A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.
Month: April 2015
CareCloud forms $15m series C
The Intel-backed medical administration software provider has now raised almost $100m in financing in total and has just appointed a new chief executive.
MLB calls Shots for $8.5m series A
US-based social media network Shots has closed a $8.5m series A round from investors including the corporate venturing arm of sports organisation Major League Baseball, according to the Wall Street Journal. The round was led by venture capital firm WI Harper and also featured Launch Fund, Upfront Ventures, 500 Startups and music producer Rodney Jerkins.… Continue reading MLB calls Shots for $8.5m series A
Corporates come back around for Swirl series C
US-based marketing platform Swirl Networks completed an $18m series C round yesterday backed by the respective corporate venturing units of media group Hearst, telecommunications and media company SoftBank and social media network Twitter. Hearst Ventures, SoftBank Capital and Twitter Ventures were joined by venture capital firm Longworth Venture Partners and additional, unnamed strategic investors. Swirl… Continue reading Corporates come back around for Swirl series C
SanDisk helps 3DR series C soar higher
The flash storage technology company helped contribute $14m to consumer drone company 3DR’s latest round, taking it to $64m altogether.
Recruit exits as ClassPass enlists FitMob
Recruit-backed fitness class subscription service FitMob has been acquired by competitor ClassPass for an undisclosed sum.
Apigee interfaces with Nasdaq for $87m IPO
The app development platform, backed by Accenture, Juniper Networks, Sapphire Ventures and Norwest Venture Partners, had raised more than $200m in VC funding.
Chef serves up $32m for series E
The IT infrastructure company, which had previously raised $65m from investors including Citi, has raised the first tranche of its series E round.
Box thinks outside itself with $40m fund
The cloud storage company, which went public three months ago, has set up a $40m fund to invest in startups developing services on top of its platform.
Bright Lifecare spins out online pharmacy with $6m
Bright, the operator of health and wellness products site Healthkart, has spun out new business 1mg with money sourced from existing backers including Intel.
Walt Disney breathes new life into accelerator
The media company is accepting a second cohort of 10 startups for the accelerator programme it is running with Techstars.
Gengo translates interest into series C funding
Recruit, Intel, Saudi Telecom, Allied Architects and Libertad all participated in a $5.4m round that will support an expansion of Gengo’s sales and marketing resources.
DBS co-launches Hong Kong fintech accelerator
The financial services provider has joined forced with accelerator Nest to launch a Hong Kong-based fintech-focused programme for startups.
Peloton races to $16m series A
Intel, Denso, Castrol, Volvo, Magna and UPS all contributed to an oversubscribed round for the vehicle systems developer, which will invest the cash in its technology.