The Tencent and Xiaomi-backed news aggregation platform was founded two years ago but was reportedly valued at $1.6bn in March.
Author: Robert Lavine
Walmart finalises $16bn Flipkart investment
SoftBank and eBay are among the exiting investors in the e-commerce marketplace, while Tencent and Microsoft will retain stakes.
ShopClues reveals $16m in funding
The BCC-backed online marketplace raised the cash over the course of this year, and is preparing to expand internationally.
Yesware sells corporates on $15m round
Shea Ventures and existing investor GV contributed to a round that boosted the email technology developer’s overall funding to $48m.
Corporate venturing deal net: 13-17 August 2018
Pharmaceutical firm Haisco agreed on Monday to invest $10m in Pneuma Respiratory, a US-based company developing a breath-activated digital inhaler, as part of an agreement that will allow it to distribute Pneuma’s products in China. The investment came after Pneuma raised $8.3m in series A financing from undisclosed investors last month, and the company has… Continue reading Corporate venturing deal net: 13-17 August 2018
Gamepind gets $16m reward
Founding investors One97 Communications and AGTech Holdings have put $16m into mobile game developer Gamepind as it appoints a new COO.
CMS gets a taste of Blueberry’s series B round
Blueberry Therapeutics will use the proceeds from the $12.8m China Medical System-backed round to advance its skin and nail infection treatments.
Line lays down $10m for token fund
The messaging platform developer, which has become increasingly involved in cryptocurrency activities, will invest in token offerings through Unblock Ventures.
Electrolux helps feed Karma with $12m
Anti-food waste platform developer Karma has secured Electrolux as a strategic partner as well as an investor in a Kinnevik-led round.
MoneyLion hunts down new funding
The personal finance app developer, which is backed by Grupo Sura, has secured $28.8m of a $40m round, according to a securities filing.
DoorDash accelerates with $250m round
The food delivery platform has almost tripled its valuation to $4bn in the five months since SoftBank led its $535m series D round.
MineSense finds $18m capital deposit
Mitsubishi, ABB and existing investor Caterpillar have helped MineSense close a round that will support the launch of its mining data technology.
Sila Nano charges up with $70m
Amperex and Siemens’ Next47 unit both chipped in as the battery technology developer secured series D cash, lifting its funding to $125m in total.
Thunder Stone rocks $29m series B
Beijing Yue Meters Technology, which produces keyboards for the karaoke system provider, has also invested in its series B round.