Suning has joined forces with Yunfeng Capital, the private equity firm co-founded by Alibaba founder Jack Ma, committing up to $210m to a fund that is targeting a $2.5bn close.
Month: May 2019
Neural Analytics nets $22m
TigerMed-backed brain monitor developer Neural Analytics boosted its total funding to $66m in a series C round led by existing investor Alpha Edison.
SoftBank passes $419m to PayPay
PayPay, the mobile payment platform launched by SoftBank and Yahoo Japan last July, has received $419m in additional funding from the former.
Intel managing director Larson to retire
Intel Capital vice-president and managing director Keith Larson has announced his retirement, ending a career at the unit that spanned more than 22 years.
GoBear gets its paws on $80m
The financial comparison platform has received a total of $80m to date from investors including Aegon, at least $30m of which was secured in 2019.
VTS heats up with $90m
Brookfield Ventures led the leasing and asset management platform’s series D round, investing alongside Tishman Speyer and GLP.
Pfizer feels its way to $340m Therachon acquisition
Therachon, which had raised $100m from investors including Pfizer Ventures and Novo, has agreed to be acquired by Pfizer in a deal that could potentially reach $810m.
Verve Therapeutics pumps in series A funding
GV led a $58.5m round for the heart disease drug developer, which came in the wake of a partnership with another Alphabet subsidiary, Verily.
Flexe collects $43m in series B round
Prologis took part in a round for the warehouse rental service that was co-led by Activate Capital and Tiger Global, boosting its funding to more than $63m in total.
Course reaches Shell Ventures
One of GCV’s 2019 Rising Stars, Andrea Course, has left her venture principal position at Schlumberger to take on the same role at Shell Ventures.
FIS Fintech Accelerator finalises fourth cohort
FIS Fintech Accelerator has chosen 10 fintech startups to join its fourth annual 12-week program, where they will receive advice from industry experts as well as seed funding.
Unshackled Ventures unsheathes $20m second fund
Bloomberg has backed Unshackled Ventures, which facilitates the launch of companies by migrants and immigrants in the US, helping it reach a $20m close for its second fund.
Target locates startups for 2019 accelerator
Nine startups will each receive $120,000 from Target and Metro through their accelerator, while eight more will get $10,000 through the Target Incubator.
Medlife makes a move for Myra
Bennett, Coleman & Co has exited online pharmacy Myra and will receive shares in its new owner, Medlife, as part of the acquisition deal.