Sinvent-backed smartphone camera lens developer PoLight has secured $19m as it looks forward to an initial public offering.
Month: February 2015
Line opens $42m Gateway for startups
Instant messaging company Line has launched a $42m fund that will seek to fund e-commerce, payment, media, entertainment and online-to-offline companies.
Suja raises $21m in fresh funding
US-based organic juices and smoothies producer Suja Juice has attracted $21m in funding from investors including corporate-backed joint venture Evolution Media Partners. Evolution serves as a joint venture for media company Participant Media, private equity fund TPG Growth and Evolution Media Capital, a merchant bank affiliated with talent agency Creative Artists Agency. Actors Sofia Vergara,… Continue reading Suja raises $21m in fresh funding
Meizu dials up Alibaba for $590m investment
Alibaba will take a minority stake in the smartphone maker, as the two revealed plans to operate more closely as part of a strategic partnership.
CommonBond forms link with Nelnet
Nelnet has invested an undisclosed sum in student loans company CommonBond, as well as agreeing to finance up to $150m in loans each year.
Ant Financial to raise funding at $30bn valuation
The Alibaba-affiliated online payment company has lined up China’s National Social Security Fund, Postal Savings Bank of China and China Development Bank as backers.
News round up 09 February 2015
A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.
Weekly corporate venturing deal net: 2-6 February 2015
ICG Ventures, the corporate venturing unit of publishing services provider Ingram Industries, led a $5m series A round on Monday for CampusQuad, the US-based developer of a mobile platform linking students with university services. Educational services company Follett Corporation invested $1m in CampusQuad in 2013, and regulatory filings show it has also raised $1.4m in… Continue reading Weekly corporate venturing deal net: 2-6 February 2015
MyNet catches $6.2m
The mobile games developer has closed a round featuring corporate-backed fund B Dash, and financial services firms Shinsei and Sumitomo Mitsui.
HourlyNerd finds right time for series B
GE led the $7.8m round, which boosted the online consultancy marketplace’s funding to about $12.6m since it was founded in 2013.
Sauce Labs serves up $15m series D
Salesforce-backed application testing tool provider Sauce Labs has attracted funding from existing investor Toba Capital taking its overall funding to $24m.
AuraSense extends series C to $18m
AbbVie and Abbott-backed biotechnology developer AuraSense closed the $13.6m first tranche of the round in June last year.
Big Deal: Rocket Internet invests $568m in Delivery Hero
Rocket Internet has taken a 30% share in Delivery Hero and a majority stake in HelloFresh, while consolidating all its food delivery platforms into a single entity.
SteelBrick fortifies series B
SteelBrick, a US-based provider of price quote apps for businesses, raised yesterday $18m in a series B round backed by the corporate venturing arm of cloud computing company Salesforce.com. The round was led by boutique venture capital firm Shasta Ventures and also featured Emergence Capital, as well as SteelBrick’s executives. Emergence invested $6.5m in SteelBrick… Continue reading SteelBrick fortifies series B