Japan-listed internet comglomerate SoftBank has reportedly invested $75m in India-based hotel unicorn Oyo to help it set up in Latin America. SoftBank invested in the newly-formed Oyo Latam through its $5bn regional fund for the continent, according to newswire Reuters. Oyo Latam is a joint venture between SoftBank and Oyo that operates more than 1,000 hotels primarily in… Continue reading SoftBank books Oyo Latam spinoff
Month: October 2020
Tencent and Legend pings QZing cash
QZing Technology, a China-based software developer, has reportedly raised “tens of millions of US dollars” from a consortium led by local internet conglomerate Tencent and computer company Legend’s corporate venturing unit. Alongside Tencent and Legend Capital in the round were Zhongguancun Longmen Fund, Oriza Holdings’ sub-fund Oriza FOFs and Xingwen Investment, according to news provider… Continue reading Tencent and Legend pings QZing cash
WBC advances with Avanse
Avanse Financial Services, an India-based education-focused financial company, has raised about $15m from World Business Capital, a US-based financial institution, according to news provider DealStreetAsia. The financing is backed by a guarantee from US International Development Finance Corporation (US DFC) under a social impact funding for female empowerment, 2X Women’s Initiative. In July, private equity… Continue reading WBC advances with Avanse
Prosus-backed Shipper acquires two
Indonesia-based logistics tech platform Shipper has acquired two companies: warehousing solutions company Pakde and local delivery startup Porter for undisclosed amounts. Shipper’s acquisition of Pakde, which is backed by TNKapital, a corporate venturing unit of local bus group, was first reported by DealStreetAsia in May. Shipper is a portfolio company of global internet group Prosus… Continue reading Prosus-backed Shipper acquires two
Semknox merges with Zoovu Boston
Germany-based product search and automated data processing company Semknox has merged with US-based Zoovu Boston, a provider of an artificial intelligence-powered conversational platform, for an undisclosed amount. In mid-2015, Semknox raised a six-figure euro amount of funding from marketing consultancy LeRoi Online Marketing, software developer Seto, High-Tech Gründerfonds (HTGF), a Germany-based corporate and state-backed early-stage… Continue reading Semknox merges with Zoovu Boston
Invetx adds to A round
Invetx, a US-based developer of protein-based therapeutics for animal health backed by strategic investors AbCellera Biologics and WuXi Biologics, has added $10.25m to its series A round, bringing the total to $25.5m. New investors include investment firms Casdin Capital and Tekla Capital Management, joining existing lead investor Anterra Capital and the corporate venturing units. In… Continue reading Invetx adds to A round
Liquid Death drinks to B round
Liquid Death, a US-based water retailer, has raised $23m in its series B round from a consortium including Convivialité Ventures, drinks group Pernod Ricard’s corporate venturing unit. Other investors in the B round included an unnamed family office, the musician known as Fat Mike and venture capital firm Velvet Sea Ventures. Liquid Death was originally… Continue reading Liquid Death drinks to B round
Intel Capital spins out Cornelis Networks
Intel Capital, the corporate venturing unit of US-listed chip and data company Intel, has invested in the $20m spinout of its parent company’s omni-path architecture (OPA) high performance fabric into a new company, Cornelis Networks. Alongside Intel Capital in Cornelis’ series A round were venture capital firms Downing Ventures and Chestnut Street Ventures. Intel launched… Continue reading Intel Capital spins out Cornelis Networks
Goldman Sachs banks on Iugu
Iugu, a Brazil-based finance automation and payment platform for small companies, has raised R$120m ($22.5m) in its series A round from a consortium including US-based investment bank Goldman Sachs. Venture capital firm Indicator Capital and Fábio Póvoa, co-founder of local internet group Movile and angel investor through Smart Money Ventures, joined the A round. Indicator Capital previously… Continue reading Goldman Sachs banks on Iugu
IONpath sees way to B round
IONpath, a US-based developer of tools to see proteins, has raised $18m in its series B round from a consortium including Bruker, a mass spectrometry company, as a new investor. Samsara BioCapital led the B round, which included prior investors Genoa Ventures, ND Capital, Paladin Partners Investments, Trancos IONpath Investors, Norwich Ventures, and Vertical Venture Partners… Continue reading IONpath sees way to B round
CCC holding company warms up with FIEE
CCC Holdings Europe, an Italy-based fund backing heating, ventilation, air conditioning and refrigeration (HVACR) companies, has added €18m from corporate- and state-backed Fondo Italiano per l’Efficienza Energetica (FIEE). Founded in 2014, FIEE, launched its Italian Energy Efficiency Fund II (IEEF II) in August with a first close of €127.5m with limited partners including European Investment… Continue reading CCC holding company warms up with FIEE
Porsche collects Rally round
Rally, a US-based platform for owners to list collectible objects, such as cars, has raised $17m from a consortium including car maker Porsche’s corporate venturing unit. Alongside Porsche Ventures in the round were sports team owner Raptor Group, venture capital firm Global Brain and angel investor Alexis Ohanian. Global Brain invested in Rally through its GB-VII… Continue reading Porsche collects Rally round
Cardiac Dimensions seals C round
Johnson & Johnson-backed surgical technology developer Cardiac Dimensions has now raised more than $172m altogether.
Koneksa marks $16m series B round
McKesson Ventures, Novartis Venture Fund and Merck Global Health Innovation Fund took part in a round for biomarker developer Koneska.