Verizon contributed to a round that will help the mobile services company, also backed by Cisco, expand in Europe, South America, Africa and the Middle East.
Month: December 2015
Illumina signs four startups to its accelerator
US-based biotechnology company Illumina has welcomed four new startups to its accelerator program, which will provide each one with $20,000 in equity and $100,000 in convertible note financing. The four companies include MetaMixis, a spinout of University of British Columbia working on technology to produce bio-based materials and chemicals, and NextGen Jane, a spinout of… Continue reading Illumina signs four startups to its accelerator
Pharmaron finds right result with $280m
Legend Holdings reinvested in life sciences R&D services provider Pharmaron, co-leading a $280m round closed four years after a $40m series C.
Strategic performance gains importance in CVC comp
There is still concern that those in corporate venturing are not adequately compensated. Three quarters of respondents to the latest J Thelander Consulting said their title and compensation structure failed to appropriately reward them. Jody Thelander is pictured.
2015 round up: Alphabet
Google restructured itself under a holding company called Alphabet, but its corporate venturing units continued to invest heavily in healthcare despite GV pulling the plug on its European fund.
Accolade achieves $38m
Accolade has secured an additional $16m for a McKesson and Independence Health-backed round, boosting it to $38.6m and its overall funding to more than $90m.
Flipkart helps BlackBuck haul in $25m
Business-to-business logistics startup BlackBuck previously secured series A funding in a Flipkart-backed series A round in July.
Dose measures out $25m
Media group Tribune Media led viral media company Dose’s series B round, closed as it rebrands from Spartz Media and seeks to enter new content verticals.
SnapLogic connects series E dots
Big data technology provider SnapLogic has added Microsoft to its shareholders as part of a $37.5m series E round that will support its global expansion efforts.
Kallyope muses on $44m series A
The Illumina-backed startup has launched with $44m and will develop therapeutics based on how the gut communicates with the brain and other organs.
Boundless finds space for series B round
The geospatial software company raised more than $5m from backers including Motorola Solutions, taking its overall funding to more than $10m.
Infosys migrates to CloudEndure for $7m round
The disaster and recovery platform will use the round, which included a $4m Infosys investment, to scale its sales and marketing capabilities.
News round up 14 December 2015
A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.
Weekly corporate venturing deal net: 7-11 December 2015
Market expansion firm DKSH has paid an undisclosed amount for a 20% stake in Thailand-based e-commerce service provider aCommerce, which counts conglomerates Sumitomo and Sinar Mas, mobile network NTT Docomo, internet company CyberAgent and digital consultancy Asia Pacific Digital as shareholders, TechCrunch reported on Tuesday. The company had raised almost $19m in total as of… Continue reading Weekly corporate venturing deal net: 7-11 December 2015