KaufDA has acquired MeinProspekt for an undisclosed fee, as the local partnership deals promoter looks to expand its reach.
Month: July 2014
Citrix expands innovators programme to Bangalore
US-based technology company Citrix is expanding its early stage innovators programme to Bangalore, in the first step of a planned global expansion. Devon Crews, part of the leadership team at the Citrix Start-up Accelerator, said 10 to 12 teams would be selected from among the entrepreneurial applicants, Citrix corporate product teams and corporate partners. The… Continue reading Citrix expands innovators programme to Bangalore
$100m deals nearly double in Q2
The number of large deals nearly doubled in the second quarter (Q2). Corporations – including Intel, Tencent, Yahoo, Salesforce and Workday beyond MTS, Sistema and Google – were heavily involved in Q2’s large deals. This follows a rise in deals exceeding $100m. In the 12 months to the end of the first quarter there were… Continue reading $100m deals nearly double in Q2
Henry leaves Blue Orange for greener pastures
Adrien Henry is leaving waste and water management company Suez Environnement’s corporate venturing unit in order to lead a biowaste subsidiary.
Fundraising storms on
The last quarter was highly active, with 26 corporates setting up a fund, and 12 other funds backed by corporates being raised. At the same time there were two funds in the market with corporate backing that reached a close – Intellectual Ventures and Luminari Capital – and one fund set up by a corporate… Continue reading Fundraising storms on
AutoNavi tops exits, while JD.com tops IPOs
The acquisition of China-based digital map service AutoNavi for $1.5bn by Alibaba, secured the biggest corporate venturing exit of the quarter, after Alibaba had previously owned a 28% stake in the company.
Corporate activity booms
There were 456 investments in corporate venturing-backed companies worth $14bn, a sharp rise over the 246 investments worth $5.8bn in the first quarter. There were also 38 exits worth $9.7bn, which was a dramatic rise against the 21 exits worth $5.4bn in the first quarter.
Alibaba, Tencent, Nokia cash in on China activity
As well as investing in the biggest investments, Alibaba also secured the biggest exits, after it acquired China based digital map service AutoNavi for $1.5bn, having earlier backed it. Alibaba was also a big investor in China-based microblogging platform Weibo, which raised $285.6m in an initial public offering (IPO).
Google most active by number, Alibaba by value
A round-up of the biggest corporate venturing dealmakers in the second quarter.
Asian Ascendancy helps corporate venturing boom
Four of the five largest deals were in China, in a sign of how hot that market is right now for corporate venturing activity. Nine of the top 10 deals were in an Asian company or had an Asian corporate investor in the syndicate.
Microsoft and Akamai combine for cybersecurity accelerator
Microsoft and Akamai Technologies have launched a cybersecurity accelerator together with venture firm JVP that will offer one finalist $1m in seed funding.
Roche and Pfizer finance Epic funding round
The pharmaceutical companies have reinvested in Epic Sciences, which has raised $30m to fund commercialisation of its cancer cell testing technology.
Green Charge Networks stores away $56m
K Road DG supplied the cash, which will be used to scale up installation of Green Charge’s intelligent energy storage systems.
Pearson enrols African startups for Edupreneurs Programme
Pearson and Village Capital have opened applications to their Edupreneurs programme, now in its second year, which will target Africa-based startups.