Small business loans platform Kabbage, which also counts SoftBank as a backer, is targeting $150m in the UPS-backed series E round.
Month: July 2015
Promising signs for countries connecting entrepreneurs
Open innovation theory suggests the knowledge necessary to generate innovations come from outside a firm, and entrepreneurial businesses may be a valuable source of such knowledge. Academics, such as London Business School professor Gary Dushnitsky, have found some validation of the theory, such as as “increases in corporate venture capital investment are associated with subsequent increases in… Continue reading Promising signs for countries connecting entrepreneurs
Secret Escapes gets away with $60m
The members-only travel agency has added Google to its backers as part of a series C round that will fund international expansion.
Metaps to monetise stock in $30.7m IPO
Metaps, which has grown from an app monetisation platform into a more diversified technology business, is set to go public, giving exits to Intec and MotionBeat.
Weekly corporate venturing deal net: 20-24 July 2015
China-based domestic cleaning app 1Jiajie has raised an undisclosed amount in a series C round that included Tencent Industry Win-Win Fund, which is overseen by internet portal Tencent, as well as CDH Investments, DT Capital Partners, Draper Fisher Jurvetson and an unnamed Chinese brokerage firm, China Money Network reported on Tuesday, citing Chinese media reports.… Continue reading Weekly corporate venturing deal net: 20-24 July 2015
News round up 27 July 2015
A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.
ContinuumRx homes in on $13.5m
The Mitsui-backed home care service has now raised $20m altogether, and will use the proceeds from the NewSpring Capital-led round to expand into new markets.
FishBrain hooks Recruit for $8m series A
FishBrain, the developer of a social media platform for anglers, has secured series A funding from investors including Recruit and will use the cash to expand to Japan.
SmarterHQ moves to $8m series B
Real estate company Simon Property Group led the round, which raised SmarterHQ’s overall combined equity and debt financing to more than $24m.
Intel and Semtech unplug themselves from Powervation
The semiconductor companies have exited digital power technology producer Powervation, which had raised $40m, in a $70m acquisition by Rohm.
MakeMyTrip boosts HolidayIQ with $15m investment
Online travel agency MakeMyTrip agreed on Wednesday to provide $15m in series B funding for India-based travel community and holiday recommendation platform HolidayIQ as part of a strategic partnership agreement. Founded in 2004, HolidayIQ’s online plaatform enables travellers to write reviews and share their experiences with others, and has so far gathered more than one… Continue reading MakeMyTrip boosts HolidayIQ with $15m investment
Novo pays tribute to Ra in $58.5m series B
Ra Pharmaceutical will use the proceeds from a series B round also backed by Novartis and Amgen to advance a blood disease treatment towards clinical studies.
Roche helps inoculate SutroVax with $22m
SutroVax, a Sutro Biopharma spin-out that also counts Johnson & Johnson as an investor, will use the series A capital to further develop its biopharmaceutical vaccines.
Jumei nutures BabyTree with $120m of convertible debt
The e-commerce company provided the convertible loan to online parenting community BabyTree as part of a larger $250m debt package.