J&T Express gets $2.5bn funding delivery
Indonesia-headquartered logistics provider J&T Express has received $2.5bn in funding from investors including internet and gaming group Tencent at a valuation of $20bn as the company is getting set for an initial public offering in Hong Kong in early 2022.
Deliverr captures $250m in series E round
US-based e-commerce fulfilment service Deliverr – which provides logistics and fulfilment services for online merchants such as Amazon, Walmart, Ebay and Target – secured $250m in a series E round featuring logistics, real estate and investment management firm GLP at a $2bn valuation.
Impossible Foods bites down on $500m
Impossible Foods, the US-based vegetarian meat product manufacturer backed by internet and technology conglomerate Alphabet, closed its latest funding round at $500m.
SoftBank backs LTK with $300m
US-based influencer marketing platform developer LTK secured $300m in funding from telecommunications and internet group SoftBank’s Vision Fund 2 at a $2BN valuation.
Ionity plugs into $786m
Ionity, the Germany-headquartered electric vehicle charging network, raised €700m ($786m) from its existing backers in addition to investment management firm BlackRock.
Lancium mines $150m in funding
Conglomerate Hanwha Group led a $150m funding round for US-based renewable energy software developer Lancium through its chemical production subsidiary Hanwha Solutions.
Gemini signs up for $400m round
Digital payment technology provider Mogo revealed it was among the investors in the $400m funding round recently disclosed by US-headquartered cryptocurrency trading and storage platform developer Gemini.
Coinbase buys BRD to boost crypto offering
Cryptocurrency exchange Coinbase has acquired Switzerland-based cryptocurrency wallet developer BRD for an undisclosed sum, marking exits for corporates SBI Holdings, Ripple, OKWave and Credit Saison.
Global-e to absorb Flow Commerce for $500m
Cross-border e-commerce services provider Global-e agreed to acquire US-based cross-border e-commerce tools provider Flow Commerce for up to $500m, marking an exit for corporates American Express and Li & Fung Group.
Vigil Neuroscience files for IPO
US-based neurodegenerative disease drug developer Vigil Neuroscience has filed for an initial public offering on the Nasdaq Global Market, setting a $100m placeholder target for the offering and marking a potential exit for pharmaceutical firm Amgen.
Telenor and CP explore Thai investment vehicle
Norway-headquartered telecommunications firm Telenor and Thailand-based conglomerate CP Group plan to merge their telecommunications subsidiaries in Thailand in a deal worth approximately $8.6bn, as they also plan to collaborate on a joint corporate venturing effort.
Kompas points towards $160m investment vehicle
Kompas, a Denmark-headquartered venture capital partnership has formed a $160m inaugural fund anchored by building materials manufacturer VKR Holding.