Tencent has recommitted to providing $150m for language tutoring platform VIPKid, having reportedly withdrawn from a verbal agreement to invest last month.
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.
TouchBistro tucks in $119m
Recruit and Just Eat-backed TouchBistro has collected another $119m thanks to investors including strategic partners Barclays and JP Morgan Chase.
Henlius hails $410m IPO
Fosun-backed Shanghai Henlius Biotech has priced shares at the bottom of its range to raise $410m in its initial public offering ahead of public trading next week.
Acronis accrues $147m
Goldman Sachs has led a $147m funding round for cybersecurity developer Acronis, pushing the company’s valuation beyond the $1bn mark.
EdiGene cleans up with $11m
Lilly Asia Ventures has returned for the genomic drug developer’s latest round, having already taken part in a $15m pre-series B round just over a year ago.
Imara intends to float
Lundbeck, Pfizer and Alexandria Real Estate Equities are all in line for exits after Imara revealed it has confidentially filed for an initial public offering.
GitLab gets $268m in series E round
Existing shareholder Goldman Sachs has co-led a $268m series E round for GitLab that valued the GV-backed software development platform at $2.75bn.
TuSimple eases to $215m series D close
TuSimple has secured a $120m series D extension from investors including Mando and UPS, bringing the oversubscribed Sina-led round to a $215m close.
Beekeeper takes care of $45m series B
Edenred, Samsung, Swiss Post and Swisscom all returned in a $45m series B round for Beekeeper, which is targeting accelerated adoption of its workforce communications platform.
Setting up records – 2019’s first half in university venture
Sister publication Global University Venturing’s analysis of the second quarter of 2019 shows increased investment activity as the year progresses and record-breaking amounts generated through exits.
GA helps build Digital Base
Digital Base Capital has attracted a commitment from GA Technologies as it seeks to promote the property technology sector in Japan.
Joonko juggles $11m in seed round
Corporates Ping An and Raisin have invested in Joonko, a financial services comparison portal launched by Ping An portfolio company Finleap.
Terafunding befriends investors for $18m
Peer-to-peer lending platform Terafunding has revealed a series B round closed last month backed by Woomi Construction, Hana Ventures, and IBK Industrial Bank.
Metrological forecasts Comcast acquisition
Comcast has reportedly purchased over-the-top video platform Metrological, providing an exit to Liberty Global.