Intel Capital-backed online pharmacy 1mg is in the process of raising $70m in funding, with International Finance Corporation expected to contribute.
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.
Maze finds its way to $191m
GV and Alexandria Venture Investments have taken part in a $191m funding round to launch Maze Therapeutics with scientific co-founders from multiple universities such as Harvard and Stanford.
Danke houses $500m series C
Ant Financial has co-led a $500m series C round for Danke Apartment, which previously collected funding from investors including Bertelsmann and Ucommune.
Uber nears $3bn Careem acquisition
The two companies initially entered discussions about a $2bn to $2.5bn merger in July last year, but the transaction is now expected to reach $3bn and consist of cash and shares.
Presto dishes up $30m round
Recruit Holdings has co-led a $30m funding round for hospitality software developer Presto, which previously raised capital from investors including Intel Capital.
Ionic adopts series E culture
GV has returned for a $40m series E round for Ionic Security, which also attracted Google as a separate investor and brought its total funding to $162m.
Anthos finds $250m rhythm
Blackstone Life Sciences and Novartis have launched Anthos Therapeutics, with the former putting in $250m and Novartis licensing one of its assets to the startup.
Coinbase pockets GIC as investor
Singapore’s sovereign wealth fund GIC has been revealed as a backer in corporate-backed Coinbase’s $300m series E round last October.
Chehaoduo motors ahead with $1.5bn
SoftBank Vision Fund has committed $1.5bn to Chehaoduo, whose past funding rounds include a $818m series C round led by Tencent a year ago.
ThirdLove embraces $55m round
Novel Group-backed lingerie manufacturer ThirdLove has closed a $55m funding round after investors including L Catterton pre-emptively approached the company about investing.
Vast Data stores $80m
Vast Data has emerged from stealth with a total of $80m in funding raised over two rounds from investors such as Dell Technologies Capital.
BillDesk processes $85m
Visa has contributed to an $85m funding round in BillDesk, despite reports last year that suggested the corporate could provide as much as $300m.
Motif Ingredients structures $90m series A
Ginkgo Bioworks has spun out Motif Ingredients with $90m in series A funding provided by investors including Louis Dreyfus Company and Fonterra.
Futu revises IPO plans
Tencent-backed Futu has set its range at $10 to $12 and stands to raise a maximum of $150m, half of the $300m it had initially targeted.