04 April 2022 – Instacart snips valuation to $24bn

Instacart snips valuation to $24bn

US-based online grocery delivery service Instacart, which is backed by corporates American Express, Comcast and Amazon, is cutting its valuation from $39bn to $24bn.

GoTo gets $1.1bn in initial public offering

GoTo Group, the Indonesia-based joint venture between ride hailing platform operator Gojek and e-commerce group Tokopedia, has floated in a $1.1bn IPO.

AN2 Therapeutics prices $69m IPO

US-based lung disease therapy developer AN2 Therapeutics, which counts pharmaceutical firm Brii Biosciences as a backer, has raised $69m in an IPO.

Liberty Strategic Capital to buy Zimperium for $525m

US-based mobile security platform developer Zimperium, which counts corporates SoftBank, Telstra, Toyo Corporation and Samsung as investors, agreed to a $525m acquisition by private equity firm Liberty Strategic Capital.

LetsGetChecked to buy Veritas Genetics

At-home diagnostic test provider LetsGetChecked agreed to acquire US-based genetic testing technology developer Veritas Genetics for an undisclosed sum, providing exits for pharmaceutical firms Eli Lilly and Jiangsu Simcere Pharmaceutical.

JD Property houses $800m

E-commerce group JD.com’s real estate services subsidiary, JD Property, has raised approximately $800m in series B funding.

WeRide zooms to $400m

China-based autonomous driving technology producer WeRide has raised $400m from investors including car manufacturer GAC and industrial technology and appliance manufacturer Robert Bosch.

Soterea buckles up $204m

Insurance group Ping An has led an over $204m series B round for China-based driving safety technology provider Soterea.

Nova Labs surges to $200m series D

US-based decentralised wireless communications technology provider Helium rebranded to Nova Labs, having secured $200m in series D funding from investors including Alphabet, Goodyear, Liberty Global and Deutsche Telekom.

Deepki tracks Statkraft to raise $167m

Deepki, the creator of a software platform which tracks ESG data for the real estate sector, secured $167m in series C funding from investors including power producer Statkraft.

LayerZero Labs stacks up $135m

Canada-based blockchain technology developer LayerZero Labs secured $135m in a funding round co-led by cryptocurrency exchange FTX.

Tishman Speyer tips $100m into venture fund

US-based real estate developer Tishman Speyer has raised $100m for a property technology-focused venture capital fund.


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

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