The Celgene and GV-backed small molecule drug developer floated at the bottom of its range, raising less than half the target it set last week.
Month: November 2019
Mirror exposes $34m in funding
Lululemon contributed to a series B-1 round that boosted the total raised by the home fitness system provider to $72m.
Allystar Technology raises A round
Allystar Technology company, a China-based satellite-navigation chips manufacturer, has raised hundreds of millions of RMB in its series A round from a consortium led by CMB International Capital and Gree Financial Investment.
L’Oréal finds beauty with Cathay Capital
L’Oréal, a France-based beauty company, has committed to Cathay Innovation, a global venture capital fund managed by Cathay Capital. L’Oréal said the commitment from its corporate venture capital fund, BOLD Business Opportunities for L’Oréal Development, would strengthen its connection to the beauty tech startup ecosystem, particularly in China, the group’s second largest market. Fabrice Megarbane,… Continue reading L’Oréal finds beauty with Cathay Capital
Orange opens 17th accelerator in Russia
Orange Fab, the accelerator for France-based telecoms operator Orange, has started its 17th programme in Russia. Orange Fab in Russia will be based at the Skolkovo campus and will accelerate technology startups focused on artificial intelligence, big data analytics, internet of things, next-generation network and cloud technologies. More than 400 startups have been through Orange Fab… Continue reading Orange opens 17th accelerator in Russia
Wells Fargo hires Altman for healthcare deals
Wells Fargo Strategic Capital, a corporate venturing unit of the eponymous US-based bank, has hired Rodney Altman as a managing director in its healthcare unit. Altman had previously spent eight years as an MD at Spindletop Capital’s growth equity team having earlier been a venture capitalist since the millennium at firms including CMEA Capital. His… Continue reading Wells Fargo hires Altman for healthcare deals
Germany’s Merck sets up China fund
Merck, a Germany-based healthcare company, has started a RMB100m (€/$13m) seed fund for startups in China after opening an innovation hub in Shanghai and plans for another one in Guangzhou this month. Run by Merck’s overall €300m strategic corporate venturing unit and Merck China innovation hub jointly, the new seed fund will invest between €500,000… Continue reading Germany’s Merck sets up China fund
UMG to expand from pre-seed deals
UMG Idealab, the Indonesia-based corporate venturing unit of Myanmar trade conglomerate UMG Group, will expand beyond its existing pre-seed investment strategy. UMG said it would co-invest with venture capital firms to explore investing beyond its expertise, according to news provider DealstreetAsia. UMG Idealab has backed more than 50 companies since 2015 in Myanmar, Thailand and… Continue reading UMG to expand from pre-seed deals