DEALS, FUNDS, IPOs
Softbank, Tencent back China's truck-hailing startup Full Truck Alliance, known as Manbang, with $1.7 billion.
Andreessen Horowitz has helped the US VC industry set a new annual fundraising record—$69.1 billion year-to-date—after the firm closed two funds at a combined $4.5 billion.
Chalk one up for Hyde Park Angels portfolio company Factor. The ready-made meal delivery company serving premium customers focused on health and nutrition was acquired by HelloFresh for $277 million.
In Palo Alto, Medable, which builds software to manage clinical trials, has raised $91 million in Series C funding led by Sapphire Ventures.
Sequoia Capital India leads $15 million financing of InVideo, after its early-stage accelerator Surge put in $2.5 million.
Mumbai-based online insurance platform Turtlemint has raised $30 million in a new funding round led by GGV Capital.
Chinese biopharma startup D3 Bio Inc. in Shanghai kicks off with a $200 million series A financing backed by some of Asia’s most prominent venture capital firms.