Hewlett-Packard has signed an agreement to acquire the IT infrastructure company, providing an exit to backers including Comcast, Verizon and Norwest Venture Partners.
Month: May 2015
PIQ scores $5.5m
Swisscom and Foxconn-affiliated Ginko Ventures both participated in the series A round, closed as France-based PIQ prepares to open two US offices.
FPT targets Vietnamese startups with $3m fund
The Vietnam-based IT company has partnered with 500 Startups on a unit that will fund local e-commerce, advertising, healthcare and education technology startups.
Roche and Merck exit biotechnology developer Ambrx
Ambrx, an oncology company that had raised more than $200m, is being acquired by a consortium including Fosun Pharmaceutical and WuXi PharmaTech.
Viibar records $5.8m in funding
Yahoo Japan, Gree and Globis have all participated in the video production platform’s latest funding round, with Yahoo also forming a strategic partnership.
Amino pays $8.6m for Booxmedia
Online TV technology developer Booxmedia has been acquired by Amino Technology in a deal that provided exits to corporates Alma Media and DNA.
Fosun maintains Mocar investment
China-based car maintenance service provider Mocar has raised $10m in a series A round led by alternative asset manager CDH Investments that also featured conglomerate Fosun International, 36kr reported on Friday. Mocar enables customers to book mechanics for simple repairs and maintenance which are then sent out to the user’s location. It currently operates in… Continue reading Fosun maintains Mocar investment
Hyatt books place for Onefinestay
Upmarket short-term home rentals site Onefinestay has attracted $40m for a series C round that took its overall funding to more than $55m.
Tumblbug taps Naver for $15.5m series A
Naver, the parent company of messaging app Line, has contributed to the arts crowdfunding platform’s series A round in conjunction with a partnership agreement.
Brit Media flies the flag with $23m
Intel Capital looks to have participated in a $23m series B round for the DMGT-backed lifestyle media company, which has now raised more than $30m altogether.
JD.com picks FruitDay in $70m series C
The produce e-commerce company has also signed an agreement to harness JD.com’s resources in order to expand in its home country of China.
Mode Media fashions $30m round
Hubert Burda invested the money, which boosted the vertical media network’s total equity funding to $186m since it was founded in 2004.
Virtual Reality: Moving from Fiction to Fruition
A look back at Silicon Valley Bank’s recent event bringing together hardware and software developers, entertainment companies, academic researchers and 60 investors to pollinate ideas for moving VR from fiction to fruition.
News round up 25 May 2015
A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.