Q&A with Xin Ma, managing director of Asia platform, TCNV
Month: February 2021
Subsector: robotics
When Jeff Bezos, founder of online retailer Amazon, announced his transition last week to executive chairman he clearly identified his future focus areas: “I will stay engaged in important Amazon initiatives but also have the time and energy I need to focus on the Day 1 Fund, the Bezos Earth Fund, Blue Origin, The Washington Post, and my other passions.”
Yuanxin organises $466m series E
Tencent co-led online health services provider Yuanxin Technology’s series E round with fellow existing investor Sequoia Capital China.
Reddit heads to $250m series E
The ‘front page of the internet’ raised the money in a Vy Capital-led round doubling its valuation to $6bn, up from a Tencent-led round two years ago.
Nexthink executes $180m series D round
Permira led the Mannai-backed work experience software provider’s latest round, the funding being raised at a valuation of $1.1bn.
Vor Biopharma forces through $177m IPO
The share price of the cellular oncology drug developer, which counts Novartis, Johnson & Johnson and PureTech Health as investors, has doubled since it floated.
Kashyap to leave M12 for SoftBank
Nagraj Kashyap is leaving his position as head of Microsoft’s M12 subsidiary to take up a managing partner role overseeing SoftBank’s Vision Funds.
Dailyhunt chases down $100m in series H
The ByteDance, Google and Microsoft-backed owner of news aggregator platform DailyHunt was valued above $1bn as of two months ago.
Terns directs itself on to public markets
The Eli Lilly-backed liver disease drug developer floated at the top of its range to raise almost $128m, following $207m of venture funding.
Powin powers up with $100m
Trilantic North America and Energy Impact Partners provided the capital for the Shunfeng Photovoltaic-backed energy storage technology producer.
Advantech activates $50m industrial technology fund
Advantech and Momenta Ventures have teamed for a fund set to invest $50m across the artificial intelligence and industrial internet-of-things sectors.
Veracyte acquires Decipher for $600m
It would have made for interesting few months for Tina Nova, a director at Nasdaq-listed genomic diagnostics company Veracyte.
Pony.ai pins down $100m
The autonomous driving technology provider has added series C-plus funding to a $376m FAW-backed round in November valuing it above $5bn.
Immunocore makes $258m impact in IPO
Eli Lilly and WuXi AppTec scored exits from the immunotherapy developer, which has seen its shares rocket 66% since it floated.