The consumer electronics producer will provide 40% of the capital for a fund partnership with the city of Yancheng sized at up to $1.45bn.
Month: August 2020
JD Health books $830m appointment with Hillhouse
Hillhouse Capital is set to supply more than $830m for JD.com’s pharmaceutical and medical services spinoff, which raised about $1bn last year.
Take-Two connects to Playdots in $192m acquisition
Mobile game developer Playdots is being acquired six years after its only funding round, a $10m series A that included Tencent.
Attabotics attaches $50m to series C
Honeywell has returned for the warehouse robotics system developer’s latest round, having previously contributed to a $25m series B round together with Comcast.
CapitaLand closes C31 Ventures
The real estate group terminated the activities of its corporate venture capital fund last year having backed six portfolio companies.
Sendle gets NRMA-backed funding delivery
Insurer NRMA returned to help the carbon-neutral courier service raise $13.7m to increase its overall funding to roughly $34m.
Tango Therapeutics takes $50m
Collaboration partner Gilead Sciences provided $20m as the cancer therapy researcher extended its overall equity funding to $165m.
TransUnion picks up Signal
Yahoo Japan has exited the customer intelligence software provider in an acquisition of undisclosed size by TransUnion following more than $78m in funding.
Xos trucks in $20m
Proeza Ventures, took part in the first disclosed round for the electric truckmaker, a strategic partner and subsdiary of fellow Proeza subsidiary Metalsa.
Form3 forges $33m round
Lloyds and Nationwide Building Society contributed to a round that pushed the payment software provider’s overall funding to $51m.
Finding a better value
The commitment of gaming and technology companies from Japan, Finland, the US and South Korea to a new India-based venture capital firm, Lumikai, is a reflection of the size of market potential but also shows up some wider trends.
MDI Ventures impresses with $500m fund
Telkom Indonesia’s latest fund will invest up to $30m in domestic digital technology developers that will be able to connect to other state-owned corporations.
D1 Capital hands $200m to Robinhood
The Alphabet and Roc Nation-backed share trading service boosted its valuation from $8.3bn to $11.2bn in the space of a month after series G funding from D1 Capital Partners.
American Express to eat up Kabbage
American Express will acquire the SoftBank, UPS, Santander and Recruit-backed business lender’s assets excluding its loan portfolio, for a reported price $350m lower than the valuation for its last round.