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Best Logistics has closed a massive $760m funding round that shows how big China’s logistics sector is growing in the wake of the country’s e-commerce success.
SoFi received $1bn from backers including Renren and SoftBank at a $4bn valuation in October, followed that up with another $150m from Renren the following month, and is now reportedly lining up a $500m round, though the prospective investors are yet to be revealed.
Moderna Therapeutics closed a huge $450m round at the start of last year that valued it at $3bn, and now the RNA therapeutics developer has revealed $474m in new equity financing which, a regulatory filing indicates, includes the $140m invested by AstraZeneca last month.
Online car marketplace Cheyipai has raised $185m in funding from investors including Renren and Tencent, but is now changing tack by switching from a business-to-consumer model to one that serves other businesses. That pivot may be part funded by car manufacturer BAIC, which is reportedly in talks to lead a $45m round.
Chinese automotive marketplace RenRenChe is less than three years old, but has secured $150m in a round backed by new and existing VC investors.
Didi Chuxing has had quite a year and it continues to go from strength to strength, closing $120m in funding from manufacturing services provider Foxconn at a $33.7bn valuation.
Novartis Venture Fund has co-led a $40m series E round for Rox Medical, the developer of a device that will treat hypertension in older patients.
Rigontec, a biopharmaceutical spinout of Bonn University, today achieved a third and final close of its series A round at $32.3m with public-private partnership High-Tech Gründerfonds (HTGF) making another commitment.
Red Dot Capital Partners, a $150m vehicle wholly funded by Singaporean government-owned investment firm Temasek, led a $38m investment yesterday in Israel-based wireless technology developer Celeno Communications.
Russian conglomerate Sistema has already launched two VC vehicles this year – the $50m India-focused Sistema Asia Fund and a $100m fund with Tsinghua University – and it’s followed those up with a private equity fund partnership with Russian state-owned tech commercialisation company Rusnano.
Neil Woodford, a UK-based fund manager and founding partner of Woodford Investment Management, is reportedly in talks with the UK government to set up a £250m ($330m) VC fund, Portfolio Adviser reported.
Imperial College London has become a limited partner in a £40m ($53.7m) fund launched by incubator Entrepreneur First yesterday, according to TechCrunch.
Intel has acquired vision processing chip producer Movidius in a transaction that provided exits to corporates Robert Bosch and Sunny Optical.
IDG Ventures India can also celebrate an exit, or at least a partial exit from eyewear supplier Lenskart, selling $20m in shares to investment firm PremjiInvest in a deal that also involved PremjiInvest investing a further $10m in Lenskart directly.
Allergan has acquired the Wayne State University spinout, backed by Santen Pharmaceutical and Nerveda, for an upfront payment of $60m.
Oxford University’s commercialisation arm has appointed Matt Perkins as its new chief executive, replacing Tom Hockaday who stepped down earlier this year.
Ozan Sönmez has been appointed managing director of T-Jump Startup Hub, the US-based incubator of Middle East Technical University’s tech transfer office ODTÜ Teknokent.
“Funky Chunk” Kevin MacLeod (incompetech.com)
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