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New Deal


Announced

Completed

Tencent and Temasek completed the $300m series E funding round in MiningLamp.

Financials

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Transaction Value£243m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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big data

Minority

Single Bidder

Software

Private Equity

artificial intelligence

software solutions

Friendly

China

Private

Completed

artificial intelligence software

Acquisition

Synopsis

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Private equity firms Tencent Holdings and Temasek Holdings completed the $300m series E funding round in MiningLamp Technologies, a software services provider. Other investors include China Renaissance and Sequoia Capital. "With the capital injection, MiningLamp can accelerate our efforts to empower our clients to digitise, helping them successfully transform at a time full of uncertainties,” Wu Minghui, MiningLamp Founder, Chairman and CEO.

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