Sectors

Sector analysis: Media

Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.

Tencent and WarnerMedia-backed Discord could be valued at $3bn to $4bn in the upcoming round, having seen its user numbers recently balloon.

GV and CAA Ventures have exited online GIF database Giphy in a reported $400m deal, sized at approximately $200m less than its valuation four years ago.

The AstraZeneca cancer drug spinoff floated above its range in an upsized initial public offering and now has a market cap topping $2bn.

Citi Ventures-backed travel-price forecasting service Hopper has secured funding at a flat valuation after a 2018 round that reportedly valued it at $750m.

CPE, GGV Capital and Sequoia Capital China supplied the funding for JD.com's industrial maintenance subsidiary at a $2.15bn valuation.

The digital payment service, a joint venture between Telenor and Yoma Group, has received $73.5m from Ant Financial as part of a newly inked partnership deal.

Xsight Labs, a semiconductor technology developer still in stealth, has secured a reported $80m in an Intel Capital-led round also featuring Xilinx.

NetEase, SoftBank, Time Warner, Madison Square Garden, Dick Clark Productions, Citic Guoan, Founder Group and Comcast have all exited the VR viewing platform at a reduced valuation.

MS&AD Ventures returned for a round that will help data compliance technology provider Dathena beef up its headcount and research and development activities.