C3Nano, the developer of conductive material Active-Grid, has closed a $12m series C round featuring industrial products company Nagase.
Author: Joanne Faulkner
Laundry service Edaixi raises $20m
On-demand laundry service Edaixi, which is operated by laundry franchise Rongchain and backed by Tencent, has raised series A funding, four months after its seed round.
Shenzhen Hapalink invests $22m in TPG fund
China-based pharmaceutical company Shenzhen Hapalink is to invest $22m in private equity firm TPG’s latest biotech fund, TPG Biotechnology Partners IV, China Money Network reported on Wednesday, citing a recent filing. No target has been given for the size of the fund, which was established in 2012 and which has now raised $111.6m. TPG… Continue reading Shenzhen Hapalink invests $22m in TPG fund
Menlook attracts $29m
Men’s fashion retailer Menlook has secured $29m in a round in which Allianz-backed IDinvest Partners and BPfrance became shareholders.
Tencent helps deliver $15m for Renren Kuaidi
Crowdsourced delivery system Renren Kuaidi, which lets it users sign up to be a courier, has raised $15m in a series A round featuring internet portal Tencent.
Versant secures $25m from Bayer for latest fund
Bayer Healthcare, a subsidiary of pharmaceuticals and chemicals producer Bayer, agreed on Tuesday to invest up to $25m as a strategic partner in US-based venture capital firm Versant Ventures’ latest fund. Bayer is one of several limited partners contributing to Versant Venture Capital V, which will target biotech and medical device start-ups in Europe, the… Continue reading Versant secures $25m from Bayer for latest fund
Axiata forms $30m Malaysian corporate venturing fund
Malaysia-based telecommunications company Axiata Group has launched a $30m venture fund in partnership with government venture capital firm Malaysia Venture Capital Management (Mavcap). The Axiata Digital Innovation Fund will mainly target bumiputera (the Malay race and other indigenous groups) entrepreneurs working in enterprise and customer services which can add value to Axiata’s customers. The fund,… Continue reading Axiata forms $30m Malaysian corporate venturing fund
IDG drives $60m PPzuche series B
Car lending platform PPzuche.com has raised $60m in a series B round featuring IDG Capital Partners that will be invested in market expansion.
Series B funds flow into Quanta Fluid
Quanta has raised $43m in a series B round for the launch of its advanced haemodialysis system, bringing the total raised by the company to $57.3m.
BSB takes a piece of ScoopWhoop
Corporate JV Bharti Softbank has acquired a 36.5% stake in media company ScoopWhoop through BSB Portal, which is also backed by Yahoo.
SheKnows buys BlogHer for up to $40m
SheKnows has acquired its competitor BlogHer for between $30m and $40m in a deal that will give an exit to NBC and GE-backed firm Peacock Equity.
Stratoscale weighs up $32m for series B
Stratoscale, a software company for data centres, has attracted $32m in a series B round which involved Intel, Cisco and SanDisk.
Gigya identifies $35m in Intel-led round
Intel has led a $35m series F round for dentity management platform Gigya, bringing its total funding up to $104m.
Intel jumps for Joyent series E
Cloud infrastructure company Joyent has secured $15m in a series E round backed by Intel, bringing the total raised by the company to over $120m.