Reply has selected EnModus, Gymcraft and Inova Design for its incubator and committed a total of $3.6m in funding to the startups.
Month: October 2015
Google tunes up for Symphony investment
Google is set to invest in the encrypted messaging service, already backed by 14 financial services providers, at a $650m valuation.
PCS signals Dongfang Jingyuan for series A
Dongfang will support an expansion by wifi and 4G technology developer Palma Ceia SemiDesign into China.
Aquantia engineers $37m series H
US-based ethernet technology provider Aquantia raised $37m in series H funding yesterday from investors including networking equipment maker Cisco, semiconductor foundry GlobalFoundries and financial services firm Credit Suisse. Cisco invested through its corporate venturing arm Cisco Investments, while Credit Suisse participated through Direct Equity Partners, one of its investment vehicles. Walden Riverwood also contributed funds.… Continue reading Aquantia engineers $37m series H
Startups line up for GCV Materials Society
Interesting advanced materials startups will be joined on November 10th in London by Williams F1 Advanced Engineering’s technology specialist Iain Bomphray.
Novozymes finds voice through Diva
The biotechnology company will look to make impact investments through the Diva non-profit incubator in partnership with corporates.
YouNow livens up with $15m
The livestreaming platform has now raised $26m altogether after welcoming Comcast to its investor base.
Freshdesk helps itself to Frilp
India-based app developer Frilp, a graduate of computing company Microsoft’s accelerator programme Microsoft Ventures, has been acquired by service desk software provider Freshdesk for an undisclosed sum, VentureBeat has reported. Frilp has created a smartphone app through which users can ask their friends for help. The company will shut the app down in the near… Continue reading Freshdesk helps itself to Frilp
NodePrime emerges with $7m
Ericsson has contributed to a seed round for NodePrime, which provides software to manage data centres and which has just emerged from stealth mode.
CampusLogic works out $7.5m series A
The company, which operates a self-service platform for financial aid aimed at students, raised the money in a round backed by Great Lakes Higher Education.
Big Deal: SoFi closes $1bn series E
Corporates SoftBank and Renren have differing reasons for backing the online lending platform, which has just raised the sector’s first $1bn round.
Wanxiang to part with $50m for blockchain investments
Auto parts provider Wanxiang plans to launch a fund focused on startups developing the blockchain technology that underpins digital currency bitcoin.
AARP and JP Morgan launch $40m fund
The AARP Innovation Fund will target startups developing technologies and services for customers aged 50 and above.
Intel Capital’s Brooks on plans for largest CVC
Wendell Brooks has given Global Corporate Venturing his first interview since being named the future head of Intel Capital, the corporate venturing unit of US-based semiconductor company Intel. Brooks discusses his thoughts on what Intel Capital’s strategy should be, and what it means to take over from Arvind Sodhani, the unit’s long-time president. There is… Continue reading Intel Capital’s Brooks on plans for largest CVC