The SiBionics-backed heart disease device developer secured $28.4m in a round led by SDIC Gaoxin Industrial Investment.
Month: April 2020
Ninja Van collects $124m
Grab, Intouch Holdings, Carmenta and GeoPost all contributed to a series D round raised at a $590m valuation over the past year, alongside $89m in convertible debt financing.
ProLogium produces $100m series D
Carmaker FAW Group joined Bank of China subsidiary BOCG Investment to provide $100m for lithium ceramic battery provider ProLogium.
CargoX loads up $80m
LGT Lightstone has led an $80m series E round for online logistics marketplace CargoX, adding to $96m in earlier capital from investors including Qualcomm and Ability Logistics.
Alibaba puts $50m into BigBasket
The e-commerce firm is reportedly investing in online grocery service BigBasket as part of a $60m round at a valuation of up to $1.3bn.
Bugcrowd bags $30m in series D round
The Salesforce-backed, crowd-focused cybersecurity services provider has now raised $80m altogether, VC firm Rally Ventures leading its latest round.
Porter picks up series D funding
On-demand delivery services marketplace Porter has attracted $18.2m from Lightstone Global Fund, coming after Mahindra & Mahindra invested $10m two years ago.
Analysis: Corporates take Podium for $125m round
Corporates Recruit and Alphabet have backed the series C round of Podium, which reportedly valued the customer engagement platform at about $1.5bn. This is one of the most notable deals in the digital marketing and adtech space, which has seen consistent corporate-backed deal flow in the past decade.
Vedantu passes series C1 test
Legend Holdings contributed to a $12.6m round that boosted the total raised by the TAL Education-backed online tutoring provider to more than $83m.
Nykaa nicks funding from Steadview Capital
The TVS and Max Group-backed cosmetics e-commerce platform has received $13.3m from Steadview despite shutting down during the coronavirus pandemic.
Neat nets $11m in series A round
Visa and MassMutual Ventures Southeast Asia were among the participants in a round that lifted cross-border financial services company Neat’s overall funding to $16m.
Banks plant first series C tranche for Investree
The online lending platform raised $23.5m for the first close of a series C round that was co-led by BRI Ventures and MUFG Innovation Partners.
Corporate venturing deal net: 6-9 April 2020
Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.
Tengelmann takes off from Metoda
Maxburg Capital Partners paid an undisclosed amount for retail analytics provider Metoda, whose exiting investors included Tengelmann vehicle TEV.