26 June 2017 – Impact Revolution…Led By Entrepreneurs

News

US looks into regulating Chinese investment

PraxisUnico challenges universities to collaborate with industry

Funds

Juewei and Ele.me to cater to startups

Sanovas performs $75m fundraising

Corporate-backed 500 Startups Japan scales to $35m

Foxconn joins Hardware Club

Government

Scotland readies $250m in funding

The 23 Fund: a new model for growth capital in the world’s poorest countries

Exits

Walmart has sealed the acquisition of online men’s fashion brand Bonobos with $310m in cash, and we examine the purchase in this week’s Big Deal.

Government

Catapult Therapy TCR hits exit

Deals

Vice Media continues to go from strength to strength, and has secured its largest investment yet, raising $450m from private equity group TPG at a $5.7bn valuation.

JD.com has provided $397m of equity funding for luxury fashion e-commerce platform Farfetch as part of a strategic partnership agreement that will involve it helping US-based Farfetch expand in its own home country of China.

Advanced bedding producer and online retailer Casper has officially closed a $170m series C round led by Target, the retail chain that reportedly tried to buy it a few months back.

Healthy meal subscription service Freshly has raised $77m in a round led by new strategic partner Nestlé USA, bringing its total funding to approximately $107m altogether.

Fitness membership service ClassPass has had some bad publicity in the last year, due to it hiking up prices and getting rid of its unlimited membership plans, but that apparently hasn’t stopped it doubling its membership. It also hasn’t prevented a $70m series C roundthat included existing backer GV.

SoftBank put up $50m of the $59m in series C funding endpoint security software provider Cybereason raised in late 2015, and now it’s agreed to add $100m in a deal that will make it the company’s largest shareholder.

Scopely, the developer of an interactive gaming network focused around its own mobile games, has raised $60m in a series C round that took its overall funding to almost $160m.

FuboTV offers a 55-channel over-the-top video streaming service to its subscribers, but it aims to increase its size with the proceeds from a $55m series C round.

Syntimmune, the developer of a therapy that could treat a range of autoimmune conditions, has raised $50m in a series B round led by venture firm Apple Tree Partners.

Farfetch’s climbing valuation is a good omen for the UK’s startup scene, and another UK-based company, digital wealth manager Scalable Capital, has pulled in $33.5m in a series B round led by strategic investor BlackRock that included existing backer Tengelmann Ventures.

Government

IP Group updates Touchstone offer

Touchstone continues to make Impression


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

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