The Ikea, Sumitomo and The Andersons-backed pest control product supplier has closed new funding, in a round led by Ospraie Ag Science.
Month: September 2019
Volocopter reaches first close of series C
The Intel and Daimler-backed air taxi developer secured $55.2m in a tranche led by Geely Holding and intends to reach a final close later this year.
Reefknot ties up $50m fund
Kuehne + Nagel and Temasek’s joint investment venture has launched with its first fund, to back logistics and supply chain technology startups.
ByteDance spins Baike acquisition wheels
ByteDance has revealed it bought online information portal Baike just two weeks after it bought a 22.2% stake in the company.
Eggleston leaves BGF for Pantheon
John Eggleston has departed from his position as head of the tech sector for BGF in order to take up the chief technology officer role at Pantheon Ventures.
Analysis: Dream11 to sleep on $500m deal
Fantasy sports platform Dream11 is reportedly aiming to raise a round sized at $500m to be backed by several corporate investors. The company is part of the broader gaming and eSport space which has seen growth recently.
L’Oreal sits with Fireside Ventures
Venture capital firm Fireside Ventures has received a commitment from L’Oreal for its second fund, which has targeted $100m for a final close.
GMS mobilises $16m in series D funding
Credit Saison, Ogaki Kyoritsu and Nippon Care Supply took part in a Denso-led round that increased the automotive loan provider’s overall funding to nearly $35m.
Corporate venturing deal net: 2-6 September 2019
Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.
Getaround goes for $200m
Peer-to-peer car rental provider Getaround is reportedly set to raise $200m to follow $396m from investors including SoftBank, Shanghai Automotive, Toyota and Cox Automotive.
Sumitomo Dainippon slips into Roivant in $3bn deal
Sumitomo Dainippon Pharma will acquire at least 10% of Roivant in addition to its interest in five pharmaceutical subsidiaries through the deal.
Xiaoshouyi meets Tencent for $120m series E
Returning investor Tencent provided another $120m for the CRM software provider, which has now received $208m since it was founded.
Repare wraps up series B round
Celgene-backed Repare Therapeutics secured $82.5m that will support the entry of its first cancer drug into clinical trials.
Happy Money taps Cuna Mutual to raise $70m
The finance management tool provider has now secured more than $140m altogether, following a series D round led by Cuna Mutual unit CMFG Ventures.