Xingyun has picked up $200m in a series C round co-led by Taikang Insurance, Shanghai United Media Group and Highlight Capital, while GLP and C&D Group 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.
Goat sneaks into $100m series E
Foot Locker-backed sneaker marketplace Goat Group has completed a $100m round from D1 Capital Partners, bringing its overall financing to almost $300m in five years.
Beyond Limits lines up $133m series C
Group 42 has joined existing shareholder BP Ventures to co-lead a series C round for Caltech and Nasa spinout Beyond Limits, with $113m already closed and another $20m committed.
Wanwu Xinsheng upgrades to $100m series E-plus
Formerly known as Aihuishou, the electronics recycler has attracted more than $100m in series E-plus funding co-led by existing shareholder JD.com.
Nucarf embraces $100m across two rounds
Nucarf has procured approximately $100m in combined series A and A-plus funding, with the former round featuring Xiamen C&D.
Swire Pacific helps plant $70m in Green Monday
Green Monday is working on a plant-based alternative to pork and has raised the money from investors including Swire Pacific and returning backer Lee Kum Kee Health Products.
Grail spins back into Illumina for $8bn
Two weeks after filing to go public, Grail has instead accepted an $8bn acquisition offer from Illumina, which had spun off the cancer diagnostics technology developer five years ago.
WM Motor wins over investors for $1.47bn series D
Baidu, Tencent and China Minmetals-backed electric vehicle producer WM Motor has raised $1.47bn in a series D round to support R&D, marketing and sales activities.
Zhonggu Logistics to move onto stock exchange
Zhonggu Logistics has filed for a $218m on the Shanghai Stock Exchange, providing exits to Zhonggu Shipping and SoftBank.
Panlin picks up $148m fund
Unnamed corporates have provided capital for Panlin’s $148m fund that will focus on healthcare, digital transformation and smart hardware.
Acesso Digital taps into $107m series B
SoftBank’s Latin America Fund and General Atlantic have co-led a $107m series B round for Acesso Digital, a facial recognition technology developer that will use the money to scale.
Playco starts funding game with $100m
Digital Garage has helped launch mobile gaming platform Playco with a $100m series A round and a valuation of more than $1bn.
Chasing the light at the end of the tunnel
Global University Venturing: Covid-19 remains a threat but universities are at the forefront of fighting back
Chime rings $485m funding bell
Chime has increased its valuation nearly tenfold in 18 months and is worth $14.5bn following a $485m series F round that included existing shareholder Access Industries.