Sixents Technology, a China-based global navigation satellite system subsidiary of technology company NavInfo, picked up RMB620m ($98m) in a series B round on Monday from investors including Tsinghua  University’s asset management arm Tsinghua Holdings Capital, according to DealStreetAsia. The round included CDH Wealth Management, Oriza Holdings’ Oriza Prior, Yufu Holding, Xinding Capital, China CITIC Bank and Pagoda Capital. Sixents previously raised $7m from telecoms firm China Telecom’s corporate venturing unit China Internet Investment Fund and Zhiwei Investment in April 2019. Internet group Tencent subsequently injected $19m in April 2020 in return for a 9.5% stake.

Paragraf, a UK-based graphene electronics producer spun out of University of Cambridge, officially closed a $60m series B round yesterday after a report a month ago suggested the spinout had raised the money. New Science Ventures led the round, which also included Parkwalk Advisors, the fund management arm of commercialisation firm IP Group, and IQ…

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Thierry Heles

Thierry Heles is the editor of Global University Venturing, host of the Beyond the Breakthrough interview podcast and responsible for the monthly GUV Gazette (sign up here for free).