Anhui Jiangnan Construction Investment Group helped commercial rocket developer Galactic Energy secure $200m while off-road vehicle developer Rox raised $100m in a Tencent-led round.

Funding China-headquartered space rocket developer Galactic Energy closed $200m in funding yesterday from investors including construction firm Anhui Jiangnan Construction Investment Group across series B and B-plus rounds. The rounds were led by Oriental Fortune Capital and Huaqiang Capital respectively and also featured New Potential Energy Fund, Essential Capital, Yunding Capital and Zhongtian Fortune Fund Asset Management. Internet and gaming group Tencent invested over $50m to lead a $100m financing round for China-based off-road vehicle developer Rox Motor in late 2021, 36Kr reported yesterday. The company is reportedly now seeking additional funding at a $2bn valuation. Singapore-based human relations software provider Darwinbox secured $72m yesterday from investors including enterprise software producer Salesforce, conglomerate JG Summit and financial services firm Siam Commercial Bank, which invested through Salesforce Ventures, JG Digital Equity Ventures and SCB 10X respectively. Investment firm Technology Crossover Ventures led the round, which also featured Sequoia Capital, Lightspeed Venture Partners, Endiya Partners and 3One4Capital. The company said it has now raised $110m in total and the round reportedly valued it at a minimum of $1bn. France-based cancer monitoring device developer Resilience received €40m ($45.1m) in a series A round that included mutual insurance firm MACSF and healthcare providers Ramsay Santé, Fondation Santé Service and Vivalto Santé, the last through Vivalto Ventures. The round was led by investment firm Cathay Innovation and also backed by diversified holding company Exor’s venture capital arm, Exor Seeds, as well as Singular, Picus Capital and Seaya Ventures. Insurance group MS&AD has participated in a $10m series A round for Intellect, the Singapore-based developer of a mental health management app, through corporate venturing unit MS&AD Ventures, The Business Times reported today. HOF Capital led the round, which included DG Daiwa Ventures, the joint venture for internet company Digital Garage and brokerage Daiwa, as well as East Ventures, Headline, Pioneer Fund and existing backer Insignia Ventures Partners. Ranmai Technology, the China-based developer of a digital social media influencer called Ayayi, has closed an eight-digit amount of yuan (RMB10m = $1.58m) in a pre-series A round led by quantitative trading firm Susquehanna International Group, 36Kr has reported. Mumian Capital was financial adviser on the round. ClimateTrade, the Spain-headquartered operator of an online finance marketplace for decarbonisation projects, completed a €7m ($8m) pre-series A round featuring cryptocurrency protocol developer Algorand, financial technology provider Six Group, telecommunications firm Telefónica and electronics producer Omron in late 2021, it revealed yesterday. The round included investment firm GED’s Conexo Ventures fund, ClearSky,…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.