Speakers discussed the present and future of venture capital investment in Africa on the second day of the GCV Symposium.
Month: June 2014
Orange chooses Niger for third African incubator
CIPMEN will help launch small-to medium-sized startups, and follows two earlier incubators, launched by Orange in Senegal and Mauritania.
Tarsa Therapeutics raises $7m for series B
The Novo-backed osteoporosis drug developer has now raised $35m in its series B round, and almost $100m in debt and equity since it was founded.
GrabTaxi hails $15m in series B funding
The taxi ordering app has now raised $25m from investors including online travel agency Qunar and will now seek to expand across Southeast Asia.
The corporate venturing global overview
Below is an edited transcript of the keynote speech at the 2014 Global Corporate Venturing Symposium in London by James Mawson, Global Corporate Venturing’s editor-in-chief.
CyberAgent to take Voyage to Japanese flotation
The internet and e-commerce company, originally spun out from CyberAgent in 1999, is set to go public early in July.
Rocket Internet to soar past $4bn in IPO
The Access-backed firm, which promotes itself as the world’s largest internet incubator, is set to float in Frankfurt later in 2014.
CAR starts engine on $400m IPO
The Chinese auto rental service, which is 19% owned by Hertz, will seek to float in Hong Kong after an aborted 2012 IPO in the US.
BGF reinvests in portfolio
BGF, backed by five financial services firms, has made further investments in two of its portfolio companies, a chain of Mexican restaurants and a gym operator.
Rodin Therapeutics captures sublime $12.9m
Johnson & Johnson Development Corporation and Atlas Venture both returned to contribute to a $12.9m round raised by the pharmaceutical company.