Mitsui and BlueCross BlueShield will both exit Change Healthcare, which is set to become Emdeon’s healthcare engagement division.
Month: November 2014
V-Key unlocks $12m for series B
Ant Financial, the operator of online payment service Alipay, provided the funding alongside existing backer IPV, taking its total funding to $16m.
Renren gets into GoGoVan for $10m
Moving service GoGoVan has now raised $16.5m in three months, after Renren paid $10m for a 10% stake in the startup.
Merkle finds money for 500friends
Intel-backed loyalty rewards platform 500friends has been acquired by marketing agency Merkle for an eight-figure sum.
FoodPanda satisfies hunger with TastyKhana
Delivery Hero, which had invested $5m, exited food ordering platform TastyKhana after FoodPanda acquired it in a $19m deal.
Gene editing company Intellia launches with $15m
Novartis participated in the series A round for Intellia, which was co-launched by biotechnology developer Caribou.
Weekly corporate venturing deal net: 17-21 November 2014
IBM Watson Group, the cloud computing unit set up by computer maker IBM, has invested an undisclosed amount in Pathway Genomics, a US-based genetic information researcher working on the world’s first consumer-facing app to be based on a person’s genetic make-up. The investment took Pathway Genomics’ funding to more than $80m over a six-year period.… Continue reading Weekly corporate venturing deal net: 17-21 November 2014
Qualcomm portfolio company wins Scale Up Prize
Blippar wins growth prize at CEO Scale Up Summit.
Transamerica helps divert $50m to CipherCloud
Cloud security company CipherCloud has now raised $80m from its last two rounds, with Deutsche Telekom reinvesting alongside Andreessen Horowitz.
SoftBank takes up residence at Housing.com
The telecommunications company paid $70m for a 30% stake in the online real estate listings company, which raised $100m in a round in which Qualcomm reinvested.
Delhivery aims to pick up $150m
Two months after it raised $35m, the Times Internet-backed e-commerce logistics company has set a target of $150m in growth funding over the next two years.
Interview: Mike Woollatt, CVCA
Canada-based corporates and governments need to match their US counterparts and be less ‘Canadian’ in order to grow the country’s venture capital sector.
Rocket Internet to launch 10 startups next year
The corporate-backed incubator and venture firm also revealed it had formed a strategic partnership with social network Facebook.
Johnson & Johnson joins LifeBond series D
Surgical glue developer LifeBond has raised half of the $25m it has targeted for its series D round, with series C investor Johnson & Johnson returning.