UOB and the venture firm’s joint vehicle has reportedly reached a first close sized at more than half its ceiling and is on its way to a final close later this year.
Month: October 2021
Aviva revives Founders Factory alliance
The insurer has pledged $13.5m to startup accelerator and incubator Founders Factory through a partnership modelled after a similar five-year initiative in 2016.
Daily Deal Round Up: October 13, 2021
Singtel Innov8 is set to exit cybersecurity technology developer Bitglass in an acquisition deal while Nio Capital contributed to marketing software developer Whale’s $50m series B round.
Celsius Network transacts $400m in funding
WestCap and Caisse de dépôt et placement du Québec co-led a round valuing the Tether-backed crypto lending platform developer at over $3bn.
Munich Re Ventures introduces $500m Fund II
The reinsurance provider’s corporate venturing arm is bolstering its portfolio development activities alongside the launch of its latest fund.
Plume nets $300m at $2.6bn valuation
SoftBank helped the internet communication software developer secure $300m in a round which brought the company’s overall funding to $697m.
CarDekho turns unicorn with $250m round
The corporate-backed automotive e-commerce portal raised series E funding which will be used to accelerate its growth, increase brand awareness and expand into new markets.
Swile benefits from $200m series D round
SoftBank led a series D round which enabled the employee benefits software provider achieve unicorn status.
Entrada Therapeutics files for Nasdaq Listing
The Duchenne muscular dystrophy drug developer’s initial public offering could prove an exit ramp for Roche and Merck & Co.
Aura rises to public markets
The Lundbeck, Chiesi Group and Li-Cor Biosciences-backed eye and bladder cancer therapeutics developer has filed to go public on Nasdaq in an offering with a $100m placeholder target.
Open opts for $100m series C round
Google was among the investors that helped the digital banking platform close its latest round at a $500m valuation, taking its overall funding to $137m.
Daily Deal Round Up: October 12, 2021
Mobiliar took part in a $35m round for medicine transportation system developer SkyCell while Nice Investment co-led wealth management software provider Fount’s $33.4m series C.
Magic Leap pockets $500m in funding
The augmented reality technology developer, which counts a host of corporates among its investors, attracted new funding at a $2bn post-money valuation.
XinChao chases down $400m from corporates
JD.com has led the elevator advertising technology provider’s latest round, investing together with fellow returning backer Baidu.