Series C investors including SBI have sold back their shares to the digital payment tool provider at a 50% premium, valuing it at $15bn.
Month: January 2022
Akili Interactive accedes to $1bn reverse merger
The Merck Group, Amgen, Shionogi and Digital Garage-backed digital cognitive treatment developer will get a Nasdaq Capital Market listing through the deal.
Tuhu tilts towards Hong Kong IPO
Baidu and Tencent are among the investors that will score an exit if the online auto aftersales platform goes public in a Hong Kong offering.
Powerlist Q&A – Fernando Impuesto, Emilio Martínez and Sergio García, Enagás Emprende
Q&A with Fernando Impuesto, general manager; Emilio Martínez, head of open innovation and corporate venturing; and Sergio García, head of venture building, Enagás Emprende
Cathay Life commits $30m to NEA fund
Cathay Life Insurance is the latest in a string of Taiwan and China-based insurers to put money into external venture capital funds.
Daily Deal Round Up: January 26, 2022
SoftBank’s Vision Funds took part in a $260m series F round for online finance provider Creditas and led last-mile delivery service Paack’s $225m series D.
Jidu mobilises corporates to raise $400m
Baidu and Geely injected the cash in their electric vehicle joint venture and the proceeds will be used for R&D and mass production of the cars.
Deloitte Canada sets up $119m venture unit
Deloitte Ventures will target investments in Canada-based startups, providing up to $8m through each deal.
Culdesac walks to $30m
Lennar’s Len X subsidiary helped the walkable neighbourhood developer raise equity financing as it prepares to open its first housing units.
Xu turns partner at On Deck
On Deck Fund (ODF) is a $150m pre-accelerator focused on startup ideation representing talent network On Deck.
Thestrup joins Angelini Pharma’s CVC unit
Angelini Pharma has hired Thomas Michael Thestrup, formerly of UCB and Lundbeck, to work on its innovation team.
Daily Deal Round Up: January 25, 2022
Anhui Jiangnan Construction Investment Group helped commercial rocket developer Galactic Energy secure $200m while off-road vehicle developer Rox raised $100m in a Tencent-led round.
Swiggy swipes $700m in series K round
Prosus Ventures and Smile Group were among the investors in the online food delivery service’s latest round, closed at a $10.7bn valuation.
Boeing flies $450m to Wisk
Boeing’s investment in the automated flying taxi developer follows a series of reverse takeovers in the sector in 2021.