Venture

The Briefing: Ozon Raises $990M In IPO, Manbang Lands $1.7B, And More

The Briefing

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Russia’s Ozon raises $990M in US IPO

Russian e-commerce company Ozon announced that it has priced shares for its public market debut on Nasdaq at $30 each,  above the projected range of between $22.50 and $27.50.

Shares rose further in first-day trading, closing up 22 percent at just over $40 per share.

The offering raised a whopping $990 million for the Moscow-based company, with Morgan Stanley and Goldman Sachs serving as lead bookrunners.

Founded in 1998, Ozon is majority-owned by Russian conglomerate Sistema and a Baring Vostok group of funds. The company describes itself as the largest multicategory player in the Russian e-commerce space.

Funding rounds

  • China’s Manbang raise $1.7B for truck hailing: China-based Manbang, provider of a truck-hailing platform, has raised $1.7 billion in its latest funding round, led by SoftBank Vision Fund, Sequoia Capital China, Permira and Fidelity.
  • Current inks $131M for banking services: Challenger bank Current, based in New York, announced a $131 million Series C round led by Tiger Global Management. The mobile bank has now raised more than $180 million in total funding and a valuation of $750 million.
  • Percepto raise $45M for autonomous inspection tech: Israel-based Percepto, developer of autonomous drone technology for inspection and surveillance, raised $45 million in a Series B round led by Koch Disruptive Technologies. The company also announced a joint project involving Spot, an agile mobile robot developed by Boston Dynamics.
  • Well Health secures $45M for patient engagement: Well Health, a Santa Barbara-based digital health company focused on patient communications, raised $45 million in Series C funding round led by Lead Edge Capital. That brings total funds raised to $75 million since its founding in 2015.
  • WithMe Health secures $20M for medication guidance: WithMe Health, a San Mateo-based medication guidance company, closed on a Series B financing round of $20 million led by OMERS Ventures 1, with participation from existing investor Oak HC/FT and new investors Section 32, Shulman Ventures and MTS Ventures.
  • Glue raises $8M for corporate messaging: Israel-based Glue, the automatic loyalty management platform for small businesses, announced $8 million in Series A funding led by Unicorn Technologies.
  • Lightspin launches with $4M seed funding: Lightspin, the Israel-based cloud infrastructure security provider, came out of stealth after closing a $4 million seed funding. The round was led by Ibex Investors LLC and included participation from private angel investors. 
  • Quiqup closes new $5.5M round: Quiqup, a United Arab Emirates-based delivery tech startup, announced a $5.5 million funding round led by Delivery Hero. The round also included support from strategic shareholders Cedar Mundi, JOBI Capital and Transmed.
  • Salla bags $8.5M for e-commerce platform: Saudi Arabia-based Salla, a platform that enables users to set up an e-commerce store in Arabic, raised $8.5 million, led by STV, joined by Raed Ventures and Vision Ventures, to expand its footprint within the Middle East.

Illustration: Dom Guzman


  1. OMERS Ventures is an investor in Crunchbase. They have no say in our editorial process. For more, head here.

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