Life sciences company Malin will invest up to $30m in the series A round closed by Poseida Therapeutics, which is working on liver disease and cancer treatments.
Month: December 2015
Navitor navigates its way to $33m
GlaxoSmithKline and Johnson & Johnson returned to join Sanofi in backing the biopharmaceutical company’s series B round, bringing its total funding to more than $65m.
Burke to assist CCL in Silicon Valley
Patty Burke, previously a consultant at corporate venturing consultancy Bell Mason and a partner at Accelevate, has joined Centre for Creative Leadership.
Toyota provides $8m for Preferred Networks
Artificial intelligence developer Preferred Networks, which spun out of Preferred Infrastructure last year, is receiving $8.3m from the carmaker as part of a strategic partnership.
Corporates help guide WellDoc to $22m series B
US-based healthcare software developer WellDoc has achieved a first close of its $22m series B round co-led by electronics conglomerate Samsung and healthcare company Merck. Samsung participated through its corporate venturing unit Samsung Ventures, while Merck contributed funds through its investment vehicle Global Health Innovation Fund. Adage Capital Management, Excel Venture Management, Alexandria Venture Investments… Continue reading Corporates help guide WellDoc to $22m series B
NextCapital looks ahead with $16m
The financial planning technology developer has followed a Transamerica-backed round last year with $16m of series B funding.
Architel gets an exit as Purch gets ShopSavvy
US-based mobile shopping app producer ShopSavvy has been acquired by digital content and e-commerce company Purch for an undisclossed amount, providing an exit to IT infrastructure outsourcing company Architel. Founded in 2008 as GoCart, ShopSavvy’s platform enables consumers to search products across 40,000 retailers. Users can scan barcodes to see price comparisons with nearby shops,… Continue reading Architel gets an exit as Purch gets ShopSavvy
Riot reaches final level for Tencent acquisition
Tencent has fully acquired games developer Riot, in which it already owned a majority stake following a $400m investment in 2011.
Gusto stays on Google Capital payroll to raise $50m
The Alphabet-backed payroll services provider formerly known as ZenPayroll has now raised more than $135m in overall funding and is valued at $1bn.
Juesheng nurtures corporates for $31m series C
Publisher Tangel and IT training provider Tarena have contributed to a funding round for the online education platform, which claims to have 14 million users.
Lyft to drive up latest round to $1bn
The ride sharing company has upped its funding target from $500m to $1bn, though it is unclear whether existing backers including Alibaba, Tencent, Didi Kuaidi and Rakuten will reinvest.
Colopl realises $50m fund
The publisher has launched a fund targeting virtual reality gaming and is also planning to form partnerships with studios in the industry.
Meituan-Dianping groups together backers for $2.8bn
The newly merged group buying company, named China Internet Plus Group, has raised $2.8bn from backers including Tencent at an $18bn post-money valuation.
Tide comes in for Scotrenewables with $8.4m
Tidal power developer Scotrenewables has now secured about $35m in total, after DP Energy joined existing investors Total, ABB, Harland & Wolff and Fred.Olsen.