SoftBank Vision Fund is reportedly considering an investment of between $200m and $350m in healthcare and wellness group CureFit.
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.
Investors drive Druva forward with $130m
NTT-backed data management software producer Druva has closed a $130m round led by Viking Global Investors and acquired M12-backed data transfer platform CloudLanes.
Haoqipei motors on with $60m series D
Existing shareholder Access Industries has led a $60m series D round for business-to-business car parts marketplace Haoqipei, while Susquehanna International Group also returned.
Corporates to enrich Paytm Money with $1.2bn
Ant Financial and SoftBank have expressed interest in backing a $1.2bn funding round for Paytm Money, the wealth management subsidiary of their portfolio company One97 Communications.
BioSerenity eases its way to series B stage
Dassault Systèmes has led a $56.5m series B round for health monitor developer BioSerenity, which also welcomed back return investors Idinvest Partners, LBO France and BPIfrance.
Capstone connects to $42m fund
Korea Telecommunications Operators Association is among the limited partners in a $42m fund aimed at technologies such as artificial intelligence, big data and 5G networks.
Wu takes cue at Alibaba Innovation Ventures
Chief financial officer Maggie Wu has been put in charge of strategic acquisitions and investments at Alibaba, replacing executive vice-chairman Joe Tsai.
Catalys Pacific catches $100m for debut fund
Chugai, Eisai, SoftBank, Takeda and Celgene have contributed to healthcare venture firm Catalys Pacific’s inaugural fund, which has a target size of $100m.
Research reward – GUV’s award for spinout investment
Winner of the CVC Investment in a Spinout of the Year: Ribon Therapeutics – Novartis Venture Fund, Johnson & Johnson Innovation–JJDC, Takeda Ventures, Celgene
Zhenkunhang procures $160m in series D funding
Tencent has led a $160m series D round for business-to-business e-commerce platform Zhenkunhang that was also backed by return investor Legend Capital.
Cathay catches $358m for corporate-backed fund
ADP, SEB, Michelin, Valeo, Accor, BioMérieux, Dassault, JCDecaux Holding, Kering and Pernod Ricard have all contributed to the venture fund’s $358m first close.
CPPIB seeks $150m Delhivery investment
Canada Pension Plan Investment Board is in the process of acquiring an 8% stake in SoftBank, BCC and Fosun-backed Delhivery through a secondary transaction that will value the delivery services provider at almost $1.9bn.
PayU identifies Iyzico for $165m acquisition
Iyzico has agreed to an acquisition by Naspers-owned PayU sized at $165m, after raising $24m in equity funding between 2013 and 2017 from investors including Beenos.
We Company to buy Indian franchise for $1.9bn
WeWork India, a local franchise of co-working space operator We Company that is backed by Embassy, is set to sell a 70% stake for a $1.9bn in cash and shares.