Digital banking service Nubank has raised $180m from Tencent at a $4bn valuation, increasing its overall equity funding to about $505m.
Author: Robert Lavine
Robert Lavine is special features editor for Global Venturing.
Kraft Heinz commits $100m to Evolv
Evolv Ventures will be headed by ex-Lightbank partner Bill Pescatello and will fund startups developing technology for the food industry.
CarDekho motors to $75m round
Dentsu and Times Internet have reportedly both invested in a $75m round for the automotive e-commerce marketplace that could eventually reach $170m.
Twist Bio turns to IPO filing
The synthetic DNA technology developer, which counts Illumina, WuXi PharmaTech, Kangmei and Institut Mérieux, has filed to raise up to $86.3m.
PGDx intersects with Innovatus in $42m deal
Innovatus agreed to invest up to $42m in Personal Genome Diagnostics, whose existing backers include Bristol Myers-Squibb, Helsinn and Inova Health System.
Cerecin sells Wilmar on $50m round
Brain health product developer Accera has rebranded to Cerecin with a $50m round led by Wilmar International.
ClimaCell blows to $45m series B
Existing backer JetBlue Technology Ventures and new strategic partner Ford Smart Mobility have both invested in the microweather detection technology developer.
Sitryx hits up GSK in $30m series A
Immunometabolic drug developer Sitryx has closed a series A round featuring GlaxoSmithKline, after taking part in the latter’s Immunology Network initiative.
Cocon collects corporate funding
YJ Capital and Sumitomo Electric Industries both chipped in for a $24.6m round that lifted the cybersecurity company’s total funding to $36m.
LiveSafe gives details of $11m in new funding
Evergy joined existing investors Hearst and IAC in a series B-1 extension that took the risk intelligence software provider’s total funding to about $27m.
Idagio drags in new funding
The Tengelmann-backed classical music streaming platform has doubled its overall funding by raising $11.8m as it expands to North America.
Venturra Capital centres $15m early-stage fund
Venturra Discovery will invest in seed and pre-series A startups on behalf of its Lippo-backed parent firm.
Corporates help cut $20m for Slice Labs
The insurance software provider has added funding from investors including Sompo, XL Catlin, Munich Re, Grupo Sura and JetBlue to close its series A round at $31.6m.
SoftBank to secure PIF for next Vision Fund
Saudi Arabia’s Public Investment Fund plans to replicate its $45bn contribution to the first fund when SoftBank puts together its second $100bn Vision Fund.