The Sanofi-backed immunotherapy company has raised $117m since it was founded in 2007, and plans to use he proceeds to advance its lead drug into phase 2 trials.
Month: May 2016
Toyota hails Uber for partnership
Toyota has made its bet on the ride hailing market with a stake purchase in Uber and the announcement of a partnership that will let drivers lease cars.
Alibaba and Ant Financial ready $400m Didi Chuxing investment
Existing investor Alibaba is reportedly set to join financial services affiliate Ant Financial to reinvest in Didi Chuxing, likely as part of a $3bn round.
Victorious wins over investors for $25m round
Victorious, which develops apps to help content creators build a fanbase, has added Dentsu to its list of investors that already features WME and Bertelsmann.
ProSiebenSat.1 puts spotlight on Stylight
The media company, which already held a 22% stake in fashion platform Stylight, has agreed to buy the remaining 78%, giving an exit to Tengelmann Ventures and Holtzbrinck Ventures.
Corporates take $23m to Newark
Audible, Dun & Bradstreet, Prudential and Fidelco Realty all contributed to the $23m first close of Newark Venture Partners, founded by Audible CEO Tom Katz.
GCV Symposium 2016: Looking Beyond Equity – Venture Debt’s Promise And Attributes
Venture debt is still a small part of the venture capital market in Asia and has plenty of room to grow, Ajay Hattangdi of India-based venture debt firm InnoVen Capital said on the sidelines of the Global Corporate Venturing Symposium today. Venture debt consists of any form of debt financing provided to a company that… Continue reading GCV Symposium 2016: Looking Beyond Equity – Venture Debt’s Promise And Attributes
GCV Symposium 2016: Wednesday Keynote
Philips Lighting’s Erik Vermeulen made a case for taking the corporate out of corporate venturing and instead focusing on the creation of an ecosystem based on seven strategies.
Joyoung helps feed $117m to Benlai Life
Online fresh produce seller Benlai Life has closed $117m in funding, $30m of which came from kitchen appliance producer Joyoung in December 2015.
Lambert finds new home at Westly Group
Lisa Lambert, a vice-president at Intel Capital until last week and #1 on GCV’s January Rising Stars list, has taken a managing partner position at venture firm Westly Group.
Volkswagen mobilises $300m for Gett
Volkswagen has become the latest carmaker to invest in on-demand mobility, providing $300m for ride hailing technology provider Gett.
GCV Symposium 2016: Impact Through Venturing
Sir Michael Barber and Katelyn Donnelly from Pearson Affordable Learning Fund shared lessons and insights from investing in for-profit startups in the developing world.
GCV Symposium 2016: Sector in the Spotlight: Advanced Materials
Tom Whitehouse, chairman of LEIF, invited questions from the audience for a panel made up of investors in the advanced materials space.
GCV Symposium 2016: Creating New Value Through Corporate Venturing In Increasingly Disruptive Times
Mark Bidwell, alliance partner at Clareo, moderated a panel in which Thomas Birr, Bruce Dines and Lana Glazman described how their businesses are responding to disruptive changes in their industries.