Mergers And Acquisition

NCSoft invested $15m in Mysten Labs to take the latter’s series B round to $300m while Porsche backed Xanadu’s $100m series C.

Suzano and Yara participated in Agrolend’s $145m latest round while Xencor contributed to Zenas BioPharma’s $118m series B.

Cable One provided $50m for Ziply Fiber while Mercuria co-led a series C round the same size for The Mobility House.

Battery recycler Ascend Elements and Geely spinoff Farizon each raised $300m while Saudi Aramco launched a $1.5bn Sustainability Fund.

US regulators are making a point of going after corporations that invest in companies where there is a perceived competitive overlap.

AbbVie is acquiring Amgen-backed DJS Antibodies for $255m while Legend Holdings took part in a $56.6m series C round for VectorBuilder.

Newly formed fund The Edgeof is set to acquire the $2bn SoftBank unit and expand its investment scope to cover the wider Asian region.

Shopify’s takeover of the logistics services provider will help close the gap with larger rivals like Amazon.

Coinbase’s acquisition of the Brazil-based cryptocurrency brokerage was stymied as negotiations fell through.

The audio streaming service is set to list with help from a PIPE deal featuring Orange, Access Industries, Warner Music, UMG and Media Participations.