The Briefing: SEC Said To Pause Chinese Company IPOs, Neuralink Raises $205M, And More

Funding Rounds

▤ Summary

Deal flow has reportedly slowed a month after Chinese regulators banned ride-sharing giant Didi from signing up new users shortly after its blockbuster IPO. Allison Lee, a commissioner at the Securities and Exchange Commission, has also reportedly said that Chinese companies listed on U.S. stock exchanges must disclose to investors the risks of China’s government interfering in their businesses as part of their regular reporting obligations. Neuralink, the brain-machine interface startup co-founded by Elon Musk, raised $205 million in a Series C funding round. Vy Capital led the financing, with participation from Google’s GV, DFJ Growth, Valor Equity Partners, Craft Ventures, Founders Fund and Gigafund. Nuñez brings consumer private equity investing experience from stints at Tengram Capital and L Catterton as well as beauty operating experience as an executive at Clark’s Botanicals and Laura Geller Beauty, the firm said, while Gersten brings investing experience as a former partner at private equity firms Tengram Capital, L Catterton, and North Castle Partners.

$ Funding

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Amount $30.0M Total raised
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Date July 30, 2021 Announcement date
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Investors - Lead investors
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Company http://www.exoticca.com/ Funded company

▥ Classifications

industries
Entertainment
applications
Web and Content Management

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▦ Linked Companies

Nae-Design Sydney
$1M to $5M