Xiaomi has made a strategic investment in the electric vehicle manufacturer’s $400m series C round alongside several unnamed new and existing backers.
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.
ACV Auctions bids $150m for series E
SoftBank-backed dealer-to-dealer vehicle marketplace has received $150m in a series E round co-led by Fidelity and Wellington Management Company.
Paytm puts $70m aside for AI startups
Paytm has revealed it invests an average of $28m to $35m in startups each year but has now set aside $70m specifically to back early-stage artificial intelligence technology developers.
Whoop stays fit with $55m series D
Foundry Group has led a $55m series D round for Whoop, which has now raised more than $100m from investors also including Infosys and NFL Players Association.
Salesforce forges $50m Consultant Trailblazer Fund
The vehicle, the latest in Salesforce’s series of Trailblazer funds, builds on the original SI Trailblazer Fund launched in 2017 that has been fully committed.
Orbital Insight enters $50m series D
Chevron Technology Ventures has thrown its weight behind Orbital Insight, which also welcomed back GV and Sky Perfect JSAT.
We Co moves out of The Wing
We Company will divest from The Wing, for which it had led a $32m series B round in 2017 and backed a $75m series C, and will also look to sell Meetup.
Makuake makes its way to TSE
CyberAgent-founded crowdfunding platform has applied for an initial public offering on the TSE Mothers Market that it expects will fetch it a $155m valuation.
Cainiao collects $3.3bn from Alibaba
Alibaba has increased its shareholding to 63%, having already acquired a majority stake in the logistics platform, also backed by Fosun and Intime Retail Group, two years ago.
36Kr broadcasts $20m IPO
Ant Financial and Nikkei-backed 36Kr has raised just a fifth of its original IPO target and shares took another 10% hit on the first day of trading.
Corporate venturing deal net: 4-8 November 2019
Each Friday, the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.
eGenesis brings about $100m series B
Leaps by Bayer has put $50m into xenotransplantation technology developer eGenesis as part of a $100m series B round that followed a $38m series A backed by Heritage Provider Network.
WealthNavi coordinates $37.6m round
Opt, NEC, Sony, Sumitomo Mitsui Banking Corporation and Mizuho Bank are among a long list of investors that have backed a $37.6m funding round for WealthNavi.
Pops Worldwide entertains $30m idea
Mirae Asset-Naver Asia Growth Fund has contributed to a $30m round for Pops Worldwide, whose existing shareholders include WarnerMedia.