Fred Brothers, chief innovation officer for FIS, has launched a fund called Uprising Capital that will invest in ventures that aim to combat inner city poverty.
Month: May 2015
Sirrus rides funding cycle to series B
Sirrus will use a $6.5m General Motors-backed equity round, together with $5m of debt financing, to fund the commercialisation of its monomer technology.
SingTel puts cash on the line for impact incubator
The telecommunications company will provide the majority of the funding for Enabling Change, a Singapore-based incubator for technology to help the disabled.
GMO puts up $18m for fourth fund
Japan-based internet services company GMO Internet has established a ¥2.1bn ($18m) corporate venturing fund, Tech in Asia has reported, citing a detail in its first quarter earnings report. The new fund was set up in March this year and will be the fourth to be managed by GMO Venture Partners, GMO Internet’s corporate venturing subsidiary.… Continue reading GMO puts up $18m for fourth fund
Rapid Micro Biosystems cleans up in series C
The sterility monitoring technology company has raised $25m in funding from investors including Hepalink, and will use the money to support global expansion.
Safran arms corporate venturing fund with $56m
The France-based company will invest the capital in aerospace, defence and security technology startups over a three-year period.
Northern Biologics inks agreement with Celgene
Celgene provided $30m as part of the deal and secured the right to eventually acquire the biotechnology company, which focuses on cancer and fibrosis.
LeTV Sports scores $100m
The sports streaming platform, a spin-out from online video provider Leshi Internet, raised the cash from investors including Dalian Wanda.
Covidien/Medtronic follows vapour trail to Aegea
Water vapour-based medical device developer Aegea Medical has raised $36m from new and existing investors including Covidien/Medtronic.
Barclays to target startups with $151m fund
The financial services provider, which already co-runs an accelerator with Techstars, will provide a debt-based alternative for UK-based technology companies.
Recruit adorns Wahanda with $46m
Recruit took an 80% stake in the hair and beauty marketplace, buying out all other investors for $171m, and provided $46m in series D funding for Wahanda’s expansion.
Forté Ventures raises $30m for debut fund
Forté Ventures, a venture firm designed to invest and partner with corporates, has raised $30m for its first fund. The group is looking to partner actively with corporations in all its deals. Tom Hawkins, managing partner of Forté Ventures, who worked in corporate venture capital at Siemens Venture Capital, said: “We are seeing a lot of… Continue reading Forté Ventures raises $30m for debut fund
Weekly corporate venturing deal net: 27 April-1 May 2015
Canada-based mobile analytics provider Flybits closed its series A round at $4.75m on Tuesday after raising a $1m second tranche led by Vodafone Ventures, the corporate venturing subsidiary of mobile telecommunications network Vodafone. Robert Bosch Venture Capital, the investment arm of industrial equipment producer Robert Bosch, and Trellis Capital co-led a first tranche in August… Continue reading Weekly corporate venturing deal net: 27 April-1 May 2015
News round up 04 May 2015
A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.