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Swiggy swipes $700m in series K round

India-based food ordering service Swiggy has secured $700m in a series K round featuring internet groups Prosus’ subsidiary Prosus Ventures and Smile Group.

Boeing flies $450m to Wisk

Aerospace manufacturer Boeing invested $450m in US-based flying taxi developer Wisk, highlighting the interest from the industry in commercially viable vertical take-off and landing (VTOL) vehicles.

FTX US, part of Bahamas-registered cryptocurrency marketplace operator FTX Trading, raised $400m in a series A round featuring internet and telecommunications group SoftBank’s Vision Fund 2 at an $8bn valuation.

Deloitte Canada sets up $119m venture unit

US-based accountancy and consulting firm Deloitte’s Canadian subsidiary launched a CVC unit called Deloitte Ventures with $119m in capitalisation.

Jidu mobilises corporates to raise $400m

Internet group Baidu and carmaker Zhejiang Geely Holding Group provided $400m in series A funding for their China-based electric vehicle joint venture, Jidu.

Akili Interactive accedes to $1bn reverse merger

US-based digital therapeutics developer Akili Interactive agreed to a $1bn reverse merger, marking exits for pharmaceutical firms Merck Group, Amgen and Shionogi & Co.

Factorial Energy charges up $200m series D

US-based electric vehicle battery developer Factorial Energy completed a $200m series D round co-led by carmakers Mercedes-Benz and Stellantis.

Tuhu tilts towards Hong Kong IPO

Tuhu, the China-based owner of an online marketplace for car maintenance services, has filed for an initial public offering on the Hong Kong Stock Exchange that could mark exits for internet groups Baidu and Tencent.

ImmPact Bio forges ahead with $111m

US-based cancer treatment developer ImmPact Bio picked up $111m in a series B round from investors including pharmaceutical firms Bukwang Pharmaceutical and Novartis, the latter through its CVC unit Novartis Ventures Fund.

Sigfox seeks bankruptcy protection

Sigfox, the France-headquartered internet-of-things (IoT) technology provider, has filed for bankruptcy protection.

Marcelo Claure leaves SoftBank

Marcelo Claure, chief operating officer at Japan-headquartered telecommunications and internet group SoftBank Group and the driving force behind its Latin America corporate venturing funds, is leaving the company.

“Funky Chunk” Kevin MacLeod (incompetech.com)
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Feature

GV’s new leader’s steady hand

People

Microsoft continues rapid hiring and investment pace

Leeney leaves Telefonica

Funds

Spanish VC firm Kibo Ventures has raised $79m for the first close of its second fund, which it aims to expand to roughly $110m for its final close.

Ideo designs investment firm

University Corner

KU Leuven researches $67.5m fund

Government Department

Europe sets up venture markets

Exits

Time Warner Investments had made a decent-sized exit from marketing data management software company Krux, which has been acquired for about $700m by Salesforce.

Continental picks up Daimler-backed Zonar

Snap, which rebranded from Snapchat a few weeks ago, is said to be preparing for an IPO that could take place as soon as March 2017, and which could value it at $25bn, a steep jump from the $18bn post-money valuation at which it last raised funding, in May.

Obalon Therapeutics, developer of a gastric balloon to aid weight loss, has meanwhile raised $75m in an IPO that could potentially rise to more than $86m.

Investments

Payoneer to break new ground in $180m round

Sumitomo Mitsui Card Company adds investment to Stripe

Connected device network developer Sigfox is also looking to boost its coffers and is looking to raise $100m to $200m in a round that will feature an as yet unnamed Chinese strategic backer, and which will value it at $600m, a 50% jump from its last round in early 2015.

NTT drives Druva’s $51m series E

Rover, the dogsitting marketplace backed by Petco, was rumoured last month to be raising $40m in series E capital from Foundry Group, Menlo Ventures and Madrona Venture Group. Today, the company confirmed the deal, though it didn’t say whether the estimated valuation of $300m was also correct.

Remitly, a mobile remittance services provider that focuses primarily on foreign workers in the US hoping to send money back to family, has added a combined $38m in equity and debt from Silicon Valley Bank and International Finance Corporation to its coffers.

Welltok knocks out $33.7m round

Clearpath reaches corporates for $30m

Online video publishing platform Tout has secured $26m in a series C round backed by sports entertainment provider and partner WWE, after closing a $13.4m round in 2012 that featured a $5m investment from WWE.

Grana targets $10m in Alibaba-backed round