IDG’s Indian venture capital affiliate hopes to reach a $200m final close this year, and intends to use the money to invest at later stages.
Month: May 2016
PSA unpacks $15m investment unit
PSA International has established an incubator and corporate venturing subsidiary called PSA Unboxed with an initial $15m in funding.
BigCommerce enlarges funding by $30m
Existing shareholders including Softbank, Telstra and American Express returned to back the e-commerce platform’s $30m series E round, which was led by GGV Capital.
Taiho launches $50m CVC arm
Japanese pharmaceutical company Taiho Pharmaceutical has formed a corporate venturing subsidiary in California to invest in oncology startups.
Seed Capital closes third fund at $125m
Novo joined limited partners including pension funds and private equity firms as the Denmark-based venture firm reached the final close of its latest fund.
Bangkok Bank ponders venture capital vehicle
The Thailand-based financial services firm has put aside $57m for startup funding but has not decided whether it will invest through a dedicated unit.
Reno Sub Systems manufactures $14m series B
MKS Instruments led the round, providing $9.3m, while Intel Capital returned to reinvest in Reno, almost 18 months after taking part in its series A.
Simplee proves straightforward investment for Amex
Healthcare expenses tool Simplee has attracted American Express to a $20m series C round that almost doubled its total funding to $38m.
Swisscom calls up Schlaepfer for investment director role
Alexander Schlaepfer is leaving power and automation corporate venturing platform Aster Capital to join telecommunications group Swisscom’s CVC unit.
Kuang-Chi makes Israeli pilgrimage for $300m fund
The technology conglomerate has pledged an initial $50m for the Israel and China-based Kuang-Chi GCI Fund & Incubator but could grow it to $300m by 2019.
GV and Intel reach CoreOS for series B
GV, which previously took part in in the enterprise software developer’s 2015 series A round, has joined Intel Capital for a $28m series B.
HP sources new fund
The formation of HP Tech Ventures formalises the split between HP and Hewlett Packard Enterprise’s corporate venturing activities.
Hyperloop accelerates to $80m series B
GE and SNCF have participated in a series B round for vacuum tube-based transportation system developer Hyperloop One, previously known as Hyperloop Technologies.
Naspers enters Silicon Valley with dedicated CVC unit
Naspers Ventures will look to link the US with Naspers’ international reach, and has also led social learning company Brainly’s $15m series B round.