Services

11Street and CJ Group contributed to a $71.8m round for on-demand logistics provider Barogo while Eli Lilly helped provide $66m for macrocycle drug developer Circle Pharma.

Bitwise Asset Management completed a $70m round backed by Coinbase at a $500m-plus valuation, while luxury goods wholesaler Joor raised $46m to take its overall funding to $81m.

The ETS-backed international study services provider secured the capital in a series D round valuing it at $3.2bn post-money.

CapitalG helped the domestic services marketplace almost double its valuation to $3.2bn in a round that boosted its total funding to nearly $700m.

Monthly analysis: May 2021

Innovative region: South Africa

Sector report: Healthcare

BAT is vying to become a leader in the on-the-go wellbeing and stimulation space through a new corporate venturing unit that has been quietly investing in the space since last summer.

Gene therapy startup VectorY has raised more than $37m in an Eli Lilly-backed seed round while AR helmet developer XYZ Reality pulled in over $28m.

Tencent and Sunshine Life-backed recruitment app developer floated at the top of its range and has seen its share price more than double since.

The Google-backed on-demand ride service spun off by Kakao has received fresh funding from returning investors Carlyle and TPG.