US-based biotechnology company Purigen Biosystems closed an $18.2m series A round on Tuesday backed by Roche Venture Fund, the corporate venturing unit of pharmaceutical firm Roche. The round also featured Stanford University’s StartX Fund, which backs companies with a connection to the institution, 5AM Ventures and Western Investments Capital. Founded in 2012, Purigen is developing… Continue reading Purigen samples series A funding
Month: May 2016
E.Ventures closes $150m early-stage fund
The venture capital firm, in which Otto Group is a major investor, will operate the fund together with a $290m growth-stage fund.
Kinzon Capital lets go of three managers
Fosun-backed venture capital firm Kinzon Capital has lost three members of its upper management team as it prepares to launch a fund aimed at Southeast Asia.
EduPristine cleans up with $10m
US-based DeVry joined Kaizen Management for the education provider’s latest round, allowing earlier investor Accel to exit.
Emerald holds prospect of riches for Caterpillar
Caterpillar’s corporate venturing unit has committed capital to the latest fund to be raised by Emerald Technology Ventures, with due diligence being carried out on other potential investors.
Intel sells half its stake in Intrasoft
Intrasoft Technologies received funding from Intel Capital in 2007, and the corporate venturing unit has now sold a 5.1% stake in the listed company.
AtScale tips to Comcast for $11m series B
Business intelligence platform creator AtScale has added Comcast Ventures to an investor base already containing UMC, taking its overall funding to $20m in the process.
NRF to match $29m of corporate venturing investment
Four Singapore-based companies – real estate company CapitaLand, data centre provider DeClout, agribusiness Wilmar and logistics provider YCH Group – have been awarded S$40m ($29.2m) to back local startups, Tech in Asia reported yesterday. The money came from National Research Foundation (NRF), a Singaporean government department that supports domestic R&D activities, and is split equally… Continue reading NRF to match $29m of corporate venturing investment
Viridity re-energises with $8.5m
The energy storage and management technology provider, which counts Intel and Mitsui as investors, has secured another $8.5m.
Corporates experiment with AbbaLab investment
Internet-of-things incubator AbbaLab has closed $13.7m in capital from corporates Foxconn, Sojitz and Sakura Internet for a dedicated fund.
Q4 publishes $22m funding results
Canada-based investor relations software provider Q4 closed a $22m series B round yesterday co-led by enterprise software producer OpenText, venture capital fund Information Venture Partners and private equity firm HarvourVest Partners. OpenText invested through its Enterprise Apps Fund, the backers of which also include fund of funds Teralys Capital and government-owned development agency Business Development… Continue reading Q4 publishes $22m funding results
Keep flexes fundraising muscles with $32m
The fitness app has attracted investors including Bertelsmann Asia Investment to a series C round that will support the introduction of new features.
Foxconn enters CloudMinds through $30m seed round
CloudMinds, a startup developing intelligent, connected robots, has raised $30m in an early-stage round backed by the contract electronics manufacturer.
Tantan accepts $32m funding proposal
The Bertelsmann-backed dating app developer aims to reach 10 million users by the end of the year, having completed a series C round that boosted its overall funding to $50m.