The text-to-video technology provider will use the NantMobile-led series B funding to build out its US office and expand its staff.
Month: May 2015
Weekly corporate venturing deal net: 18-22 May 2015
Bonnier Growth Media, a subsidiary of media group Bonnier, invested $5m in Sweden-based podcast hosting platform Acast on Monday, acquiring a “significant” minority stake in the process. Acast, which received an undisclosed amount of funding from investment firm Moor in June 2014, will spend Bonnier’s funding on expanding its service in Europe and the US.… Continue reading Weekly corporate venturing deal net: 18-22 May 2015
Corporates discover Maana
The big data search platform, which has just emerged from stealth with $14m, is backed by ConocoPhilips, Chevron, General Electric and Intel.
T-Venture disconnects from Lantiq
T-Venture, the corporate venturing arm of telecommunications firm Deutsche Telekom, has exited Germany-based semiconductor manufacturer Lantiq, following the latter’s acquisition by semiconductor technology producer Intel in February 2015. Lantiq manufactures semiconductor technology used in routers and DSL modems, helping to support internet of things technology for the home. It was spun out of semiconductor manufacturer… Continue reading T-Venture disconnects from Lantiq
Cenovus goes nuclear as General Fusion secures $22m
Nuclear energy technology company General Fusion has closed the first tranche of its latest funding round, which was backed by existing investors including Cenovus.
Fund in the News: Sinclair Digital Ventures
Rob Weisbord, COO of Sinclair Broadcast Group, spoke to Global Corporate Venturing about the company’s new fund, which is sized at $250m.
Statkraft reveals corporate venturing aims
The Norway-based company, which claims to be Europe’s largest renewable energy producer, will invest more than $110m in energy-based companies in the next 10 years.
Glilot Capital closes $77m Bank Hapaolim-backed fund
The venture capital firm, which achieved three exits from its $30m first fund, has closed a second fund that will also fund cybersecurity and enterprise software companies.
Jiff cleans up with $23m
US-based healthcare IT company Jiff closed a $23.5m series C round yesterday featuring GE Ventures, the corporate venturing arm of conglomerate General Electric, that was led by venture capital firm Rosemark Capital. VC firms Venrock Associates, Aberdare Partners and Aeris Capital also took part in the round. Jiff operates a healthcare benefits platform aimed at… Continue reading Jiff cleans up with $23m
Online security company FraudMetrix raises $30m
IDG Capital Partners has backed a Qiming Venture Partners-led series B round for the internet security company, bringing its total funding to more than $41m.
Alibaba-backed Baozun raises $110m in IPO
The e-commerce services provider, backed by Alibaba and SoftBank, floated below its range but finished its first day of trading slightly up.
Acquisition comes in Handy for Homejoy
Domestic cleaning services provider Homejoy, which has raised $40m in funding from backers including Google, is in talks to be acquired by rival Handy.
Flextronics supplies cash for $100m Formation 8 fund
Venture capital firm Formation 8 has secured supply chain management company Flextronics as a limited partner for a hardware fund being raised alongside a seed fund.
Liqid inks $5.7m seed round
Phison Electronics and Kingston Technology were among the investors in the data centre technology developer, which is still in stealth mode.