The insurance company will invest in local startups through the fund at the same time as it launches an accelerator.
Month: July 2014
Corporates follow the CrowdTwist
Softbank, Bertelsmann and KBS+ each reinvested in the loyalty analytics company, which has now lifted its overall funding to $20m, after a $9m series B round.
Moven monitors $8m Sberbank-backed series A
Sberbank’s venture capital unit, SBT Venture Capital led the series A round, which took the personal financial data service’s funding to more than $12m.
ESB investment energises Cylon Controls
ESB Novusmodus provided the cash to fund an acquisition of American Auto-Matrix by Cylon Controls.
Bertelsmann finds Nirvana for digital fund
The media conglomerate has invested a ‘multi-million dollar’ sum in the Digital Nirvana Fund, which targets early-stage digital businesses.
AOL benefits as Rdio snaps up TastemakerX
Music streaming service Rdio has acquired competitor TastemakerX, enabling an exit for investors including AOL Ventures.
Existing investors to invest $15m in Capillary
Cloud-based marketing company Capillary Technologies is set to raise $15m in a round supported by existing backers that include American Express and Qualcomm.
Amex-backed Fancy to curate new funding
The e-commerce company, which has received almost $80m from investors including American Express and Kering, is set to raise the funding at a $1.2bn valuation.
Loxo Oncology seeks $69m from IPO
Array Biopharma is among the shareholders of the cancer therapeutics developer after striking a development deal in July last year.
Twitter to begin making strategic investments
The microblogging platform’s strategic investments will be overseen by its ex-CFO, and it is likely to chiefly target adtech companies.
Amazon exits as Google is on Songza
Google has acquired the music streaming and recommendation company for a reported $39m, giving exits to both Amazon and William Morris Endeavor.
Renren gets the message for Yik Yak series A
The social messaging app has now raised $11.5m after securing $10m from a DCM-led round that also included Renren.
Streetline stretches out to $10m series D
The parking management technology company has now raised over $50m from investors including Qualcomm’s corporate venturing unit.
Crealytics clicks for seven-digit funding round
High-Tech Gruenderfonds made its fourth investment in the online advertising firm, which also received contributions from LBBW and Maschmeyer.