The first interview with the head of USAA’s corporate development, Victor Pascucci (pictured), who heads venturing at the financial services group, on the up and coming corporate venturing group’s investment strategy, including its foray into bitcoin and much more.
Month: July 2015
Google-backed Homejoy to close doors
The domestic cleaning service had raised $40m but will shut down at the end of this month due to ongoing legal struggles over the status of its workers.
Chinac centres on Haitong for $100m
The data centre operator previously raised funding from Intel’s corporate venturing unit in February 2014.
Cianna colours in cash reserves with $8m
The medical device producer has now raised $40m in financing altogether, having secured $4m in a Novo-backed equity round and $4m in debt from GE Capital.
Sonnenbatterie charges up with Čez funding
Germany-based energy storage company Sonnenbatterie has raised an undisclosed amount of funding from energy utility Čez’s corporate venturing subsidiary Inven Capital, PV Magazine has reported. The precise amount Inven invested has not been disclosed, but a spokesperson told PV Magazine it comprised “a few hundred million” Czech koruna, with 100 million koruna equating to roughly… Continue reading Sonnenbatterie charges up with Čez funding
NewsHunt’s acquisition is Rocket Science
Digital advertising company Value-First has exited India-based e-commerce recommendation platform Rocket Science Innovations through an acquisition by media company NewsHunt, the Economic Times reported on Thursday. The financial terms of the acquisition, a cash and stock deal, have not been revealed. Value-First, the only disclosed backer of Rocket Science, invested Rs 60m ($945,000) in 2013.… Continue reading NewsHunt’s acquisition is Rocket Science
Big Deal: FanDuel scores $275m
The fantasy sports platform has secured a range of media backers and is looking to expand its mobile offering in order to win what has become a two-horse race with rival DraftKings.
Protagonist acts out $40m series C
All three of the biotechnology company’s corporate backers, Johnson & Johnson, Eli Lilly and Pharmstandard, returned for its latest round, and it has now raised $67m in total.
Marlette builds $75m nest egg
Marlette, the operator of personal loan service Best Egg, has raised $75m from backers including student loans company Navient and is targeting $450m more in debt.
Oculus picks up Pebbles in $60m deal
Bosch, SanDisk and Xiaomi all exited motion sensor provider Pebbles Interfaces through an acquisition by virtual reality developer Oculus VR.
News round up 20 July 2015
A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.
Weekly corporate venturing deal net: 13-17 July 2015
Workspot, the US-based developer of a virtual desktop system for workers, has raised $5m in a series B round led by Helion Ventures that also featured Qualcomm Ventures, the corporate venturing unit of wireless technology provider Qualcomm, and Translink Capital, TechCrunch reported yesterday. The same three investors funded Workspot’s $6.5m series A round in July… Continue reading Weekly corporate venturing deal net: 13-17 July 2015
Clean Power and Kilowatt to spark merger
Google-backed residential solar marketplace Clean Power Finance is set to merge with solar finance provider Kilowatt Financial to form a new clean energy financier.
Symantec and Frost Data warm up cybersecurity incubator
The cybersecurity software producer will partner with Frost to incubate up to 10 startups focused on cybersecurity analytics, big data and the internet of things.