The firm Young is joining, DTCP, has a fund structure like solely corporate-backed venture capital firms, GV, which has Google as its sole limited partner (LP) and Sapphire Ventures, which has Germany-based technology firm SAP as its sole investor.
Month: April 2016
Entasis structures $50m series B
Novo and existing investor AstraZeneca contributed to a round that will support Entasis Therapeutics’ anti-infectives pipeline.
Data Artisans crafts Intel-led series A
The big data analysis startup raised $6.3m in a round led by Intel Capital that also included Tengelmann Ventures.
Home24 gets $22.7m from visitors
Home24, the Germany-based online furniture retailer backed by e-commerce group Rocket Internet, received €20m ($22.7m) in funding from undisclosed new and existing investors on Thursday. Founded in 2009, Home24 operates an online platform that sells furniture, home accessories and garden equipment, offering a total of some 180,000 products from around 800 manufacturers with delivery free… Continue reading Home24 gets $22.7m from visitors
Whistle goes to Mars in $117m deal
Mars Petcare has reportedly paid $117m for smart pet collar developer Whistle, which had raised $25m from investors including Nokia and Qualcomm.
Startupbootcamp administers digital health accelerator
A total of 10 digital health startups stand to benefit from a three-month program supported by Arvato CRM Healthcare, Sanofi in Germany, Munich Health and ApoBank.
Big Deal: Slack adds $200m
The enterprise messaging company took its total funding to $540m, securing $200m at a $3.8bn valuation from backers including Alphabet and Comcast, showing there is still big late-stage money available for the right kind of company.
Corporates invest $9m to live in Material Wrld
Start Today and Nippon Life Insurance have provided a total of $9m for second-hand fashion marketplace Material Wrld.
Managed by Q cleans up with $25m
US-based office maintenance service Managed by Q has raised $25m in a series B round featuring GV, the corporate venturing division of conglomerate Alphabet, the New York Times reported on Friday. Kapor Capital, the investment arm of Kapor Center for Social Impact, also contributed funds. Managed by Q will foster diversity and inclusion through training… Continue reading Managed by Q cleans up with $25m
MapD pinpoints corporates to raise $10m
Verizon has joined existing investors including Alphabet and Nvidia to help the graphic-powered data technology company close its series A round.
Weekly corporate venturing deal net: 28 March-1 April 2016
PLDT Capital, the corporate venturing arm of telecommunications firm Philippine Long Distance Telephone Company, made a strategic investment reported by DealStreetAsia to be $5m in US-based digital commerce platform Matrixx Software on Wednesday. Matrixx raised approximately $24m from investors including Swisscom Ventures, the investment arm of telecoms company Swisscom, Innovacom, Adams Street Partners, Tugboat Partners… Continue reading Weekly corporate venturing deal net: 28 March-1 April 2016
News roundup 4 April 2016
A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.
Chase catches another $12m
Alzheimer’s drug company Chase Pharmaceuticals has added $12m to its funding total, which is likely to have included $3m from existing investor Cipla.
Playbuzz works out $15m series C
The content publishing platform boosted its total funding to $34m in a Walt Disney-backed round that will support the expansion of its sponsored content activities.