Tencent is reportedly injecting more funding into WeChat-powered healthcare insurer Waterdrop ahead of a potential IPO at a projected $4bn valuation.
Author: Callum Cyrus
Chainalysis charges to $100m series C
The crypto anti-fraud software developer, which counts Mitsubishi UFJ Financial as an investor, has now raised $165m to date.
Subtle Medical sucks in series A funds
Baidu-backed Subtle Medical produces AI-driven medical imaging software intended to work across different healthcare systems, and has raised $12.2m.
Catamaran Bio catalyses $42m
Takeda Ventures and Astellas Venture Management both backed cell therapy developer Catamaran as it emerged from stealth.
KPN Ventures races into Speedinvest’s third fund
Europe-wide venture firm Speedinvest has now assembled $225m for its latest fund, which will target pre-seed and seed investments.
Nio Capital helps get $15m to Gongsibao
Nio Capital co-led a series B round that nudged back-end software producer Gongsibao’s overall funding to approximately $21m.
Smart Protection collects series B funds
Telefónica Tech Ventures and Bankinter invested in an $11.9m round that will drive international growth for the anti-piracy software producer.
Amiro rakes in series B funding
The Xiaomi-backed beauty device provider picked up $15.2m from investors including Fortune Capital after reporting over $8m of sales on Chinese Single’s Day.
Corporates look to Reinvent
JustCo, Frasers Property and Daito Trust have all put their weight behind the property technology startup hub, founded by a former WeWork China executive.
Form Energy stores $70m
The Eni and Saudi Aramco-backed energy storage technology developer has raised series C financing to push its total funding past the $120m mark.
Thinking Capital absorbs Ario
Purpose Financial has bought portfolio company Ario through subsidiary Thinking Capital Financial having backed the enterprise financing software producer in 2018.
Shandong Yingsheng puts away series B capital
A subsidiary of Sunshine Insurance Group has backed gene diagnostics tool provider Shandong Yingsheng in an eight-digit round set to fund product development.
Springtide sparks series A surge
The child developmental therapy provider closed an $18.1m round co-led by Optum Ventures, which will take a board seat at the company.
Barracuda barricades Fyde in acquisition deal
Wells Fargo Ventures has exited zero-access security tool developer Fyde, which had raised at least $5.3m in funding.