First-quarter data analysis from Global Corporate Venturing.
Month: May 2014
Weekly corporate venturing deal net: 28 April-2 May 2014
US-based music streaming service Rdio has formed a marketing, content and promotion partnership with Canada-based media company Shaw Communications that will involve Shaw investing an undisclosed sum in Rdio’s holding company, Pulser Media. Rdio previously raised $17.5m in 2011 from investors including Atomico and Mangrove Capital Partners. BookBub, a US-based free service that helps readers… Continue reading Weekly corporate venturing deal net: 28 April-2 May 2014
2014: first-quarter data analysis – First quarter shines
An introduction to our first-quarter data supplement from Global Corporate Venturing.
Mode Media loses Glam with $15m fundraise
The vertical media network, which has changed its name to diversify as it launches an online video network, has now secured $190m from backers including Hubert Burda and Mizuho.
Scynexis raises IPO target to $71m
The GSK-backed fungal infection drug developer has raised the maximum again from the $55m initially targeted from an IPO in which Sanofi will become its largest shareholder.
Ambri stores $35m in series C round
Total has re-invested in the renewable energy storage company, which will use the funds to build its first commercial-scale production facility.
Cisco fills in the gaps as Evrythng raises $7m
Evrythng, a developer of software that connects products with the web, has secured $7m from backers including Cisco Investments.
Ayla Networks its way to $14.5m series B
The connected software developer has now raised $20m, with Cisco Investments joining its backers.
Cisco to invest another $150m in corporate venturing
The networking company is set to provide the cash, which will be added to $100m announced in January, over the next three years.
Concur Technologies agrees to up stake in Cleartrip
Concur, which invested $40m in the online travel agency in 2011, has agreed a deal to purchase a 25% stake in the company from two of its other investors.
Atlas Genetics maps out $29m series B close
Atlas Diagnostics, a UK-based company specialising in medical diagnostic tests for infectious diseases, has closed the final tranche of its £16.9m ($28.6m) series B round. Investors in the round included healthcare corporate venturing units Novartis Venture Funds and Johnson & Johnson Development Corporation, medical device producer Consort Medical, Life Sciences Partners, BB Biotech Ventures, YFM… Continue reading Atlas Genetics maps out $29m series B close
Bidu insures against failure with $9m fundraise
The Brazil-based insurance price comparison site has secured $9m in a round supported by Bertelsmann and MTN-backed Amadeus Capital.
Four Microsoft accelerator candidates in talks for acquisitions
Four startups currently enrolled in Microsoft Ventures’ Accelerator Plus initiative are in negotiations to be bought, though no firm announcement is set to be made until graduation later this month.
EID Parry nets Alimtec from Bayer
Bayer has sold subsidiary Alimtec to a company owned by India-based company Murugappa for an undisclosed sum.