GV led the genome sequencing company’s series B round, which followed a $5.5m series A in late 2014.
Month: March 2016
Whistle alerts corporates for $20m series C
NBC, Sky, Tegna and the Tengelmann-owned Emil Capital have provided $20m, bringing the online sport media company’s total funding near to $60m.
LendInvest moves into series B with $24m
The property finance marketplace has followed funding from Kunlun in 2015 with an additional $24.3m from venture capital firm Atomico.
Intel Capital’s ‘fresh look’ leads to $1bn portfolio sale
Large portfolio sale part of a “fresh look” at how Intel Capital should be investing under new president Wendell Brooks.
XY fashions IDG-backed series A
China-based men’s fashion e-commerce company XY has raised an undisclosed sum in a series A round featuring IDG Capital Partners, a corporate venturing affiliate of media company International Data Group, China Money Network reported yesterday. Venture capital firm Morningside Ventures also invested in the round, which is reportedly sized at several million dollars. Founded in… Continue reading XY fashions IDG-backed series A
Marley Spoon eats up $17m
The Rocket Internet-backed meal ingredients delivery service nearly doubled its overall funding to $32m in a series B round featuring ad-for-equity firm GMPVC.
GUV Big Deal: Aprea records $51m series B
Thierry Heles, editor of Global University Venturing, takes an alternate look at one of last week’s corporate venturing deals.
Indochino proves the right fit for Dayang
Apparel manufacturer Dayang has invested $31.6m in fitted suit supplier Indochino as part of a five-year strategic alliance agreement.
Virgin Media connects to 10 startups
Virgin Media and Techstars have named the 10 companies that will join their London accelerator program and receive up to $120,000 each.
Intel considers divesting up to $1bn in corporate venturing assets
Up to $1bn of Intel Capital assets could be sold off, and Intel has reportedly employed UBS to look for interested buyers.
Pivot3 swings towards $19m
Samsung-backed Pivot3 has added another $19m to its war chest, increasing its overall debt and equity financing to $174m.
GM takes Cruise in billion-dollar deal
Qualcomm is set to exit driverless vehicle technology company Cruise Automation, which had raised $18m in financing, in a $1bn acquisition by General Motors.
Big Deal: Cainiao picks up $1.5bn
The logistics service, backed by Alibaba and a host of other corporates, has reportedly raised funding at a $7.7bn valuation, illustrating the effect e-commerce has had on the logistics sector.
News round up 14 March 2016
A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.