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Daily Deal Round Up: May 11, 2021
Bertelsmann helped crypto financial service provider Babel Finance close a $40m series A round while Blind raised $37m from investors including Cisco.
Ginkgo Bioworks gears up for $17.5bn merger
The Illumina-backed microbial technology producer will list on the Nasdaq Capital Market through the reverse takeover transaction.
Kakao feeds on Radish and Tapas
Kakao has agreed to acquire portfolio companies Tapas, for $510m, and Radish, for $440m, as it looks to strengthen its recently merged entertainment subsidiary.
Plus pursues $3.3bn reverse takeover
The SAIC, Wanxiang, Full Truck Alliance and Quanta Computer-backed autonomous trucking technology developer will list on the Nasdaq Capital Market through the deal.
Ane Logistics announces Hong Kong IPO
The LTL shipping network operator is reportedly targeting $500m in the listing, which would enable corporates Ping An and Yili to exit.
Ethos enriches itself with $200m
Roc Nation and GV both participated in a series D round that increased the digital life insurance platform's valuation to $2bn.
Benson Hill tends to public listing
The GV, Louis Dreyfus Company and Emart-backed food development platform creator is pursuing a reverse takeover at a $1.35bn valuation.
ESS charges up $1.1bn reverse merger
SoftBank vehicle SB Energy and BASF contributed to a $250m PIPE financing that will support the merger with the Nasdaq-listed Acon S2 Acquisition Corp.

News Continued

Kin Insurance constructs series C
CSAA-backed digital home insurance provider Kin secured $63.9m to increase its overall funding to about $150m.
Singular Genomics to mingle with public markets
The genetic sequencing technology developer has filed to raise up to $100m, having secured nearly $150m from investors including Legend Capital in the past two years.
Innovusion inputs $64m in series B funding
The autonomous driving technology developer is looking to ramp up production with capital from investors including Nio and Bertelsmann.
Virogin generates $80m in financing
The Sinopharm-backed oncology drug developer has raised series D1 funding in a round led by China Structural Reform Fund Corporation.
Sirclo secures $45m in series B3 round
The e-commerce software provider received funding in a round led by Sinar Mas subsidiary SMDV at a reported $116m valuation.
Daily Deal Round Up: May 10, 2021
Legend Holdings' Legend Star unit led a round for optical chip producer Turing Quantum sized above $15m while several Japanese companies also raised money.

Editor's Picks

Bill.com decides on $2.5bn Divvy acquisition
Hanaco and PayPal are set to exit Divvy, a provider of corporate spend management software, at a 56% premium to the valuation at which they invested in January.
Valmont to harvest Prospera in $300m deal
Tekfen Ventures, Cisco Investments and Qualcomm Ventures are set to exit the crop monitoring technology developer later this year in a deal with Valmont Industries.
Solid Power recharges with $130m
The solid-state battery provider pulled in funding through a series B round co-led by potential customers BMW and Ford Motor Company.
Allianz helps Wealthsimple garner $610m
Returning investor Allianz X helped the digital investment service provider nearly quadruple its valuation to nearly $4.1bn in seven months.
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