Coupa has unveiled an investment vehicle dedicated to the business spending management sector and disclosed its first two investments.
Month: June 2021
Iksuda seals $47m in funding
IP Group sold a $5m stake to biopharmaceutical company Celltrion as part of a series A round for oncology therapy developer Iksuda.
Uncle Nearest drinks to $50m investment vehicle
The whisky brand’s Uncle Nearest Venture Fund will back minority-founded spirit companies and it has already invested in Equiano and Jack From Brooklyn.
CapitalG appoints three vice-presidents
Nina Gerson, Jamie Rosen and Jeremy Zhu have all stepped up after conducting a number of deals on behalf of Alphabet’s growth equity subsidiary.
Citi Impact Fund reaches five more
Citi has now invested in Greenwood, MoCaFi, Moving Analytics, OhmConnect and Sweeten through its $200m Impact Fund.
Zhuan Zhuan subsidiary Caihuoxia collects $45m
The 58.com and Tencent-backed Zhuan Zhuan has pulled in series A funding for its business-to-business platform, which is valued at $140m.
99 Minutos nails down $40m in series B
Prosus has joined Kaszek Ventures to invest in the last-mile delivery service, which already counted Engie Factory as an investor.
Analysis: Etsy acquires Depop
Etsy is acquiring the Gen Z-focused social commerce platform Depop, giving an exit to Lumar. The transaction and its large size may be indicative of a potential momentum for exits from emerging enterprises in this space.
Daily Deal Round Up: June 4, 2021
Airbus-backed space mapping software provider LeoLabs closed a $65m round while Qualcomm took part in supply chain technology developer Locus’s series C funding.
Stablix surfaces with $63m series A
Alexandria Venture Investments has contributed to the debut round for newly launched protein therapeutics startup Stablix Therapeutics.
Toyota Ventures gets refueled with $300m
The newly rebranded Toyota Ventures will split the cash between its Toyota Ventures Climate Fund and Toyota Ventures Frontier Fund.
Gong makes noise with $250m series E
Salesforce Ventures has returned to back the sales analytics technology developer’s latest round, which brought its overall funding to $584m and valued it at $7.25bn post-money.
Corporates help add $110m for Alation
The data management software producer was valued at $1.2bn in a round that included Snowflake Ventures, Salesforce Ventures and Dell Technologies Capital.
Flink links with Prosus in $240m round
Less than a year old, the rapid grocery delivery service has secured $240m in a series A round co-led by Naspers-founded Prosus.