Search engine provider Google tends to deal in superlatives. Even its name is derived from a googol, the large number 10100; that is, the digit 1 followed by 100 zeroes. Its corporate venturing units tend to operate with similar supreme ambition and building an impressive track record of investing and selling its portfolio companies –… Continue reading Google co-founders’ superlative venturing approach
Month: August 2015
Rocket Internet to form $1.1bn growth fund
The fund would enable the Germany-based e-commerce group, which went public in October 2014, to make later-stage investments.
Weekly corporate venturing deal net: 10-14 August 2015
Internet company Tencent has invested an undisclosed sum in Sensewhere, a UK-based developer of mapping technology that can be used in indoor spaces where GPS is unavailable, TechCrunch reported on Wednesday. Tencent will also gain access to Sensewhere’s technology for use in its Tencent Maps app, and has appointed Sensewhere as its preferred vendor for… Continue reading Weekly corporate venturing deal net: 10-14 August 2015
AirMap charts $2.6m seed round
Legend Star, a corporate investment unit owned by Legend Holdings, was among the investors backing the drone operating system’s first funding round.
News round up 17 August 2015
A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.
Pure Storage looks to rack up $300m in IPO
The Samsung-backed flash storage company was valued at $3bn as of its last funding round, a $225m series F round closed last year.
OneAssist takes care of $7.7m series B
OneAssist, a consumer security service covering smartphones and bank cards, has obtained series B funding from investors including insurance company Assurant.
Corporates join Clique in $8m series B
The fashion and lifestyle media company boosted its overall funding to $13m with a round led by Amazon that included Bertelsmann.
View’s $150m round reflects Corning interest
Existing investor Corning returned to take part in a round that increased the high-tech glass producer’s total funding to about $510m.
WSO2 takes Pacific Controls for $20m series D
US-based enterprise software provider WSO2 closed a $20m series D round yesterday that wwas led by internet of things technology company Pacific Controls and backed by venture capital firm Toba Capital. Founded in 2005, WSO2 operates a platform through which businesses can create, manage and secure applications, web services and APIs (an important tool for… Continue reading WSO2 takes Pacific Controls for $20m series D
Rhythm Metabolic fattens up with $40m
Pfizer and Ipsen, both of which previously backed Rhythm Metabolic’s parent company, contributed to the obesity treatment developer’s series A round.
Whaley gets smart with $313m
Whaley Technology, which will manufacture smart televisions and supply the content, raised the cash from Tencent, Alibaba, CMC and China National Radio.
Payoneer investors secure $50m in secondary investment
Susquehanna Growth Equity and Wellington Management bought $50m of Payoneer’s shares from from existing backers that may have included insurer Ping An.
Schmidt leaves Bosch to launch consultancy
Claus Schmidt spent more than seven years as managing director of Robert Bosch’s corporate venturing unit and has been replaced by Ingo Ramesohl.