11Street and CJ Group contributed to a $71.8m round for on-demand logistics provider Barogo while Eli Lilly helped provide $66m for macrocycle drug developer Circle Pharma.

Funding

Barogo, the South Korea-based operator of an on-demand logistics service, has closed a KRW80bn ($71.8m) series B round that included KRW25bn from 11Street, the e-commerce subsidiary of telecommunications firm SK Telecom, and KRW5bn from conglomerate CJ Group, KED Global has reported. The round also featured LB Investment, STIC Ventures, Premier Partners, Korea Investment Partners, YG Investment and Shinhan Venture Investment. It reportedly valued Barogo at $314m pre-money and CJ Group took part as an existing investor.

US-based macrocycle drug…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.
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