A year after it closed its $120m fourth fund, corporate-backed venture firm Enertech Capital Partners is in talks with additional strategic partners as it seeks to continue its ‘wellhead to wall socket’ funding strategy.
Month: November 2014
Weekly corporate venturing deal net: 10-14 November 2014
Germany-based private car rental service Blacklane raised a mid-seven digit euro funding round on Monday at a nine-digit euro valuation, with investment coming from human resources provider Recruit Holdings. Blacklane raised $14m in December from Moovel, the mobility services subsidiary of automotive manufacturer Daimler, online vehicle marketplace Car4you, Alstin, B-to-V Partners and RI Digital Ventures.… Continue reading Weekly corporate venturing deal net: 10-14 November 2014
Riggs to be Aramco’s new lethal weapon
Richard Riggs has moved from BASF Venture Capital to take up a role at Saudi Aramco’s corporate venturing unit.
Corus leads $5.3m Execution Labs series A
Game Accelerator Execution Labs has raised $5.3m in a round led by Corus Entertainment to launch two accelerator programmes for gaming studios.
Cavendish Kinetics moves for $7m series C
Semiconductor maker Cavendish Kinetics has raised $7m in a round featuring Qualcomm Ventures, bringing the total raised by the company up to $32.5m.
Tencent and Line experiment with 4:33 Creative Labs
The game developer has picked up $110m from Tencent and Line as the corporates seek additional content for its messaging services.
Xiaomi sends funding to Yes I Deliver
China-based food delivery app creator Yes I Deliver has secured $13m in a series A round led by Xiaomi Ventures, the corporate venturing unit of smartphone manufacturer Xiaomi, China Money Network reported on Tuesday. Private equity firm Shenzhen Capital Group and Hu Zeming, founder of Chinese mobile Internet firm 91.com, also participated in the round.… Continue reading Xiaomi sends funding to Yes I Deliver
Xiaomi sends funding to Yes I Deliver
Food delivery app Yes I Deliver has received $13m in a series A round with involvement from Xiaomi, adding to a seed round raised last year.
Ananthasubramaniam leaves DTE Energy Ventures
‘Ananth’ Ananthasubramaniam has departed from energy company DTE’s corporate venturing subsidiary to launch AerLinX, a startup still operating in stealth.
Qunar to search for startups with $160m fund
The online travel information provider will invest in startups directly while also providing an incubator for entrepreneurs with good ideas.
IDG sets Course Hero for series A
Course Hero, a learning platform for crowdsourced study resources, has raised $15m in a series A round which included IDG Capital, bringing its total funding to $17.4m.
NGK sparks $8.6m series B for Spirometrix
Healthcare company Spirometrix has raised $8.6m in a series B round that included $5m from manufacturing partner NGK Spark Plug as an strategic investment.
Ambiq Micro to grow with series C funding
Ambiq Micro, a provider of ultra-low power integrated circuits for power-sensitive applications, raised $15m in an ARM-backed round that lifted its total funding to $35m.
Pentland invests cash for Modernizing Medicine
Modernizing Medicine has closed the first tranche of a $20m round of funding for its electronic medical records system, with Pentland participating as a return investor.