KR Space, the incubator run by China-based venture capital media company 36kr, has received an undisclosed amount of funding from investors including Colony Capital, Unity VC, Gobi Partners and angel investor Feng Ren, Tech in Asia reported on Monday. The incubator, which is present in eight Chinese cities, reportedly raised the cash at a RMB1bn… Continue reading Weekly corporate venturing deal net: 25-29 January 2016
Month: January 2016
News round up 1 February 2016
A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.
TravelersBox springs $10m series A
Global Blue made its second investment in the foreign currency exchange service, which aims to grow its 75 airport kiosks to as many as 300 by the end of this year.
DataXu touches Sky for $10m
Sky’s advertising subsidiary, Sky Media, will work with marketing analytics company DataXu on its Sky AdVance product following the investment.
Exclusive: Corporate venturing icon Fan Munce to retire from IBM
During her varied career Fan Munce has taken a leadership role within the corporate venturing and wider venture capital community, serving as chairwoman of the board of Global Corporate Venturing’s Leadership Society.
HSBC enters CustomerMatrix in $10.5m series B
Cognitive computing technology provider CustomerMatrix took its total funding to almost $20m in a round led by financial services firm HSBC.
Tapdaq hits up BGF for $6.5m series A
The mobile app cross-promotion platform has added the bank-backed BGF Ventures to its list of shareholders having raised $1.4m in seed funding in 2014.
Fireglass sets series A round alight with $20m
SingTel Innov8 invested as part of a round that Fireglass will use to expand R&D, sales and marketing as it prepares to release its first cybersecurity product.
RedMart aims to avoid the blues with $100m
The online grocery seller has raised $54m from backers including SoftBank and Garena, and is targeting another $100m to expand out of Singapore.
Echo resonates with Beijing Enlight Media
Film producer Enlight has supplied $30m in series C funding in return for a 20% stake in music app developer Echo.
Pindrop picks up $75m
Pindrop, a US-based phone fraud prevention technology developer, raised $75m yesterday in a series C round led by Google Capital, the growth equity arm of conglomerate Alphabet. GV, which acts as GV’s corporate venturing unit, and Citi Ventures, the strategic investment arm of financial services firm Citigroup, also participated in the round alongside venture capital… Continue reading Pindrop picks up $75m
Nomura shoots for $84m fund
Nomura has partnered Keio University to raise an $84m fund aimed at startups in sectors such as space technology, life sciences and regenerative medicine.
Spotify gets ready for $500m convertible note offering
The 4% notes will convert to equity in the event of an initial public offering according to bank documents, though the music streaming company has not disclosed investment plans.
Novo finds a new Blend in $38m series C
Cancer treatment developer Blend Therapeutics has now raised almost $78m altogether and has changed its name to Tarveda Therapeutics.