Wabco invested $20m in the driving performance platform as part of a $50m round that took its overall funding to at least $176m.
Month: March 2015
Taulia welcomes new CEO
Telus and BBVA-backed Taulia has named Cedric Bru as its new chief executive.
Aliyun launches IDG-backed fund
Alibaba subsidiary Aliyun is set to establish its Founder+ programme with the backing of 70 other actors, including International Data Group subsidiary IDG Capital Partners.
Corporate-backed ActionX is acquired by Xaxis
SoftBank, AOL and Verizon supported a $5m series A round for ActionX in 2013.
Intel serves up series B for CafeX
First reported last week as an undisclosed round, CafeX has revealed it closed a $21m series B round.
Corporates energise Enbala’s series C
Enbala Power Networks, a Canada-based developer of smart grid technology, has attracted an $11m series C round from investors including GE Ventures, the corporate venturing arm of conglomerate General Electric and electricity provider Edison Energy. Export Development Canada, EnerTech Capital Partners, Sorfina Capital and Chrysalix EVC also participated in the round. In 2013, Enbala obtained… Continue reading Corporates energise Enbala’s series C
Fosun-backed Focus Media goes public
Digital media and advertising company Focus Media is set to list via a reverse merger with Jiangsu Hongda New Material.
SmartNews aggregates $10m
Trending news app SmartNews has raised a bridge round as it gears up for a larger series C round.
Malin helps administer $50m for Novan
Malin Corporation has backed a $50m funding round for the biotechnology company with a focus on dermatology.
Santander banks on MyCheck
US-based MyCheck, which has developed an app to simplify paying restaurant bills, has secured a $5m series B round from financial institution Santander’s InnoVentures fund. MyCheck raised a $4.2m series A round in 2013 from Saban Capital Group, Eli Elroy, Yoav Harlap and the Wertheimer Family. Unnamed angel investors previously provided $200,000 in seed funding… Continue reading Santander banks on MyCheck
Isacke, SVB: Optimism drives growth of innovation economy
After a white-hot 2014, most leaders predict that the trend will continue in 2015. What is interesting is that while business optimism is high, it is also very measured. Some 75% of executives say they met or exceeded their revenue targets in 2014, (and two of three who did were within 20 percent of the target.) In 2010, by comparison, half of companies fell below their revenue targets.
Innovid records series D round
US-based video advertising company Innovid has received a $10m series D round featuring the respective corporate venturing arms of networking technology company Cisco and phone operator Deutsche Telekom, Cisco Investments and T-Venture, according to TechCrunch. Genesis Partners and Sequoia Capital also participated in the round. The company has raised $37.6m to date. In 2013, it… Continue reading Innovid records series D round
Holcim exits Siam City Cement
Buildings material company Holcim has sold its stake in cement company Siam City for $681m.
Corporates bid on Auctionata’s series C
Auctionata, a Germany-based company that provides live broadcasts from auction houses, has secured €42m ($45m) from backers including Hearst Ventures, the corporate venturing division of media company Hearst Corporation, TechCrunch reported earlier today. The round was led by MCI Management and featured Holtzbrinck Ventures, the venture capital firm spun out of and backed by publisher… Continue reading Corporates bid on Auctionata’s series C