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The VC Beat: DeepRoute.ai raises $50M; Celigo lands $20M in series B financing

This feature rounds up venture capital news and highlights larger deal coverage already published.

* Fosun RZ Capital led a $50 million pre-series A financing round for Chinese self-driving vehicle startup DeepRoute.ai LLC, with participation from GoldenSand Capital Ltd., Yunqi Partners, Ventech China Ltd. and Green Pine Capital Partners Co. Ltd.

* Celigo Inc., an integration platform-as-a-service provider for information technology and business customers, obtained $20 million in a series B funding round led by NewSpring Capital LLC, alongside Blossom Street Ventures and existing investor TVC Capital LLC. Celigo garnered about $8.3 million in a series A round in January 2016.

* A $16 million financing round for cannabis products company Viola Extracts Inc., which was founded by NBA veteran Al Harrington, was led by Gotham Green Partners LLC.

Additional coverage

Report: US venture capital firm Accel seeks up to US$700M for 6th India fund

Malaysia's Petronas launches US$350M venture capital fund

Unless otherwise noted, historical funding data is sourced from the S&P Global Market Intelligence platform.