Led by two former Caixa Capital team members, Indico Capital Partners has raised $47m for the first close of a fund that will target Portuguese and Spanish startups.
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.
Magenta implements $100m fund
Magenta Venture Partners, a joint venture between Mitsui and two Israeli venture capitalists, is seeking a $100m close to invest in Israel-based startups.
Slack slides in plans for direct listing
Slack, which is backed by Comcast Ventures, SoftBank and GV, and valued at $7.1bn, is set to forego an initial public offering and instead opt for a direct listing.
Lambda School passes $30m exam
The computer science academy has raised series B funding at a $150m valuation from investors including GV, three months after closing its series A round.
Akulaku to accrue $100m in series D funding
Ant Financial is considering a commitment to a forthcoming round for instalment buying and lending platform Akulaku as a strategic investor.
Ola organises $74m from Steadview Capital
Existing backer Steadview Capital has provided another $74m for ride hailing platform Ola, whose shareholders also include Tencent, SoftBank and Didi Chuxing.
Bird to swoop for $300m
The Simon-backed scooter rental service is set to double the size of its series C round with a $300m investment led by Fidelity that will value it at $2bn.
Midea initiates fund with $293m target
Appliance manufacturer Midea is targeting between $147m to $293m for the fund and has contributed $44m through its own investment arm.
Quovo plugs into Plaid in $200m acquisition
Salesforce and Power Financial are set to exit Quovo, a fintech developer that had secured $20m in capital, in a purchase by Plaid for up to $200m.
CloudEndure undergoes $200m acquisition by Amazon
Amazon has purchased CloudEndure, a data recovery technology producer that had raised more than $18m from investors including Infosys, Dell EMC and Mitsui, for $200m.
Byton bids to raise $500m
Months after raising $500m in an FAW and Contemporary Amperex-backed series B round, the electric car developer is seeking another $500m before it floats.
Corporates help Schrödinger score $85m
Schrödinger raised $85m from investors including WuXi AppTec and GV and will use the money to expand the capabilities of its drug discovery software.
Tokyo Century takes Grab investment to $175m
Tokyo Century has now invested a total of $175m in Grab, helping to boost the ride hailing service’s ongoing series H round to more than $3bn.
Boom Supersonic smashes series B with $100m
Ctrip and Japan Airlines-backed supersonic aircraft developer Boom has completed a $100m series B round that brought its total funding to more than $140m.