Fatima Ventures, Fatima Group’s corporate venturing unit, has joined VC firm Gobi Partners for a $20m fund intended to boost Pakistan’s startup scene.
Author: Callum Cyrus
MakeSpace to make room for $30m
Self-storage service MakeSpace is targeting $30m for its latest round having already secured funding from new strategic partner Iron Mountain.
News round up April 8 2019
A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.
Elara catches FastFox
Elara Technologies has acquired home rental platform FastFox for an amount likely to be about $15m, enabling CyberAgent to exit.
Sinopharm leads Suzhou and Science’s inaugural round
Sinopharm Capital helped supply funding to orthopaedic-focused device maker Suzhou and Science Technology Development, with the latter eyeing new products in areas including sports medicine.
Aura to expand with $40m series D
Lundbeckfonden Ventures co-led ocular cancer therapy developer Aura’s series D round, which also featured Chiesi Ventures.
Fast Radius accelerates for $48m series B
UPS has reinvested in additive manufacturing service provider Fast Radius, which will use the cash for hiring and product development.
Radar picks up $16m
NTT Docomo Ventures and Novel TMT invested in the inventory management technology provider as it gears up to commercially launch its first product.
Academia.edu accepts $16m
Tencent led the academic social network and research portal’s series C round, which brought its overall funding near the $35m mark.
Alibaba assimilates Teambition
Alibaba has paid an undisclosed sum to acquire collaboration software tool developer Teambition, enabling Microsoft and Tencent to exit.
Mswipe settles latest round at $30m
B Capital has returned to reinvest in Ola-backed payment terminal supplier Mswipe in a round sized at $30m that is expected to fuel domestic growth.
1stdibs marks series D with $76m
Alibaba-backed luxury goods marketplace 1stdibs has gained Groupe Artémis as an investor in a round it said took its primary funding to $170m.
SGX pumps $25m into BidFX
Trading bourse SGX has picked up a 20% stake in foreign exchange trading platform BidFX, with the pair entering an alliance to support SGX trades using BidFX’s software.
Sonae helps CB4 cement $16m series B
Sonae IM joined Octopus Ventures, Sequoia Capital and Pereg Ventures to lift retail management platform CB4’s overall funding to approximately $23m.