General Electric and Autodesk both contributed to a round that Lucid will use to enhance its building management software.
Month: May 2015
Govini procures $20m from series C round
Salesforce Ventures has contributed to a round that will fund an expansion of the big data analytics company’s team and the development of its technology.
Corporates consider investing $55m in Galapagos IPO
Galapagos has increased the target for its upcoming IPO on Nasdaq to $230m, while $55m of the stock could be bought by AbbVie and Johnson & Johnson.
Cash kings
Rating agency Moody’s said 1,137 US non-financial companies held $1.73 trillion of cash as of year-end 2014, up 4% from $1.67 trillion at the end of 2013, and this could encourage them to do more corporate venturing. But the location of these potential deals could be outside the US given the unintended consequences of tax policies. Overseas… Continue reading Cash kings
Pinterest closes series G at $553m
The Rakuten-backed social network raised the round’s $367m first tranche in March and has now secured more than $1.3bn in total funding.
Uber targets $2bn for series F
The taxi hailing service, which counts Google, Baidu and Times Internet among its backers, is reportedly set to raise new funding at a $50bn valuation.
Investors grant Wish series D funding
Filings indicate Legend-backed mobile shopping app provider Wish could have secured up to $545m in series D funding.
News round up 11 May 2015
A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.
Weekly corporate venturing deal net: 4-8 May 2015
US-based home care provider CareLinx raised $5m on Tuesday from investors including Ziegler Link·age Longevity Funds, the venture capital firm co-launched by senior care provider Link·age, and Generator Ventures. Founded in 2011, CareLinx raised $1.5m the following year from undisclosed private investors and will use the fresh funding to expand its workforce and implement a… Continue reading Weekly corporate venturing deal net: 4-8 May 2015
McCullough takes on corporate development role at OpenView
Venture firm OpenView Venture Partners has hired John McCullough to help build relationships between its portfolio companies and strategic investors.
Saudi Aramco analyses promise in 908 Devices
Chemical analysis technology provider 908 has now raised more than $27m after securing $11.6m in a series C round featuring Saudi Aramco and Schlumberger.
Peer-to-peer lending platform Wanglibao raises $40m
LED products maker Hongli Opto-Electronic provided the series B funding, which followed the $10m invested by IDG Capital Partners last year.
Swiggy to feed on $15m of Norwest cash
Norwest Venture Partners is set to supply $15m to the food delivery startup for its series A round, which will fund expansion across India’s urban areas.
Cubic boxes in $20m
Audi joined the mobile connectivity platform’s existing corporate investors, Qualcomm and Sierra Wireless, to help fund a $20.3m round.