The grocery delivery service’s series C funding illustrates the vast sums available for companies diversifying what has become known as the Uber model into new industries.
Month: January 2015
Weekly corporate venturing deal net: 12-16 January 2015
Radio equipment maker Otto Engineering paid $5m for a 20% stake in Multivoice, a US-based developer of voice-activated mobile technology, as part of a $5.75m seed round on Tuesday. Multivoice received the other $750,000 from undisclosed angel investors, and will use the cash to boost its research and development and sales and marketing activities. Neviah… Continue reading Weekly corporate venturing deal net: 12-16 January 2015
Shanda helps deliver $10m to YunNiao
Online courier platform YunNiao, launched in Beijing in September, has received funding from backers including Shanda Interactive as it seeks to expand.
DPD packages up accelerator programme
Parcel delivery service DPD has partnered with L Marks for an accelerator programme through which startups can secure up to $170,000 in funding.
Cheetah goes on the prowl in Taiwan
China-based mobile app developer Cheetah Mobile has launched a $3m seed fund that will invest in Taiwan-based startups.
Xercise4Less stays fit with $47m
The low-cost gym chain has secured a mixture of equity provided by financial services-backed fund BGF, debt financing, asset financing and leasing facilities.
NeuroPhage boosts series D to $27m
NeuroPhage Pharmaceuticals, a US-based biotechnology company backed by pharmaceutical firms Shire and Mérieux, has closed a $27m series D round after securing $10m from undisclosed investors. The company initally raised $17m in March 2014 from Shire and Mérieux Développement, the healthcare investment unit of bioresearch corporation Institut Mérieux, in the first tranche of the round.… Continue reading NeuroPhage boosts series D to $27m
SoftBank studies XueXiBao for $20m series B
SoftBank’s Chinese corporate venturing unit has led a $20m series B round for the online education company as it seeks to expand.
Intellinx finds Bottomline in acquisition
Cloud payment provider Bottomline Technologies has acquired the fraud detection and prevention company for $67m.
Chan moves to Felicis
Wesley Chan, a general partner at Google Ventures until early 2014, has joined venture capital firm Felicis Ventures.
Rose plants himself outside Google Ventures
Kevin Rose, formerly a managing partner at Google Ventures, has left the unit to focus on his startup, North Technologies, which has just raised $5m.
Infosys announces $250m corporate venturing fund
The Innovate in India Fund will form part of the IT services company’s larger Innovation Fund, which is being expanded to $500m.
Cash flows to Fountain for second fund
The life sciences fund, which spun out from Elan Corporation, has reached a $98.5m first close for its second fund, securing investment from an undisclosed strategic.
Apama ascends to series B
US-based medical device developer Apama Medical secured $11m of a planned $17.5m series B round on Tuesday from investors including Ascension Ventures, the corporate venturing arm of healthcare provider Ascension Health. Venture capital firms Onset Ventures and Incept also participated alongside several unnamed angel investors. Apama previously raised $3.2m from Broadview Ventures in a series… Continue reading Apama ascends to series B