Serial entrepreneur Kevin Rose is scaling back his time at Google Ventures to launch a new company, North Technologies.
Month: August 2014
OpenRent houses funding from Northern & Shell
All-in-one online rental platform OpenRent has received a multi-million pound investment as part of a ‘media for equity’ deal from Northern and Shell Ventures.
Beibei delivers $24.3m series A
E-commerce company Beibei has raised $24.3m in series A funding from IDG, Banyan Capital and parent company Husor E-Business.
Tim Danford switches to Intel
Tim Danford of venture capital firm Lightspeed Venture Partners has left the firm to take up a position at Intel Capital where, “the amount of resources made available to startups is definitely greater”.
Fund in the News: MassMutual Ventures
Global Corporate Venturing caught up with the three founding directors of insurance group MassMutual’s corporate venturing unit to get the lowdown on their plans for the fund.
Lailaihui books $16.3m in Fosun-backed round
China-based online holiday booking portal Lailaihui.com has received RMB 100 million ($16.3m) in series B financing, China Money Network reported on Friday. The money came from conglomerate Fosun International’s venture capital arm, Fosun Venture Capital, and asset fund manager CDH Investments. Lailahui, which is affiliated to Beijing Lailai Website Network Technology, previously received $1m in series A… Continue reading Lailaihui books $16.3m in Fosun-backed round
IDG nourishes Nutrinsic in $12.7m series C
Nutrinsic Corporation has completed a $12.7 million capital raise that will support the continued growth of its nutrient-recycling technology.
Interview: Corporates funding healthcare at earlier stage
Corporates are funding healthcare companies at an earlier stage to get a foothold, and to offset R&D costs, Jonathan Norris from Silicon Valley Bank told Global Corporate Venturing.
Weekly corporate venturing deal net: 11-15 August 2014
Israel-based musical learning app developer JoyTunes has raised $5m in a series A round co-led by corporate-backed venture capital firm Formation 8 and VC firm Aleph, and which also featured Genesis Partners, Israeli business daily Globes reported on Tuesday. JoyTunes previously raised $2m over two rounds from backers including Genesis, Founder Collective and Kaedan Capital.… Continue reading Weekly corporate venturing deal net: 11-15 August 2014
Novo-backed Otonomy raises $100m in IPO
Otonomy, which is developing treatments for ear disorders, could boost the size of the offering to $115m if the underwriters take up the option to buy more shares.
Vitae sets course for $55m IPO
The pharmaceutical company has raised over $100m in equity funding from investors including Boehringer Ingelheim and Allergen.
AdStage reaches next level with $6.3m series A
All-in-one advertising platform AdStage has now secured $8.8m in total funding after raised a series A round featuring Digital Garage and Verizon Ventures.
B-Stock boxes up $7m
Liquidation sales management service B-stock solutions has raised $7m in series B funding from SGE and True Ventures.
Gumi gives itself a Breaker
Online entertainment producer Breaker has formed a strategic partnership with Gumi, following a significant investment from its corporate venturing unit, Gumi Ventures.