AG2R La Mondiale committed capital to lending platform Younited Credit. The larger round is not surprising as the alternative lending space is experiencing a recovery after the pandemic shock.
Category: Analysis
Analysis: Didi hails $4.4bn in US IPO
The China-based ride hailing service company debuted in an upsized $4.44bn IPO, giving potential exits to several corporate backers that are among some of its largest external shareholders.
Analysis: Manbang Group goes public
A number of corporate backers scored an exit from trucking services marketplace Full Truck Alliance (Manbang Group), as the latter went public in the US. This transaction exemplifies an upward trend in exits for corporate-backed businesses from the transport and mobility space.
Analysis: Northvolt gets $2.75bn recharge
Lithium-ion battery provider Northvold has obtained its latest financing via a private placement co-led by Volkswagen and also backed by Scania.
IT sub-sector: Neo4j raises $325m
Neo4j, a US-based provider of graph-centric database and related products, has raised $325m at a more than $2bn valuation in its series F round led by France-based private equity firm Eurazeo.
May deals rise 30% on last year
Monthly analysis: May 2021
Corporates journey to South Africa
Innovative region: South Africa
Life sciences sector gives hope and continues to grow
Sector report: Healthcare
BAT unveils corporate venture capital arm
BAT is vying to become a leader in the on-the-go wellbeing and stimulation space through a new corporate venturing unit that has been quietly investing in the space since last summer.
Analysis: Nubank deposits additional $750m
Berkshire Hathaway led a second tranche of a series G round, raised by Nubank, a Tencent-backed virtual bank based in Brazil, at a $30bn valuation.
Analysis: Etsy acquires Depop
Etsy is acquiring the Gen Z-focused social commerce platform Depop, giving an exit to Lumar. The transaction and its large size may be indicative of a potential momentum for exits from emerging enterprises in this space.
Analysis: Riiid raises $175m from SoftBank
AI-based online tutor developer Riiid raised a sizeable $175m round from SoftBank. Riiid is part of the broader edtech space, which has been given much attention by corporate investors in recent years.
Sub-sector: care provision and on demand services
The gamification of life continues, just updated for the modern world it seems.
Analysis: Valmont to acquire Prospera
Crop monitoring technology developer Prospera is to be acquired by Valmont Industries in a $300m deal, giving exits to Tekfen Ventures, Cisco Investments and Qualcomm Ventures.