By Eric Newcomer
As it preps for its IPO next year, Lyft has been stressing its gains in ride-hailing. Uber, meanwhile, is trumpeting just about everything else.
Other investors in the round included Accion Venture Lab, the seed-stage investment initiative of global nonprofit organisation Accion, and Planet N.
TransPacific Group, a placement agent for Asian institutional investors, has appointed Akito Hattori as a director in its Hong Kong office
The fresh capital will be used to accelerate the development of avatar robots and medical devices.
Novartis has agreed to pay $24 per share in cash for Endocyte, more than 15 times its value in September 2017.
The home-care products manufacturer plans to make greenfield investments in Pakistan and Vietnam.
MEG Energy plans to start a strategic review with an eye to finding another buyer.
The round was joined by Riyad TAQNIA Fund, Endeavor Catalyst, ELM, and Raed Ventures.
Blackstone has long cultivated Saudi Arabia as an investor, and the Kingdom’s main sovereign wealth fund agreed last year to contribute up to $20 billion for its new infrastructure fund.
The deal, which will be the largest overseas purchase by a Japanese company, has already received unconditional clearance from regulators in the United States, Brazil and China.