Business optimisation platform developer Farmer’s Business Network was reportedly valued at $1.75bn in the round, which included long-term backer GV.
Month: August 2020
Kymera carries itself to $100m IPO filing
Pfizer, Sanofi, Vertex Pharmaceuticals, Merck & Co and Amgen are in line for exits after the immunotherapy developer filed to go public.
Apple catches Mobeewave in $100m deal
Samsung, Mastercard and Sberbank have exited the mobile payment app developer in a purchase reportedly sized around the $100m mark.
Lemonaid gets $33m top up
Existing investor Hikma Ventures returned for a series B round that came amidst increased demand for Lemonaid’s remote healthcare services.
Tata takes $30m to Biocon Biologics
Biocon’s biosimilar subsidiary is valued at $3.5bn in the deal, which will involve Tata Capital acquiring a stake sized at under 1%.
Tiantu Capital nets Nestlé as cornerstone investor
Nestlé is the main backer of the consumer investment firm’s latest fund, which has a $150m target for its final close.
Corporates join New Community Transformation Fund
Mercantile Bank, BoABank of America and Spectrum Health have all backed the diversity-focused fund, which is targeting a $25m final close.
Nengyuanhui nabs series A-plus funding
Business-to-business petroleum marketplace Nengyuanhui has now raised more than $29m in total, with 51zhaoyou backing a round sized at about $14m.
Italy turns towards innovation
Italy was one of the first European countries to be hit hard by the covid-19 disease as the coronavirus swept the world and it seems to have helped spark a growth mindset among its leaders to catalyse its innovation capabilities through venture.
SenseTime speeds towards $1.5bn
The image recognition technology provider backed by Alibaba, Dalian Wanda, Suning and Qualcomm, reportedly expects to raise the cash at a $10bn valuation.
Xiaopeng expects to raise another $300m
The electric vehicle producer is adding $300m to an initial $500m in series C-plus funding as the Alibaba, Foxconn, UCar and Xiaomi-backed company gears up for a US listing.
Tongcheng Life links up with Linlinyi
Bertelsmann, Joyy and Tencent-backed group buying platform Tongcheng Life has joined forces with Suning-backed peer Lininlyi in a deal that involved a nine-figure dollar investment.
Auto1 parks $300m in its account
The SoftBank-backed automotive e-commerce company secured convertible note financing in a round co-led by Farallon Capital Management and Baupost Group.
Stic Investments to kick $200m over to Grab
The private equity firm will join investors in the on-demand ride service including SoftBank, Toyota, Hyundai, Kia, Qunar, Booking.com, Central Group, Yamaha, Microsoft, Didi and Ping An.