Fab.com’s former chief operating officer is managing partner for the talent agency’s corporate venturing fund, WME Ventures, which is currently raising capital.
Month: October 2015
News round up 5 October 2015
A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.
Weekly corporate venturing deal net: 28 September-2 October 2015
Ally Commerce, the US-based developer of a management platform for e-commerce retailers, received an undisclosed amount of series B funding yesterday from UPS Strategic Enterprise Fund, the corporate venturing unit owned by logistics company UPS, taking its overall funding to $8.4m. The company had previously raised $2m in equity and $1.3m in debt between 2012… Continue reading Weekly corporate venturing deal net: 28 September-2 October 2015
Pinkoi crafts $9m round
The handmade goods marketplace has been in business since 2011 and has just raised its first external funding in a GMO-backed round.
Vectra secures $35m
Series C investors Intel and Juniper Networks returned to contribute to a series D round that increased the cybersecurity company’s overall funding to $78m.
Google finds common ground in Jibe Mobile
Vodafone and MTI will exit cloud communications technology company Jibe, which had raised $9.1m, as Google agrees to buy it for an undisclosed sum.
PLDT to call on startups with California fund
The Philippines-based telecommunications firm expects to invest $50m in startups this year through its newly launched PLDT Capital unit.
Tunitas rings up $10m
Tunitas Therapeutics, which is working on treatments for allergic diseases such as asthma, has closed a series A round co-led by WuXi PharmaTech.
Corporates take a hit as Mirna downprices IPO
The Pfizer, Baxter and Celgene-backed oncology company will raise $43.7m from an initial public offering where the share price was effectively halved in the space of two weeks.
Happn meets Idinvest for $14m series B
The proximity-based dating app, which has racked up 6 million users, has followed up its $8m series A with an Idinvest-led series B that will support international growth.
Access helps switch on Neon light
Immuno-oncology company Neon Therapeutics has been launched with $55m of series A capital supplied by investors including Access Industries.
Freedman seeks Moderne times
Constance Freedman has departed from National Association of Realtors, where she launched a venture capital unit and accelerator, to found an early-stage venture fund.
BeneStream benefits from Blue Cross and Blue Shield
The insurance group backed a $2m extension to BeneStream’s series A round, which has closed at almost $6.3m.
EVCA rebrands as Invest Europe
The trade body made the decision to reflect its expansion from venture capital and private equity to cover pension funds and insurance companies.