The satellite operator, backed by Google, SES, Liberty Global and Sofina, has now raised $1.9bn in total financing and will spend the cash on another eight satellites.
Month: December 2015
Swift Navigation finds its way to $11m
Flextronics-backed fund Eclipse and Qualcomm invested in the second round closed by Swift, which is developing GPS technology to help self-driving cars navigate roads.
Mattel to pick up Fuhu for $9.5m
Fuhu, the corporate-backed producer of computing hardware for children, has filed for Chapter 11 bankruptcy protection after raising $65m in funding.
Cradlepoint absorbs Pertino into its network
Norwest Venture Partners has exited network virtualisation company Pertino, which had raised almost $29m in funding, through an acquisition by Cradlepoint.
Vinted is minted, raising $27m
The second-hand fashion marketplace has attracted $27m from a consortium including Hubert Burda Media, and plans to now expand into new markets.
Allena ingests $53m series C
Allena, which is developing treatments for kidney diseases, took its overall funding to $93m in a round featuring returning investor Pharmstandard.
GSK stars in $55m Constellation round
US-based biopharmaceutical company Constellation Pharmaceuticals closed a $55m round of funding on Wednesday backed by SR One, the corporate venturing arm of pharmaceutical firm GlaxoSmithKline. Private equity firm Topspin Partners co-led the round with undisclosed investors, while Third Rock Ventures, Column Group, Venrock and unnamed funds also contributed capital. Founded in 2008, Constellation’s treatments are… Continue reading GSK stars in $55m Constellation round
Greensmith forges $18m series C
Energy storage software developer Greensmith has boosted its latest round to $18.3m after E.ON added to a round that already included $5m from American Electric Power.
Palantir locates another $125m
The big data analytics company, which counts RELX among its investors, has now raised $680m in a round that values it at $20bn.
Ipreo’s Grill to heat up Gemspring
Bennet Grill has left his business development post at market intelligence provider Ipreo to take up a position at private equity firm Gemspring Capital.
Flipkart logs $87m MapmyIndia investment
Flipkart is acquiring a 34% stake in the Qualcomm-backed digital mapping company, enabling VC backers Lightbox and Nexus Venture Partners to exit.
Aviva draws up $150m corporate venturing policy
The insurance group will allocate the funding to internet of things, data and analytics, sharing economy and customer experience startups over the next five years.
Socialgiver wins Singtel-Samsung award
The charitable business services platform won the grand prize at the second annual Singtel Group – Samsung Regional Mobile App Challenge, beating rivals from Asia, Africa and Australia.
Magic Leap tries for $827m series C
The augmented reality developer, backed by Google, Qualcomm and Legendary Entertainment, is raising funding at a $2.9bn pre-money valuation.