Sectors

Kingsoft’s cloud services subsidiary has set its price range for an initial public offering in the US and will raise as much as $450m in proceeds if it floats at the higher end.

Robinhood fetched an $8.3bn valuation thanks to a $280m series F round featuring a range of existing backers, though it is unclear if Alphabet and Roc Nation were among them.

A month after reports suggested Ninja Van had raised $124m in series D funding from several corporates, the company confirmed it actually secured $279m.

Groupe Arnault-backed Back Market has added $120m in funding to its coffers thanks to Goldman Sachs, Aglaé Ventures and Eurazeo Growth.

TCL Capital was among the investors in a $119m funding round for ASR Microelectronics, which also attracted Zhangjiang and increased its overall funding to $419m.

Deutsche Bank and Axa Innovation Campus featured in a $29.2m round that brought enterprise book-keeping app developer Zeitgold's funding haul to approximately $57m.

ByteDance-backed news and entertainment aggregator Dailyhunt increased its total funding to around $183m after a series G extension from James Murdoch-aligned Lupa India.

Geek Pictures was among the backers that invested in the document-reading software provider’s $12.1m equity and debt round that came 15 months after a $15m series B round.

ZAF Energy Systems has raised $45.6m to date after a series A round that featured the corporate venture capital arm of Holt Cat.

The cash account marketplace lured the return of Moneysupermarket in a series B round that brings its funding total to $29.2m.

The computer manufacturer's corporate venturing unit backed a $14.2m round for medical robot developer HGZ Medical that comes after the latter's series A round in March 2019.