Comcast Ventures has formed an early-stage vehicle to back consumer technology developers, investing between $500,000 and $2m per deal.
Month: May 2020
Validus validates $20m series B-plus
The peer-to-peer lending platform secured the backing of Kuok Group and existing investor Siam Cement Group to bring its lifetime funding to $40m.
Haoxinqing hauls in $17m series A
6 Dimensions Capital led a round for mental health treatment portal Haoxinqing that will go to expanding the latter’s R&D and partnership activities.
Deliv reaches Target for acquisition
Same-day goods courier marketplace Deliv, whose backers include Google and Westfield, is expected to close after moving its assets and some staff over to Target.
Shiprocket takes off with $13m series C
E-commerce supply chain business Shiprocket secured the return of Bertelsmann India Investments in a round earmarked for product development, recruitment and overseas expansion.
Lengo lets in $15m
Biopharmaceutical firm Jubilant Life Sciences has licensed molecules with potential to fight cancer to a new venture formed with Frazier Healthcare Partners.
Powering the future
For those fascinated by charts of coronavirus expansion at various infection rates over the past few months, here is a more positive one.
Vroom puts IPO plans in motion
Vroom, the AutoNation-backed used car marketplace that completed a $254m series H round last December, has confidentially filed for an initial public offering scheduled for next month.
Kopi Kenangan brews $109m series B
Kunlun has contributed to a $109m series B round for Kopi Kenangan that will allow the Indonesian coffeehouse chain to launch new products as well as expand nationally and overseas.
Lehe Food tucks into $56m series C
Lehe Food has secured the return of Meituan Dianping’s DragonBall Capital with an eye on expanding its food distribution and supply chain business.
Owkin pulls in series A extension
Medical data aggregation tool developer Owkin increased its series A round to $52m after an extension backed by existing investors GV, Eight Road Ventures and F-Prime Capital.
Symend attends to $52m round
Telus Ventures has placed a bet on debt recovery software developer Symend in a round bringing the latter’s lifetime funding to $60m.
M17 switches on series D funding
Asia-focused live streaming service M17 Entertainment raised $26.5m from investors including Kaga Electronics and ASE Global, two years after an aborted IPO attempt.
Conga and Apttus join forces
Salesforce Ventures’ documentation software investment Conga is to merge with Apttus in a bid to further extend its product offering following three acquisitions by the business in 2018.