It is always worthwhile listening to really smart people – one of the perks of the job on Global Corporate Venturing, Global Impact Venturing (GIV) and Global University Venturing (GUV) is that basically means everyone in our network – as they engage in making the world a better place.
Month: November 2020
Merck & Co marks $2.75bn VelosBio purchase
Takeda Ventures and Chiesi Ventures are set to exit the cancer drug developer through the deal, which came after just over $200m in funding.
JW Therapeutics gets $300m in IPO
WuXi AppTec and Juno Therapeutics’ joint cancer immunotherapy venture has listed on the Hong Kong Stock Exchange.
VIPThink pipes in $180m
New Oriental returned for the educational product developer’s series C round, which was led by SoftBank Vision Fund 2.
Ronglian rings up $125m
New Oriental Industrial Fund helped Ronglian (aka Yuntongxun) close a series F round it claimed was the largest yet for a Chinese cloud communication technology producer.
Upstart undertakes $100m filing
Rakuten Alphabet and Progressive are in line for exits after the automated lending service filed to go public yesterday.
Lockwood pockets $25m in Tencent-led round
Social game developer Lockwood will use the funding to add more features to its most popular title, which has 200 million registered users.
CCCU establishes Emerging Ventures
Gregg Tushaus will manage Corporate Central Credit Union’s newly formed fintech investment vehicle, which will invest up to $400,000 per deal.
Ayar Labs caps $35m series B
Global Foundries, Intel, Applied Materials and Lockheed Martin all helped push the optical transceiver technology developer’s total funding past $60m.
ADM commits to Seventure’s health fund
Venture firm Seventure’s Health For Life Capital Fund II has received a contribution of undisclosed size from Archer Daniels Midland.
Kuzmenkov sets up Perspective Ventures
Norilsk Nickel, the world’s largest miner of palladium and high-grade nickel, has joined several peers in corporate venturing.
Kirby sets up DeepTech Labs after AV8
Miles Kirby, former managing director at Qualcomm Ventures and Allianz’s AV8 fund, has launched a UK-based accelerator and fund.
Oushu floats to Kingsoft Cloud for series B
Software provider Kingsoft’s cloud services subsidiary has led a funding round of undisclosed size for the database software developer.
Lawyers provide certainties
There are few seeming certainties in life – death, taxes and lawsuits over a US election being some.