Online budget hotel booking platform FabHotels has added series A funding to a seed round closed a year ago, Qualcomm having invested in both.
Month: June 2016
GlobalTranz sends off 10-4 Systems with $13.9m
Logistics service GlobalTranz has spun out its freight tracking technology developer 10-4 Systems, with GlobalTranz co-founder Andrew Leto leading its series A round.
Inifinity goes beyond with $75m for third fund
Infinity Venture Partners’ third fund, backed by Recruit, Orso, Sammy Networks, Mixi and United, has reached $75m with help from the Taiwanese government.
Danone’s CVC unit lines up Michel et Augustin investment
Danone Manifesto Ventures is set to make its first investment, entering talks with food brand Michel et Augustin, reportedly to acquire a stake of up to 40%.
Naspers goes Movile again in $40m series F
Naspers made its fifth investment in the mobile commerce company, which has just invested $4m in online ticketing platform Sympia.
Syros activates $50m IPO
The WuXi PharmaTech-backed genomic medicine developer floated below its range, after raising $125m in venture capital.
Sungevity goes public through Easterly merger
The solar installation company, which has raised $210m from backers including GE, Lowe’s, E.ON and Solon, will merge with listed special purpose vehicle Easterly Acquisition Corp.
Harvey leaves Merrill to set up CVC at Octo
Insurance telematics technology provider Octo Telematics is setting up a corporate venturing unit with Paul Harvey, who has joined from Bank of America.
Inagawa replaces Akimoto at NTT
Takayuki Inagawa will replace Nobuyuki Akimoto as head of NTT Docomo Ventures, the corporate venturing unit of Japan-based phone operator NTT, from the start of July. Akimoto, one of GCV Rising Stars 2016 – pictured speaking at the Global Corporate Venturing Symposium last month (on left, with Matthew Koertge from Telstra Ventures), said by email:… Continue reading Inagawa replaces Akimoto at NTT
AMP backs Employment Hero
Employment Hero, an Australia-based human resources (HR) startup, has raised A$3m ($2.2m) from a consortium including corporate venturing unit AMP New Ventures to launch its cloud-based employee management platform in the UK by the end of the year. The round was led by venture capital firm OneVentures. Instead of focusing on a subscription model, the… Continue reading AMP backs Employment Hero
HTC launches 28-strong VR funding initiative
Virtual Reality Venture Capital Alliance is helmed by HTC Vive and made up of 28 partners including Colopl and Legend Holdings with a total of $10bn in deployable capital.
Teo goes from Comcast to B Capital
Comcast Ventures prinicpal Gavin Teo has taken a partnership position at Boston Consulting Group-sponsored venture capital firm B Capital Group.
MisterFly takes off with $22m
E-commerce firm and existing investor Vente-Privee has returned to take part in another funding round for online flight booking startup MisterFly.
Line shoots for $1.1bn in IPO
The messaging service has set its range at $26.50 to $31.50 per share, potentially raising $1.1bn when it floats in Tokyo and New York next month.