The universe of corporate venturing is developing clearer trends. Those who are already well versed in these trends stand to gain as corporate venturing booms.
Month: September 2015
Accelerator Corporation speeds to $62.8m fourth fund
AbbVie and WuXi PharmaTech joined limited partners already including Eli Lilly, Pfizer and Johnson & Johnson to help the early-stage venture firm close its fourth fund.
Leick to depart from Innogy VC for ENBW
Crispin Leick is set to leave the corporate venturing unit, where he has served as managing director for five years, at the end of this year, to join ENBW’s venturing unit.
Vertex takes fund to $141m with Infosys backing
Infosys Innovation Fund, the corporate venturing vehicle of IT services provider Infosys, has committed capital to US-based venture capital firm Vertex Ventures’ US Fund I, LiveMint reported yesterday. The size of the investment made by India-based Infosys has not been disclosed, but Vertex has so far raised $141m for the fund from a total of… Continue reading Vertex takes fund to $141m with Infosys backing
UBeam powers up with $10m
The wireless phone charger manufacturer has secured $10m in the form of a convertible note, with William Morris Endeavor among the investors.
Madison Reed colours in $16m series C
Comcast took part in the round through its Comcast Ventures unit, and will also work with the hair colouring product maker to expand through television advertising.
MyoKardia jumpstarts $86m IPO
The cardiovascular-focused pharmaceutical company has raised $94m in equity from investors including strategic partner Sanofi.
Norwest shines light on $25m Exabeam series B
US-based big data security analytics provider Exabeam closed a $25m series B round yesterday backed by Norwest Venture Partners, the venture capital firm managing funds on behalf of bank Wells Fargo. The round was led by VC firm Icon Ventures and included Aspect Ventures as well as Shlomo Kramer, chairman of cybersecurity firm Imperva. Exabeam’s… Continue reading Norwest shines light on $25m Exabeam series B
PepperTap savours $36m series B
The grocery delivery service has added Snapdeal, Ru-Net and corporate-backed Beenext to its shareholders in the first close of a round that could rise to $56m.
Axel Springer venturing tees up Business Insider
Business Insider is the biggest corporate venturing investment we have tracked by Axel Springer but is also one of a number since 2011.
Axel Springer pays $343m for control of Business Insider
Axel Springer took a 9% stake in the online media company in January and will own 97% after the closure of a deal that values it at $390m cash and debt-free.
BGF tailors $13.4m for ACS Clothing
Business Growth Fund has injected cash into ACS as the company plans to enter the US and offer tuxedo hiring.
LifeSmart links to corporates for series A
The home automation and monitoring technology provider has secured $9.4m in funding from Haier, SAIF and Foxconn to support global expansion.
Walker increases pace with $24m series B
The consumer products manufacturer has added Google to its list of shareholders and inked a deal with Target to sell its Bevel shaving products in the chain’s stores.