Baidu’s online education spinoff is reportedly in talks over a $600m to $800m round set to value it at $6.5bn pre-money.
Month: June 2020
Vroom hits public markets in $468m IPO
The online car retailer will float in an upsized offering that represents an exit for AutoNation, having raised more than $720m in venture funding.
Legend chips in as Eswin secures $282m
Legend Capital co-led a $282m series B round for chipmaker Eswin Computing Technology which will use the money to fund R&D, recruitment and manufacturing.
Lilium levels up latest round to $275m
The air taxi developer added $35m from Baillie Gifford to a $240m first close led by Tencent in March, and is now valued above $1bn.
Akouos looks to access $100m in IPO
The hearing loss treatment developer has filed to raise up to $100m, three months after a $105m round featuring Novartis, Partners HealthCare and Pivotal BioVenture Partners.
Lemonade to pour itself on to public markets
SoftBank, Allianz, XL Innovate and GV are in line for exits after the digital insurance provider filed for a $100m initial public offering.
Oriental Land aligns itself with corporate venturing
The theme park operator launched a $27.4m fund to back domains including talent acquisition, children-centred learning and intelligent urban infrastructure.
Atom Power directs cash to series B
Rockwell Automation and existing investor ABB Technology Ventures contributed to a $17.8m round that hiked the digital circuit breaker developer’s overall funding to $23m.
SoftBank names two senior officers
Akshay Naheta and Kentaro Matsui, previously managing partners for SoftBank Vision Fund, have moved to SoftBank itself to help improve its investment tactics.
How Governments, Corporations and Universities can Work Together
One of the opening panels at the GCV Digital Forum last week covered the so-called triple helix of how corporations, governments and universities can work together. The groups prepared keynote presentations before a live discussion.
Unacademy accelerates towards series F
Tencent is among the possible participants in a round that could reportedly double the online learning service provider’s $510m valuation.
MabPlex amasses series B funds
Sunshine Insurance participated in a $70.7m round for the contract biopharmaceutical services provider that follows $59m last year.
Nano-X expands series B to $51m
The advanced body scanner developer has boosted the SK Telecom, Foxconn and Fujifilm-backed round to $51m and is now valued at about $600m.
VMware draws up Lastline acquisition deal
Barracuda Networks, Dell, Sumitomo, WatchGuard Technologies and NTT Finance are set to exit the anti-malware software developer through the transaction.