Tencent was among the returning backers in a TCV-led series F round that came after discussions with SoftBank about leading a $1bn round fell through.
Month: July 2019
OSF HealthCare boasts $75m second fund
The healthcare provider’s corporate VC unit, which has backed 15 companies and two funds, has put together a second fund that is the same size as its first.
SAIC’s CVC unit sets up $145m fund
SAIC Motor’s Shang Qi Capital unit has raised $145m for the automotive technology-focused fund, which includes Shinry Technologies, Shanghai Diesel Engine and SAIC Capital as LPs.
Synspective secures series A funding
Shimizu, Mori Trust and Fuyo General Lease have contributed to a $79.7m series A round that increased the Japan-based small SAR satellite developer’s total funding to about $100m.
Xingsheng rallies with $40m KKR investment
Tencent-backed Furong Xingsheng raised the funding at a $700m valuation and will use the cash to expand its neighbourhood-based grocery stores into additional small towns and cities.
Linkfin inks $50m series B
The big data and AI-powered automotive financing platform has secured funding in a round co-led by JD Digits and Tencent, which took part alongside Bertelsmann Asia Investments.
Kibo seeks corporates for $111m fund
Kibo Ventures will aim to lure follow-on contributions from corporate investors from its first two digital-focused VC funds, which include Telefónica Open Future and La Caixa’s CriteriaCaixa.
YY looks to play in Sandbox Network
The iDreamSky-backed online game development platform has raised $14.5m in a series B round that included strategic investor YY.
WonderPlanet wins Cool Japan funding
Cool Japan Fund invested $9.2m in the Line-backed mobile game developer, increasing its funding to more than $27m to date.
Analysis: First-time corporate investors
Since the beginning of 2018, a fifth of all corporate investors whose deals we track appear to be newcomers.
River Security streams in series C funding
Legend Capital led a $14.5m round for the internet security technology provider that came after a SoftBank-backed round four years ago.
Balena calls in GE for series B
The Soracom and Ericsson-backed software development and management technology provider has raised $14.4m in a round that included General Electric unit GE Ventures.
Mingdu mingles with Red Star Macalline in series A
Red Star Macalline has invested in drug manufacturing services provider Mingdu Intelligent as part of a round that will fund the latter’s R&D marketing efforts.
Corporate venturing deal net: 22-26 July 2019
Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.