Listen to this article
Trax raised US$125 million last year in a round led by Chinese private equity firm Boyu Capital, and Singapore's sovereign wealth fund GIC came on board as a shareholder later. Trax's valuation should now rank only behind ride-hailing giant Grab's among Singapore-based tech startups. In China, Trax will integrate LenzTech's 110 employees, including 60 research and development staff, with its subsidiary there. Boyu Capital, Trax's second-largest shareholder, was instrumental in helping the company negotiate many aspects of the deal, including the price, the CEO said.
Sverige Senaste nytt, Sverige Rubriker
Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.
Källa: BusinessTimes - 🏆 15. / 51 Läs mer »