Shutl, a UK-based on-line postal company, has secured a $2m round led by US-based postal service UPS’s Strategic Enterprise Fund and with the backing of France-based postal group Geopost. The corporate venturing unit of UPS, which took a 6 per cent stake in the company, will provide a launch pad for Shutl’s US expansion. Shutl’s… Continue reading UPS, Geopost send $2m to Shutl
Month: August 2012
CardioDx gets $58m pumping
Intel-backed cardiovascular diagnostics firm CardioDx raises $58m in a venture round joined by Temasek and existing investors.
Regulus preps for IPO
Sanofi Aventis-backed biopharma company Regulus Therapeutics preps for its anticipated IPO.
Game over for OnLive founder
OnLive founder Steve Perlman is replaced as CEO following a sudden and unexpected restructuring.
Delivery Hero eats up €40m
The corporate venturing unit of Germany-based retail company Tengelmann and Russia-based technology company Ru-Net have helped online takeaway service Delivery Hero raise €40m ($50.2m), in series D funding led by Kite Ventures. The round brings in venture debt provider Kreos Capital and doubles Delivery Hero’s total funding to €80m. Delivery Hero’s previous investors as well… Continue reading Delivery Hero eats up €40m
Telefonica selects 9 startups for Wayra, Munich
The nine finalists of Wayra Germany are detailed by the Spain-based telecoms group.
Statoil, Chevron boost Silixa
Statoil Technology Invest and Chevron Technology Ventures invested in the UK-based fibre optic company after it had received previous investments from the Chevron corporate venturing unit, and venture firm Lime Rock Partners.
American Express swipes $15m for Ness Computing
Restaurant recommendation app company Ness Computing closes a $15m series B round led by SingTel Innov8 and backed by American Express.
CrunchFund’s $4m shopping spree for Twice
Fashion retailer Twice raises $4m in a venture round that includes AOL-backed venture firm CrunchFund, SV Angel, IA Ventures, and others.
Bill Gates sees intelligence in Kymeta
Intellectual Ventures raises $12m for its spin-off Kymeta from Bill Gates and other investors including media company Liberty Global.
Chenal Media secures $7m
The media company which spun off from Chenal Brands in 2010 raises $7m.
Bubble Motion pops $5m
“Twitter with a voice” company Bubble Motion, which is backed by Singapore Telecommunications’s corporate venturing unit, raises $5m series E round from JAFCO.
SumUp compiles $20m
SumUp, a European rival to mobile payment company Square, raises a $20m series A round backed by Germany-based retailer Tengelmann’s corporate venturing unit, b-to-v Ventures and others.
How Silicon Valley syndicates work
Just a short comment as I am flying to San Francisco this week so am interested in reader feedback about which corporations have opened a venturing unit in Silicon Valley or do deals there over the past 12 months. I’m giving a talk to US and overseas corporations this week so I am keen to… Continue reading How Silicon Valley syndicates work