Stories by Dan Primack

Mary Meeker's new VC firm raises $1.25 billion

Bond Capital co-founder Mary Meeker. Photo by Michael Kovac/Getty Images

Bond Capital, the growth equity firm spun out of Kleiner Perkins last year, has secured $1.25 billion in commitments for its debut fund, Axios has learned from a source. It has not yet held a final close, so the ultimate number may be slightly higher.

  • Primary source: Bond today disclosed the fund in an SEC filing, although only included the $1.25 billion as a target size.

Why it matters: Bond expects to have a very big May, based on past investments while still with Kleiner Perkins, as portfolio companies Uber and Slack both plan to go public.

Scoop: Tyson Foods sells stake in Beyond Meat amid rising tensions

Illustration of a plastic hamburger surrounded by chicken feathers.
Illustration: Aïda Amer/Axios

Tyson Foods has quietly sold its stake in alternative protein company Beyond Meat, which is expected to go public next week at a valuation north of $1 billion.

What's happening: Tyson had a 6.5% ownership stake in Beyond Meat when the company filed for its IPO last November, having invested a total of $23 million between 2016 and 2017 (via its Tyson Ventures arm). It was still listed on an April 15 amended filing, but not in a subsequent one this past Monday.

Chinese gaming platform giant DouYu files to go public

Illustration of Xbox controllers
Illustration: Axios Visuals

DouYu, a Chinese live game-streaming platform, on Tuesday filed for a $500 million IPO.

Why it matters: This may be the largest of what is about to be a flood of highly-valued Chinese companies going public in the U.S. This week features road-show launches for both So-Young (online plastic surgery marketplace) and Yunji (social e-commerce), while yesterday came an IPO filing from Luckin Coffee (whose $150m fundraise was our BFD just last week).