TCL provided $267m for GCL Semiconductor while several corporates took part in Hidden Road's $50m series A round.

M&A

Automotive e-commerce marketplace Autochek has acquired CoinAfrique, the Mauritius-based operator of a French-speaking, Africa-focused online classified advertising platform, for an undisclosed amount, allowing media group Trace TV, TechCrunch reported on Wednesday.

Funding

Company name Company description Sector Country Round Round size($m) Deal date Investors
GCL Semiconductor Silicon material developer IT China  A 267 08/07/2022 TCL
Hidden Road Digital credit network for institutional investors Financial  British Virgin Islands A 50 07/07/2022 FTX (FTX Ventures), Coinbase (Coinbase Ventures), Profluent Trading, Wintermute; Castle Island Ventures (lead), Citadel Securities, Uncorrelated Ventures, Greycroft, XBTO (XBTO Humla Ventures), SLN Capital, Corner Capital
Kernal Biologics Cancer therapeutics developer Healthcare US A 25 07/07/2022 Amgen (Amgen Ventures); Hummingbird Ventures (lead), HBM Genomics, Civilization Ventures, unnamed VCs, family offices and private investors
Ganymed Robotics Orthopaedic surgery-focused robotics technology developer Healthcare France B 21.3 07/07/2022 BNP Paribas (BNP Paribas Développement); Cathay Capital (Cathay Health) (lead), Crédit Mutuel Innovation, Eurazeo (Kurma Partners)
Tise Mobile second-hand fashion marketplace Consumer Norway N/A 19.7 06/07/2022 Norway Post Group (Bring Ventures), eBay (eBay Ventures); Nysno Climate Investments, unnamed existing investors
Lucinity Anti-money laundering software developer Financial  Iceland B 17 07/07/2022 Experian; Keen Venture Partners (lead), Crowberry Capital, Karma Ventures,…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.

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