OSI secures Legal & General backing
Imperial gives founders a choice
Vertex pushes beyond $150m
Széchenyi gains $31m
St Louis hammers out fund details
Dara Khosrowshahi, the new chief executive of Uber, did not waste any time in making clear his ambitions for the ride-sharing company: in an all-hands meeting ahead of officially taking over – he starts his job on Tuesday – he declared not only that he is committed to paying the bills and taking big shots to secure the company’s future, but also that he intends to take Uber public within 18 to 36 months.
Best, a supply chain services provider backed by Alibaba, Cainiao and, reportedly, Foxconn, has increased the stakes of its initial public offering by filing an updated regulatory document that puts the figure at $1bn, up from $750m.
Berry Genomics has completed its reverse merger with Shenzen-listed Chengdu Tianxing Instrument and Meter, first announced in December 2016.
Synlogic processes Mirna merger
CSL accesses Calimmune for $91m
Western Digital gets Upthere
Big deal: Nightstar to light up stock market
Singapore-based Grab is slowly inching towards its $2.5bn goal for a series G round that already stood at $2bn thanks to commitments from SoftBank and Didi Chuxing.
GoGoVan reaches for 58 Suyun
Food delivery is hotly contested sector and many of the startups involved have changed hands – be that for example TastyKhana being purchased by Food Panda, which in turn was later acquired by Delivery Hero, or Just Eat subsidiary Hellofood Brazil becoming part of iFood. Now another one is joining the list: Waimai has been acquired by Ele.me for a reported $800m (which would be down significantly from the estimated $2.5bn valuation last year).
Alibaba and Yunfeng Capital, the investment vehicle of the e-commerce group’s founder Jack Ma, have put $152m into cloud computing business Qiniuyun.
Freenome, a healthtech developer has added $7m to its series A to close the round, already backed by GV, at $72m.
Armo Biosciences has added $67m to its coffers in a series C1 round that featured GV and Celgene, who both also participated in a $50m series C in February last year.
The biggest deal of the day comes from the US, where Qadium has amassed $40m in a series B round led by Institutional Venture Partners.
In China, Abcfintech has added $30m to its coffers thanks to investors such as Susquehanna International Group’s SIG Asia Investment. Abcfintech operates cloud-based AI platforms that help financial services firms visualise their data and predict the performance of public stock.
Alice, the developer of a hotel management platform, has secured $26m in series B funding from Expedia in a deal facilitated by Khosrowshahi before he stepped down to join Uber.
VideoAmp, the developer of an advertising technology platform that tracks the impact of campaigns across television, video on-demand, over-the-top and digital content, has secured $21.4m in series B capital from Mediaocean and returning backer RTL, among others.
Vulog eyes $20m series B
CureFit exercises with $25m