The fund, co-managed with incubator Nest, will choose eight companies for its initial programme, which will focus on healthcare and insurance innovation.
Month: November 2014
RealView displays promise for LongTec
RealView Imaging, the creator of holographic 3D imaging technology for surgeons, has secured $10m in a round backed by medical device maker LongTec.
BranchOut fits assets into 1-Page
Human resources software company 1-Page has acquired the assets of Norwest-backed networking service BranchOut, which had raised $49m, for only $5.4m.
Curetis extends series B round to $18m
Germany-based molecular diagnostics company Curetis has extended its series B round to €27m ($33.7m) after securing funding from drugs company Roche and molecular biology specialist Qiagen. The second tranche totalled approximately $18.1m, $8.7m of which was provided by Qiagen and healthcare insurer Achmea, which participated via its LSP Health Economics Fund, formed with Life Sciences… Continue reading Curetis extends series B round to $18m
Weekly corporate venturing deal net: 24-28 November 2014
US-based advanced hearing aid developer iHear Medical expanded a series C round backed by office equipment maker Brother Industries and insurance firm Ameritas Holding Company to $5m on Monday. The first tranche of the round was led by venture capital firm Lighthouse Capital, and it follows a $1.8m round in 2012. The company’s earlier backers… Continue reading Weekly corporate venturing deal net: 24-28 November 2014
Rakuten goes for another ride on Carousell
Mobile marketplace app Carousell has raised $6m in a series A round that follows a Rakuten-led seed round last year.
IDG and Jiangxi Copper make Qiandaibao payments
Online payment service Qiandaibao has received funding from a range of investors including IDG Capital and copper supplier Jiangxi Copper.
Mediatek chips in to $1.6bn semiconductor fund
The semiconductor maker is set to invest $49m in the fund, which will support semiconductor technology companies operating in the Chinese market.
Naspers helps spin $15m for SimilarWeb
Naspers co-led a series D round that increased the web ranking provider’s overall funding to $40m.
Vivify invigorates itself with series B
The patient monitoring software developer added Envision Healthcare and LabCorp to a pool of investors already including Ascension Health as it seeks to raise $15m.
VigLink boosts series C and buys LinkSmart
Google-backed VigLink acquired LinkSmart and topped up its series C round to $20m with two of the content promotion company’s investors.
News Corp hunts out PropTiger
The media company took a 25% stake in online property listings site PropTiger, leading a $37m series B round that took its funding to $42m.
Promethera receives SMS for $25m series C
Construction company SMS joined Boehringer Ingelheim and past corporate backers including Shire, Mitsui and ATMI in backing Promethera.
Yik Yak posts $62m series B
The anonymous messaging app, which counts Renren as a backer, is reportedly valued at up to $400m, just seven months after a seed round raised at a $10m valuation.