Tencent was among the investors in a Warburg Pincus-led round that valued the accommodation provider, a spinoff from Lianjia, at $3.1bn.
Author: Robert Lavine
Razorpay sharpens up with $20m
The GMO and Mastercard-backed business payment technology provider has closed a series B round co-led by Tiger Global and Y Combinator.
Pi increases numbers with help from Hero
Hero Electronix was among the limited partners as venture capital fund Pi Ventures reached a $25m second close on its way to a $30m+ target.
True Fit tries on $55m series C
Returning investor Intel Capital has reinvested in a round that took clothing personalisation platform True Fit’s total funding to more than $100m.
Pony.ai rides momentum to raise $112m
Comcast Ventures and Legend Star took part in the autonomous driving startup’s series A round, which was co-led by Legend Capital.
Solaria swallows $23m
The solar energy technology developer, which counts a range of corporates as past investors, has raised cash from Presidio Partners, Kline Hill Partners and Structural Capital.
Big Deal: Auto1 accelerates with $565m
SoftBank Vision Fund has acquired a sizeable stake in automotive e-commerce platform Auto1, its first Germany-based investment.
Zelgen sells Minsheng on $62m series B
Minsheng Life Insurance has co-led a series B round for Suzhou Zelgen, which is developing drugs for diseases including cancer.
Alibaba reportedly acquires $3bn of Ofo shares
Alibaba has bought $3bn of shares in Ofo from another existing backer, GSR Ventures, according to a relative of GSR’s managing director.
Maoyan Weiying to promote $1bn IPO
The company, which holds the largest share of China’s mobile ticket retail market, is backed by Tencent, Meituan-Dianping and Enlight Media.
Grab hits up Hyundai for funding
Hyundai has invested an undisclosed sum in Grab’s $2.5bn series G round, which includes SoftBank, Didi Chuxing and Toyota, as part of a strategic partnership.
Corporate venturing deal net: 8-12 January 2018
Computing company IBM invested an undisclosed amount in US-based sales software provider Apttus yesterday that will be added to the $55m in series E funding it raised in September 2017 from enterprise sales software producer Salesforce’s corporate venturing unit, Salesforce Ventures, as well as Premji Invest, K1 Investment Management and Iconiq Capital. The September round… Continue reading Corporate venturing deal net: 8-12 January 2018
Celgene provides Sanofi with $1.1bn Impact exit
Sanofi will exit cancer drug developer Impact Biomedicines in an acquistion by Celgene that consists of $1.1bn up front and potentially billions in milestone payments.
Dropbox files confidentially for IPO
The Salesforce Ventures-backed file storage service has some 500 million users and was valued at $10bn as of 2014.