The Canada-based energy companies will each provide $50m in the next 10 years to a fund called Evok Innovations, which will fund cleaner oil and gas technology.
Month: January 2016
Summary of venture-backed tech to watch out for
A weekly update on interesting deals
Mambu dances to $8.7m
Commerzbank’s corporate venturing unit co-led the series B round, which will be used to expand Mambu’s team and fund international growth.
Sansan draws funding card in $16.9m round
Salesforce and Nippon Life helped take the business card management platform’s funding to more than $36m since 2009.
Lodo loads up series A with $17m
Lodo Therapeutics has been launched by investment firm Accelerator Corporation with series A capital from investors including AbbVie, Eli Lilly, Wuxi PharmaTech, Pfizer, IBM and Johnson & Johnson.
Ping++ adds series B funding
Electronics supplier Shengjing Technology co-led the round, in which the online payment technology company raised an eight-figure dollar sum.
Pearl Electric switches on for $30m series C
The power transmission equipment supplier raised the cash from investors including China General Nuclear Power and Hongta Tobacco.
Novartis reaches Surface in $170m collaboration deal
Novartis is set to make an equity investment in Surface Oncology as part of the agreement, a year after taking part in the company’s $35m series A round.
Fundraising strategy pays off for unicorn Anaplan
The enterprise planning software company raised $90m in a Salesforce-backed round that valued it at more than $1bn.
V-Wave gets $28m series B implant
Israel and US-based medical device company V-Wave has closed a $28m series B round featuring Johnson & Johnson Innovation, the investment unit of pharmaceutical firm Johnson & Johnson, and medical equipment manufacturer Edwards Lifesciences. TriVentures, Pura Vida Investments, BRM Capital, BioStar Ventures and Pontifax also participated in the round. Founded in 2010, V-Wave is working… Continue reading V-Wave gets $28m series B implant
Zerto zeroes in on $50m
US-based data management software provider Zerto raised $50m in a series E round yesterday featuring Claltech, an investment vehicle of diversified conglomerate Access Industries’ subsidiary Clal Industries. RTP Ventures, a venture capital affiliate of investment firm Ru-Net, also took part in the round, which was led by VC firm Institutional Venture Partners (IVP) and backed… Continue reading Zerto zeroes in on $50m
Baidu begins talks over Indian deals
The China-based internet company is in talks with Zomato, Big Basket and Bookmyshow as part of a strategic investment drive in India.
Lending platform Duanrong raises $59m
Peer-to-peer lending platform Duanrong has now raised $69m altogether, after securing series B funding from pharmaceutical company Furen.
AXA takes Easy option
AXA Strategic Ventures, the corporate venturing vehicle for insurance company AXA, has invested €600,000 ($650,000) in Easypropriétaire, an online community website based around property purchasing. Easypropriétaire provides a simplified process to purchasing real estate and offers support, tools and advice through its website and apps. AXA Strategic Ventures is a €200m fund created by AXA… Continue reading AXA takes Easy option