Independent News & Media-backed Truphone has added $23.6m to its coffers through a rights issue, with about $47m more committed on a conditional basis.
Author: Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
Innovent advances closer to $500m IPO
Legend Holdings, Eli Lilly, Ping An, China Life and Taikang Insurance are in line for exits as Innovent Biologics gears up for an initial public offering sized at $400m to $500m.
Linklogis connects to corporates for $220m
Bertelsmann and Tencent returned for supply chain financing provider Linklogis’ $220m series C round, which also attracted fellow corporates GLP and Skyworth.
Demisto soars to $43m series C
Demisto, a cybersecurity technology producer backed by Slack Fund, has closed a $43m series C round led by Greylock Partners to bring its total funding to date to $69m.
Zomato lays on $210m banquet
Ant Financial has returned to put another $210m into Zomato, after purchasing $200m worth of primary and secondary stock in the food delivery company earlier this year.
Stacking the odds in universities’ favour
University corner: Activity has been steadily ramping up during September
Foxconn manufactures $545m fund
Foxconn has joined forces with the Jinan’s municipal government to establish a fund that will aim to boost the local semiconductor ecosystem.
OmniSci maps out $55m series C
OmniSci, formerly known as MapD, has added $55m to its coffers thanks to investors including Nvidia and Verizon, bringing its total funding to $92m.
Tencent joins Voyager Innovations in $175m deal
Voyager Innovations, a digital technology spinoff from telecommunications firm PLDT, is set to raise $175m in a round co-led by Tencent and KKR.
Hopper steps into $100m series D round
Citi Ventures has joined several existing investors led by Omers Ventures for a round that valued travel booking platform Hopper at $750m.
SoftBank considers $250m Delhivery funding package
SoftBank Vision Fund is exploring an investment of up to $250m in e-commerce logistics service Delhivery, which already counts Fosun and Times Internet as investors.
Walmart fits in $100m Eloquii acquisition
Grace Beauty-backed plus-size clothing brand Eloquii has become the latest online fashion producer to be added to Walmart’s e-commerce assets.
NGM pursues $75m IPO
Merck & Co and Takeda are in line for exits when drug developer NGM Biopharmaceuticals lists on the Nasdaq Global Select Market.
Forbion forges $415m fund
ASR Insurances and KLP are among the limited partners in Forbion IV, which will invest in biopharmaceutical companies across Europe and North America.