12 June 2017 – Essential Houzz Deals and Much More

Deals

Houzz is reportedly nearing the close of a $400m round led by multi-family office Iconiq Capital that will value it at about $400m.

Essential, the smartphone startup founded by Andy Rubin, formerly head of Android at Google, has reportedly raised $300m at a valuation somewhere between $900m and $1bn.

Pinterest has raised $150m from existing investors – one of which may have been Rakuten – at a $12.3bn valuation.

Adaptive cybersecurity technology provider Illumio has raised $125m in a series D round that included a range of new and existing investors, and which reportedly valued it at more than $1bn pre-money.

Bitcoin and ethereum both reached new highs today, which makes it timely that crytocurrency management platform Coinbase is reportedly in talks to raise about $100m of new funding at a $1bn valuation.

Earlens, the developer of an advanced hearing aid that uses light to transmit sound, has closed a $73m series C round backed by medical device makers Medtronic and Cochlear alongside a $45m secured debt facility from CRG.

Tantan, the developer of a Chinese dating and social networking app that bears an, ahem, passing resemblance to Tinder, has pulled in $70m in a series D round led by YY. Tantan.

Coursera has boosted its total funding to $210m with a $64m series D round that, according to TechCrunch, valued it at $800m.

Logistics services provider Shansong Express, already backed by a subsidiary of Susquehanna International Group, has added Hearst Communications and Beijing Hualian Group to its shareholders thanks to a $50m series C+ round.

Funds

Fosun Kinzon Capital, the venture capital firm sponsored solely by conglomerate Fosun International, is set to invest $100m in Indian startups by the end of the calendar year, if an unnamed “top executive” is to be believed.

Legend Capital, the Chinese VC firm backed by Lenovo owner Legend Holdings, has reached the $448m final close of its latest fund.

On GUV, the Pittsburgh Revolution Fund is targeting a $200m close to support drug research teams that will form spinouts of University of Pittsburgh.

And on GGV, the government of Canada is planning to launch a C$400m ($296m) Venture Capital Catalyst Initiative to support small and medium-sized enterprises.

The government-owned Business Development Bank of Canada (BDC) is dedicating C$250m ($185m) towards growth equity over the next five years through investment arm BDC Capital.

AP2, a Swedish government-mandated pension fund, has injected $50m into the impact investment vehicle Rise Fund, which is aimed at a variety of global social challenges.

Irish state-owned export credit agency Enterprise Ireland is looking to raise €60m ($67m) with a regional development fund, according to the Irish Independent.

Exits

Mersana Therapeutics, which is working on antibody drug conjugates to treat cancer, has filed to raise $75m in an IPO that will allow Takeda and Pfizer to exit the company.

Delivery Hero has formally revealed it is seeking to go public this year, and is planning to issue more than $500m of shares in Germany and Luxembourg.

Aileron Therapeutics has filed for a $69m IPO that will support research and clinical development for a cancer treatment dubbed ALRN-6924.


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

13 February 2017 – Used Vehicle Marketplace Uxin Raises $500m and Much More

Deals

Mobile wallet operator Mobikwik has raised more than $120m from an investor base that includes corporates Net1, Cisco, American Express, GMO and Mediatek, and is currently in talks with investors for a round that could value it at up to $1bn, CEO Bipin Preet Singh has told Reuters.

View has been developing its Dynamic Glass, which tints to help control light and temperature in a building, since 2007 and has now added $100m in funding in a round that included $50m from Nuveen affiliate TIAA Investments.

Urban logistics services provider Shansong Express has raised $50m in a series C round co-led by SIG Asia that will be spent on growth and product development.

Alphabet subsidiary GV has led a $45m series C round for metal 3D printing technology developer Desktop Metal that included fellow corporate venturing units BMW i Ventures and Lowe’s Ventures. Desktop Metal, now valued at $350m according to the Wall Street Journal, has raised approximately $97m in total and its previous investors include General Electric and Saudi Aramco.

Mojo Networks, a 13-year old company that provides cloud wifi services to large businesses, has raised $30m in series E equity financing and debt, with strategic partner Alpha Technologies among the participants.

Cisco Investments has co-led a $30m series C round for Exabeam that took the cybersecurity platform developer’s overall funding to $65m.

On Global University Venturing we’ve had Tsinghua Holdings, a subsidiary of Tsinghua University, leading an $18m series B round for THG Ventures, a China-based cancer diagnosis and therapy company.

We also have Leeds University, which has spun out Dietary Assessment, which has developed a tool to enable researchers and health professionals to monitor diet and analyse food and drink consumption with a view of helping reduce diet-related conditions such as diabetes.

Indiana University meanwhile has established Digital Health Solutions to exploit a software that helps paediatricians make better use of electronic health records by collecting and analysing questions about a child’s health and flagging potential health issues.

On GGV, India-based online automotive classifieds service CarTrade, has raised $55m in funding co-led by Singaporean government-owned investment firm Temasek.

Funds

Legend Capital, the Chinese venture firm sponsored by Lenovo owner Legend Holdings, has raised $243m for a fund it is looking to close at $375m, according to a regulatory filing.

In Southeast Asia meanwhile, ride ordering service Grab has committed to providing at least $100m for Indonesia-based startups as part of a $700m investment initiative in the country.

Indian consumer electronics producer Micromax is set to the be the anchor investor in a venture capital fund called Orbis Capital, and is in the process of securing limited partners that will increase the fund’s size to $100m.

Frontline Ventures, a VC firm based in the UK and Ireland, closed a €60m ($65m) fund on Tuesday with support from investors including the European Investment Fund.

Greece on Monday launched a call for financial institutions and private investors to participate in its VC fund Equifund.

Government-owned export credit agency Enterprise Ireland’s €175m ($185m) seed and venture capital programme, the state-owned €8bn Ireland Strategic Investment Fund and the European Investment Fund have committed capital to VC firm Seroba Life Sciences’ €100m third fund.

And finally, Russia Direct Investment Fund, the country’s government venturing arm, has said it expects more than $1bn in additional funding by the end of 2017 as its peer Qatar Investment Authority pledges to increase the size of its co-investments alongside RDIF.

Exits

Kuaishou, the China-based developer of a photo and video-sharing app similar to Instagram and Snapchat, is planning an IPO in the US in the second half of 2017, undisclosed sources have told TechCrunch.

Sophos has agreed to acquire Invincea in a deal that will give an exit to Dell Ventures, just three months after the unit took part in a $10m round for the anti-malware software developer.

Detsky Mir, a Russia-based children’s retailer backed by the Russia-China Investment Fund (RCIF), raised 21.1bn rubles ($355m) yesterday in its initial public offering on the Moscow stock exchange. RCIF is a joint initiative between sovereign wealth funds China Investment Corporation and Russian Direct Investment Fund.


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