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Analysis: Ride hailing IPOs

The two rivalling US-based ride hailing platforms Uber and Lyft, both counting many corporates among their backers, are preparing to float on public markets in the coming weeks, with the valuations of the two combined likely to stand well above $100bn

Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.

Alibaba, Chongqing Changan Automobile, Dongfeng Motor, FAW, Suning and Tencent have joined forces to form a $1.46bn vehicle that will invest in the on-demand ride space.

Events

GCV Symposium 2019
22nd May 2019
Make Innovation Happen - SXSW 2019
10th March 2019
UiPath searches for $400m in new round
CapitalG-backed UiPath is in the process of raising $400m in a round that will be led by an unnamed public institutional investor at a $7bn valuation.
Marqeta marks out terms for $250m round
The payment card services provider, which counts Visa, Commerzbank and CreditEase as investors, will seek a valuation of almost $1.9bn in the round.
Rent the Runway models $125m investment
The Advance Publications-backed clothing rental service is now valued at $1bn, having received $125m from a consortium co-led by Franklin Templeton Investments and Bain Capital Ventures.
Tarana wires in $88m
AT&T and Deutsche Telekom-backed wireless internet system developer Tarana added $60m from investors including EchoStar to close the round.
Markforged assembles $82m in series D funding
Microsoft subsidiary M12, Siemens' Next47 fund and Porsche all invested in the industrial 3D printer producer's latest round, which lifted its overall funding to $139m.
Splice tunes into series C funding
The WME and AM Only-backed music production platform has now raised approximately $100m in total, following a $57.5m round co-led by True Ventures and USV.
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