The carbon dioxide-to-fuel company secured the funds to test its technology after BP reinvested through its corporate venturing arm.
Month: September 2014
Avelas discovers additional funding for series B
The cancer diagnostics developer raised $7.4m in the Wuxi Pharmatech-backed round, and has now secured more than $15m in overall funding.
IDG tries on Eshakti for a second time
The fashion brand, which caters to a US customer base, has now raised almost $15m, after IDG invested for a second time.
Mail.ru picks up $80m from Qiwi shares
The internet company has now made about $300m in total from share sales in publicly traded payment company Qiwi.
Porsche pays $55m for 10% of Inrix
The sports car maker acquired the stake in traffic data provider Inrix as part of ongoing efforts to invest in mobility and connectivity.
Square shapes $100m funding round
The mobile payment firm, backed by Citi, Starbucks and Visa, has now raised $440m in total, after a reported investment from Singaporean state-backed GIC.
Poxel extends series B round to $23m
The Merck Serono spin-off has now secured $43m over two rounds as it prepares to advance its lead product candidate, which is targeted at diabetes sufferers.
MakeMyTrip to create corporate venturing fund
The online travel booker will target early-stage travel companies, and will plan to focus on mobile travel technology in particular.
Veracode secures $40m in series F round
The cloud security company completed the round with contributions from existing investors, which could include Symantec and Rovi Corporation.
Snapdeal to target mobile technology with incubator
The e-commerce company will work with eight start-ups at a time as it seeks to adapt to an Indian economy that is increasingly moving on to mobile devices.
Xiaomi packs in to Jimubox
The smartphone producer has co-led a $37.2m series B round for peer-to-peer lending platform Jimubox.
Weekly corporate venturing deal net: 8-12 September 2014
Spice Digital, a subsidiary of mobile phone maker Spice Mobility, has paid an undisclosed amount for a 26% stake in Vavia, the India-based creator of Txtbrowser, a text message-based search engine, according to a stock market filing on Tuesday. Vavia is also the developer of an anonymous social networking app called Confess. US-based app-centric software… Continue reading Weekly corporate venturing deal net: 8-12 September 2014
Merck monitors Preventice and ECardio merger
The medical device developers have agreed a merger, and Merck and Mayo Clinic, both of which have funded Preventice, will continue to support the new company.
Syngenta commits to $408m TrueBridge Capital fund
Alternative asset investment firm TrueBridge has raised a third fund-of-funds that counts agribusiness Syngenta as a limited partner.