbank-backed Bankin’ landed $22.6m in the round, which will enable the financial management app developer to hire 20 additional staff by the end of the year.
Fosun pedals series B investment to Xiaolvren
Fosun Infrastructure Industry Development Group provided $14.9m in series B funding that will be used to expand Xiaolvren’s electric bike charging network in China.
InDeco heads to Red Avenue for funding
The office interior decoration platform has collected $16.3m from series A and B rounds that closed in 2018, with Red Avenue New Materials among the investors.
Netcore acquires Quinto.ai after pivot
Rebel Foods has exited chatbot developer Quinto Technologies in an acquisition of undisclosed size by Netcore Solutions.