Signite Partners said it had invested because “millions of people use Grab daily”.
Category: Uncategorised
Merger and divestment natural responses
The so-called K economy this year, between primarily digital winners and a majority of laggards, is creating some resultant restructuring.
Salesforce flies into $28m Airkit round
Salesforce Ventures has backed customer service software provider Airkit’s first public round alongside venture firms Accel and Emergence Capital.
Green shoots for manufacturing
There still remains such a chasm of scale between venture approaches to important strategic technology areas between countries.
Preparing for the next cycle
There are some seismic developments happening in the economy outside of healthcare.
SAB nabs $14m series B
Merck & Co backed a $14m series B for SAB Biotherapeutics, which is developing drugs for two forms of coronavirus including Covid-19.
ViaCyte stabilises series D at $107m
The diabetes treatment developer, which counts WL Gore and Johnson & Johnson as investors, has raised a further $27m for its latest round.
Cash forces investors and companies to look earlier and faster
The deluge of cash being raised by VCs – at about $60bn last year – as well as other investors coming in has given more capital options to entrepreneurs and put pressure on how firms source deals.
GCVI Summit 2020: Artificial intelligence applications in healthcare
In this keynote interview, Renee Yao asked Scott Barclay, Fabien Beckers and Chakri Toleti where artificial intelligence applications in healthcare are headed.
Flow floats to $37m series B
Fung Capital-backed cross-border services business Flow won the backing of American Express Ventures in a round that will fund platform development and hiring.
Zhuan Zhuan tees up $300m series B
Consumer goods portal Zhuan Zhuan will bolster its coffers with funding from controlling shareholder 58.com and existing investor Tencent.
Hound Labs books $30m in series D round
Insurance broker NFP’s corporate venturing vehicle was among the investors in a round that will accelerate commercialisation of Hound Labs’ advanced breathalyser.
Sitateru reaches $18.5m of total funding
Marketing firm Opt’s corporate venturing arm has joined multiple corporates to provide an undisclosed sum to the garment production platform operator, which increased its total funding past $18m.
Wang makes landing at Legend Capital
Piau Voon Wang has joined Legend Capital as managing director and chief operating officer, on the back of earlier appointments at a number of investment firms.