Bertelsmann India Investments, a corporate venturing subsidiary of media firm Bertelsmann, has invested $5m in India-based, fashion discovery platform Roposo, enabling it to close a $15m series B round in which hedge fund Tiger Global Management has already invested $10m, Press Trust of India reported on Tuesday. Tiger Global led Roposo’s $5m series A round… Continue reading Weekly corporate venturing deal net: 25-29 April 2016
Month: April 2016
News round up 3 May 2016
A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.
World View to expand with $15m
World View has raised $15m in a Tencent-backed series B round that will support the development and commercial adoption of its high-altitude balloons.
CME and Verizon light up SparkCognition’s series B
SparkCognition has raised $6m in a round backed by CME Ventures and Verizon Ventures, a few months after winning at 2015’s Nokia Open Innovation Challenge.
Vidsys collects $11m to sort through
Data collection and analysis platform Vidsys, backed by IDG and Motorola Solutions in the past, has picked up $11m in new funding, taking its overall financing to almost $43m.
Corporates help provide Trov with series C funds
Suncorp and Guidewire have backed a $25.5m round for Trov, which operates a mobile app that enables users to easily insure their belongings.
Dairanieh leaves BP Ventures for new exploration
Issam Dairanieh, head of BP Ventures, has departed from its parent company after 18 years and more than a decade in corporate venturing.
Zero Zero Robotics captures $25m
The flying smart robotics manufacturer has revealed $25m of funding, including a $23m series A round, supplied by backers including IDG.
RayVio broadcasts news of $26m round
Tolero Pharmaceuticals and Applied Materials returned to back RayVio’s series C round, following their participation in a $9.3m series B in March 2015.
Intellia edits IPO terms
The gene editing company expects to raise up to $90m, while Novartis and Regeneron are set to invest $55m through private placements.
AbbVie breathes in Stemcentrx in $9.8bn deal
Fidelity-backed Stemcentrx, which emerged from stealth in September at a $5bn valuation, will be acquired for $5.8bn in cash and stock, and up to $4bn in milestone payments.
Kamcord to expand activity stream with $10m
Time Warner led Kamcord’s series C round, which also featured Tencent, as the live streaming platform prepares to expand from games into other media.
Series E round passes Nexthink’s final analysis
Mannai Corporation-backed Nexthink, which uses artificial intelligence to monitor and analyse network traffic, has raised $40m to drive international expansion.
TaskEasy maintains momentum with $12m series B
Delta Electronics led the outdoor maintenance marketplace’s latest round, which also included lawn equipment maker MTD Products.