Jinmao Capital, a subsidiary of China Jinmao Holdings, joined Zhonghuijin Group in a $14.9m round for the computer vision chip producer.
Month: October 2020
Corporate venturing deal net: 12-16 October 2020
Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.
Afya takes care of iClinic purchase
SoftBank has exited the electronic health record platform through a $32.7m acquisition by medical school operator Afya.
Paystack’s exit provides fintech halo
US-based payments and lending services provider Stripe is acquiring its Nigeria-based portfolio company Paystack for reportedly more than $200m, according to the Financial Times.
Miniso manages $608m in IPO
The Tencent-backed retail chain floated well above its range in New York and its shares have risen some 40% post-IPO.
Proterra procures another $200m
The electric bus manufacturer that counts several energy companies and carmakers as investors, has bagged $200m in a round led by Cowen Sustainable Advisors.
Stripe strikes Paystack acquisition deal
Tencent and Comcast are also set to exit the African payment tool provider in a purchase by fellow investor Stripe reportedly sized at more than $200m.
Wealthsimple wins billion-dollar valuation
Allianz X returned for an $86.7m round that valued the trading, wealth management and personal finance technology producer a shade above $1bn.
Augury tracks corporates for $55m
The machine health technology provider was reportedly valued at up to $300m in a series D round featuring Qualcomm Ventures and Munich Re Venture Capital.
Menlo Micro switches from corporates to raise $44m
The Corning and Microsemi-backed electronic switch manufacturer has closed its series B round three months after GE Ventures sold its stake.
Alfred greets Greystar in $42m series C
Greystar contributed to a round that pushed the residential services provider’s overall funding to approximately $95m.
Extend looks to expand with $40m
PayPal Ventures came onboard in a series B round that will fund the expansion of Extend’s digital warranty service in addition to its team.
GV ignites Burns promotion
Terri Burns, formerly a principal at the Alphabet subsidiary, has taken up a partner role having made two Gen Z-focused investments this year.
Covid-19’s impact is ‘disruption’
Global Corporate Venturing will publish next week its October magazine and analysis by Kaloyan Andonov indicates an interesting K pattern of some experienced corporate venture capital (CVC) groups using the crisis to accelerate their investments and a record number of new entrants making their first deals while a middle tranche is doing less.