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Cloudera’s $225m initial public offering has been relatively successful so far, with the enterprise big data company floating above its range and seeing its share price rise more than 20% on its first day of trading. I
Deals
Didi Chuxing has confirmed $5.5bn of new funding from a consortium that sources told TechCrunch included existing investor SoftBank.
Speaking of big-spending Chinese corporates, Tencent has led a $1.2bn round for Indonesian on-demand ride service Go-Jek at a $3bn post-money valuation.
Baidu’s $3bn corporate venturing arm, Baidu Capital, has made its second investment, co-leading a $156m series B-2 round for Huochebang, the operator of an online platform that links truckers to customers who need freight delivered.
Business optimisation software producer Domo has raised $100m in series D2 financing that will be added to the $330m in series D cash it raised across 2015 and 2016.
Wuxi NextCode, a US-based contract genomics company, raised a $75m series B round co-led by Singapore government-owned investment firm Temasek and private equity firm Yunfeng Capital.
GV has led a $50m series B round for stem cell transplantation technology startup Magenta Therapeutics that included Access Industries and Partners Innovation Fund.
Satellite imaging analysis software developer Orbital Insight has raised $50m in a series C round that also featured GV, whose parent company Alphabet has perhaps been the largest CVC investor in satellite technology over the years.
On GGV, Radiology Partners (RP), a US-based physician-led radiology practice, yesterday closed a $200m funding round co-led by the Future Fund, the sovereign wealth fund of Australia, and VC firm New Enterprise Associates.
On GUV, biopharmaceutical company Sosei Group agreed on Tuesday to pay £35m ($45m) for a 25.6% stake in UK-based RNA therapy developer Mina Therapeutics and an option to buy the company.
France-based biotechnology developer Vivet Therapeutics raised €37.5m ($41m) in series A funding today from investors co-led by Novartis Venture Fund, the investment arm of pharmaceutical firm Novartis, and Columbus Venture Partners.
Funds
Xiaomi has had an ongoing drive to build an ecosystem around its smartphones and connected devices, and its latest move has been to join forces with the Chinese province of Hubei’s guidance fund, and the government of Hubei’s largest city, Wuhan, for a fund that could reach $1.7bn in size.
Nor is Xiaomi the only Chinese corporate to put together a 10-figure fund; insurance group Ping An has laid down a statement of intent, committing $1bn to a healthcare and fintech fund, citing an ambition to become an “internationally leading technology investment pioneer”.
Although some corporates in the space, notably JF Shea and Clark Enterprises, have set up CVC arms, the real estate industry has arguably been underserved by venture capital.
French VC firm Elaia Partners has raised $125m for the first close of its fourth fund, Elaia Delta Fund, attracting limited partners including corporates EDF, Nexity, Groupe ADP and MGEN.
Salesforce has unveiled a partner programme to facilitate the development of intelligent apps that can then be sold on its AppExchange marketplace, as well as a $100m fund to invest in startups developing products on its platform.
BDC Capital, the investment arm of government-owned Business Development Bank of Canada, has allocated C$1.8bn ($1.3bn) in funding to invest in growth-stage businesses in Canada.
The Russia government-owned investment vehicle Russian Direct Investment Fund (RDIF) and Japan government-owned export credit agency Japan Bank for International Co-operation (JBIC) are set to launch a joint fund, Global Trade Review reported yesterday.
The government of Singapore is set to launch a S$1bn ($718m) fund to assist businesses with development and overseas expansion as part of an effort to drive economic growth.
Exits
Canada-based biopharmaceutical company Zymeworks has raised $58.5m in an initial public offering that gave exits to pharmaceutical firms Celgene, Eli Lilly and EMS.
Home appliance manufacturer Whirlpool Corporation agreed to acquire US-based online recipe repository Yummly for an undisclosed sum, giving exits to chipmaker Intel, media group Bauer and consumer goods producer Unilever.
And Yik Yak, the US-based anonymous social media app that raised $73.5m from backers including social media group Renren, has shut down, bringing to an end a saga that included a meteoric rise on college campuses and was at one point valued at up to $400m.
“Funky Chunk” Kevin MacLeod (incompetech.com)
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