Wipro Ventures is set to exit email security software provider Emailage in an acquisition by LexisNexis Risk Solutions, which is paying a reported $480m.
Month: February 2020
FTC parries Harry’s acquisition plans
Eight months after Grace Beauty-backed Harry’s agreed to an acquisition by Edgewell for $1.37bn, the US antitrust agency has sued to block the deal on competition grounds.
Passage Bio reaches IPO stage
The CNS disorder-focused drug developer has filed to raise up to $125m having raised $226m in funding from backers including Eli Lilly and Access Industries.
Kitopi dines on $60m
The cloud kitchen services startup boosted its overall funding to approximately $89m in a round featuring Crescent Enterprises’ CE-Ventures unit.
NGD generates $20m series C round
Orange Digital Ventures and Western Digital Capital contributed to a round that pushed the total raised by the computational storage system developer to $46m.
Xiaomi shuffles funding to Shenlanbao
Insurance assessment platform Shenlanbao has received approximately $14.3m from Xiaomi and will put the cash toward expanding its range of services.
Mach49 gets hold of Holland
After almost two decades at venture firm Foundation Capital, Paul Holland has joined Mach49, which helps launch and run corporate VC funds, as a managing director and VC-in-residence.
Foreign investments in the US webinar
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SBI to add $920m 4+5 Fund
The financial services provider aims to secure some 200 limited partners for a vehicle that will meld industry 4.0 technology with Japan’s Society 5.0 initiative.
Qorvo catches Decawave in $400m deal
LG and ST Electronics are set to exit indoor positioning technology producer Devawave in an acquisition by Qorvo reportedly sized at $400m.
Moda Operandi completes $100m mission
The Advance Publications, LVMH and IMG-backed e-commerce platform has added $100m in equity and debt financing to its coffers, bringing its overall equity funding to $345m.
iFlix forsakes IPO for more fundraising
The online streaming platform is seeking a reported $50m from existing investors that include JTBC, Yoshimoto Kogyo, MNC, Liberty Global, Sky, PLDT, Zain Group and Hearst.
Yamasa helps balance The Bouqs with $30m
The online flower delivery service plans to now expand into Japan, after a $30m investment by conglomerate Yamasa that took its overall funding past $73m.
Kakao spies Spatial for $14m series A
Kakao Ventures co-led a round that also featured Baidu Ventures, LG Ventures and existing backer Samsung Next, taking the 3D collaboration platform developer’s total funding to $22m.