Neurological therapeutics developer Rodin took its overall funding to more than $30m after securing financing from Biogen and co-founder Atlas Venture.
Month: January 2016
Exosome diagnoses $60m series B
The medical diagnostics company has achieved the final close of its series B round that was raised over three tranches from investors including biotech firm Qiagen.
CommonFloor accepts Quikr option for acquisition
Alphabet has exited realty listings platform CommonFloor in a majority-stock purchase by Quikr that reportedly valued it at $100m to $120m.
Mogujie finds Meilishuo a good fit
Tencent-backed Meilishuo is set to be acquired by its competitor Mogujie in a stock deal, and the $3bn merged company could raise up to $250m in the aftermath.
Why every company in the Fortune 2000 will have a venture capital arm
Corporate venture capital (CVC) began with high-tech information technology companies like Intel, IBM, Samsung, Qualcomm, Comcast and Google leading the way and defining the category. But new corporate venture capital units are now springing up in nearly every industry sector, and established units in non-tech sectors are becoming more prominent in the marketplace, too. According to Global… Continue reading Why every company in the Fortune 2000 will have a venture capital arm
Kunlun sinks $10m into Inke
Video broadcasting app Inke has received $10m from the gaming company, which picked up an 18% stake in return for its investment.
Corporates get to Zymeworks for $61m mezzanine round
Celgene, Eli Lilly and Brace Pharma participated in a series A mezzanine financing round that will help Zymeworks advance its breast cancer drugs into clinical development.
News roundup 11 January 2016
A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.
Weekly corporate venturing deal net: 4-8 January 2016
Mirai Creation Fund, a joint venture by corporates Sparx Group, Toyota Motor Corporation and Sumitomo Mitsui Banking Corporation, has invested $5m in UIEvolution, a US-based provider of connected device software for the automotive and tourism accommodation industries. UIEvolution had previously raised about $34m from investors including semiconductor maker Intel, trading firm Itochu, game developer Square… Continue reading Weekly corporate venturing deal net: 4-8 January 2016
RapidMiner extracts $16m from investors
US-based analytics platform provider RapidMiner has closed a $16m series C round led by Nokia Growth Partners (NGP), the corporate venturing arm of IT and communications technology company Nokia. NGP was joined in the round by Ascent Venture Partners, Earlybird Venture Capital, Longworth Venture Partners and Open Ocean Capital. RapidMiner has produced an open source,… Continue reading RapidMiner extracts $16m from investors
Toast pops up with $30m
The point-of-sale technology developer, which had previously secured a total of $10m in funding and debt, has added Alphabet to its shareholders.
AirCloset lets corporates in for $8.5m round
The fashion rental startup has raised funding from investors including Credit Saison, Nakazono Holdings and Terrada Warehouse.
Online tutoring service Zhiyou raises $9.1m
The one-to-one tutoring startup has followed a seed investment by Xueda Edcuation with $9.1m of series A funding from corporate venturing unit Legend Capital.
C4 explodes out the blocks with $73m
C4 Therapeutics has been launched by the Dana-Farber Cancer Institute with series A funding from investors including Roche, Novartis and Kraft.