George Coyle has departed from ConocoPhillips’ corporate venturing unit to form an oil and gas-focused fund that has already raised almost $43m in capital.
Month: February 2016
Growth Builder to help UK startups expand
BP, Pie Mapping and Natwest are among the backers of an initiative that will support UK-based startups.
Telstra joins Monk’s Hill LPs
Telstra has provided $7m for the $80m Southeast Asian fund being raised by Singapore-based Monk’s Hill Ventures, joining LPs already including Cisco and Yahoo Japan.
Hertz could ride Luxe in $50m round
On-demand parking service Luxe is in talks for a $50m series B round that would be led by Hertz and which could value it at upwards of $160m post-money.
Telecoms firms look to Ignite startups
Telecommunications firms Deutsche Telekom, Orange, Singapore Telecommunications and Telefónica officially launched accelerator program Go Ignite at industry event Mobile World Congress last week. The corporates are backing the initiative, formed in September 2015, through their respective units Hubraum, Orange Fab, Singtel Innov8 and Telefónica Open Future. Go Ignite will invest in Asia, Africa, Europe, Latin… Continue reading Telecoms firms look to Ignite startups
Murata digs into Arctic Sand
Power conversion technology developer Arctic Sand Technologies has closed a $19m series B round led by Murata and backed by GE Ventures.
Souq houses $272m round
Naspers returned to reinvest in the Dubai-based online marketplace, which has now raised $425m in total and is reportedly worth more than $1bn.
AppCard markets $20m series B
Philippine Long Distance Telephone Company has co-led a second funding round for consumer loyalty platform AppCard.
Interview: Healthcare VC and exits compress as the market speeds up
2015 saw companies raising large VC rounds faster and investors existing quicker, according to Jon Norris of Silicon Valley Bank, and expect M&A to stay steady as IPO market continues to move slowly.
Investors drop off $28m for Deliv
Logistics company Deliv has added UPS to shareholders that already include General Growth Properties, Macerich, Simon Property, Taubman Centers and Westfield.
News roundup 29 February 2016
A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.
Parkbees buzz attracts Tencent
Tencent was among the investors in a $12m series A round for the China-based parking space location app developer.
Weekly corporate venturing deal net: 22-26 February 2016
Food retailer Whole Foods has agreed to make an equity investment of undisclosed size into US-based grocery delivery service Instacart alongside a five-year delivery partnership deal, Re/code reported on Tuesday. Instacart had raised $275m from Comcast Ventures, the corporate venturing arm of mass media company Comcast, Dragoneer Investment Group, Thrive Capital, Valiant Capital, Andreessen Horowitz,… Continue reading Weekly corporate venturing deal net: 22-26 February 2016
Tian Tian receives $92m funding package
The Chinese courier service, 60% owned by counterpart STO Express since 2012, has raised capital in a Qingdao Haier-backed series A round.