24 October 2016 – Temasek Invests $250m, SoftBank and Saudi Arabia Create a Fund and Much More

Investments

Cancer drug developer ADC Therapeutics has taken its total financing to $225m with a $105m private placement that included existing investor AstraZeneca.

Mobike has closed more than $100m in funding from investors including Tencent.

Mitsui has led a $100m round for MatahariMall.com, an e-commerce platform launched by real estate conglomerate Lippo Group with $500m last year.

Online wholesale alcohol retailer Yijiupi has also raised $100m, in a series C round backed by local reviews and group buying platform Meituan-Dianping which will fuel an expansion drive the company hopes will more than double the 72 Chinese cities in which it operates by the end of 2017.

GE Ventures, Envision Energy and Inven Capital have contributed to a round for energy storage and management technology provider Sonnen that has closed at $85m.

Oblong Industries, a gesture-based user interface spinout of MIT Media Lab, secured $65m in funding on Wednesday from investors including Utimco, the investment arm of University of Texas System.

Temasek, the sovereign wealth fund of Singapore, today invested $250m in US-based healthcare conglomerate Columbia Pacific Management’s Chinese subsidiary Columbia China.

Funds

Online media brands Thrillist, NowThis, The Dodo and Seeker joined forces last week to form a new holding company called Group Nine Media, fueled by a $100m investment by Discovery Communications.

French venture firm Daphni has launched a $165m fund with backing from LPs including corporates Nokia, MAIF and Fnac-Darty.

The government of Saudi Arabia joined forces with Japan-based conglomerate SoftBank on Friday to launch a $100bn vehicle dubbed SoftBank Vision Fund.

Exits

Quantenna, which has raised more than $200m in debt and equity since 2005 from investors including NTT, Vivint, Swisscom and Telefónica, has set the range for an offering that could raise up to $107m.

Gene editing company Crispr Therapeutics went public in a $56m IPO that was priced below its range, but which was executed concurrently to a $35m investment by existing backer Bayer Global Investments.

There’s a big new player in the Asian travel services industry, after MakeMyTrip acquired Ibibo Group in an all-share deal that reportedly valued Ibibo at $720m.

Salesforce has scored a decent-sized exit after cloud services provider Appirio agreed to a $500m acquisition by IT services firm Wipro.

Investment manager and research provider Morningstar has agreed to acquire financial data platform Pitchbook in a $180m deal that will see it buy the 80% of the company it does not already own.

Curtin University spinout ePat Technologies, which is developing facial recognition technology, floated on the Australian Stock Exchange (ASX) on Thursday.

General trading firm Mitsubishi Corporation purchased a 60% stake on Friday in ElectroRoute, an Ireland-based energy trading and services firm backed by government-owned export development agency Enterprise Ireland.

People

Dinesh Moorjani has become Comcast Ventures’ ninth managing director, joining the unit from Warburg Pincus.

Bruce Zimmerman, chief executive of Utimco, last week announced that he is stepping down from the position after a decade of leading the investment company of University of Texas System and Texas A&M System. Zimmerman was appointed as chief executive and chief investment manager in 2007.

Edinburgh Research and Innovation (ERI), the commercialisation arm of Edinburgh University, has appointed George Baxter as its new chief executive effective October 24.


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

10 October 2016 – Possible Snap IPO, Exit for Time Warner Investments, Investment News and Much More

Feature

GV’s new leader’s steady hand

People

Microsoft continues rapid hiring and investment pace

Leeney leaves Telefonica

Funds

Spanish VC firm Kibo Ventures has raised $79m for the first close of its second fund, which it aims to expand to roughly $110m for its final close.

Ideo designs investment firm

University Corner

KU Leuven researches $67.5m fund

Government Department

Europe sets up venture markets

Exits

Time Warner Investments had made a decent-sized exit from marketing data management software company Krux, which has been acquired for about $700m by Salesforce.

Continental picks up Daimler-backed Zonar

Snap, which rebranded from Snapchat a few weeks ago, is said to be preparing for an IPO that could take place as soon as March 2017, and which could value it at $25bn, a steep jump from the $18bn post-money valuation at which it last raised funding, in May.

Obalon Therapeutics, developer of a gastric balloon to aid weight loss, has meanwhile raised $75m in an IPO that could potentially rise to more than $86m.

Investments

Payoneer to break new ground in $180m round

Sumitomo Mitsui Card Company adds investment to Stripe

Connected device network developer Sigfox is also looking to boost its coffers and is looking to raise $100m to $200m in a round that will feature an as yet unnamed Chinese strategic backer, and which will value it at $600m, a 50% jump from its last round in early 2015.

NTT drives Druva’s $51m series E

Rover, the dogsitting marketplace backed by Petco, was rumoured last month to be raising $40m in series E capital from Foundry Group, Menlo Ventures and Madrona Venture Group. Today, the company confirmed the deal, though it didn’t say whether the estimated valuation of $300m was also correct.

Remitly, a mobile remittance services provider that focuses primarily on foreign workers in the US hoping to send money back to family, has added a combined $38m in equity and debt from Silicon Valley Bank and International Finance Corporation to its coffers.

Welltok knocks out $33.7m round

Clearpath reaches corporates for $30m

Online video publishing platform Tout has secured $26m in a series C round backed by sports entertainment provider and partner WWE, after closing a $13.4m round in 2012 that featured a $5m investment from WWE.

Grana targets $10m in Alibaba-backed round


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