China Media Capital is raising a “few hundred million” for a dollar denominated investment fund, and investors will include Softbank, WPP and Time Warner.
Month: March 2014
Versartis grows with $126m IPO
The Amunix-backed biopharmaceutical company could close its initial public offering at almost $145m, and will invest the proceeds in developing its lead drug candidate.
TPG backs new China-funded Hollywood film studio
The studio, also funded by investors including China-based private equity firm Hony Capital, will target a star-led, mid-budget release portfolio, as well as direct distribution agreements with major cinema chains.
Google-backed Play-i scores $8m series A
The California-based developer of educational robots raised $8m in a round backed by VC firms Madrona and Charles River.
Emotient faces Intel for $6m series B funding round
Emotient, a developer of facial recognition technology, has now secured $8m in total, with Intel investing in both its main venture capital rounds.
Mitsui makes $28m from A10’s $187.5m IPO
A10, a web app software company, has generated $187.5m from its initial public offering, which saw Mitsui divested $28.3m of shares.
Nokia goes for Gigwalk
Nokia Growth Partners and Randstad Innovation Fund have backed Gigwalk’s $10m series B round, which has increased its total funding to almost $18m.
Randstad launches HR technology corporate venturing fund
The Randstad Innovation Fund will target online, mobile, social media and big data, and has already made its first investment.
China Fortune Land Development launches US-based incubator
The China-based property and land developer will aim to bring technology developed by US firms through the incubator to the Chinese market.
1871 Launches 1871 FEMtech
Google and Motorola are among the investors in an incubator launched by US-based entrepreneurial hub 1871 that will support female-led startups.
GCV awards
The awards shortlist for our 2014 awards is now out.
Big Deal: Biogen’s axiomatic return
This is promising for other groups, such as Canada and South Africa-based energy groups Cenovus and Sasol, which have decided against continuing or forming a formal corporate venturing programme, senior executives at both companies said.
Weekly corporate venturing deal net: 17-21 March 2014
– Japan-based conglomerate Softbank has led a $3.8m series A round raised by Reonomy, the US-based developer of a commercial real estate research platform. The round also saw investment from FinTech Collective and existing backers Resolute Ventures, High Peaks Venture Partners and KEC Ventures. Reonomy raised $1.15m in seed funding in March 2013. – US-based… Continue reading Weekly corporate venturing deal net: 17-21 March 2014
Jeon to move from Samsung Ventures Europe to lead US digital activity
The executive will be promoted to head up the unit’s US digital and mobile investments, and will be replaced by Jong Sang Choi.