The telecommunications company has formed what it claims is the ASEAN region’s first corporate venturing fund and will partner with Silicon Valley in its investments.
Month: August 2014
Windsor Circle squares $5.2m series B
Marketing company Windsor Circle has closed a $5.2m series B round featuring Comcast Ventures that took its overall funding to $7.6m.
Tokai Pharmaceuticals targets $75m from IPO
The Novartis-backed prostate cancer drug developer has filed for an initial public offering after raising more than $100m in funding.
Agworld reaps $5.6m for series C
Farm management company Agworld has secured $5.6m in a series B round led by Reed Elsevier that took its overall funding to $11.2m.
Everstring ropes in IDG for $12m series A
Everstring has raised $12m in series A funding for massive-scale data optimising from IDG, Lightspeed Venture Partners and Sequoia Capital.
Telstra buys portfolio company Ooyala for $270m
Telstra had already invested $61m for a 23% stake but acquired the Google, Motorola Mobility and Itochu-backed online video service for another $270m.
360fly buzzes to $17.8m series B
Camera producer 360fly has now raised almost $20m after receiving $17.8m in a series B round featuring the corporate venturing unit of Qualcomm and Voxx International.
Rakuten takes a Slice
E-commerce company Rakuten has acquired portfolio company Slice for an undisclosed amount to get access to data technology for analysis of its users.
Bubbly set to burst after failed acquisitions
SingTel and Comcast-backed social communications company Bubble Motion looks set to wind down following two failed acquisitions.
Alibaba not interested in Snapchat investment
A source has refuted reports that the e-commerce company is in talks with Snapchat over a funding round that would have valued the app at $10bn.
Investors dish out $15m to Plated
Grocery and recipe delivery service Plated has raised $15m in a series A round featuring LS and Korea Telecom-backed firm Formation 8.
Zubie unlocks $8m for series B
Nokia’s Connected Car fund made its first investment as part of the driving analytics company’s series B round, which also featured Magna, Castrol and Comporium.
Powin Energy stores away $25m
Solar module maker Shunfeng Photovoloaic invested $25m in the energy storage company for what is likely to have been a 20% stake.
Itochu to target Southeast Asia with $100m fund
The conglomerate’s venture capital unit is preparing a fund sized between $50m and $100m for 2015, and will seek to boost its investments in Southeast Asia.