Tencent joined GL Ventures and YF Capital to co-lead a $176m funding round for Taimei Technology, while SoftBank China Venture Capital also invested.
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.
InventisBio ignites $147m series D
Lilly Asia Ventures has returned for a $147m series D round that will allow InventisBio to advance its treatments for breast cancer and gout into phase 2 clinical trials.
Monte Rosa climbs $96m series B
GV has thrown its weight behind Monte Rosa Therapeutics, which is working on biotechnology to degrade disease-driving proteins that have hitherto been considered undruggable.
Creative Biosciences designs $88m series C
Creative Biosciences has collected $88m in fresh funding from a consortium of new and existing shareholders, though Kingmed Diagnostics and Tasly did not return.
Galecto gets $64m
Novo and Bristol Myers-Squibb formed part of a group of new and existing backers that provided cash to Galecto, based on research from the universities of Lund and Edinburgh.
Corporate venturing deal net: 21-25 September 2020
Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.
ChargePoint plugs into public markets
AEP, BMW, Chevron, Constellation Energy, Daimler, Siemens, The Hartford and Toyota are all in line for exits as ChargePoint goes public through a reverse merger at a $2.4bn valuation.
Ninebot to drift into $295m IPO
Xiaomi and Intel-backed e-scooter vendor Ninebot is gearing up for a $295m initial public offering on the Star Market using Chinese Depository Receipts.
Dell chips into Nuvia’s $240m series B
Dell Technologies Capital has returned for a $240m series B round, having already backed a $53m series A for the silicon chip designer last November.
Greenlight Financial accelerates with $215m
Children’s debit card provider Greenlight is valued at $1.2bn after raising $215m in funding from a host of investors, though none of its corporate backers participated this time.
Miniso to go big on NYSE
Tencent-backed low-cost retailer Miniso has put a $100m placeholder figure in its filing for an IPO, more than a year after its plans first emerged.
Robinhood collects $660m series G
A month after receiving an initial $200m tranche from D1 Capital Partners, Alphabet and Roc Nation-backed Robinhood has increased its series G round $660m.
Next Insurance times $250m series D
CapitalG has led a $250m series D round for Next Insurance, while Munich Re also returned for the deal that increased the workplace insurance provider’s total funding to $631m.
WeWork sells China business for $200m
Trustbridge Partners has acquired a majority stake in WeWork China, a SoftBank-backed company that was at one point valued at $5bn.