Foxconn led the wearable tracker maker’s series A round, which also included Testrite and MediaTek.
Month: February 2016
BGF and Lloyds insert $28m into Sertec
The car parts producer has received $28.3m in capital from Business Growth Fund and long-term investor Lloyds Bank.
Understory sees sunny weather with $7.5m series A
The weather detection system producer raised the cash in a round co-led by Monsanto Growth Ventures as it prepares to expand across the US.
IDG Ventures India targets $200m for third fund
The IDG affiliate has not yet raised any cash for the fund, which will follow two earlier nine-figure funds.
Corporates make Impact at series B stage
Lilly Asia Ventures contributed funds to a $10m series B round for Impact Therapeutics, having previously participated in the company’s 2014 series A.
Razer edges toward series C
US-based gaming technology developer Razer has secured $75m in series C funding from Digital Grid, the distributed power grid technology subsidiary of IT company Hangzhou Liaison Interactive, TechCrunch reported today. Digital Grid obtained a 5% stake, valuing Razer at $1.5bn. The investment constitutes part of a “much larger” round, TechCrunch understands, though Razer has not… Continue reading Razer edges toward series C
Oscar rolls out red carpet in $400m round
Fidelity Investments has led a $400m round as the Alphabet-backed health insurance provider looks to grow its service to a million users within five years.
TCL and Tsinghua Unigroup to combine for $1.5bn fund
Electronics producer TCL is teaming with the semiconductor producer for an investment fund that has so far received more than $275m from its founding partners.
Oculus VR to make real $10m of funding
The virtual reality system developer will supply the cash to indie game developers as it prepares to launch its platform in the first quarter of next year.
Interview: Nokia Growth Partners’ $350m bet on internet of things
Nokia Growth Partners (NGP), the venture firm which manages the funds of the Finland-based technology company, has received a $350m commitment to invest in the internet of things. Global Corporate Venturing met with Bo Ilsoe, a NGP managing partner, in a hotel in Barcelona on the sidelines of Mobile World Congress, to talk about the… Continue reading Interview: Nokia Growth Partners’ $350m bet on internet of things
100Kuai employs Yurun for $15m series A
The student employment startup was only formed in December last year, but has secured $15.3m in funding from backers including meat supplier Yurun Group.
Orion Labs experiments with Motorola Solutions in $9m series B
The corporate took part through its Motorola Solutions Venture Capital unit, helping to boost wearable communication device maker Orion’s total funding to more than $15m.
Attn draws Evolution Media for series B
Evolution Media Partners, backed by CAA and Participant, led an $18.6m round for advocacy-based news platform Attn, which will now invest in its video content.
Nokia Growth Partners closes $350m IoT fund
The fund, which brings the amount managed by the Nokia-sponsored firm to more than $1bn, will look to invest in a wide range of internet of things technologies.