Industrial

Bo Zhu, head, Lam Capital Asia

KAUST has returned for a $10m funding round for Red Sea Farms, having previously contributed to a $1.9m round two years ago.

The Esid, Great Power and Scud Group-backed portable power storage technology developer received the funding at a $1bn valuation.

McCain helped meatless nugget producer Simulate secure a $250m valuation while retail technology developer Grabango raised $39m from investors including Unilever and Honeywell.

Returning investor Mitsubishi has joined fellow corporates BHP Group and Freeport-McMoRan for a round that increased the copper extraction technology provider's total funding to $100m.

TusStar has participated in a series A round for smart robotics technology developer TimeRiver.

SoftBank is set to exit smart scheduling software developer X.ai as its Vision Fund 2 invests in artificial intelligence technology unicorn AInnovation.

SoftBank Vision Fund 2 led a series C-plus round for the home remodelling materials marketplace, after Tencent Investment participated in its series C round in December.

BMW i Ventures, Dell Technologies Capital and Robert Bosch Venture Capital are in line to exit the manufactiuring services marketplace, which has filed for a $100m offering.

Chuanghong Fund’s first close included corporate LPs Century Golden Resources Group, Country Garden, Joyoung and Hunan TV & Broadcast Intermediary.

The low Earth orbit mapping technology provider has raised more than $100m altogether, having picked up series A financing from Weru Investment in 2018.