Page 3

Services decelerate with the pandemic
Sector focus: services
Analysis: Hyperconnect gets a Match in a $1.73bn acquisition
Hyperconnect is being acquired for nearly $1.73bn by the Match Group, giving an exit to SoftBank, which was one of the early investors in the company.
Analysis: Robinhood raises $3.4bn
The share trading platform operator reportedly secured a combination of equity and debt funding to face obligations arising from the recent stock market frenzy.
Analysis: Rivian drives a $2.65bn round
Before the commercial release of Rivians’ electric vehicles (EV) this year, Amazon has returned to back the company in a round valuing it at $27.6bn. The EV space is among the hottest in the automotive business and valuations have remained high despite the cyclical nature of demand for vehicles.
Telus launches social and environmental fund
Canada-based telecommunications company Telus launched a C$100m ($76.5m) impact investment fund in late November called Telus Pollinator Fund for Good.
Analysis: Interesting start for payment tech
The payment tech space saw a flurry of activity in mid-January with two series D rounds and an aborted acquisition at corporate-backed companies.
Analysis: Udaan increases series D
Business-to-business (B2B) e-commerce marketplace Udaan extended its series D round with a $280m tranche, featuring Tencent. The company is one of the comparatively few B2B e-commerce deals we have reported, despite the relative size and importance of the B2B in it.
Analysis: Sila Nano raises $590m in Series F
Battery producer Sila Nanotechnologies, previously backed by a number of corporates, raised its latest multimillion dollar round, tripling its valuation.
Analysis: Aurora merges with Uber ATG
Ride-hailing service Uber’s Advanced Technologies Group (ATG) subsidiary agreed to merge with self-driving technology developer Aurora with Uber investing $400m in the latter.
UK leads in quantum academia-industry ties
The UK moves to second phase of quantum initiative, programme links universities to industries at tech hubs, ‘Ion traps’ alternative to superconductors are a key focus

test reg

Login