Sectors

Stanford spinout Snorkel AI has now raised $135m overall and pushed its valuation to $1bn, thanks to commitments from investors like GV.

E14 Fund is an existing backer of Elroy Air, although it did not return for the $40m series A round.

UPMC Enterprises has participated in a $20m series A round for healthcare data management company Smile CDR.

Q&A with Angela Wang, vice-president, Ping An Global Voyager Fund

The diversified e-commerce platform was valued at $16.5bn in a round co-led by SoftBank Vision Fund 2, following $350m from Alibaba in March.

Evonik has bought one of its existing portfolio companies, Friedrich Schiller University Jena spinout JeNaCell, for an undisclosed sum.

Imec.xpand has returned for a $16m series B round that will allow Spectricity to accelerate the development of its sensors and imagers.

Lilly Asia Ventures was among the participants in a series C round closed by the Ant Group and China Re-backed healthcare payment platform operator.

JPMorgan Chase, BMO, Manulife and Barclays helped the accounting software developer raise series E equity and ebt financing at a valuation abobve $1bn.

IAC, Alphabet, General Motors, Sumitomo, SK Holdings, American Express, Daimler and Liberty Mutual are in line for exits from the car sharing service.

CRRC Times and Xiamen Xiangyu were among the LPs for the venture firm’s latest dollar vehicle that will invest in healtech companies concentrating on biotech, IVDs and medical supplies.