Carmaker FAW Smart car will invest $260m in smart car developer Byton as part of a series B round expected to reach $500m in size.
Author: Kaloyan Andonov
Kaloyan Andonov is head of analytics at Global Corporate Venturing.
Continuing metamorphosis of the media sector
Sector focus: Media
Deals and value up in April
The number of corporate-backed deals we reported from around the globe in April stood at 234, up 48% from the 158 funding rounds in the same month last year. Investment value also increased considerably, by 30%, to $14.24bn – up from $10.97bn in April 2017. April registered somewhat weaker results than March this year with… Continue reading Deals and value up in April
Xiaomi files for a $10bn IPO
China-based electronics producer Xiaomi has reportedly filed for an initial public offering at a $100bn valuation in Hong Kong.
Analysis: Flexport gets $100m delivered
Logistics firm SF Express committed capital to freight logistics platform Flexport, which was previously backed by Bloomberg Beta and GV, among other corporates.
Edtech companies raising multimillion rounds
Two China-based education companies appeared in the news last week for having raised and aiming to raise multi-million rounds. Online education platform Knowbox raised a $100m series C round, while based online language learning service iTutorGroup was reported to be seeking to close $300m round by the end of May.
Venturing activity increases in the first quarter
In the first quarter of 2018, GCV Analytics tracked 625 funding rounds involving corporate venturers, a 3% increase over the 609 rounds recorded in in the first quarter of last year. However, the estimated total investment surged to $34.26bn, 87% higher than the $18.31bn recorded last year. The US hosted the largest number of funding… Continue reading Venturing activity increases in the first quarter
The e-transformation of the consumer sector
Sector focus: Consumer
Deal volume and value go up
The number of corporate-backed deals in March was 270, up from the 233 funding rounds in the same month last year. Investment value also increased significantly, by 70% to $12.27bn – up from $7.22bn last year. Compared with January and February this year, March has the strongest deal count, outperforming the 197 and 158 deals… Continue reading Deal volume and value go up
Analysis: New Leshi Smart Home raises $477m
A host of China-based corporates provided funding to smart TV maker New Leshi Smart Home, a subsidiary of LeEco.
Analysis: Tencent purchases from Pinduoduo in a $3bn round
Tencent led a $3bn funding round raised by e-commerce platform Pinduoduo at a $15bn valuation.
Analysis: Alisports strikes $190m and an acquisition
Alisports, the sports affiliate of China-based e-commerce firm Alibaba, received $190m from China Taiping Insurance, while announcing an acquisition of its own.
Analysis: Dropbox raises $756 in IPO
The file storage cloud platform Dropbox floated above the original range it had set in an oversubscribed IPO which valued it at over $8bn.
Industrials forge forward
Sector focus: Industrial