Visa is seeing its corporate venturing strategy, which is tightly tied to online and mobile payment technology, begin to pay off.
Month: July 2015
Weekly corporate venturing deal net: 27-31 July 2015
Foody, the Vietnam-based online restaurant review platform backed by online entertainment company Garena and internet company CyberAgent, has received an undisclosed amount of series C funding just one month after it raised a seven-figure amount in its series B round, Tech in Asia reported on Tuesday. Garena supplied the series B cash, after raising an… Continue reading Weekly corporate venturing deal net: 27-31 July 2015
News round up 3 August 2015
A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.
FreedomPop dials up $40m for series B
Axiata has joined the investors in the wireless service provider, helping to expand its series B round by an extra $10m.
Droom revs up with $15.6m
E-commerce company Beenos returned to back the automotive marketplace’s series B round, which will support international growth.
Baidu Waimai consumes $70m
Restaurant chain Ajisen provided $60m of the cash, and the online food ordering company secured the rest from Hina Group.
Thrive Market prospers with $30m series A
Wholesale buying club Thrive has followed up $8m in convertible note financing with a series A round featuring Scripps Network.
Suneva skims off $35m
Almirall invested $15m in dermatological products manufacturer Suneva as part of a larger debt and equity round.
NBCUniversal lines up big investments in Buzzfeed and Vox
The media company is reportedly in talks to invest $250m in Buzzfeed at a $1.5bn valuation, while Vox would receive funding at an $850m valuation.
Zhaosuliao shapes $36m series B
IDG made its second investment in the plastics trading platform, which has now raised more than $57m altogether.
Corporates wait to exit Soonr
Intel, Sumitomo and Cisco are set to exit cloud storage company Soonr after Autotask agreed to acquire it for an undisclosed amount.
Salesforce engages Autopilot in $7m round
The marketing automation company took its total funding past the $20m mark in a series C round featuring Salesforce’s corporate venturing unit.
Vaniday touches up $16m series A
The Rocket Internet-backed online beauty marketplace was launched in March and is already operating in four continents.
AltspaceVR makes room for $10.3m
Tencent and Comcast both invested in the Google-backed virtual reality communications company’s series A round.