Ping An has led a $47.3m investment in Finleap through its Global Voyager Fund, joining a list of shareholders that already included Hannover Re and Signal Iduna.
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.
BillDesk itemises $300m Visa investment
Visa has provided a reported $200m in equity funding for bill payment platform BillDesk and bought up to $100m worth of shares in a secondary transaction.
ASCL to fly to Tokyo listing
Drone provider Autonomous Control Systems Laboratory plans to float on December 21, having raised at least $25m in VC funding from investors including Rakuten.
Acorns to manage $100m investment
PayPal and Rakuten-backed savings platform Acorns Grow is looking to raise more than $100m in a corporate-led round that will value it at $700m.
Corporates move into $108m RET fund
Real Estate Technology Ventures has achieved a final close of $108m for a first fund backed by Aimco, Boardwalk, Essex, MidAmerica and UDR, and made a follow-on investment in SmartRent.
Legrand nets portfolio company Netatmo
Legrand has acquired its portfolio company Netatmo for an undisclosed amount, three years after the corporate led the smart home device maker’s $32m series B round.
When the comic gets serious
The announcement of Nobel laureates for 2018 has exposed the public once again to world-changing research emerging out of universities.
Symantec gains Appthority in acquisition deal
Symantec Ventures has exited mobile cybersecurity platform developer Appthority in an acquisition of undisclosed size by its parent company.
Rael rolls into series A round
SoftBank Ventures Korea, which previously led a $2.1m seed round for Rael six months ago, has returned to contribute to a $17.5m series A alongside GS Retail Fund.
Lloyds turns on Thought Machine in series A round
Lloyds took a 10% stake as it led a $23.5m series A round for Thought Machine, gaining access to the fintech developer’s cloud-based banking platform.
Ayar Labs lights up $24m series A
GlobalFoundries and Intel both took part in a $24m series A round for Ayar, which will use the money to commercialise its light-based data transmission technology.
Dynamic Yield regenerates with $38m series D
Naver has joined Dynamic Yield’s series D round, which now totals $38m, three months after Union Group contributed to its initial close.
Opera shoots for StarMaker with $30m
Opera has injected $30m into entertainment-focused social media company StarMaker and secured an option to acquire a majority stake in 2020.
Portag3 banks on corporates for second fund
Power Corporation’s Portag3 Ventures has achieved a first close of $150m for its second fund thanks to a range of insurance and financial services investors.