The diversified Chinese conglomerate will extend its corporate venturing activities to the US with a $100m Silicon Valley-based VC firm.
Month: April 2014
Games distributor Garena to play at corporate venturing
Garena, a portfolio company of Tencent, has established a subsidiary that will invest an ‘eight-figure’ amount of dollars each year.
Pure Storage flashes on $225m
The US-based flash storage company, backed by Samsung and In-Q-Tel in the past, has now secured $470m in total funding and is valued at over $3bn.
Tech Mahindra to store 75% stake in FixStream in $10m deal
The Mahindra Group subsidiary is in line to take a controlling stake in US-based subsidiary FixStream Network for about $10m.
Tachyus measures energy of $6m series A
The company, which develops software to measure fossil fuel production, has secured $6m from investors including corporate-backed venture capital firm Foundation 8.
CrowdRise attracts talent for $23m fundraise
The charity fundraising platform has secured $23m in a round supported by the corporate venturing units of talent agencies CAA and UTA.
Au’s move to Khosla shows how design can be golden
Irene Au has moved to venture capital firm Vinod Khosla as a design partner, indicating how design plays an increasing role in the venture capital process.
Electric Cloud plugs into $12m series E
Siemens Venture Capital has re-invested in the company, which has now raised $34.2m in equity funding since 2002.
Tengelmann classifies $10m funding for Carmudi
The online classified car advertising service has secured $10m and will use the funds to expand its Asian activities.
Principia Biopharma raises uninhibited $50m
The small molecule drug developer, which numbers SR One among its investors, has now secured $90m in overall capital.
Comcast subscribes to $60m Birchbox series B
The beauty product subscription service has now raised almost $72m after adding Comcast’s corporate venturing subsidiary to its backers.
Dropbox spins new acquisition with Loom
The online photo storage company, backed by Google and Tencent last year, has been bought by Dropbox alongside another startup, Hackpad.
AT&T presses play on $500m online video joint venture
The telecom giant will seek to invest in or acquire a stable of online video services in conjunction with digital media and entertainment company Chernin Group.
Airbnb raises $450-500m funding round
The DST-backed holiday home listing service has closed a round led by TPG Growth reported at $450m or $500m, and which values the company at $10bn.