Elon Musk’s SpaceX raises over $337m in fresh funding
Billionaire Elon Musk’s SpaceX has raised $337m in equity financing, the rocket company disclosed in a regulatory filing on Wednesday. SpaceX, which counts Alphabet and Fidelity Investments among its investors, hit $100bn in valuation following a secondary share sale in October, according to CNBC. It had raised about $1.16 billion in equity financing in April. […]
SoftBank-backed GlobalBees joins unicorn club with $111.5 mn funding
SoftBank-backed GlobalBees Brands Pvt Ltd, a Thrasio-style direct-to-consumer (D2C) venture that aggregates and invests in e-commerce brands, has raised $111.5 in its Series B funding round led by Premji Invest at unicorn valuation, the company said in a statement on Wednesday. Unicorns are private companies with a valuation of $1 billion or more. Steadview Capital, along with existing investors SoftBank […]
Chinese Autonomous Driving Startup Raises $157 Million From Hillhouse, Meituan
Haomo will use the funds raised from investors to build its talent pool and enhance its R&D capability, the company said in a statement on Wednesday. Haomo.AI, a Chinese autonomous driving startup controlled by Great Wall Motor’s Chairman Wei Jianjun, has raised nearly 1 billion yuan ($157 million) in a funding round as investors increase […]
Chinese VC firm Eastern Bell raises $2 bln for latest yuan and dollar funds
Chinese venture capital firm Eastern Bell Capital has raised more than 13 billion yuan ($2.04 billion) in its latest funding round, boosting the firm’s investment firepower in the world’s second largest economy. The investor in electric-car maker Xpeng Inc and Uber-like truck startup Full Truck Alliance Co raised the cash via a yuan-denominated fund and […]
Banyan Capital Partners Completes the Closing of its Committed Capital Fund at $216m
Banyan Capital Partners, a leading Canadian middle market private equity firm, is pleased to announce it has closed the fundraising for its first tranche of committed capital at $216 million in a newly created evergreen fund, Banyan Committed Capital LP. Funding was provided by high net worth investors of Connor Clark & Lunn Private Capital Ltd., Connor, Clark & […]
Jared Kushner investment firm Affinity raises $3 billion in committed funding
Jared Kushner’s global investment firm, Affinity Partners, has raised more than $3 billion in committed funding from international investors, a person familiar with the fund-raising effort told Reuters on Thursday. Kushner’s firm has received commitments of more than $3 billion, the source said, adding that he expects to continue fund-raising efforts for the next few […]
Permira Growth Opportunities closes second fund at USD4bn
Permira, a growth-focused, global private equity firm, has held the final close of Permira Growth Opportunities’ second fund (PGO II), with total capital commitments of USD4 billion. Following strong investor demand, the fund exceeded its target of USD2.5 billion and closed at its hard-cap, more than twice the size of its predecessor fund. PGO II […]
Warburg Pincus closes $2.8 billion inaugural Asia real estate fund
U.S. private equity powerhouse Warburg Pincus has closed its inaugural Asia-focused real estate fund at $2.8 billion, the firm said on Wednesday. The Warburg Pincus Asia Real Estate Fund is the second-largest fund dedicated to the sector in Asia, according to data provider Preqin. Blackstone Group raised $7.1 billion in the region’s largest real estate […]
Social gaming firm Rec Room valued at $3.5 billion in Coatue-led funding round
Social gaming platform Rec Room said on Monday it fetched a valuation of $3.5 billion after raising $145 million in a funding round led by hedge fund Coatue Management, riding on the pandemic-fueled boom in digital entertainment. The Seattle-based company, which allows users to create customizable and interactive gaming rooms, said it currently had more […]
Institutional Bitcoin Broker NYDIG Valued at $7B in Whopping $1B Funding Round
NYDIG said Tuesday it raised a stunning $1 billion in a funding round that will value the firm at over $7 billion – and potentially expand bitcoin’s reach into “any industry,” CEO Robert Gutmann said in a statement. The round was led by WestCap and joined by Bessemer Venture Partners, FinTech Collective and existing investors […]
