CommerzVentures and Munich Re Ventures both returned for a $97.4m funding round that brought the pet insurance provider’s total funding to more than $132m.
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.
Vazyme visualises $78m series C
China Life Insurance has led a $78m series C round for Vazyme Biotech following the regulatory approval of its Covid-19 detection kit.
Huisuanzhang books $60m series C-plus
Sunshine Insurance has led a $60m series C-plus round for the bookkeeping software developer that also attracted existing shareholder Xiaomi.
Corporate venturing deal net: 4-7 May 2020
Each week, the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.
Grail engages with $390m series D
Grail has added $390m in series D funding to its coffers thanks to a consortium featuring Illumina, significantly shooting past its $250m target size.
Autotech puts the pedal to the $150m metal
Autotech Ventures has attracted more than $150m for its second fund from limited partners including Volvo, Lear, Bridgestone and Stoneridge as well as several other corporates.
AlphaCredit confirms $125m round
Following regulatory approval, SoftBank has led a $125m series B round for the digital lender that was first announced earlier this year.
Enflame lights up $98.7m series B
Tencent has returned for a series B round raised by the semiconductor technology developer, having also participated in a $43.4m funding round last year.
Helium Health takes off with $10m series A
Tencent was among the investors in a $10m series A round for the digital health platform that was co-led by Global Ventures and Africa Healthcare Masterfund.
Chehaoduo services $1.7bn series D
SoftBank Vision Fund and Sequoia Capital China have injected an additional $200m in funding to bring the series D round, already backed by the former, to $1.7bn.
RWDC rolls into $133m series B
Flint Hills Resources has contributed to a $133m series B round for RWDC Industries, which is working on a biodegradable alternative to plastic.
Cockroach Labs inserts $87m into series D
GV has returned for an $87m series D round for Cockroach Labs, having already participated in all of the database technology developer’s previous rounds.
Nium nabs series D funding
Visa has participated in a series D for Nium, the international remittance service formerly known as Instarem, with earlier reports suggesting a $75m to $100m round size.
LetsGetChecked achieves $71m funding results
At-home clinical testing services provider LetsGetChecked has raised $71m from investors including Illumina and Optum as it faces increased demand.