Cisco announced the scheme, which will include funding for startups and VC funds, alongside a $150m fund to support an ecosystem for its Cloud Spark platform.
Month: March 2016
Valencell measures out $11m series D
Valencell, a US-based biometric sensor technology developer backed by retailer Best Buy, raised $11m in a series D round led by Gii Tech, a fund run by financial services firm Gii, on Tuesday. Venture capital firm TDF Ventures and early-stage investment partnership WSJ Joshua Fund also contributed capital to the round. Founded in 2006, Valencell… Continue reading Valencell measures out $11m series D
WeWork finds space for Legend in $430m round
Legend Holdings and its private equity subsidiary Hony Capital co-led a round that could rise to $780m, and which is being raised at a $16bn valuation.
HRTN reaches Dragon Gate for US fund
China-based Hubei Radio & Television Information Network is partnering Dragon Gate Investment Partners for a fund that will focus on US-based startups.
PayPal decides helping fintech startups takes a Village
The online payment platform will partner Village Capital on local fintech venture development schemes in the US, India and Latin America.
Broadway Video exits as Mic picks up Hyper
Mic.com has acquired video aggregation startup Hyper for an undisclosed amount in a deal that provided an exit to entertainment producer Broadway Video.
Anand to oversee Google Capital’s Indian investments
Alphabet’s growth equity subsidiary is relocating team member Kaushik Anand to India as it seeks to expand its investments in the country.
Sky views iFlix as sound investment
Streaming service iFlix, previously reported to be raising a $150m round, has attracted $45m from broadcaster Sky as part of a strategic partnership agreement.
Chi-Med aims for $115m in US IPO
Mitsui-backed Chi-Med, listed in the UK since 2006, will put the money towards advancing its seven clinical-stage drug candidates.
Linmon pictures Legend for $76m series B
The TV production studio’s series B round was led by conglomerate Legend Holdings and also featured Tencent and the Hunan TV-backed Mango V Foundation.
Agilent points $80m at Lasergen
Agilent has acquired a 48% stake in genome sequencing company Lasergen and secured a two-year option to buy the remaining shares for another $105m.
InVent aims for Infinity
The corporate venturing unit has invested $500,000 in mobile game studio Infinity Levels, which will use the funding to improve its Ranch Run game.
InTouch sinks $700,000 into Golfdigg
InTouch Holdings’ corporate venturing unit has picked up a 25% stake in the golf course booking app developer, part of its 2014 accelerator batch.
Intel exits Protonex in Balllard acquisition
Ballard Power Systems has bought portable power technology company Protonex Technology, which had raised more than $210m, for just $18m in cash and stock.