Steve Murray has left Softbank Capital after two decades with the unit to join venture capital firm Revolution Growth.
Month: January 2016
WeLab concludes series B round with $160m
A host of government investors have participated in a second funding round for the lending platform, which closed a $20m series A backed by Tom Group last year.
Deezer does the business, raising $110m
Existing investors Access Industries and Orange returned to fund a round that increased the music streaming service’s overall funding to more than $260m.
NVP closes $1.2bn fund
The Wells Fargo-backed venture firm closed its third consecutive $1.2bn fund, after an 18-month period where it recorded 22 exits.
Corporate venturing rises to highest rate since 2000
Corporate venturers provided more than $7.5bn to companies in 2015, with the software, biotechnology and industrial/energy sectors the big recipients.
LendUp gets a hand up with $150m
The GV-backed online lending platform raised $150m in series B equity funding and debt, and could double its staff numbers this year.
Novel TMT directs InTurn to $9.7m
InTurn, which runs an online service enabling businesses to sell excess stock to each other, has now raised more than $13m since it was founded.
KartRocket ignites with $6m
Bertelsmann led the e-commerce services provider’s series A round, while Beenext, Nirvana Venture Advisors and 500 Startups all returned.
KeyMe locks up $20m
Comcast Ventures led the digital locksmith’s series B round, while 7-Eleven’s corporate venturing subsidiary returned to reinvest.
Estimote attracts Digital Garage to $10.7m series A
Estimote, which produces sensors and interactive beacons for indoor locations, had raised $3.1m in its 2013 seed round.
Cymbet energises itself with $10m
The solid state battery company, backed by Intel, Texas Instruments, Bekaert and Dow Chemical, plans to raise up to $7m more in the first half of 2016.
Blue Coat respects Appthority for $10m round
Appthority has revealed a series B round that included cybersecurity company Blue Coat Systems, adding on to the $6m raised in a 2012 series A.
Cox finds Euclid Analytics for $20m series C
The location analytics company took its overall funding to $44m in a Cox Enterprises-led round that also featured Groupe Arnault.
PlaceIQ tracks down $25m
PlaceIQ, which has KBS+ as an investor, has now raised more than $50m in total, securing $25m in a series D round funded by undisclosed backers.