Q&A with Aldi Adrian Hartanto, vice-president of investments, MDI Ventures
Month: December 2020
Group14 loops to $17m series B
SK Materials led the consortium for battery anode materials producer Group 14 latest round, which follows a corporate-backed round just over a year ago.
Vetreska sets $20m series B round
SIG Asia-backed pet lifestyle goods provider has secured funding in a round led by ClearVue Partners with the aim of driving international expansion.
Medbanks cranks out $305m round
Tencent co-led a series E1 round for the cancer drug development services provider, which counts China Electronics Corporation and Ping An as earlier investors.
IBM to brings Nordcloud into its orbit
OP Corporate Bank will exit with the cloud implementation services provider in a purchase by IBM following more than $26m in debt and equity financing.
Upstart upgrades IPO to $276m
Rakuten, Progressive and Alphabet-backed online lending platform Upstart has closed its initial public offering, its share price having more than doubled since it floated.
Creditas creates space for $255m
SoftBank’s Vision Fund I and Latin America Fund returned for a round that hiked the online lending platform developer’s valuation to $1.75bn.
Poshmark pushes towards $100m IPO
Shea Ventures is in line for an exit after the fashion e-commerce marketplace filed to raise up to $100m in its initial public offering.
Bark sounds out $1.6bn reverse merger
The Bertelsmann and CAA-backed dog product supplier will secure a New York Stock Exchange listing and $200m in PIPE financing.
Amgen adds capital to DJS Antibodies
Amgen has participated in an $8.4m round for the antibody therapeutics developer, which aims to tackle chronic kidney disease.
Sber500 pins up third accelerator batch
The Sberbank and 500 Startups-driven programme is extending its geographic remit beyond Russia as it prepares to receive applications for its third cohort.
Superpedestrian soars with $60m
Citi Impact Fund helped supply $60m to help smart scooter provider Superpedestrian hike its overall funding to about $140m.
Transverse helps fork over $15m for Foresight
Insurance provider Transverse joined Blackhorn Ventures to invest $15m in commercial insurer Foresight earlier this year.
CVC in 2020: The Trends, Part One
The IPO boom was helped by the emergence of Shanghai’s Star market and the trend for reverse mergers, while corporate venturers were increasingly looking outwards.