Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.
Month: November 2019
Picnic arranges $275m funding delivery
SHV Holdings,’ NPM Capital fund reinvested in online grocery retailer Picnic as part of a round that will fund construction of a huge new distribution centre.
Boss Zhipin commands nine-figure series E amount
The online recruitment portal has raised several hundred million dollars over a multi-tranche series E round in which Tencent led one tranche and backed another.
Jybd hauls in $50m
A subsidiary of Sino-Ocean Group has led a $50m series B round for Manbang-backed aftermarket automotive services provider Jybd.
Jinlong picks Clover in $43m series B
Cancer and autoimmune disease drug developer Clover Biopharmaceuticals has now raised in excess of $100m altogether, Jinrong Group backing its latest round.
ALI takes off with fresh funding
Kyocera, JR West, Mitsubishi Electric, Mitsubishi Hitachi Power Systems, Mitsui Sumitomo Insurance, Opt, Saibu Gas and Trust Tech contributed to a $21.1m round for the drone and blockchain technology developer.
SIG helps Tookitaki file series A extension
SIG Asia took part in the $11.7m second tranche of the compliance software developer’s series A round, taking it to $19.2m.
RT-Thread rotates to series B stage
Returning investor Legend Capital contributed to a $14.2m round for the IoT operating system developer that will fund research and development.
Line helps Amartha draw up $18m round
Line Ventures led an $18m round for the female-focused microlending marketplace that included fellow corporate VC vehicle UOB Venture Management.
InMobi ropes in Roposo
Bertelsmann India Investments has exited user-generated media platform Roposo in an acquisition by InMobi Group estimated to be $20m in size.
Investors dispense $220m to PharmEasy
Temasek has led a $220m funding round for PharmEasy, whose existing shareholders include Ascent Health and Wellness, Medi Assist and Manipal Education and Medical Group.
Hubert Burda returns as Vinted raises $141m
The second-hand clothing marketplace is now valued at $1.1bn, having raised money from backers including Burda Principal Investments.
Daito Trust delivers $74m to JustCo
The co-working space provider received $50m in equity financing from Daito Trust and another $24m that will be put towards a joint venture.
Techint energises $60m Animo fund
Animo Ventures has rebranded from Magnetico Ventures and launched with a $60m debut fund that has secured Techint as an anchor investor.