Veon and Prosus helped B2B product marketplace ShopUp push its series B funding to $109m while Sunshine Insurance backed rounds for ImmuneOnco and Xuanzhu Biopharmaceutical.

Funding

Internet group Prosus and digital connectivity services provider Veon have taken part in a $34m extension to Bangladesh-based business-to-business (B2B) e-commerce marketplace ShopUp’s series B round through Prosus Ventures and Veon Ventures, taking it to $109m. The extension consisted of primary and secondary funding and included Tiger Global Management, Valar Ventures, Omidyar Network’s Ohana Holdings vehicle, Flourish Ventures and Lonsdale Capital. Both corporates had contributed to the round’s $75m first tranche in September 2021.

China-headquartered immunotherapy developer ImmuneOnco…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.
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