The news aggregation app, which was 47% owned by Phoenix New Media as of 2015, has received funding from backers including a government guidance fund.
Author: Robert Lavine
LexinFintech elects to launch $500m IPO
Bertelsmann and JD.com-backed LexinFintech, which runs lending and e-commerce marketplace Fenqile, will float in the US.
Sonian gets sucked up by Barracuda
Barracuda Networks has bought Amazon and Webroot-backed cloud archiving software developer Sonian for an undisclosed sum.
Entera enters IPO stage
Entera Bio, a large-molecule drug spinout of DNA Biomedical Solutions, intends to raise up to $50m when it goes public.
PPdai fails to pop in $221m IPO
The China-based, SIG-backed online lender floated below its range in the US and is currently hovering just above the IPO price.
Corporates sign up to TheGuarantors’ series A
Silverstein Properties’ SilverTech Ventures unit and Rocket Internet Capital Partners have both backed a $11.7m round for the rental guarantee provider.
Alauda hoards $15m
The cloud computing platform developer has raised $15m in a series B round led by its new strategic partner, Tencent.
Alilo aligns with Fosun for $15m
Conglomerate Fosun has provided $15m for connected educational toy developer Alilo, investing through its Fosun RZ Capital unit.
Jinying passes Xiaomi review in $40m series B
Xiaomi has co-led a series B round for review and self-publishing platform operator Jinying that included Fosun and SIG Asia.
Quanterix quickens pace to IPO
The immunoassay instrument developer is targeting $57.5m in an offering that will provide exits for BioMerieux and Stratec Biomedical.
SoftBank-led group agrees 10-figure Uber investment
A consortium including SoftBank and Dragoneer have agreed an investment plan that will involve them buying upwards of $8bn of Uber shares.
Goldman Sachs sends funding to Sansan
Business contacts storage platform Sansan is set to receive $17.6m from Goldman Sachs, after raising $76m from a corporate-packed investor base.
Panorama reveals $12m series A
The educational data software provider has added funding to its Google-backed series A round that will be used to grow its team.
Corporate venturing deal net: 6-10 November 2017
GE Ventures, the corporate venturing subsidiary of industrial product maker General Electric, co-led a $5m series A round for US-based operational data management platform Equalum with venture capital firm Innovation Endeavors on Tuesday. The round also featured private investors including Giora Yaron, Equalum’s founding investor and chairman. Internet group Tencent has provided an undisclosed eight-figure… Continue reading Corporate venturing deal net: 6-10 November 2017