By Matthew Martin
Abraaj’s move comes less than five months after some of its investors commissioned an audit to investigate the alleged mismanagement of money in Abraaj’s healthcare fund.
M17, formed by merger of Taiwan’s 17 Media and Singapore’s Paktor, was hoping to raise $60m through its IPO on NYSE.
Mercari Inc.’s $3.7 billion coming-out party will deliver a 149-times return to early investor United Inc., which engineered a $2.7 million round in the flea-market app in 2013. That stake will be worth at least $408 million when Mercari goes public
WeWork Cos. is seeking to raise funds at a $35 billion valuation, a price tag that would place the co-working startup above companies like Airbnb and SpaceX.
The round was led by investors General Atlantic and Access Technology Ventures, as well as home construction company Lennar Corp.
The latest funding brings TriLinc’s total financing commitments as of the end of May to $438.2 million for business expansion and socio-economic development.
The round was joined by Sequoia China as well as existing major investors.
Japan’s Softbank Group will participate in the fund as a strategic investor via its subsidiary, SIMI US Holdings I, Inc, a statement from Mubadala said.
Besides Dolma, other key investors active in Nepal are International Finance Corporation and One to Watch.
The JV will also offer investment, consulting and global networking services to local biotech startups.