Asia

Iluvatar CoreX caps off $186m series C
China Unicom has helped the Shanghai Electric-backed computer chip developer close a series C round that will fund commercialisation and research and development.
PharmEasy sells stake to CDPQ
The pension fund will pay an undisclosed sum for a 2% stake in API Holdings, the owner of online drugstore PharmEasy backed by Ascent Health and Medi Assist.
Manbang Group loads up billion-dollar IPO
Tencent, SoftBank and Alphabet are in line for exits after the trucking services provider confidentially filed to float in a US initial public offering sized above $1bn.
Legend Capital unveils 10-figure renminbi fund
Xiangcheng Financial Holdings is among the backers for the first close of the Legend Holdings spinoff's sixth renminbi-denominated vehicle.
JCB unearths Net Protections stake
The Hakuhodo DY, Ricoh Leasing and Orix-backed B2C e-commerce payment service has received $56.4m from JCB at a $551m valuation.
AnchorDX holds down $40m of series C funding
The KingMed Diagnostics and WuXi AppTec-backed cancer diagnosis technology developer intends to use the series C funding to bring its products to market.
Corporations sail into Motion
Wilhelmsen and HHLA.Motion have helped maritime-focused venture firm Motion Ventures reach the first close of a fund with a S$30m ($22.8m) target.
BRI Ventures accelerates with startups
BRI's Sembrani Wira accelerator, which counts Fazz Financial as a partner, has selected nine startups for its first cohort.

Other News

Corporate venturing deal net: 22-26 February 2021
Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.
SVolt plugs into $541m series A
Great Wall Motor's automotive battery technology spinoff has raised $541m in a round co-led by Bank of China Group Investment and CMG-SDIC Fund Management.
Moore Threads emerges with unicorn valuation
The GPU technology developer has completed a pre-series A round in the 10-digit yuan range that was backed by investors including ByteDance, H&T Intelligent Control and Pony.ai.
Clover discovers $230m in series C funding
The Jinlong Group-backed biologic drug developer’s latest round pushed its overall funding from the past 12 months to approximately $387m.
ECarX drives through another $200m
The Baidu, Geely and SIG-backed in-car technology developer hiked its valuation to $2bn in a series A-plus round led by China Venture Capital Fund.
Infra.Market constructs $100m growth round
The construction materials marketplace operator was valued at $1bn in a round featuring Sistema Asia Fund.

Editor's Picks

Horizon Robotics prises $350m from investors
Several automotive manufacturers backed a series C3 round taking the AI chip developer's funding to $900m in the past two months.
Samsung shakes up US innovation subsidiaries
Young Sohn is retiring while Luc Julia is leaving as Sean Kae and David Lee step up and into Samsung Catalyst and Samsung Next respectively.
CVC in 2020: The Trends, Part Two
In the second half of out 2020 roundup we look at growth areas including digital health and health insurance, online education platforms and financial technology.
Ant Group blocked from $34bn IPO
Chinese regulators have suspended the Alibaba spinoff's initial public offering, which was set to value the financial services provider at $313bn.
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