Huawei’s cloud computing subsidiary will underpin an Asia Pacific-focused deep tech accelerator with funding and access to resources.
Month: August 2020
Freebird lands at Capital One
American Express Ventures and Citi Ventures have exited flight insurance software developer Freebird in an acquisition by Capital One.
One Concern samples $15m from Sompo
The disaster prediction platform developer has signed a multi-year agreement with insurance firm Sompo Holdings, which had already backed its series B round.
Analysis: Summer IPO line-up
As the month of August draws to a close, last week we reported several initial public offerings (IPOs) which are lined up for the coming weeks along with some notable ones that have already taken place.
Fondeadora finds Gradient for $14m series A
Gradient Ventures led the Mexico-based neobank’s series A round, which increased its overall funding to $18m.
Challengermode wins $12m
Telia Ventures and Alibaba’s eWTP Innovation Fund helped esports platform developer Challengermode boost its total funding to $18m.
MURC Leap Over opens calls for fourth edition
The four-month accelerator programme operated by banking group MUFG’s research subsidiary has begun accepting submissions by startups focusing on post-pandemic realities.
OPM Biosciences obtains series B cash
The medical research services provider received nearly $43.5m in a round that came seven months after an investment from China Life Private Equity.
Corporate venturing deal net: 24-28 August 2020
Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.
SP Ventures spots corporates for $50m fund
The Brazil-based venture firm has secured BASF and Syngenta Ventures as limited partners as it reaches a $17.2m close for an agritech fund with a $50m target.
Aramco latest in energy sector leadership changes
Majid Mufti has left as CEO of Saudi Aramco Energy Ventures (SAEV), the corporate venturing unit of the world’s largest oil and gas company, to be replaced by Mahdi Aladel.
Warby Parker reveals $245m in new funding
The American Express-backed eyeglasses e-commerce platform has increased its valuation from $1.75bn to $3bn following series F and G rounds.
Fastly picks up Signal Sciences for $775m
O’Reilly’s OATV vehicle will exit web cybersecurity software provider in a deal consisting of $200m in cash and $575m of Fastly stock.
Viva Republica coins $173m round
The Novel, PayPal and Qualcomm-backed finance management app developer has boosted its valuation to $2.6bn and its overall funding to $530m.