The GE-backed medical device company has now raised more than $60m in funding across four rounds.
Month: October 2014
Google turns on Innolight for $38m series C
Google’s growth equity fund co-led a round for the cloud computing component maker that will be used to enhance its production capabilities.
Weekly corporate venturing deal net: 29 September-3 October 2014
Allakos, a US-based developer of antibodies to treat diseases that involve the excess production of inflammatory cells, received $10m on Tuesday from existing investors Novo Ventures and Roche Ventures, which act as the corporate venturing units of pharmaceutical companies Novo and Roche respectively, Alta Partners and RiverVest Venture Partners. The funding follows a $32m series… Continue reading Weekly corporate venturing deal net: 29 September-3 October 2014
Guangzhou Weimeizi nurses funding from Legend Capital
The corporate venturing unit has invested a substantial undisclosed sum in the toiletry retailer.
Shopkick lands on SK Planet in $200m acquisition
Financial services firm Citi exited the mobile shopping rewards company through the deal, which will involve Shopkick becoming part of the SK Telecom group.
HubSpot sets range for IPO, aiming for $120m
HubSpot, which is backed by investors including Google and Salesforce, plans to float at a price between $19 and $21 a share.
Rocket fails to take off after $1.8bn IPO
Rocket Internet followed compatriot Zalando on to the Frankfurt Stock Exchange today at the top of its range, only to see its shares subsequently fall.
Comstock sees light at GE
Beth Comstock, who heads up GE’s corporate venturing unit, is set to take the reins at its lighting division, leading to greater integration with lighting technology start-ups.
WPP expands into China e-commerce with Polestar
Marketing company WPP has co-launched Polestar, a China-based start-up that will help companies manager their e-commerce activities in China.
Flea market app Fril secures $9.2m
Fablic, the maker of flea market app Fril, has raised $9.2m from investors including online recipe provider Cookpad and game developer Colopl.
Bloomberg and Formation 8 still find Context Relevant
Predictive analytics company Context Relevant, has raised an additional $13.5m from a Bloomberg-backed series B round featuring Formation 8 and Bloomberg Beta, bringing the total raised by the company to more than $44m.
Salesforce gets personal with Qubit
E-commerce personalisation platform Qubit has raised $26m in series B funding from Salesforce Ventures, Accel Ventures and Balderton Capital.
Tencent ups stake in 58.com with $100m investment
Tencent, which invested $736m in the publicly-listed online classified ad company in June, increased its share from 20% to 24% through the deal.
Houzz opens doors for $165m series D
The Comcast-backed home improvement and remodelling platform has closed a huge round that will support its international expansion.