The healthcare system provider has now raised almost $120m from investors including Google’s corporate venturing unit.
Month: April 2014
Lending Club acquires new member with $115m in financing
The $115m in equity and debt is being used to support the $140m acquisition of Springstone Financial.
Weibo stock surges after it raises $285m from IPO
E-commerce company Alibaba has increased its stake in the microblogging platform to 32% through an initial public offering that now appears underpriced.
Next generation corporate VCs are here to stay
This week for our main comment we republish an article by Bill Taranto, the head of Merck’s Global Health Innovation fund, on how corporate VCs are here to stay.
Dropbox raises more money
Alongside media-focused merchant bank Allen & Company, Goldman Sachs placed $325m of stock, according to a regulatory filing.
The Big Deal: AutoNavi
Alibaba’s $1.5bn acquisition of digital navigation service AutoNavi shows that diversification is as important for China-based internet companies as their western counterparts.
Weekly corporate venturing deal net: 14-18 April 2014
Chubbies, a US-based producer of vintage-styled shorts for men, has secured $4m from IDG Ventures, the corporate venturing subsidiary of media company IDG, several angel investors, and venture capital firm Rothenberg Ventures, which previously kicked in seed funding for Chubbies in 2012. The company will use the funds to expand its sales and marketing activities.… Continue reading Weekly corporate venturing deal net: 14-18 April 2014
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Videocon reportedly considers acquiring portfolio company Dr Datsons
A local press report has stated that India-based Videocon could follow up an investment in pharmaceutical company Dr Datsons by acquiring the company.
LundbeckFond Ventures invests in Iconic company
Iconic, which develops treatments for eye disorders, has now raised almost $32m after securing $20m in is series B round.
GE and Saudi Aramco issue desalination challenge
The corporates will offer $50,000 to each company able to improve energy efficiency for the water desalination process.
KeyMe unlocks $7.8m in series A funding
The smart key replacement service has now raised more than $10m from investors including 7-Eleven’s corporate venturing unit.
Neenah Gessner weaves into AIM Filtertech
The nonwoven fabric maker has secured an undisclosed amount of funding from Neenah Gessner, a Germany-based subsidiary of paper company Neenah Paper.
DI Group joins forces with Asian investors for hardware accelerator
HaxAsia, backed by the Belgium-based business group among others, will invest up to $500,000 in IT companies that progress through the programme.