August 2021 – Page 6

DriveWealth woos investors in $450m series D

DriveWealth has been valued at $2.85bn in a series D round featuring Softbank Vision Fund 2, Citi Ventures and FTX.

With backing from Tencent, the online real estate platform has pushed its series E round to $420m.

Siemens-backed software consultancy ThoughtWorks has announced its intention to float on the Nasdaq Global Select Market.

SIG could exit recruitment software developer iCims through an initial public offering later this year.

Metanet’s cloud integration subsidiary is getting a $100m boost to accelerate its offerings and expand its footprint.

The co-working space provider secured additional capital from Daito Trust to further expand across Asia Pacific.

Cryptocurrency exchange Coinbase’s corporate venturing arm is among the investors set to boost the payment platform’s expansion.

Over the past few years, roughly a fifth to a quarter of all corporate investors whose deals we track appear to be newcomers.

M12 backed three deals in recent days, including a $50m series D round for Split.io that also featured fellow corporates Atlassian and ServiceNow.

The Nio and Xiaomi-backed EV charging platform has added another tranche to its series E round, bringing it to $608m.

Apollo has been valued at over $1.5bn after raising funding from investors including Siemens’ Next47 unit.

ThunderSoft-backed Shukun Technology has revealed fresh funding as it looks to develop its AI technology.

With backing from Ford and unnamed corporates, the mobility-focused venture capital firm has closed its third investment vehicle.

The Amgen-backed neurodegenerative disease treatment specialist is set to fund new medical studies.