Commerzbank’s newly formed fintech fund will invest from series A to C stage in Europe and the US, and could partner with the bank’s existing incubator.
Month: October 2014
Corporates grapple with training challenge
The influx of new entrants into corporate venturing means there are large numbers of executives attempting to come up to speed quickly with how to work in an existing unit or to set the strategy.
Sanofi backs $12m Unum Therapeutics series A
Cellular immunotherapy company Unum Therapeutics has secured $12m in a series A round that included Sanofi-Genzyme BioVentures to further develop its cancer treatments.
Software company Acumatica collects $13.3m
Cloud-based software company Acumatica has raised $13.3m in a MYOB-backed series C round, bringing the total raised by the company to over $30m.
Car rental firm eHi invests in Kuaidi Dache
Car rental company eHi has disclosed the purchase of a 8.4% stake in taxi-ordering service Kuaidi Dache in April for $25m.
Carmel Ventures closes $194m corporate-backed fund
Corporate-backed companies Baidu, Qihoo360 and Ping-An all committed capital to Carmel’s fourth fund, which has already invested in five start-ups.
Benu networks its way to $27.7m series C
Network equipment supplier Benu Networks, backed by Comcast, Liberty Global, Arris and Motorola Mobility, has raised $27.7m in series C funding and appointed a new CEO.
Intel fund targets five Chinese start-ups
Intel Capital has made its first investments via its $100m China Smart Device Innovation Fund, committing $28m to five internet of things device start-ups.
SoftBank leads $100m round for Tokopedia
Online marketplace Tokopedia has secured $100m in funding from Softbank’s internet and media subsidiary and its SB Pan Asia Fund.
Mirantis secures $100m for series B
Cloud software services provider Mirantis has raised $100m in a series B round featuring Intel Capital, Sapphire Ventures and Ericsson
Google Ventures expands European Fund to $125m
Google Ventures has increased the size of its European start-up fund from $100m to $125.
GrabTaxi catches $65m in series C round
Taxi ordering app GrabTaxi has raised $65m in its third round so far this year, bringing the total raised by the company to about $90m.
Viamet Pharmaceuticals brings in $60m
Viamet Pharmaceuticals has raised $60m in a series D round featuring Novartis, Eli Lilly and Astellas, days after withdrawing its IPO plans.
Tencent invests $145m in $350m Koudai series C
The internet company took a 10% share in e-commerce platform Koudai, which is aiming to leverage a partnership with WeChat to sell more widely.