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Ribo Life Science realises series C2 round
SAIC Motor fund Hengxu Investment and a Sinopharm-backed joint venture were among the investors in a $66.3m round for the RNA drug developer.
Legend Biotech lands $151m
Lilly Asia Ventures and Johnson & Johnson Innovation – JJDC are both investing in a series A round for the cell therapy developer, a spinoff from Genscript Biotech.
Narwal Robotics dives into series B round
Digital media company Bytedance has co-led a $14.1m round for Narwal Robotics, which produces autonomous floor cleaning robots.
Seiko Epson seeks out corporate venturing deals
The printing technology provider has set aside $46.7m and teamed up with Global Brain to set up the Epson X Investment unit.
Corporate venturing deal net: 30 March-3 April 2020
Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.
4Paradigm fixes $230m in funding
Cisco and Lenovo helped the artificial intelligence software producer hike its valuation from $1.2bn to $2bn, following a $145m round in 2018.
Yamato delivers Kuroneko Innovation Fund
Delivery services provider Yamato has partnered venture firm Global Brain to launch a $46.4m fund that will target logistics technology developers.
Daojiale houses funding from and its 58 Aifang subsidiary invested $70.5m and will help the online real estate marketplace expand its services and grow throughout southwestern China.

Other News

Asian corporates mull secondary market sales
A stake of up to $100m in Gojek has reportedly been offered to secondary market buyers while a corporate is also looking to sell stock in fellow ride hailing platform Didi Chuxing.
Tiger Global waltzes into Bytedance
Tiger Global Management has acquired a stake in SoftBank-backed Bytedance, which is now valued at up to $100bn, over the past couple of years.
NextVPU executes series B round
Cethik-backed artificial intelligence chipmaker NextVPU has received $42.3m from unnamed investors to scale its research and development activities.
Doctor Anywhere locates $27m
IHH Healthcare participated in a series B round that boosted the care provider's capital base to more than $40m.
Kyash gets series C payment
The corporate-backed mobile banking services provider collected $43.6m in a round co-led by Goodwater Capital and Greenspring Associates.
M12 to emancipate itself from AnyVision
The Microsoft subsidiary backed AnyVision's $74m series A round but is divesting its stake over concerns about its facial recognition technology.

Editor's Picks

Gojek carts away $1.2bn
Unnamed investors have added $1.2bn to a round already featuring AIA, Mitsubishi, Visa, SCB, Astra International, Tencent, and Google that reportedly now totals near $3bn.
Beike Zhaofang moves to $2.4bn round
SoftBank reportedly invested $1bn in the online real estate brokerage as part of a $2.41bn round also featuring Tencent at a valuation of more than $14bn.
Grab takes $856m amidst Gojek merger rumours
Reports suggest Grab, which just raised $856m from strategic partners TIS and Mitsubishi UFJ Financial Group, is in talks to merge with rival Gojek in a $23bn deal.
Grab to take $714m from Mitsubishi UFJ
The banking group is providing the funding as part of a collaboration deal that will involve it building a financial services app with Grab.
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