However, ahead of a keynote at the Global Corporate Venturing/DLA Piper Corporate Venture Capital Strategy Seminar in Tokyo, Japan, Sodhani said Silver Trail would invest globally, particularly in the US, Israel and Asia, and across sectors and had lined up some former colleagues to join him.
Month: April 2016
Tang to invest from Draper’s $190m fund
Andrew Tang, previously the head of ABB Technology Ventures for some five years, is an investment director at Draper Associates, which has raised $190m for its latest fund.
GE and Mayo Clinic draw up Vitruvian plan
Vitruvian Networks has been formed by GE Ventures and Mayo Clinic to develop a gene therapy software and manufacturing platform.
Weekly corporate venturing deal net: 11-15 April 2016
Germany-based biopharmaceutical startup Thermosome has closed €4.6m ($5.2m) in financing, including €1.9m from funds managed by corporate-backed venture capital fund High-Tech Gruenderfonds and Bayern Kapital. The other €2.7m came in the form of grant funding from government agency German Federal Ministry of Education and Research that will be provided over a three-year period. Keranova, a… Continue reading Weekly corporate venturing deal net: 11-15 April 2016
Medtronic lights up Fire1 series B
Medical device startup Foundry Innovation & Research, also known as Fire1, has secured $7.5m in a round backed by existing investor Medtronic.
Backplane goes down after $19m of funding
The Lady Gaga-affiliated social networking company has shut down and sold its assets after raising money from investors including GV, Advance, Coca-Cola and Cirque du Soleil.
Tongdun engineers $32m series B+
IDG Capital has participated in a funding round for technology company Tongdun, which uses big data to provide anti-theft and anti-fraud services.
Okamoto takes other CEO role at Recruit
Akihiko Okamoto, head of human resources provider Recruit’s corporate venturing unit Recruit Strategic Partners since 2011, has been appointed corporate executive officer.
Quartet Health pitches $40m series B
GV has led a $40m funding round for Quartet Health, the operator of a platform that helps users manage and understand their medical conditions.
Poshmark kits out $25m round
The social shopping platform has now raised in excess of $70m altogether, having completed a second successive $25m round featuring Shea Ventures.
Reflexion guides $46m into series B
Pfizer, which previously backed Reflexion’s $11.6m series A round in 2014, has returned to increase its commitment in the medical device manufacturer.
Illumina commits $100m to branded venture firm
The genomics technology company will act as majority limited partner for the independently managed Illumina Ventures, providing the cash over a 10-year period.
Qualcomm likes the odds for Even investment
Salary management app developer Even has raised $9m in a Qualcomm Ventures-backed round that will support product development and hiring.
KDDI acquires portfolio company AppBroadcast
AppBroadcast, the owner of several gaming services apps, raised an undisclosed amount in a KDDI-backed round two years ago.