Alphabet-backed vegan burger producer Impossible will use the funding, secured at a $2bn valuation, to increase production capacity.
Month: May 2019
ETechAces champions $152m
SoftBank Vision Fund has led a $152m first tranche for financial comparison service ETechAces’ latest funding round, which also included fellow corporate Info Edge.
JG Summit pages startups with $50m fund
The conglomerate’s strategic fund will invest up to $10m in Southeast Asia-based companies at series A and B stage, and already has three portfolio companies.
Nabard sows $99m for investment fund
Nabard’s food, agriculture and rural development-focused investment vehicle, Nabventures, has reached its first close and has a ceiling of nearly $100m.
Life360 revolves to $105m IPO
ADT, BMW and Duchossois Group have achieved exits after people-tracking app developer Life360 became one of the few US-based companies to float in Australia.
Axcella accepts public listing
Metabolic therapy developer Axcella Health has priced its shares at $20 each in an offering that enabled Nestlé Health Science to exit.
Universal Display lights up venture arm
Josh Epstein has come over from investment bank Stifel to head up the OLED display and lighting technology producer’s newly launched UDC Ventures vehicle.
Vedanta holds nerve to grow series C
JSR and SymBiosis took part in an $18.5m series C extension for PureTech spinoff Vedanta, growing the Bristol-Myers Squibb and PureTech Health-backed round to $45.5m.
Telkom Indonesia and Singel launch $40m fund
Telkomsel’s newly formed Telkomsel Mitra Inovasi vehicle has launched a $40m fund in partnership with sister unit MDI Ventures and fellow corporate venturer Singtel Innov8.
Mastercard onboards Transactis
Arange of financial services firms, payment processors and fintech providers are set to exit the electronic billing software producer in an acquisition by Mastercard.
JD.com gees up $1bn for healthcare spinoff
JD.com has secured CICC Capital, Baring Private Equity Asia and CPEChina Fund for a series A round expected to value its healthcare spinoff at $6.9bn.
Greensill leans into $800m Vision Fund investment
SoftBank Vision Fund is investing $800m in Greensill, a platform that provides working capital to businesses, at a reported $3.5bn valuation.
CEC electrifies Qianxin with $542m
Qihoo 360 spinoff Beijing Qianxin Technology has received approximately $542m from China Electronics Corporation at a valuation of $2.4bn.
Pulmonx pulls in $65m
The Posco-backed pulmonary device maker has collected $65m in an oversubscribed round led by Ally Bridge Group, taking its equity funding to $135m to date.