A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.
Month: May 2015
Weekly corporate venturing deal net: 25-29 May 2015
Intel Capital, the corporate venturing arm of semiconductor technology manufacturer Intel, has invested an undisclosed amount in Digital Specialty Chemicals (DSC), a Canada-based provider of advanced materials for the semiconductor, pharmaceutical and specialty chemical industries. DSC, which was founded in 1987, will use the money to upgrade its research and development capabilities and expand its… Continue reading Weekly corporate venturing deal net: 25-29 May 2015
Gree and KLab provide funding reward to Yoyo
Online reward service Yoyo Holdings has followed a $1.3m round raised in May last year with additional funding from Gree and KLab.
Ringier joins Campanda camp in $5.5m series A
Ringier and LVMH-backed Groupe Arnault both contributed to the camper van booking platform’s series A round, which will be used to increase its market share.
HT Media co-launches digital media accelerator
HT Media and investment firm North Base Media have set up an accelerator that will invest up to $100,000 in India-based original content and adtech startups.
ClearData secures $25m in Merck-backed round
Healthcare IT technology provider ClearData has closed an oversubscribed series C round featuring existing investors Merck and Norwest Venture Partners.
Pronutria consumes $39m in series C
Fidelity and corporate-backed Flagship Ventures provided the funding for the biotechnology company, which has now secured more than $60m altogether.
Tegile stores away $70m in series D
SanDisk and Western Digital both returned to back the flash storage company’s latest round, boosting its overall funding to almost $120m.
Daum Kakao takes Path for Indonesian expansion
The internet company has acquired social network Path, which has a sizeable Indonesian user base, allowing Digital Garage and Bakrie to exit.
Seres targets $100m from IPO
Seres Therapeutics, a US-based biotechnology company backed by nutritional health product manufacturer Nestlé Health Science, filed for an initial public offering on Nasdaq on Wednesday that could raise up to $100m. Seres is working on a cure for clostridium difficile, a form of bacterial bowl infection that affects patients with a weakened immune system. In… Continue reading Seres targets $100m from IPO
GE gets to heart of MatterFab
3D metal printing company MatterFab has raised approximately $5.8m in a series A round featuring General Electric’s corporate venturing unit.
Mobile marketing platform Ubimo raises $7.5m
Yahoo Japan’s corporate venturing subsidiary made its first Israel-based investment in the round, boosting Ubimo’s total funding to $9.7m.
Virgin launches healthy behaviour platform with $92m
Virgin Pulse, a Virgin spin-out enabling employers to try and influence employee behaviour, raised the money in a round led by Insight Venture Partners.
Kantox exchanges series B stock for $10.9m
Foreign exchange service Kantox has secured new funding in a round co-led by corporate-backed firms IdInvest and Partech.