Chinese biotech company Sironax and OriCell Therapeutics (Shanghai) have announced the completion of their Series B financing rounds. Sironax raises $200m Series B China’s biotech company Sironax has raised $200 million in a Series B funding round led by Gaorong Capital and Yunfeng Capital, according to an announcement. New investors in the round include MSA… Continue reading China Digest: Sironax raises $200m Series B; Qiming leads $120m round in OriCell
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GM’s Super Cruise will cover 400,000 miles of roads in North America, doubling coverage
Super Cruise, the “hands-free” advanced driver-assist system (ADAS) from General Motors, will soon be available on a lot more roads in North America. GM announced today that, later this year, the ADAS system will be able to operate on 400,000 miles of roads, including non-divided highways — which would essentially double Super Cruise’s current coverage… Continue reading GM’s Super Cruise will cover 400,000 miles of roads in North America, doubling coverage
US pension fund commits to invest over $700m in Hamilton Lane, CVC Capital vehiclesIn the Asia-Pacific, NYSCRF has invested in several PE and VC manag…
NYSCRF has committed to invest a sum of $400 million in Hamilton Lane NY Israel Fund II, which will target Israel-focused funds and co-investments primarily in the technology and healthcare/life sciences sectors. It has also committed €300 million ($305.6 million) to Knickerbocker Co-Investment Partners, a co-investment vehicle by CVC Capital Partners, which will invest in… Continue reading US pension fund commits to invest over $700m in Hamilton Lane, CVC Capital vehiclesIn the Asia-Pacific, NYSCRF has invested in several PE and VC manag…
India Digest: Credit Fair, River, Xpressbees in funding news
Fintech startup Credit Fair has raised $10 million in debt and equity as part of its seed extension round. Separately, electric scooter startup River raised $11 million in its Series A round, while logistics unicorn Xpressbees secured Rs 195 crore ($24.6 million) in a secondary transaction. Credit Fair raises $10m in seed extension round Fintech… Continue reading India Digest: Credit Fair, River, Xpressbees in funding news
US game software developer Unity plans to spin off China unit
Unity Software Inc, the U.S. developer best known for software used to design video games, is in talks to spin off its China unit to help it expand in the world’s biggest games market, four people with knowledge of the matter told Reuters. San Francisco-based Unity has sought strategic investors to join it in a business valued at over $1 billion during talks, said two of the people, declining to be identified as they… Continue reading US game software developer Unity plans to spin off China unit
Ford says it delivered the sold-out F-150 Lightning to customers in all 50 states
Ford says it has delivered F-150 Lightning electric truck — which is totally sold out in the US for 2022 — to customers in all 50 states, including Alaska and Hawaii. It’s a nice, if not exactly important, milestone and a feather in Ford’s cap as it seeks to ramp up production and deliveries of… Continue reading Ford says it delivered the sold-out F-150 Lightning to customers in all 50 states
Uber tie-up with Omio adds train & coach booking to app — starting with UK
Uber is testing adding train and coach travel to its app in the UK so customers can book longer distance ground travel via a fully integrated tie-up with Berlin-based multimodal travel platform, Omio. The latter has built up its own consumer facing apps for booking intercity and international travel, across a wide variety of supported… Continue reading Uber tie-up with Omio adds train & coach booking to app — starting with UK
Uber’s ride with Indian food delivery firm Zomato comes to an end
Uber’s ride with Zomato has concluded. The ride-hailing firm sold its 7.8% stake in the lossmaking food delivery firm on Wednesday for over $390 million, a person familiar with the matter said, becoming the latest large institutional investor to exit the Indian firm. The U.S. firm, which reported a net loss of $2.6 billion for… Continue reading Uber’s ride with Indian food delivery firm Zomato comes to an end
New York regulators slap Robinhood’s crypto business with $30 million fine
In the latest in what seems to be a string of challenges the company has to grapple with, Robinhood’s crypto division has been slapped with a $30 million fine by the New York State Department of Financial Services. It’s the first crypto-focused enforcement action by the regulator, which has issued the multimillion dollar penalty against… Continue reading New York regulators slap Robinhood’s crypto business with $30 million fine
Velocia Raises $2.5M in Funding
Velocia, a Toronto, Canada-based software-as-a-service (SaaS) provider for a mobility rewards platform, raised $2.5m in growth funding. WindSail Capital Group made the investment. Led by David Winterstein, CEO, Velocia Velocia is a SaaS mobility rewards platform designed to incentivize and reward people for their daily commutes. It uses rewards to encourage people to get out of single-occupant vehicles… Continue reading Velocia Raises $2.5M in Funding