Existing investors SoftBank and Tencent are in advanced discussions to invest in a round that will increase the trucking services platform’s valuation from $6.5bn to $9bn.
Author: Robert Lavine
Robert Lavine is special features editor for Global Venturing.
Plaid to pad out funding with $200m
GV-backed fintech provider Plaid is reportedly in talks with investors including Kleiner Perkins Caufield & Byers over a round that could value it at $3bn.
Kite Hill consumes $40m in 301-led round
The plant-based food producer has completed a round led by General Mills subsidiary 301, which also co-led its last round in mid-2016.
PhaseBio finds $46m in initial public offering
Orphan disease drug developer PhaseBio Pharmaceuticals, which counts Johnson & Johnson, Astellas and AstraZeneca as investors, cut the price of its shares sharply pre-offering.
Aledade adds $23m to latest round
GV-backed care manager Aledade has doubled the size of its latest funding round to $46m and increased its overall funding to $100m.
Unifonic tunes into $21m series A
The Saudi Telecom-anchored STV led the round, while Raed Ventures also invested in cloud communications technology provider Unifonic.
ZMT zooms to $72m
The Fosun-backed data analytics provider has closed a $72m round that increased its overall funding to more than $117m.
CrowdStrike considers 2019 IPO
The endpoint security software producer has hired Goldman Sachs for an initial public offering that would enable Alphabet, Rackspace and Telstra to exit.
TP Therapeutics tops series C with $80m
The cancer therapy developer has raised $80m in a mezzanine round that came almost 18 months after its series C, with Lilly Asia Ventures and SR One backing both rounds.
Revolution acquires Warp Drive to accelerate progress
Warp Drive Bio, the genomic medicine developer co-founded by Sanofi, has agreed to an all-share acquisition by Revolution Medicines.
CuraSen lures Johnson & Johnson to series A
Johnson & Johnson Innovation – JJDC was among the investors in CuraSen Therapeutics’ $54.5m series A round, which was led by New Leaf Venture Partners.
Microsoft returns to WhiteSource for $35m round
Open-source cybersecurity software provider WhiteSource has raised cash in a series C round led by Susquehanna Growth Equity that included Microsoft’s M12 unit.
Tastemade cooks up $35m in funding
Amazon and existing backer Comcast both invested in a round that boosted lifestyle media platform Tastemade’s total funding to $115m.
Corporate venturing deal net: 15-19 October 2018
Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.