CORPORATE (CVC) NEWSLETTER (Dec 16, 2020 - Jan 15, 2021)

CVC in Numbers Top News

CVCs Participated CVC deals 18- DEC - 2020 MiningLamp, a -based AI major, secured $200 million Series E+ venture funding led by Russia- China Investment Fund (CVC involved: Tencent Industry Win-Win Fund, Oriental Pearl Media Industry Fund, UOB Venture Management) • Russia-China Investment Fund (RCIF) led the Series E+ funding of $200 million in Tencent and Temasek 122 176 backed big data and AI application solution provider, MiningLamp Technology. • Besides RCIF, other participated in the round included Tencent Industry Win-Win Fund, China Largest deal size Sky Global, Oriental Pearl Media Industry Fund, Hundreds Capital, Greater Bay Area Homeland, UOB Venture Management, Cap Throne Asset and CITIC Securities. • MiningLamp aims to use the funds for international expansion, technology enhancement and serving $525 million various areas, including smart city and marketing, intelligent industry, fintech and new media. 5 - JAN - 2021 Divvy, a leading business expense management platform operator raised $165 million at a valuation of Leading Targets and Investors $1.6 billion (CVC involved: PayPal Ventures) • Divvy, an operator of payment processes and expense management platform, raised $165 million Series D venture funding, taking company’s valuation at $1.6 billion. The investors included PayPal Ventures, , New Enterprise Associates, Acrew Capital, Hanaco Venture Capital, Pelion Venture Partners, Leading CVC Recipients Leading CVCs Whale Rock Capital Management, Aries Capital Partners and Schonfeld Strategic Advisors. • Divvy plans to leverage the funds for product development and engineering by combining credit, vendor and spend management into a single platform. Such centralized platform has enabled businesses to manage their spend with real-time visibility and control over their budgets, particularly in the current pandemic situation. • The company has exhibited a 500% increase in monthly sign-ups since March 2020 owing to the demand for its product from businesses across the sectors.

7 - JAN - 2021 Lacework, cloud security firm, received $525 million backed by massive annual revenue growth of 300% (CVC involved: Liberty Global Ventures, Snowflake Ventures) • A startup focused on cloud security automation, Lacework, raised $525 million as series D funding from and Altimeter Capital, bringing the company's total funds raised till date to $600 million. The other set of investors who participated included , Coatue, Dragoneer Investment Group, Liberty Global Ventures, Snowflake Ventures and . • Lacework offers automated containerized workload defense, anomaly and threat detection, and compliance solutions. The company's revenue grew by 300% annually in 2020, driven by its offerings around cloud security which have significant market demand. • The funds will be leveraged for go-to-market expansion, product development, partnered management and international expansion, especially in Europe and the US.

11- JAN - 2021 EQRx which aims to sell cheaper medicines, received $500M Series B venture funding (CVC involved: Geographical Breakdown by CVC Deals Volume GV, Alexandria Venture Investments) • EQRx, a biotech startup, raised $500 million largely from GV, Alexandria Venture Investments and Intermountain Healthcare, bringing the total investment to $750 million since its launch a year ago. The funding will be used for advancement and development of new medicines for cancer and other chronic diseases at cheaper prices. • The company is engaged in developing generic drugs for cancer and inflammatory conditions, which may Europe North account for ~40% of the spending on drugs for the highest-cost diseases in the world by 2025. Asia America 28 • EQRx aims to build a unique business model comprising drug candidates as monotherapies and UK partnership with health systems, biopharma companies and payers, to create high-quality, lower-cost 66 9 74 regimens including EQRx drugs. US Israel China 63 5 11- JAN - 2021 MEA 58 6 Keep received $360 million in a single financing round (CVC involved: Bertelsmann Asia Investments, Tencent Industry Win-Win Fund) South America • Softbank Investment Advisers led the series F venture funding round of $360 million in Beijing based internet fitness company, Keep Inc. Other investors who participated in the round include Bertelsmann Asia 2 Investments, Tencent Industry Win-Win Fund, , GGV Capital, , Jeneration Capital and . • The funding has put the company's pre-money valuation at $1.64 billion. • The allotted fund will be used for development of new fitness programs and expansion of the services portfolio, with an aim to capitalize on the opportunity from gym closures due to coronavirus, which has prompted more users to exercise at their homes. Top 5 Industries by CVC Deal Volume 12- JAN - 2021 Open-source database startup, Cockroach Labs got $160 million financing (CVC involved: GV) Number of CVC Deals • Cockroach Labs, creator of CockroachDB, an open source, cloud-native distributed SQL database, received $160 million Series E venture funding led by Altimeter Capital Management, with participation from Information Technology 75 other investors including Greenoaks and Lone Pine, Benchmark, Bond, FirstMark, GV, and Tiger Global. Software 61 • The new injected funds raised the company’s valuation to $1.84 billion, more than double of its valuation in May 2020. • As per company plans, the cash will be used for accelerating product development supporting transportation of transactional data of businesses and organizations to cloud-based databases. With additional funds, the company will complete “forever free” version of its database. Healthcare 48 13- JAN - 2021 Pharmaceuticals and 26 Webflow received Series B funding of $140 million(CVC involved: Capital G) Biotechnology • Webflow, a no code developing platform, confirmed $140 million Series B funding led by and Silversmith, increasing it valuation to $2.1 billion. Capital G, an investment arm of Alphabet Inc, also participated in the round. • Webflow operates a cloud-based platform, which allows websites development and hosting without any Financial Services 6 coding. The platform has more than 2 million users and over 100,000 customer accessing it in 190 countries. Capital Markets/Institutions 1 • The fund will be leveraged for enhancing enterprise product portfolio, resource procurement and to fuel innovation. Webflow aims to roll out its platform by paid membership, subscription, and enterprise intranets. It is also planning to develop machine learning based smarts, which will assist in building websites.

Business Products and Services 14- JAN - 2021 20 (B2B) Digital freight startup Sennder received $160 million (CVC involved: Scania ) • Berlin-based digital logistics startup, Sennder confirmed series D funding of $160 million from Scania Commercial Services 9 Growth Capital, HV Capital, Project A, Accel and Lakestar. • Founded in 2015, the company is now valued at over $1 billion. The company specializes in broking i.e. connecting enterprise shippers with trucking companies. • The company has benefitted from the growing importance of digital freight forwarding market during the Consumer Products and Services 23 current pandemic scenario and aims to use the funds for its further business expansion, primarily in (B2C) European markets.

Transportation 2 Prime Industries Sub Industries