HTC has launched a $100m accelerator program and corporate venturing fund dubbed Vive X that will seek out opportunities in the virtual reality sector.
Month: April 2016
Target diclosed fourth Indian accelerator batch
Wellness, retail technology and the internet of things are all on the menu for the fourth batch of the US-based retail chain’s Indian accelerator.
IDT chips in as Peraso raises $20m
Semiconductor manufacturer IDT has joined existing backers iNovia and Roadmap to invest $20m in wireless chipset maker Peraso.
Tuliu lands $23m in series B capital
The Shanda-backed land management and trading platform, which launched its service in 2009, has closed its second round of funding.
Idinvest to make healthy return from Withings acquisition
Nokia is set to buy digital health product maker Withings, which had raised almost $34m from backers including Idinvest Partners, for $193m.
Spin Master wins Bonnier startups
Toca Boca and Sago Mini, two game developers established by media company Bonnier, are set to be acquired by digital toy producer Spin Master.
Focus Media and FountainVest form $400m sports fund
Outdoor advertising firm Focus will put up half the cash for the fund, which will invest in domestic and foreign sports-focused companies that can serve the Chinese market.
Ant Financial closes $4.5bn series B
Alibaba’s financial services affiliate has raised funding from backers including China Post and China Life as the country’s tech companies continue to close 10-figure rounds.
Telstra helps serve up $8m to Nginx
Nginx, which produces software to operate web servers, has raised a further $8m from investors including Telstra to boost its series B round to $38m.
Zhubaijia boards Chinese public markets
HNA Tourism and Legend-backed holiday home rental portal Zhubaijia has listed on China’s Neeq exchange.
Top corporations target software in venture deals
Of the top 10 companies in BCG’s sample, 57% make CVC investments; 66% use incubators and accelerators (accelerator partnerships account for 27 percentage points); and 41% operate innovation labs.
Tax services firm EY forms internal accelerator
Americas Tax Innovation Foundry will develop technology in-house as well as hooking up with external startups.
Rinse cleans up with $6m series A
On-demand laundry services provider Rinse has welcomed CAA to its investor base, closing a round that increased its total funding to $9.5m.
Bayer plants $10m seed in Israeli agribusiness
The Germany-based firm has teamed with Israel-based Trendlines to form an investment partnership that will back local agricultural technologies startups.