10 June 2019 – Google Agrees $2.6bn Acquisition of Looker

The Big Ones

JD.com has agreed to lead a round for electronics recycler Aihuishou that will be more than $500m in size. The deal will also involve JD.com, an investor in the company since at least 2015, merging its second-hand e-commerce subsidiary, Paipai, with Aihuishou.

Google has agreed to purchase data analytics software provider Looker in a $2.6bn acquisition that will surely be one of the year’s largest.

SoftBank Vision Fund is still seeking out new forms of financing, and is reportedly in talks with banks such as Goldman Sachs over a $4bn debt financing package that will effectively use its stakes in Uber, Guardant Health and the soon-to-list Slack as its basis.

Healthcare-focused investment firm Deerfield Management added a partnership with Columbia University to its roster of academic biomedical alliances yesterday with the launch of an up to $130m investment vehicle, Hudson Heights Innovations.

Deals

Swiggy is battling Zomato for dominance in India’s online food delivery sector, and may be about to recruit a powerful ally in SoftBank.

Bordrin Motor is the latest Chinese smart electric vehicle developer to pull in big funding, securing $362m in a round led by a Sinochem vehicle called Silver Saddle Equity Investment Management.

Speaking of SoftBank, the telecommunications and internet group has also invested $200m in online consumer loan provider Creditas.

Hupu is still preparing to float in its home country of China, but before that, digital media company Bytedance has invested $182m in the sport-focused online media provider in return for a 30% stake.

Foursquare seems to have been around forever and has had some hiccups, but it’s raising more money than ever. Merchant bank Raine Group has invested $150m in the location-based app developer, whose existing backers include Naver and corporate venturing units OATV and Simon Ventures, and is using some of it to acquire location data-tracking software provider Placed from Snap, which bought the company for $135m two years ago.

SoftBank Vision Fund invested $100m in Brazilian logistics platform Loggi towards the end of last year and has now returned to lead another $100m round.

Endpoint security software provider SentinelOne has secured $120m in a series D round that included Samsung Venture Investment to boost its total funding to $230m.

Yellowbrick Data has raised $81m in series C funding from investors including BMW i Ventures, Siemens’ Next47 unit and Alphabet subsidiary GV to boost its overall funding to $173m.

Exits

Global Fashion Group, a consortium made up of investors including Rocket Internet, Access Industries and Tengelmann Ventures that oversees four fashion e-commerce marketplaces is looking to go public as early as next month.

Japanese digital business card platform Sansan has priced its initial public offering at the top of its range and is set to raise about $360m, including the over-allotment option, when it floats in Tokyo.

Adaptive Biotechnologies has filed to raise up to $230m in an initial public offering, following the inking of a collaboration deal with Genetech in December that could potentially be worth $2bn.

Another unicorn, fitness subscription service Peloton, has confidentially filed for an initial public offering. Its investors include Comcast NBCUniversal and Grace Beauty, and it was valued at more than $4.1bn when it last raised money, in August.


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

18 September 2017 – ZhongAn Lines up $1.5bn IPO

Exits

All eyes will be on Chinese online property and casualty insurance platform ZhongAn next week as it is lining up a Hong Kong IPO that could net it as much as $1.5bn.

Advanced data centre developer and builder Switch is looking at its fifth straight profitable year, and has filed to raise up to $100m on the NYSE, in an offering that will allow Intel Capital to exit.

Volvo has closed the acquisition of on-demand valet parking service Luxe, which was valued at $140m as of its last funding round, for an amount reckoned by TechCrunch to represent pennies on the dollar.

Perhaps showing that there’s still plenty of room for offline consumer brands to emerge, as long as they appear sufficiently high-quality, Nestlé has agreed to buy a 68% majority stake in Blue Bottle Coffee, an upscale coffee brand that as of the start of 2017 had only 29 branches across four US and Japanese cities.

Investments

Alphabet is already an investor in Uber, its GV unit (then known as Google Ventures) having made a big bet in its 2013 series C round. Now however, the corporate is reportedly in talks to invest $1bn in its main US rival, Lyft.

Uber is reportedly in line for a mammoth investment by SoftBank, Didi Chuxing and Dragoneer that will involve the firms investing between $8bn and $10bn in the company in the form of primary and secondary share purchases.

Augmented reality technology developer Magic Leap remains in stealth and is yet to release a product, but that doesn’t mean investors aren’t still interested. The company is looking to raise $500m in a series D round that could include Singapore’s Temasek, and which would follow a $794m Alibaba-led series C round in early 2016.

United Imaging Healthcare collects $505m series A

Wish aspires to $250m in funding

Genomic testing and research service 23andMe has raised $250m in a Sequoia Capital-led round that reportedly valued it at $1.5bn pre-money, taking its total funding to about $490m.

Goldman Sachs has supplied approximately $133m in debt and equity financing for Neyber, a UK-based online lender that takes repayments directly from a borrower’s salary.

Government

Foodee serves up $8.2m series A

Funds

Samsung meanwhile is making a big play in connected and autonomous car technology,putting together a $300m fund to make strategic investments in the sector.

Asus finds Fenox VC for $50m fund

Madasamy moves from Qualcomm to $50m fund

University

Mars Innovation sets up Lab150 experiment

Austria boosts spinout support

Government

Ireland acts on $120m fund

Kerala accepts $78m mission

ScaleUp grows to $82m with BC Tech Fund


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