Azimut, an Italy-based asset manager managing about $70bn, last week acquired 30% of P101, a local venture capital (VC) firm with €200m ($240m) of assets under management.
Month: May 2021
Waterdrop mops up $360m in IPO
The Meituan Dianping, Tencent and Swiss Re-backed health insurance marketplace operator priced its offering at the top of its range.
Gojek calls in $300m from Telkmosel
Existing investor Telkomsel provided the cash as on-demand ride provider Gojek prepares to seal a merger with e-commerce platform Tokopedia at an $18bn valuation.
Jasper Therapeutics jumps at reverse merger opportunity
Roche Venture Fund and Amgen will invest in the stem cell-transplant technology developer through a reverse merger transaction which will give it a $490m market capitalisation.
Science 37 experiments with reverse takeover
The Sanofi, Amgen, Alphabet, Novartis and PPD-backed clinical trials software producer is joining forces with publicly listed LifeSci Acquisition II Corp.
AMS takes care of over $100m
Kaiser Permanente has helped the parent company of in vitro diagnostics test provider ET Healthcare and biotechnology developer Gator Bio close its latest round.
Gyroscope Therapeutics gives up $149m IPO
The Fosun-backed gene therapy developer had set terms for an offering set to raise between $135m and $149m on the Nasdaq Global Select Market.
Alebund aligns with $60m
Lilly Asia Ventures was among the investors in a series B round for the renal disease treatment developer, which it incubated in 2018.
Corporates illuminate Lightmatter in $80m series B
Alphabet, Hewlett Packard Enterprise and Lockheed Martin invested in the photonic computing technology developer’s series B round, increasing its total funding to $113m.
Analysis: Solid Power with a $130m recharge
Solid-state battery developer Solid Power secured a $130 series B round co-led by its potential customers from the automotive sector BMW and Ford Motor Company.
Yikon Genomics picks up series D funding
The genome sequencing technology provider has boosted its total funding to approximately $124m, Sinopharm and China General Technology Group having backed a $38.7m round.
Daily Deal Round Up: May 7, 2021
Funding Sary, the Saudi Arabia-based operator of a business-to-business marketplace, received $30.5m in series B funding yesterday from investors including Raed Ventures, the venture capital arm of conglomerate Almajdouie Holding, KrAsia reported. VentureSouq led the round, which also featured STV, the VC firm backed by telecommunications firm Saudi Telecom, as well as Rocketship.vc, MSA Capital… Continue reading Daily Deal Round Up: May 7, 2021
Landing the Value of Corporate Venturing
For those direct investors navigating the now more liquid private investment world having other teachers steeped in decades of insights is a gift and the GCV Institute’s Landing the Value of Corporate Venturing course next month is honoured to have many of them share their wisdom.
Bill.com decides on $2.5bn Divvy acquisition
Hanaco and PayPal are set to exit Divvy, a provider of corporate spend management software, at a 56% premium to the valuation at which they invested in January.