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Jidu mobilises corporates to raise $400m

Baidu and Geely injected the cash in their electric vehicle joint venture and the proceeds will be used for R&D and mass production of the cars.


Jan 26, 2022

Culdesac walks to $30m

Lennar’s Len X subsidiary helped the walkable neighbourhood developer raise equity financing as it prepares to open its first housing units.

Jan 26, 2022

Xu turns partner at On Deck

On Deck Fund (ODF) is a $150m pre-accelerator focused on startup ideation representing talent network On Deck.

Jan 26, 2022

Thestrup joins Angelini Pharma's CVC unit

Angelini Pharma has hired Thomas Michael Thestrup, formerly of UCB and Lundbeck, to work on its innovation team.

Jan 26, 2022

Daily Deal Round Up: January 25, 2022

Anhui Jiangnan Construction Investment Group helped commercial rocket developer Galactic Energy secure $200m while off-road vehicle developer Rox raised $100m in a Tencent-led round.

Jan 25, 2022

Swiggy swipes $700m in series K round

Prosus Ventures and Smile Group were among the investors in the online food delivery service’s latest round, closed at a $10.7bn valuation.

Jan 25, 2022

Boeing flies $450m to Wisk

Boeing’s investment in the automated flying taxi developer follows a series of reverse takeovers in the sector in 2021.

Jan 25, 2022

Pluto to merge with NFT Investments

Argo Blockchain is set to exit cryptocurrency technology developer Pluto Digital in a reverse takeover, as Blockchain Founders Fund gets corporate help for a $75m fund.

Jan 25, 2022

Steffens agrees to join Thomson Reuters

Tamara Steffens, a GCV Powerlist 2021 award winner at Microsoft’s M12 unit, is reportedly set to help establish a $100m fund for Thomson Reuters.

Jan 25, 2022

Trbovic leaves Pfizer for SV Health

Nikola Trbovic had been a GCV Rising Stars Awards winner as principal at Pfizer Ventures, which hired him in 2014.

Jan 25, 2022

Karp leaps to Cervin Ventures as partner

Daniel Karp had joined Cisco Investments in 2013 to focus on Israel and Latin America and has now left for Cervin Ventures.

Jan 25, 2022

Daily Deal Round Up: January 24, 2022

Razorpay is reportedly eyeing the possibility of acquiring Amex-backed Ezetap while Sayata and Spectrum Labs were among the companies that received corporate backing.

Jan 24, 2022
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