Uber’s Chinese subsidiary, Uber China, confirmed a $1.2bn Baidu-led round earlier today, while rival Didi Kuaidi is reportedly set to close a $3bn round.
Month: September 2015
Mastercard takes accelerator global
The payment services company launched a European accelerator in May 2014, and is now extending the programme internationally with the help of other corporates.
Intel helps Qnovo charge up $8.6m series B
Qnovo has developed software to increase battery performance, and will use the cash to support a commercial launch of smartphones using the technology.
500 Startups rounds up corporates for $85m fund
The seed-stage investors third fund featured Dentsu and Yahoo Japan as limited partners despite closing at $15m less than its target.
Ascletis raises $35m to fund hepatitis treatment
China-based biotechnology company Ascletis has closed a RMB 220m ($35m) series B round led by venture capital fund C-Bridge Capital that included drug developer Tasly Pharmaceutical and Pavilion Capital. Founded in 2011, Ascletis is working on treatments for hepatitis C. The company successfully completed a Phase 2 clinical trial in Taiwan earlier this year and… Continue reading Ascletis raises $35m to fund hepatitis treatment
Trident forks Intel’s Cunningham
Sean Cunningham will leave Intel Capital, where he was director of venture investments, later this month to join Trident Capital Cybersecurity as managing director.
Big Deal: Apttus cashes in with $108m
The ‘quote to cash’ software company is the third Salesforce1-affiliated startup to reach unicorn status, as Salesforce ramps up its corporate venturing activities.
Vestiaire changes into $36.8m series D
Vestiaire Collective, a France-based online reseller of luxury fashion items, secured €33m ($36.8m) in series D funding on Thursday from backers including magazine publisher Condé Nast. The round was led by investment firm Eurazeo and also featured private equity firm IdInvest Partners and venture capital firms Balderton Capital and Ventech. Founded in 2009, Vestiaire operates… Continue reading Vestiaire changes into $36.8m series D
LotusFlare shows way to $6m series A
Google Ventures returned to back a second round for the startup, which is building an app helping mobile users in emerging markets access cheaper data plans.
MC10 stretches to $40m for series E
The Medtronics-backed flexible electronics developer has now raised $100m since it was founded in 2008.
News round up 7 September 2015
A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.
Weekly corporate venturing deal net: 31 August-4 September 2015
Universal Avenue, a Sweden-based service that allows companies to hire staff on demand as ‘brand ambassadors,’ closed a $5m extension to its seed round from Salesforce Ventures, the corporate venturing unit of cloud computing company Salesforce.com, as well as venture capital firm Northzone and VC fund Moor on Wednesday. Moor, which is backed by Kaj… Continue reading Weekly corporate venturing deal net: 31 August-4 September 2015
Karia leaves SVB for new pastures
Bindi Karia, who joined Silicon Valley Bank from Microsoft in 2013 to head its accelerator activities, has left to seek new entrepreneurial challenges.
Take Eat Easy puts feet up for $11m
Rocket Internet has backed a series B round for food delivery service Take Eat Easy, raised less than five months after a $6.4m series A.