Chinese media reports state the Tencent-backed bicycle rental service has secured $1bn in funding from undiclosed investors.
Author: Robert Lavine
Ring readies itself for $160m round
The Qualcomm, JF Shea and American Family-backed home security technology provider would be valued at almost $1bn in the round.
Snowflake proves special in $263m round
Capital One Growth Ventures was among the existing investors in a round that valued the data warehousing software provider at $1.5bn pre-money.
Kellogg packs funding into Cargo
In-car commerce service has raised $5.5m in follow-on seed funding from investors including Kellogg’s Eighteen94 Capital unit.
Alfahim enters Blacklane for series D round
Alfahim and existing investor Daimler Mobility Services were among the participants in the round, which was reportedly sized between $40m and $45m.
Lennar finds Opendoor in $135m round
Home builder Lennar supplied $100m in debt for the online property marketplace through a $135m round that also included Fifth Wall Ventures.
SoftBank helps Katerra hammer out $865m series D
Construction services platform Katerra is now valued at more than $3bn, having secured new funding in a SoftBank Vision Fund-led round.
Kuaishou gets on course to raise $1bn
The photo, video and livestreaming platform is readying a $1bn round led by Tencent that will value it at $18bn in advance of a flotation later this year.
Boston Scientific fills Millipede with $90m investment
Millipede has secured $90m from Boston Scientific, which also gained the right to acquire the mitral regurgitation treatment device maker.
Off Grid Electric connects to GE for $55m
GE Ventures has participated in a series D round closed by African solar energy provider Off Grid Electric as it moves into Ghana.
Cumulus Networks drifts to $43m series D
The networking software provider boosted its total funding to $129m with a round led by Telstra Ventures and backed by all its existing investors.
New York Life Ventures makes $200m mark
New York Life’s corporate venturing arm has provided $200m of capital for startups since it was established in 2012.
Zipongo eats up $18m
The nutritio tracking platform developer has raised series B1 capital from investors including Blue Cross Blue Shield of Massachusetts unit Zaffre Investments.
Stem stretches to $80m in series D
Activate Capital led the round’s first close, Stem’s previous investors including General Electric, Total, Iberdrola, Exelon, Mitsui and RWE.