Services

Bojia Capital reinvested in the Tencent-backed online arts education provider in a round that pushed its overall funding to $305m.

Alibaba and SoftBank Vision Fund helped the online education services provider close a series E-plus round that hiked its overall funding to more than $2.9bn.

AG Capital and Zenrin DataCom were among the backers that helped the mental health assessment software provider close an $11.8m round.

The Tencent-backed online tutoring provider, valued at $15.5bn in October, has now raised a total of $2.5bn in 2020 alone.

The Tokopedia and Barito Pacific-backed last-mile delivery service reportedly raised the series B funding at a $736m valuation.

The property IoT service provider’s startup investment scheme will partner entrepreneurs working on digitalisation technology for the housing sector.

Micromobility, AI-equipped drug discovery, home fitness and cloud kitchens are among the sectors that look promising in 2021.

The data discovery software provider, which is set to be acquired by Eldridge Industries, will receive funding from Snowflake’s strategic investment arm.

In the second half of out 2020 roundup we look at growth areas including digital health and health insurance, online education platforms and financial technology.

The IPO boom was helped by the emergence of Shanghai's Star market and the trend for reverse mergers, while corporate venturers were increasingly looking outwards.

Ride-hailing service Uber’s Advanced Technologies Group (ATG) subsidiary agreed to merge with self-driving technology developer Aurora with Uber investing $400m in the latter.