The Germany-based steel recycler has racked up $1.5bn in debt, necessitating corporate funding.
Month: April 2014
ComputerShare-backed digital mail service Zumbox closes doors
Zumbox, which had raised more than $30m from investors including the share registry company over a seven-year period.
Marijuana-oriented startups to get seed money from $100m fund
Marijuana-focused media company High Times is establishing a $100m fund that will invest in marijuana-focused business startups.
Kuraray to invest $4m in Amyris as part of strategic collaboration
The biochemical producer has partnered with renewable products maker Amyris since 2011.
Recruit launches $49m venture fund
The Japanese company, which has interests in media, human resources and advertising, intends to invest in up to 30 startups.
Alibaba maps out $1.5bn acquisition of portfolio company AutoNavi
The China-based e-commerce company is set to extend its acquisition activity by buying navigation service AutoNavi in a deal worth about $1.5bn.
Microsoft buys Perceptive Pixel
In October 2010, 3M New Ventures provided an undisclosed amount to acquire 38% of Perceptive. The groups is understood to have reaped $100m from the sale of its stake to Microsoft, according to an insider on the deal.
The Big Deal: Sungevity
The solar installer’s $70m round, which featured GE and E.ON, indicates the entry of large corporate venture capitalists into the rooftop sector.
Box enters corporate venturing as Drchrono secures $2.7m
Medical record-keeping app creator Drchrono has now secured approximately $6.8m, as cloud computing company Box joins its investors.
Google adds another robotics startup to its portfolio
Savioke, which is developing robotics technology for the service industry, is reportedly Google’s eighth robotics investment in the past 12 months.
Shopdeca expands into Singapore with Polaris investment
Polaris has invested $1m for a 33.5% stake in the e-commerce company, which plans to expand from its home country of Indonesia.
Spero meets hopes with $3m series A
Spero, which is developing treatments for bacterial infections, has also set to secure funding through a partnership with Roche.
Novo helps Spinifex ease pain in $45m series C
The Australia-based biotechnology company, which is now part of Novo Ventures’ portfolio, has raised $64m in its last two rounds.
Weekly corporate venturing deal net: 7-11 April 2014
High-Tech Gruenderfonds, the early-stage firm backed by the German government and Germany-based corporates, has led a seed round for carsharing company CarJump. The amount raised was undisclosed but CarJump will use the cash to develop new products that will complement its lead offering, an app that integrates multiple carsharing services in a single place. Last,… Continue reading Weekly corporate venturing deal net: 7-11 April 2014