“WeWork’s Bonkers IPO,” said Fortune’s daily newsletter. “The Weirdness of WeWork’s IPO Filing”, sister publication CEO Daily called it, adding: “If a recession is coming, the WeWork IPO filing… will be a fitting capstone for the peak.”
Month: September 2019
The summer reset points to a new ‘on’ status
Summer breaks (for readers in the northern hemisphere) are a good opportunity to reflect and do something different, the human equivalent of switching the computer off and on again.
Zhuge hosts corporates for series C1 round
Property marketplace Zhuge tapped existing backer Fosun RZ Capital in a $14.1m round that boosted its overall funding to $50m.
Corporates help Duobaoyu cover series B round
PDDai and Bertelsmann Asia Investments invested as part of a round bringing the online insurance consultancy’s overall funding to more than $41m.
GA helps build Digital Base
Digital Base Capital has attracted a commitment from GA Technologies as it seeks to promote the property technology sector in Japan.
Joonko juggles $11m in seed round
Corporates Ping An and Raisin have invested in Joonko, a financial services comparison portal launched by Ping An portfolio company Finleap.
Plaid places new corporates among investors
Mastercard and Visa have provided an undisclosed amount for Plaid, which was valued at $2.65bn as of a $250m round in December.
Terafunding befriends investors for $18m
Peer-to-peer lending platform Terafunding has revealed a series B round closed last month backed by Woomi Construction, Hana Ventures, and IBK Industrial Bank.
Metrological forecasts Comcast acquisition
Comcast has reportedly purchased over-the-top video platform Metrological, providing an exit to Liberty Global.
Sovereign wealth funds cool on Vision Fund II
Public Investment Fund and Mubadala, which put up a total of $60bn for the first Vision Fund, are reportedly looking to downgrade their exposure to the second vehicle, as We Company postpones its IPO.
CMR Surgical completes $240m series C operation
ABB-backed surgical robotics developer CMR raised the cash at a reported valuation in excess of $1.2bn and has now secured $386m in total.
Investors part with $151m for Element AI
Hanwha Asset Management was among the investors in the latest round for the AI software provider, whose earlier backers include Tencent, Intel, Microsoft and Nvidia.
SpringWorks leaps on to stock market
Pfizer spinoff Springworks, which also counts GlaxoSmithKline as an investor, secured $162m in an initial public offering that followed $228m of funding.
AutoX steers $100m series A to its conclusion
Returning investor Dongfeng Motor joined an Alibaba-run fund in autonomous fleet developer AutoX’s latest round, which will fund the addition of extra vehicles to its offering.