Allian X has returned to back the mobile insurance provider in a fresh funding round that included fellow corporate venturing unit CreditEase Fintech Investment Fund.
Month: September 2020
Do Ventures opens doors to $28m first close
The Vietnam-focused venture firm’s maiden fund has attracted commitments from limited partners Naver, Sea and Woowa Brothers on the way to a $50m target.
Jianjia fits in series B funding
The $14.6m round was co-led by distribution partner Fosun Pharma and also featured existing investor Baidu Ventures,
Saga Robotics reaps funding
The farming automation technology producer received $11.2m in a round co-led by Rabobank’s Rabo Food & Agri Innovation Fund.
Telefónica sweeps up iHackLabs
Telefónica-owned ElevenPaths has bought cybersecurity training service iHackLabs, which received funding from Telefónica’s Wayra unit in 2018.
Dreame ups funding in series B-plus round
Xiaomi was among the participants in a round sized at approximately $14.6m that was led by venture capital group IDG Capital.
Byju’s bags $500m
The online course and tutoring provider, which counts Tencent, BCC and Naspers as investors, bumped its valuation up to $10.8bn in the round.
Grab explores $500m for financial services offshoot
Prudential and AIA are reportedly in advanced discussions to invest in Grab Financial Group, which is seeking $300m to $500m in capital.
Alkahest aligns with Grifols for $146m acquisition
Grifols agreed the deal five years after supplying $50m in equity and development financing for the neurodegenerative disease therapy developer.
Melio reveals $144m in funding
American Express Ventures has been named as an investor in business payment platform developer Melio, which just closed an $80m round that hiked its overall funding to $144m.
Thunes tunes into $60m series B
Checkout.com made its first investment in the cross-border payment platform as part of a round that will fund its expansion in emerging markets.
Singleron syncs with Eli Lilly to raise $30m
The single-cell diagnostics technology provider closed a series A round led by Lilly Asia Ventures that also featured Tencent.
Fukushima SiC Applied Engineering finds $30m
Japan Post Investment Corporation and Astellas Venture Management backed a series C round that will fund preclinical and clincical trials of the company’s radiotherapy system.
LLYC consults with Rivas for corporate venturing
Francisco Sánchez Rivas has joined the board of the communications and public affairs consultancy with a mandate to drive strategic investments and acquisitions.