Johnson & Johnson and GlaxoSmithKline both invested in the round, which will be used to speed up development of Navitor’s drug pipeline.
Month: June 2014
Markit generates big returns in $1.3bn IPO
The financial services data company’s initial public offering saw Bank of America, Goldman Sachs, Deutsche Bank and JP Morgan Chase all realise partial exits.
Cisco to allocate $150m to Canadian startups
The Cisco Canada Innovation Program will partner with venture capital firms for direct investments, and will also fund incubators and VC funds.
QPrize winner interview: MediSafe
The QPrize winner, an Israel-based medication app, is looking to raise a $4m to $6m series A.
Big Deal: NGP lands large exit after UCWeb move
Nokia Growth Partners backed UCWeb in 2010 because it believed UCWeb was a strong company, yet this required the unit to invest in a company potentially competitive to a goal of its sponsor and sole limited partner.
Proterra buses in $30m
The electric bus manufacturer secured the funding from corporates including General Motors and Exelon, with Mitsui also set to invest.
Puppet Labs raises $40m to take service worldwide
Google, Cisco and VMWare all invested in a round that lifted the IT automation software developer’s overall funding to $86m.
Special Report on Social Venturing
A special report by Global Corporate Venturing and Volans looks at how some corporates are setting social or environmental impact goals as part of their investment strategy
Weekly corporate venturing deal net: 16-20 June 2014
Other Machine, the US-based creator of a 3D cutting machine, has raised a $3m series A round at an $8.5m valuation from AOL-backed venture firm Crunchfund, as well as Broadway Angels, Allegro Venture Partners, Core Ventures Group, VegasTechFund, Slow Ventures and several angel investors, the Wall Street Journal reported on Wednesday. The company will direct… Continue reading Weekly corporate venturing deal net: 16-20 June 2014
Pixability views $8m series B
Online video marketing firm Pixability has received additional investment from commercial printing company Quad/Graphics and has now raised more than $9m in total.
Nimboxx manages $12m series A
Industrial manufacturing firm SMC provided the cash as Nimboxx won the People’s Choice award at GigaOM’s Structure 2014 Launchpad.
Tyrogenex gains $15m in series D round
Brace Pharma has invested $15m in cancer drug developer Tyrogenex, which will use the funding to advance its lead product.
IDG backs up Tapatalk seed round
The communication app developer has raised $5.8m in an IDG-backed seed round.
ClearCare homes in on $11m series B
Cambia Health joined the backers of ClearCare, which include returning investor Qualcomm, as it raised its overall funding to $15.5m.