GLOBAL DEALS
Facebook-backed
Unacademy goes all in on strategic edtech investments in India, acquiring
Prepladder for $50 million and obtaining a majority stake in
Mastree
.
Coatue
has led a $100 million financing of Indian online tutoring platform
Vedantu.
Insuretech startup
Branch
has raised $24 million in first round funding co-led by
Greycroft Partners
and asset manager
HSCM Bermuda
. Participating as a return investor in with others was Revolution’s
Rise of the Rest
Seed Fund.
AI platform
UiPath
bags $225 million for its robotics process automation software from Sequoia Capital, with Series E funding led by
Alkeon Capital Management
with
Accel
, Coatue, Dragoneer, IVP, Madrona Venture Group, Sequoia Capital, Tencent, Tiger Global and others.
FUNDS
Venture firm
DCM
, which invests in the U.S., China and Japan
,
closed on funds totaling $880 million, including $780 million
for DCM IX
,
its largest global fund to date, and $100 million for its third A-fund targeting seed-stage investments in SaaS, cloud, B2B & B2C fintech and consumer internet companies.
Lightship Capital has raised $22 million toward a debut $50 million fund focused on minority-owned startups in the Midwest.
IPOs
Tencent-backed mobile game developer
Archosaur Games went public in Hong Kong, raising $279 million.
RESEARCH
South China Morning Post
released its
annual China Internet Report, highlighting 5 key unstoppable trends:
Silicon Dragon discount
NOTEWORTHY
