Four-year growth of CVC-backed rounds for AI software, power shifts to cloud providers, specialised AI emerges for sectors
Month: May 2020
Analysis: Yuanfudao raises $1bn
Edtech has benefited from covid-19 restrictions, the record high for capital in the sector was $2.4bn in 2018
Value of media rounds drops dramatically
Sector analysis: Media
What to expect at the GCV Digital Forum
Think about the features you would expect to find at a GCV event… then imagine them all in a virtual setting.
Deciding what to build, when and by whom
May 2020 issue editorial by James Mawson, editor in chief, Global Corporate Venturing
Spending correctly to save our future
The only solution is for money to prop up innovation and productivity.
SoftBank’s car crash results is still painful to watch
Softbank’s $13bn annual loss was the biggest in its history.
Discord communicates with investors over new round
Tencent and WarnerMedia-backed Discord could be valued at $3bn to $4bn in the upcoming round, having seen its user numbers recently balloon.
Facebook gives $400m for Giphy acquisition
GV and CAA Ventures have exited online GIF database Giphy in a reported $400m deal, sized at approximately $200m less than its valuation four years ago.
ADC accelerates to $233m IPO
The AstraZeneca cancer drug spinoff floated above its range in an upsized initial public offering and now has a market cap topping $2bn.
Hopper makes $70m leap
Citi Ventures-backed travel-price forecasting service Hopper has secured funding at a flat valuation after a 2018 round that reportedly valued it at $750m.
JD MRO earns $230m in funding
CPE, GGV Capital and Sequoia Capital China supplied the funding for JD.com’s industrial maintenance subsidiary at a $2.15bn valuation.
Ant Financial enters Wave Money
The digital payment service, a joint venture between Telenor and Yoma Group, has received $73.5m from Ant Financial as part of a newly inked partnership deal.
Xsight extracts $80m in Intel-led round
Xsight Labs, a semiconductor technology developer still in stealth, has secured a reported $80m in an Intel Capital-led round also featuring Xilinx.