Over the first quarter of 2016, we at GCV Analytics have tracked 423 deals worth more than $18.9bn, up 15% in value vis-à-vis the first quarter of the previous year, estimated at $16.3bn. The quarter’s totals compare also very favourably with those of the previous one (the last three months of 2015), when an… Continue reading North America and Asia Dominate Q1
Month: April 2016
IDG returns to NestAway for $30m series C
IDG was one of the accommodation rental platform’s seed investors, and has come back to co-lead its latest round, which will go to growth and technology development.
Public markets lose sight of GenSight IPO
Eye disease therapy developer GenSight Biologics, which had raised almost $78m from investors including Novartis, has withdrawn an IPO expected to raise up to $70m.
Hearst and Verizon make Complex acquisition
The corporates have jointly acquired online media brand Complex, which counted Hearst and Iconix among its investors, for between $250m and $300m.
Saudi Aramco constructs $10m NanoMech investment
The oil and gas company’s corporate venturing unit has supplied $10m in series C funding to nanotechnology-equipped industrial product developer NanoMech.
Gree forms $12m virtual reality fund
The social media company’s GVR Fund features Colopl and Mixi as limited partners, and will invest in virtual, augmented and mixed reality technology startups.
CloudEndure recovers a further $6m
The data recovery and migration company has increased the size of a series B round co-led by Infosys to $13m and its overall funding to more than $18m.
Curated knowledge provider EdCast raises $16m
SoftBank returned for the daily contextual insight service’s second funding round, which was led by GE Asset Management, lifting its total funding to $22m.
Proteus raises $50m from new wave of funding
The digital health developer has now raised some $350m from investors including Novartis, Otsuka, Oracle, Medtronic, St Jude’s Medical, Kaiser Permanente and ON.
Corporates blood Imara with $31m
Spun out of orphan drug accelerator Cydan Development, Imara will seek to develop a sickle cell disease treatment licensed from investor Lundbeck.
Big Deal: Alibaba plunges $1.25bn into Ele.me
Alibaba’s ten-figure investments in Ele.me and Lazada last week could signify the ramping up of an investment strategy that has already dramatically grown the e-commerce group’s offering.
Renren Kuaidi runs to $50m series B
Delivery service Renren Kuaidi previously secured $15m in a Tencent-led series A round, though the China-based investor in its latest round has not been disclosed.
JD.com ties into Dada Nexus in $200m deal
JD.com has invested $200m in logistics provider Dada Nexus and will merge its own delivery service JD Daojia into the new portfolio company.
News round up 18 April 2016
A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.