Samsung made its second investment in the autonomous car software developer, taking part in a series A round that also included the Singaporean government.
Month: May 2016
GCV Symposium 2016: CVC Legacy & The Changing Of The Guard at IBM Venture Capital
Claudia Fan Munce, chairman of GCV Leadership Society and head of IBM Venture Capital until January this year, told the conference how much more mainstream corporate venturing has become in the past 15 years.
Snapchat looks to access another $200m
The messaging platform, backed by Alibaba, Tencent and Yahoo in the past, is raising new funding at a valuation of up to $22.7bn.
Two Intel Capital vice-presidents depart
“I have accepted a new job as a managing partner with a Sand Hill Road based private venture capital firm. May 20th is my last day at Intel Capital.”
Data Republic elects corporates to fund series A round
Australia-based data exchange platform Data Republic has raised $7.6m in a round featuring domestic corporates Qantas, Westpac and National Australia Bank.
Tink conjures up $10m
SEB and ABN Amro made strategic investments as part of the personal finances app developer’s series B round, which will fund the next iteration of its product.
Health startups to flourish with GE Ventures
Startup Health Academy and GE Ventures have selected the first three startups for the second cohort of their digital health incubator.
Twitter puts $10m into Betaworks venture
Twitter is investing ‘at least $10m’ in the latest fund to be raised by Betaworks, an early investor in two companies it has acquired in the past.
Founders Factory manufactures Aviva partnership
Founders Factory will build and develop more than 200 startups over five years, with Aviva supporting seven companies each year through 2021.
Ingrasys helps supply $15m to DriveScale
US-based data centre technology developer DriveScale emerged out of stealth mode on Tuesday with a $15m series A round backed by computing company Ingrasys, a subsidiary of contract manufacturing company Foxconn. Pelion Venture Partners and Nautilus Venture Partners also invested in the round. Ingrasys’ investment comes as part of a hardware equipment supplier agreement with… Continue reading Ingrasys helps supply $15m to DriveScale
General Mills to help scale Kite Hill
Kite Hill, the producer of a range of vegan dairy substitutes, has closed an $18m round co-led by General Mills’ 301 unit and plans to expand distribution and marketing.
Weidai parks $153m in series C funding
Weidai, a Hakim-backed peer-to-peer lending service that uses vehicles as collateral, has secured funding from investors including Dong Yi Ri Sheng Home Decoration.
News roundup 23 May 2016
A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.
Dairanieh becomes Global CO2 Initiative CEO
Issam Dairanieh has taken the chief executive position Global CO2 Initiative, shortly after leaving BP Ventures after five years as managing director.