VMWare has returned to back recurring revenue management platform Aria Systems’ latest round, after previously supporting a $40m series D in 2013.
Month: February 2016
Interview: Healthcare funding in 2015 reaches new heights
Corporates remained active as crossover investors helped take healthcare VC investment to its highest level since 2000, Jonathan Norris of Silicon Valley Bank told Global Corporate Venturing.
Iluka helps Metalysis mine $29m
Existing investor Iluka Resources has participated in a $29m funding round for Metalysis, which produces metal powders used in 3D printing.
Effector carries out series B expansion
The round has been extended to $56m following a $40m first close in December 2015 featuring GlaxoSmithKline, Novartis, Astellas and AbbVie.
Weekly corporate venturing deal net: 15-19 February 2016
Grail, the US-based oncology diagnostics startup spun out of biotech company Illumina, has received an undisclosed amount of funding from GV, the corporate venturing unit of internet technology conglomerate Alphabet, and appointed Jeff Huber, a former executive of Alphabet subsidiary Google, as its CEO. Illumina, Arch Venture Partners, Bezos Expeditions and Sutter Hill Ventures provided… Continue reading Weekly corporate venturing deal net: 15-19 February 2016
News round up 22 February 2016
A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.
Playbasis raises $1.9m in new funding game
The corporate gamification app developer secured the money in a series A round featuring InTouch Holdings’ early-stage investment arm.
Adbrain devises $7.5m series B
Cisco joined existing backers Notion Capital and Octopus Ventures for a round that boosted the adtech company’s overall funding to $16.5m.
Sberbank helps frame GridGain series B
Data platform provider GridGain has raised $15m in series B capital, three years after it closed an initial $10m in series B funding.
$9.2m payday rolls around for PayActiv
PayActiv develops technology that helps employees access earnings early, and has followed up seed funding from SoftBank with $9.2m of new funding.
MyRepublic to call on investors for $178m
The DST and Sinar Mas-backed company is aiming to become Singapore’s fourth telecommunications provider and close $178m of funding by April.
LeTV Sports hits home run with $460m series B
The China-based sports streaming platform is raising the money from investors including Ti’ao Power, from which it has acquired the rights to Chinese Super League football.
Google eats up Pie
Gree, Digital Garage and Publicis have exited the Singapore-based messaging app developer, acquired by Google to help launch its regional office in the city-state.
GTCR drives $500m acquisition of Lytx
Volvo Group Venture Capital is set to exit Lytx, in which it invested an undisclosed sum in 2013 as part of a strategic partnership.