The fund of funds, which is being raised by Kensington Capital Partners, reached its second close at $154m after securing investment from media company Torstar.
Month: June 2015
16Wifi counts $16m for series A
Baidu and United Electronics provided more than $16m for 16Wifi, which is helping to bring wifi to China’s public transport services.
Joyus rejoices in $24m series C
Time Warner Investments and Disney-backed Steamboat Ventures both contributed to the video e-commerce company’s latest round, boosting its total funding to nearly $44m.
Unpacking the world of accelerators
The positive impact accelerators have on ambitious startups is evident in the powerful relationship-building opportunities and coaching insights top programmes offer founders.
Can corporate innovation ride the accelerator wave?
John McIntyre, Citrix Startup Accelerator, examines how corporates can ride the accelerator wave.
Partnerships between universities and business
Early Stage Report 2015: Academic institutions are well-equipped for facilitating collaboration between traditionally separate disciplines and can serve industry by filling the research gap.
Corporate accelerators: a strategy for success
Accelerators are increasing their startup impact through corporate backing. The rapid growth in numbers is raising questions of results and sustainability.
Sourcing innovation from the ivory tower
Early Stage Report 2015: Investors are open to new and good ideas from anywhere. Raising awareness about entrepreneurship in academia is paramount. Positive trends increasing business orientation, building networks with industry and entrepreneurs as well as co-operation. Challenges remain with expectation discrepancies.
Corporations put the spotlight on early stage
Early Stage Report 2015: Nearly half of corporations look to universities for early-stage ideas. Many of the most innovative corporations look the most globally. Corporations running more accelerators and investing in the startups.
UMC to exit Metacloud through Cisco acquisition
Metacloud has raised $25m in just over a year, prior to Cisco announcing its intent to buy the cloud services company.
Alibaba buys ticket for Chelaile series B
The bus tracking app has secured $15m, less than a year after closing a series A round that also reportedly featured Alibaba.
Transfield Services sells 49% stake to Quess
Thomas Cook India subsidiary Quess has agreed to acquire a minority stake in the infrastructure maintenance company in return for an undisclosed amount.
Proklean processes $550,000
SCD Probiotics-backed Proklean has secured funding from corporate-backed cleantech firm Infuse Ventures.
FullStory reveals $9.2m series A
Google Ventures has participated in a $9.15m funding round that will enable FullStory to develop a range of new functionalities for its web analytics platform.