Industrial holding company HC2 Holdings provided $5m in series A-1 funding for US-based video data technology start-up NerVve Technologies on Monday. Nervve, which has developed a system it claims can read visual pixels as if they were words, previously received funding from In-Q-Tel, the US intelligence community’s venture capital fund. US-based executive education provider ExecOnline… Continue reading Weekly corporate venturing deal net: 20-24 October 2014
Month: October 2014
Google leads huge $542m series B for Magic Leap
The augmented reality company has now raised almost $600m in total, after Qualcomm and Legendary Entertainment joined Google in the round.
Fosun backs companies in China and Israel
China-based conglomerate Fosun has invested in cancer testing company Check-Capand courier service Beijing ZJS Express through two of its subsidiaries.
Future Lifestyle adds to portfolio with Elisir investment
Future Lifestyle Fashion, the fashion arm of retail conglomerate Future Group, has acquired a majority stake in shoe manufacturer, retailer and distributor Elisir Lifestyle.
NDC Innovation Fund takes off
The International Air Transport Association has created a $5m stand-alone fund that will invest up to $1m in each start-up in partnership with Travel Capitalist Ventures.
Bitnet cashes in with $14.5m series A
Bitnet, a digital commerce platform which allows merchants to except digital currency Bitcoin, has raised $14.5m in a round featuring e-commerce giant Rakuten.
Ooyala acquires video ad platform Videoplaza
Online video publishing and analytics company Ooyala has acquired video ad management platform Videoplaza for an undisclosed amount, allowing Qualcomm to exit.
NVCA’s Corporate Venture Fall Summit
Hyatt Regency Huntington Beach Resort, California
Metail tries on $12m for series B
Metail, a platform which allows users to try on clothes virtually, has raised $12m in a series B round featuring garment maker TAL.
Technisys banks on $13m series B for expansion
Financial technology company Technisys has raised $13m in a series B round that included Intel’s corporate venturing unit, which it will use to expand its product into new markets.
BGF steps into Moda in Pelle
Fashion shoe retailer Moda in Pelle has receive $5.6m from Business Growth Fund to improve its current stores and improve its presence online.
Lee steps down from CTBC role
Jack Lee, chairman of Taiwan-based CTBC Venture Capital, the venture capital arm of financial conglomerate CTBC Holdings, has handed in his resignation.
Education platform Iversity brings in new cash
Online education platform Iversity increased its overall funding to more than $6.4m after closing a Deutsche Telekom-backed round.
Cheapflights-backed Momondo raises £129m
UK-based online travel search company Momondo Grouphas received an £80m ($129.2m) investment from private equity fund Great Hill Partners, which took a majority stake in the company. The deal values Momondo, which raised an undisclosed amount from price comparison site Cheapflights in 2011, at more than $213m. Momondo is an online travel search company… Continue reading Cheapflights-backed Momondo raises £129m