The automotive e-commerce marketplace has raised $335m in a round led by Alibaba, which is now its largest external investor.
Author: Robert Lavine
Megvii faces corporates in $460m round
Foxconn, SK Group and Ant Financial have participated in a $460m funding round for Megvii, the facial recognition software provider also known as Face++.
Fosun fixes funding for BondIT
Bond portfolio management platform BondIT has received $14.3m in funding from Fosun, which plans to help it expand in China.
PayU to help transfer $115m to Remitly
The financial remittance platform, responsible for the transfer of about $4bn a year, is set to raise $115m in a PayU-led series D round.
Pacira forms $25m funding deal with Tela Bio
Bioscaffold product maker Tela Bio will receive an initial $15m from Pacira Pharmaceuticals and up to $10m in additional funding.
Kymera transforms corporate interest to $30m
Lilly Ventures and Amgen Ventures have co-led protein degradation-based biotech startup Kymera’s series A round with Atlas Venture.
SenseTime seeks out CDH for AI fund
The deep learning technology developer is combining with one of its investors, CDH Investments, and aims to raise more than $450m for the fund.
Snapcart accelerates to raise $10m
The series A round, which included SPH Ventures and Kickstart Ventures, will support the retail analytics provider’s entry into new markets.
Farmobile picks up pace with series B
AmTrust Agricultural Insurance Services has joined the agricultural data software developer’s investors, taking part in an $18.1m round.
Reflektion reveals $12m in financing
The Intel and Nike-backed retail marketing software developer will use the proceeds from the Hasso Plattner Ventures-led round for global growth.
SoundAI deciphers investment in $15m round
Baidu has participated in a series A round for sonic-focused AI technology developer SoundAI that took its total financing to $57m.
Mumtalakat mulls Vision Fund investment
Bahrain’s sovereign wealth fund is considering a commitment that will help SoftBank’s fund reach its $100bn target for a final close.
Argus braces for Continental acquisition
Continental is reportedly in advanced talks over a $400m acquisition of Magna and Allianz-backed in-car cybersecurity technology provider Argus.
Corporate venturing deal net: 23-27 October 2017
Quantitative trading firms Susquehanna International Group and XR Trading have provided an undisclosed amount of funding for US-based low-latency network technology provider McKay Brothers. The company’s founders will retain a share of more than 70%, McKay having previously received funding from trading firms IMC and Tower Research Capital. Medical services provider Shulan Health has led… Continue reading Corporate venturing deal net: 23-27 October 2017