24 September 2018 – Uber in Talks to Acquire Rival Careem

Exits

Uber is already in talks to acquire Middle Eastern rival Careem and has now reportedly in negotiations to buy food delivery service Deliveroo. The price would need to be “considerably” higher than the $2bn valuation at which Deliveroo last raised money, but the transaction would give a nice exit to NGP Capital, the venture firm spun out of Nokia, which invested in Deliveroo at a reported $1bn post-money valuation.

Rocket Internet is in line for a series of IPO exits in the next few months. In addition to Westwing and Funding Circle, African e-commerce marketplace Jumia is looking to go public in a 2019 offering that could value it at about $1bn.

Eventbrite, the developer of an online ticketing platform it supplies to event promoters,has gone public in a $230m IPO. The company floated at the top of its range, which it increased on Tuesday, signifying some serious interest in advance of the offering.

Infosys sucks up Fluido in $76m acquisition

Equillium seeks $86m IPO balance

Airware comes crashing down

Allogene calls for $100m IPO

Qutoutiao reports news of $84m IPO

GlaxoSmithKline has chalked up an exit in a $106m initial public offering for oncology and immunology developer Principia Biopharma, which has floated at the top of its range.

Connected planning software provider Anaplan has filed for its own IPO and has set an initial target of $100m.

Funds

Insurance firm Aflac announced in March last year it planned to make up to $100m of investments through a newly formed corporate venturing vehicle, and while its investments have been secretive they’ve apparently interested the company enough to increase activity.

Ajao’s Base attracts $137m for first fund

Golden Gate closes third fund with $100m

Corporates nurture $70m Raise Ventures fund

Deals

Saudi Arabia’s Public Investment Fund has agreed to invest some $1bn in Lucid Motors, the developer of a luxury plug-in electric sedan.

Tuhu, a Chinese provider of automotive after-sales services, has raised $450m in a series E round featuring Tencent, which invested in connection with a strategic partnership agreement.

Yi Jiupi E-Commerce, the operator of Chinese wine retail platform E Jiupi, has reportedly secured $200m in a series D round co-led by Meituan Dianping and Tencent that valued it at $1.1bn.

Electric bus producer Proterra has raised another $155m in a round that was co-led by Daimler, which will explore the use of Proterra’s battery and electric drivetrain technology in its school buses.

Galera Therapeutics has secured $150m in financing, $70m of which came in a series C equity portion backed by Nan Fung Life Sciences and existing investors Novo Ventures and Novartis Venture Fund.

UiPath continues to bring in big money six months after closing a $153m series B round by collecting $225m in series C funding from backers including CapitalG, which co-led the round with Sequoia Capital.

GitLab programs $100m series D

India-based social networking app developer ShareChat has added $99.2m to its coffersthanks to commitments from investors including Xiaomi, which previously led an $18.2m series B round in January this year.

Enigma has become the first portfolio company both of BB&T’s fintech-focused vehicle and MetLife’s co-investment fund MetLife Digital Ventures by attracting $95m in funding.

GUV

Immune-Onc books $33m series B


“Funky Chunk” Kevin MacLeod (incompetech.com)
Licensed under Creative Commons: By Attribution 3.0

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