Spacecraft manufacturer SpaceX reached a $74bn valuation, a more than sixfold increase on the $12bn it fetched when Google led a $1bn round in 2015.
Author: Kaloyan Andonov and Thierry Heles
Analysis: Logicreation files for IPO
China-based education services provider Beijing Logicreation Information & Technology, which counts internet company Tencent among its backers, filed for a RMB1.04bn ($152m) IPO on the Shenzhen Stock Exchange’s ChiNext board in September.
Analysis: AmEx eats up Kabbage
US-based business finance provider Kabbage, which has a host of corporates as backers, will be acquired by payment processing firm American Express.
Analysis: MGI Tech raises $1bn
Gene sequencing corporate spinoff MGI Tech closed a $1bn series B round backed by IDG Capital and CPE Capital. The company offers an array of products, some of which have been used for Covid-19 detection and forms part of the promising space of genetics tech.
Analysis: Katerra raises $200m from SoftBank
US-based construction services provider Katerra received $200m in funding from the SoftBank Vision Fund I, the vehicle formed by telecoms conglomerate SoftBank.
Analysis: Yuanfudao raises $1bn
Edtech has benefited from covid-19 restrictions, the record high for capital in the sector was $2.4bn in 2018
Analysis: Waymo drives forward with $3bn
US-based autonomous driving technology Waymo, a spinoff from internet conglomerate Alphabet, received $750m in extension equity financing, taking its round to $3bn.
Analysis: Chehaoduo receives $1.7bn in series D
The SoftBank Vision Fund I, the $100bn investment vehicle of telecoms conglomerate SoftBank, and VC firm Sequoia Capital China have committed an additional $200m to China-based automotive e-commerce platform Chehaoduo, bringing its series D round to $1.7bn
Analysis: StackPath takes $216m
Juniper Networks and Cox have backed a sizeable series B round for edge and cloud computing tech developer StackPath.
GCV Symposium 2016: Tencent’s Innovation Toolkit
Jeffrey Li, the managing director of Tencent Investments who conducted $5bn worth of equity deals in some 100 companies last year, took the stage this morning to talk about its parent company, China-based internet group Tencent. Li, who is also the general manager of Tencent M&A, began by providing an overview of Tencent, a company… Continue reading GCV Symposium 2016: Tencent’s Innovation Toolkit
GE: an evolving approach to corporate venturing
Many large corporations have made multiple efforts to develop their corporate venturing strategies. New York-listed industrial conglomerate General Electric (GE) has spent more than 20 years working on its own initiatives in this area. Its latest iteration, GE Ventures, has been highly regarded as an industry leader, viewed increasingly by with other groups as a… Continue reading GE: an evolving approach to corporate venturing