KPMG in Singapore, the local subsidiary of Netherlands-based professional services conglomerate KPMG, has launched an incubator called Digital Village. Digital Village aims to mentor startups and corporates from an initial idea through to the commercialisation of products that can solve a particular challenge. The first corporate participant is life insurance provider AIA Group. KPMG hopes… Continue reading KPMG to house startups in Digital Village
Month: April 2016
Corporate-backed Domo begins IPO preparations
The business analytics technology provider, which has raised $590m from investors including Salesforce and WPP, is working with banks to ready itself for an offering.
Livongo extends funding with $44.5m
Chronic disorder management platform Livongo Health has attracted Blue Cross Blue Shield of Massachusetts, Merck and Wanxiang America Corporation for its series C round.
Regeneron pledges $75m for IPO candidate Intellia
Intellia Therapeutics, which has raised $85m in under 18 months from backers including Novartis, has signed a collaboration agreement with Regeneron and filed for a $120m IPO.
Kala eyes $68m series C
The round featured corporate-backed venture firm Lux Capital and will support completion of phase 3 trials for a treatment aimed at dry eye disease.
Alibaba delivers $1.25bn to Ele.me
Alibaba itself invested $900m and its financial services affiliate Ant Financial $350m, with the companies also agreeing a strategic collaboration.
90 Seconds finds the right time to raise $7.5m
The Opt-backed video production and collaboration platform has raised series A financing from backers including New Zealand-based Sky TV.
Plug and Play welcomes corporate partners
Bank of the West and BNP Paribas will act as corporate partners for accelerator Plug and Play’s Financial Technology Innovation Platform.
MyGlamm attracts L’Occitane for $6m round
Beauty product maker L’Occitane has led a round for the on-demand beauty services marketplace that also included Times Group subsidiary Brand Capital.
Blis locates Unilever in $25m series B
Unilever Ventures was among the investors as UK-based location-based adtech company Blis raised capital that will support an expansion into the US.
RideCell mobilises BMW in $11.7m round
BMW’s corporate venturing unit led mobility software developer RideCell’s series A round, which will be used to expand its customer base.
Stat-Diagnostica gets $28.5m series C result
Boehringer Ingelheim returned to reinvest in the in-vitro diagnostics technology company, taking its overall funding to more than $50m as it gears up to release its product.
Diyi Chedai rides to $33.5m
The vehicle financing provider has followed a BAIC-backed series A round last year with $33.5m of series A+ funding from China Growth Capital and Matrix Partners.
Jaguar Land Rover gets InMotion
The car manufacturer has launched an incubator called InMotion that will focus on app development and services around on-demand travel.