DEALS, FUNDS, IPOs
Japan's SoftBank Group has led a $360 million Series C funding round in Singapore online car sales platform and newly minted unicorn Carro.
Elevation Capital leads $38 million in FamPay to build the future of payments for teenagers in India.
Tiger Global co-leads $70 million, Series B round in Indian jobs platform Apna. Plus Tiger Global and Sequoia Capital India put $25 million in Progcap, which offers financing solutions for Indian retailers.
Kai-Fu Lee's Sinovation Ventures bets $10 million on Linux tablet maker Jingling.
Comeback Capital in Ohio launches $10 million fund for the Midwest, and adds 2 GPs: Patrick McKenna, Phil Hagerman.
Rev1 Ventures launches $20M new fund for tech startups in Midwest with Drive Capital as a supporter.
Chinese Uber for trucks, Manbang, is raising $1.6 billion in US IPO.
5Y Capital raises $2 billion in funds and sees AiHuiShou to an IPO on NYSE, gains 23%. Congrats, Richard Liu on being 1st and largest investor.
Ohio Innovation Fund and state-backed TechGrowth Ohio score in acquisition of vaccine storage startup Stirling Ultracold in southeastern Ohio.
The White House revealed findings from a review of critical supply chains
, underscoring insufficient U.S. manufacturing capacity and under-investment in new technology and innovation.
The Department of Defense has invested in expansion of the largest rare earth element mining and processing company outside of China: MP Materials and its Mountain Pass site in California.
Animoca Brands is launching non-fungible token (NFT) Olympic pins.
The clubby world of VC finds a new bet: Black entrepreneurs.
Baidu is jointly releasing Apollo Moon, a new generation of robotaxis that are set to be mass-produced at affordable costs.