Cisco is set to acquire portfolio company Piston Cloud Computing, which also counts Swisscom as a backer, to boost its cloud services offering.
Month: June 2015
CounterTack pins down $15m for series C
The cybersecurity company has secured fresh funding in a round led by TenEleven that also featured Mitsui, Siemens and Alcatel-Lucent.
BGF allocates $308m to UK technology fund
Business Growth Fund (BGF), the UK-based growth equity fund backed by the country’s five major financial services firms, is set to launch a new £200m ($308m) fund that will support technology startups. BGF was founded in 2011 with a government mandate to invest in UK-based businesses with a turnover between £5m and £100m, taking minority… Continue reading BGF allocates $308m to UK technology fund
Axel Springer gets on Mic for $17m series B
Axel Springer joined a range of previous investors to provide series B capital for the online media company, taking its total funding to approximately $32m.
Alibaba to invest $200m in China Business News
Alibaba will take a 30% stake in the Shanghai Media subsidiary, and the two plan to form both a financial data platform and an incubator.
GCV Symposium 2015: Mixing Corporate Venturing and M&A
Heidi Mason of Bell Mason spoke to Merck’s Bill Taranto and Donato Tramuto of Physician Interactive about their mutual experience of corporate investing.
Beabloo sells investors on $11m round
Spain-based digital marketing and big data technology provider Beabloo has raised €10m ($11.2m) in a round led by telecommunications and internet group SoftBank. SoftBank provided €8m of the funding, while e-commerce service provider Baozun Commerce and an undisclosed private investor contributed €1m each. SoftBank will take two board seats in conjunction with the funding. Beabloo… Continue reading Beabloo sells investors on $11m round
GUV Fusion and GCV Symposium Keynote by Lita Nelsen
Lita Nelsen, director of Technology Licensing Office (TLO), the technology transfer office of Massachusetts Institute of Technology, gave the final keynote at the Global Corporate Venturing Symposium today, providing an overview over what TLO does and why. “We are a small university,” Nelsen said. “The entering undergraduate class is just over a thousand. But we… Continue reading GUV Fusion and GCV Symposium Keynote by Lita Nelsen
GCV Symposium 2015: Fireside Chat – Global Innovation in Financial Services Digital Commerce
Mark Radcliffe, partner at law firm DLA Piper, spoke to Harshul Sanghi, managing partner of American Express Ventures, the investment arm of payment services provider American Express, at the Global Corporate Venturing Symposium today about its origins, the business environment of Silicon Valley, and future trends in digital commerce and e-commerce. “Writing a cheque is… Continue reading GCV Symposium 2015: Fireside Chat – Global Innovation in Financial Services Digital Commerce
Aspire takes care with $15m
The Blue Cross and Blue Shield Association-backed healthcare provider raised the cash in a series C round led by venture capital and private equity fund Oak HC/FT.
Rail advertising company Tianjin Changda raises $16m
Tianjin Changda, backed by investors including Shenzhen Press Group, will use the funding to upgrade its on-board wi-fi offering.
GCV Symposium 2015: The Globalisation of Innovation
Phil Smith, chief executive of network equipment manufacturer Cisco’s UK and Ireland subsidiary, took to the stage at the Global Corporate Venturing Symposium earlier today to discuss how the company is adapting to a changing industry. According to Smith, Cisco, like all traditional companies, is facing the threat of more agile startups that are highly… Continue reading GCV Symposium 2015: The Globalisation of Innovation
Canary takes flight with $30m
Flextronics was among the investors in a series B round that will enable Canary to expand the manufacturing line for its home monitoring system.
Sphero has a ball, raising $45m
The connected toy producer has now raised $80m in total, securing series E funding from investors including a subsidiary of The Walt Disney Company.