The genetics testing company has managed to attract a range of corporate investors, partly through its research activities, and international expansion looks to be on the horizon.
Month: October 2015
Weekly corporate venturing deal net: 12-16 October 2015
China-based online venture capital news source 36kr has raised an undisclosed amount in a series D round led by Ant Financial, e-commerce group Alibaba’s financial services affiliate, which also included Huatai Securities Company and Matrix Partners. The company received an undisclosed sum in a 2011 angel round before closing a RMB10m ($1.6m) series A round… Continue reading Weekly corporate venturing deal net: 12-16 October 2015
News round up 19 October 2015
A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.
Corporates make Energy Impact
National Grid, Southern Company and Xcel Energy have committed capital to a fund launched by Energy Impact Partners that will invest in sustainable and efficient energy technology.
Google spinout Niantic secures series A backing
The mobile game developer has received $20m from Google, Nintendo and The Pokemon Company, with another $10m of milestone-based capital potentially to come.
Decibel rings up $52m in series A
GlaxoSmithKline took part in the round and secured a board seat at the startup, which is developing treatments for hearing disorders.
BuildZoom builds $10.6m series A consortium
The Digital Garage-backed online marketplace, which connects homeowners with contractors, has raised $10.6m in new funding.
Uxin Internet calls in Sina for $100m
The deal, which includes capital and resources, will allow the users of Sina’s Weibo microblogging platform to make calls using Uxin Internet’s free service.
Bluesmart bags $11.5m
US-based smart luggage manufacturer Bluesmart received $11.5m in series A funding on Wednesday from a consortium of investors featuring Amadeus IT Group, an IT services provider for the tourism sector. Y Combinator, Cota Capital, Western Technology Investments, Fairheaven Capital, Fenox Ventures, FundersClub, Pejman Mar Ventures and Yunqui Partners also took part in the round, and… Continue reading Bluesmart bags $11.5m
Corporates ignite $60m Fuze
IDG, Fosun and LineKong have taken part in a funding round for Fuze, which is developing a game console that will serve the Chinese market.
8i gets real with $13.5m
The Samsung and Bertelsmann-backed virtual reality technology developer is working on a platform that will allow anyone to create their own digital worlds.
Bracket unites investors for $45m
US-based cloud software developer Bracket Computing closed a series C round on Wednesday sized at more than $45m and backed by industrial conglomerate General Electric (GE) and wireless technology producer Qualcomm. Financial services conglomerate Fidelity Management and Research, and investment bank Goldman Sachs also committed funds alongside Norwest Venture Partners, Allegis Capital, Andreessen Horowitz, Artis… Continue reading Bracket unites investors for $45m
23andme decodes $115m series E
The genetic testing company has now raised $225m after Alphabet, Illumina and WuXi PharmaTech took part in a Fidelity-led round that valued it at $1.1bn.
Square shapes $275m flotation
Citi, Starbucks and Visa are all investors but none are among the main shareholders of the payment processor, which last raised money at a $6bn valuation.