AstraZeneca, GSK and Johnson & Johnson have joined forces with the tech transfer offices of three universities to form the Apollo Therapeutics Fund.
Month: January 2016
Olo orders up $40m from Raine
PayPal-backed restaurant ordering platform Olo has received $40m from Raine Group, taking its total funding to almost $55m.
Maluuba speaks investors’ language, raising $6m
The Samsung-backed natural language learning technology provider secured the money in a series A round featuring Emerillion Capital and Nautilus Ventures.
SoftBank moves another $15m into Housing.com
SoftBank has followed a reported $70m investment in 2014 with another $14.8m for the online realty portal, also backed by Qualcomm.
Investors rate FiveStars for $50m
Rogers-backed loyalty scheme tool FiveStars has obtained $50m in series C capital from both new and returning backers, taking its overall funding to $105m.
OpenDoor lets in $80m
The property selling platform reportedly raised the money late last year in a series C round led by Access Industries.
Corporates invest in Digital Asset for $50m round
A total of 13 financial services firms have backed a $50m funding round for Digital Asset, a developer of distributed ledger technology software.
Ustream flows to IBM
Softbank, KT and Recruit have exited Ustream in an acquisition by IBM, which will integrate the video streaming platform into its new Cloud Video Services division.
Big Deal: Lufax raises $1.2bn
The series B round closed by Ping An-backed Lufax is the biggest deal so far in what has been a bumper month for China’s online finance sector.
GCV Analytics partners with Bell Mason on benchmarking among CVI² initiatives
GCV Analytics, Global Corporate Venturing’s data unit, has partnered with corporate venturing consultancy firm Bell Mason Group, led by Heidi Mason (pictured), to provide a Benchmark and Roadmap Service, which is being rolled out as one as three initiatives by CVI², an organisation of specialised corporate venturing and innovation service providers. See all initiatives here. … Continue reading GCV Analytics partners with Bell Mason on benchmarking among CVI² initiatives
News round up 26 January 2016
A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.
IBM selects 10 for final
One winner will receive $25,000 and a place in the Launch incubator.
Jugnoo drives to $2.5m
In November, Jugnoo raised $3m in a B round provided by mobile payment company Paytm.
Rakuten sends over $6m
In May 2014, Rakuten led a $1m seed round for ESTmob.