A survey of attendees at the Corporate Venturing and Innovation Partnering conference in Newport found 71% of corporate venturing respondents expected to increase their budgets over the next two years.
Month: February 2015
News round up: 16 February 2015
A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.
Unchained ropes in $25m
Novo is among the backers of the life sciences tools company that will focus on acquisitions.
Cisco helps CloudVelox migrate $15m
Cloud disaster recovery and migration services company CloudVelox has closed its series C round.
Kuaidi Dache may share rides with Didi Dache
Softbank and Alibaba-backed Kuaidi Dache and Tencent-backed Didi Dache are considering a merger, in a deal that would cover a 95% share of the ride-sharing market in China.
Lyft wants to pick up another $250m
The round would value the Alibaba-backed ride-sharing company at $2bn.
Vista and Stats acquire Automated Insights
US-based big data analysis provider Automated Insights, backed by electronics conglomerate Samsung and media company AP, has been acquired by sports technology and content company Stats and private equity firm Vista Equity Partners. Automated Insight will become a subsidiary of Vista-owned Stats. The financial terms of the acquisition have not been disclosed. Automated Insights secured… Continue reading Vista and Stats acquire Automated Insights
Amex pays Bill.com again
Bill.com, a US-based business payments network and banking platform, has secured $50m in a series F round backed by American Express Ventures, the corporate venturing arm of credit card company American Express. Silicon Valley Bank also joined alongside DCM Ventures, Scale Venture Partners, August Capital, Napier Park Global Capital and Commerce Ventures. Bill.com has raised… Continue reading Amex pays Bill.com again
Weekly corporate venturing deal net: 9-13 February 2015
Sight Machine, a US-based developer of big data technology for manufacturing companies, has raised $5m in series A funding from O’Reilly AlphaTech Ventures, the corporate venturing unit of media company O’Reilly Media, as well as Mercury Fund, Michigan eLab, Huron River Ventures, Orfin Ventures, Funders Club and IA Ventures. The company, backed by O’Reilly AlphaTech… Continue reading Weekly corporate venturing deal net: 9-13 February 2015
Invitae sets IPO pricing
Genomic Health-backed Invitae will offer 6.35 million shares priced at $16, raising $101.6m.
Investors transfer $36m to Metaps
Japan-based Metaps, which enables developers to monetise their mobile apps and has been backed by a range of Japanese corporates, has secured $36m in a series C round featuring undisclosed existing and new investors. Metaps previously raised $11m from mutual fund manager Fidelity’s local venturing unit Fidelity Growth Partners Japan in a 2013 series B… Continue reading Investors transfer $36m to Metaps
Barclays launches fintech accelerator
Financial services firm Barclays has partnered with accelerator Techstars to launch the programme in New York.
Miovision tracks series B
Canada-based Miovision, which produces software to analyse vehicle traffic, has secured C$30m ($23.8m) in a series B round backed by Plaza Ventures, the corporate venturing unit of real estate developer Plazacorp. Financial services firm Comerica also participated in the round which was led by merchant bank MacKinnon, Bennett & Co led the round. Investeco Capital… Continue reading Miovision tracks series B
GSK acquires GlycoVaxyn for $212m
GlaxoSmithKline originally invested in the vaccine developer in 2012.