SoftBank led 5G chip developer Eigencomm's $157m series C round while smart bank Seba Bank raised $120m in its own series C, which included Alameda Research.

Funding

Shanghai Eigencomm Technologies, a China-headquartered developer of 5G mobile communication chips, raised RMB1bn ($157m) yesterday in a series C round led by internet and telecommunications group SoftBank. The round included investment bank GF Securities’ GF Qianhe Investment vehicle, Cathay Capital, CoStone Capital, Chobe Capital and existing backers Qiming Venture Partners, Fellow Partners, Xingwang Investment and China Universal Asset Management.

Quantitative crypto trading firm Alameda Research took part in a CHF110m ($120m) series C round for Switzerland-based digital banking platform…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.
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