Intel Capital, the investment vehicle of semiconductor company Intel, today announced it has committed a total of $67m in investments in eight China-based startups. Intel has not revealed how much money each individual startup received, and noted that not all deals have closed yet. Among the startups is 99cloud, which exploits cloud computing software platform… Continue reading Intel invests $67m in China
Month: September 2015
HelloFresh plates up $84.7m
The food subscription service has increased its total funding to nearly $280m.
Didi Kuaidi confirms $100m Lyft investment
After Didi Kuaidi was revealed earlier this week to have backed Lyft, it has now confirmed the deal was worth $100m and preceded a partnership agreement.
News Corp makes Unruly acquisition
Media conglomerate News Corp has agreed to purchase Unruly for up to $176m, providing an exit to BGF.
NextEV charges up $500m round
Tencent injected an undisclosed amount of capital in the electric car manufacturer earlier this month.
Legend helps chauffeur $550m to UCar
Legend has backed the series B round, after it had previously been reported to be investing in the series A round.
Enbala’s $3m funding is Obvious
Enbala, a Canada-based smart grid technology developer backed by conglomerate General Electric (GE) and electricity provider Edison Energy, received $3m from venture capital firm Obvious Ventures yesterday. Enbala’s technology captures and analyses data on consumption across a power grid and automatically dispatches resources to where they are needed most in real-time. The money will support… Continue reading Enbala’s $3m funding is Obvious
New Call acquires Access-backed Ozone
Telecoms firm New Call has spent an undisclosed sum to purchase wifi provider Ozone.
Fidelity helps deliver $12.6m to Packlink
Eight Roads Ventures has led a series C round for logistics services provider Packlink.
Axelspace orbits $15m series A
Mitsui and Sky Perfect Jsat have contributed funds as part of a commitment to enter into a collaboration agreement.
Webedia steers $16m series B for Moviepilot
Publishing group Webedia has been joined in the round by fellow corporate Deutsche Telekom and other existing investors.
Agora fields $20m series B
US-based communications technology producer Agora raised a $20m series B round yesterday from investors including IDG Ventures, an investment affiliate of publisher International Data Group, and financial services provider Susquehanna International Group (SIG). SIG and IDG invested alongside Morningside and GGV Capital. Agora has created a software development kit (SDK) for real-time audio and video… Continue reading Agora fields $20m series B
Enevate energises $30m series C
Backed by Sumitomo, Enevate plans to use the money to begin mass production of its lithium-ion batteries.
Google has Oscar covered with $32.5m
US-based insurance provider Oscar Health Insurance has obtained $32.5m in funding from Google Capital, the growth-equity arm of internet company Google, the Wall Street Journal reported yesterday. The deal valued Oscar at $1.75bn. Incorporated in 2012, Oscar offers health insurance directly to end-users rather than employers. The company has created a smartphone app, which enables… Continue reading Google has Oscar covered with $32.5m