SAIC Motor’s FOF Hengxu Capital subsidiary has led a round for the automotive parts manufacturer, investing alongside backers including Wenzhou Transportation, Zhucheng Yihe Axles and Qingte.
Month: August 2021
CloudPay calls on Olayan in $58m round
CloudPay plans to expand its offering of financial technology services following an investment led by Olayan Group.
Immunitas inspires investors in $58m series B
Immunitas Therapeutics has reached $97m of total funding after announcing the close of its series B round featuring more than half a dozen corporates.
GSK Next sets up healthcare incubator
Backed by one of the biggest names in pharma, the studio looks to shake up consumer healthcare markets
PhonePe closes $700m round
Flipkart’s digital payment spinout has secured the $350m second close led by Walmart and backed by Tencent and Tiger Global, valuing it in the range of $5.5bn to $5.7bn.
Nexamp tops up with $240m investment
The Mitsubishi-backed solar energy developer has attracted $240m from Generate Capital, three years after its last equity round.
Powerlist Q&A – Derek Idemoto, Cisco Investments
Q&A with Derek Idemoto, senior vice-president of corporate development and investments, Cisco
Hopper skips to $175m series G
Citi and Capital One-backed travel and accommodation marketplace platform Hopper has been valued at over $3.5bn through its series G round.
Danggeun draws in $162m for series D
SoftBank Ventures Asia and Kakao Ventures have joined a series D round that values the hyperlocal second-hand goods marketplace at $2.7bn.
SoftBank delivers $160m to PatPat
PatPat has secured SoftBank Vision Fund 2 as an investor shortly after the company earlier picked up funding from investors including SIG.
Canada Drives speeds to $78.5m series B
KAR Global was among the strategic investors helping the online car retailer expand into new regions
InfoSum adds $65m series B round
The marketing data sharing platform raised another $65m after previous backing from Akamai Technologies, Ascential, Experian, ITV and AT&T unit Xandr.
Monte Carlo secures $60m series C
Only six months after its previous round, the data reliability platform company has netted $60m with backing from Salesforce.
Kovi drives to $104m series B
Prosus Group’s corporate venture capital arm co-led a $104m series B round for car leasing specialist Kovi, which will drive a geographic expansion.