Imperial Innovations led the round, while Consort Medical also participated as it enters into a collaboration agreement with the retinal disease treatment developer.
Month: March 2016
Weekly corporate venturing deal net: 7-11 March 2016
Propel, the US-based developer of a product lifecycle management tool built on Salesforce.com’s cloud computing platform, closed a $4.2m series A round led by venture capital firm Cloud Apps Capital Partners yesterday, with contributions from Salesforce’s corporate venturing unit, Salesforce Ventures, and VC firm SignalFire. The funding will go to sales, marketing and product development.… Continue reading Weekly corporate venturing deal net: 7-11 March 2016
Bustle hustles for $11.5m
Time Warner Investments has invested in millennial women-focused media company Bustle for a fourth time, helping to raise its overall funding to almost $40m.
StreetLight highlights Engie for $7.6m round
Engie co-led a series B round for smart cities technology provider StreetLight Data, also backed by Deutsche Telekom, which has raised more than $13m in total.
Investors lay on $35m for Soothe
The IDG-backed on-demand massage service has closed its third funding round in just over a year and the second to be led by private equity firm Riverside.
Flipkart goes shopping for investors in China
The e-commerce company is reportedly in talks with Alibaba and Fosun over a round that would be sized at up to $1bn, but which would also be raised at a lower valuation.
BigFoot makes series B bigger
Bertelsmann India Investments led the round’s $6m first tranche in January, before BigFoot, the owner of e-commerce services provider KartRocket, closed it at $8m.
Attivio attends to $31m
Attivio, a US-based big data software provider backed by GE Pension Trust, a corporate fund of conglomerate General Electric, secureed $31m in a funding on Wednesday. The round’s investors have not been named, though Edward Glassmeyer, managing partner of Oak Investment Partners, implied in a quote attached to the press release that his firm contributed… Continue reading Attivio attends to $31m
LKF targets up to $500m for fund
LKF Capital, the private equity subsidiary of China-based conglomerate Lan Kwai Fong Group, is targeting a close of $300m to $500m for a new fund aimed at lifestyle startups, China Money Network revealed today. The fund was confirmed to the news site by the conglomerate’s founder, Allan Zeman, who also disclosed that LKF Capital launched… Continue reading LKF targets up to $500m for fund
FuboTV scores with $15m series B
Sky and 21st Century Fox each contributed $6m to a round that lifted the over-the-top sport TV subscription service’s overall funding to more than $20m.
Xurpas sees Micro Benefits from $10m investment
The firm acquired a 23.5% stake in the employee engagement platform, which will help its Storm Flex Systems subsidiary expand into China.
Aprea latches on to $50m
Aprea, a Sweden-based cancer therapy developer backed by healthcare provider Praktikertjänst Group, closed a €46m ($50m) series B round yesterday. The round was co-led by venture capital firms Versant Ventures and 5AM Ventures, with participation from investment manager Sectoral Asset Management and venture capital firm HealthCap. Founded in 2000, Aprea is working on therapeutics to… Continue reading Aprea latches on to $50m
Deutsche Telekom gets instant Replay exit
Replay Technologies has been acquired by Intel for roughly $175m, days after it closed a $13.5m series A round led by Deutsche Telekom.
Intersec crosses series C junction with $10m
Intersec, previously backed by France Telecom, raised $10m in a round featuring Cisco, a strategic partner since December 2015.