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 developer Seba Bank yesterday. Decentralised finance investment firm DeFi Technologies said it supplied CHF25m to co-lead the round, which also featured Altive, Ordway Selections, Summer Capital and existing investors including wealth management firm Julius Baer.
US-based battery storage technology developer Viridi Parente received $94.7m in series C funding on Tuesday from investors including Ashtead Group, the operator of industrial equipment rental service Sunbelt Rentals, and National Grid Partners, the corporate…
