Deborah Hopkins, US-listed bank Citi’s chief innovation officer and CEO of Citi Ventures, its corporate venturing unit, will retire at the end of the year. Hopkins founded and built Citi Ventures and is part of the succession planning being currently carried out. She is expected to establish her own advisory firm, increase her board service and lend… Continue reading Citi’s Hopkins to retire this year
Month: June 2016
OneLogin moors itself in Portadi
OneLogin has bought cloud app management software developer Portadi for an undisclosed amount, a year after it graduated from Microsoft Ventures Accelerator.
FinLeap reaches new heights with Hannover Re backing
The reinsurance firm has taken part in a $23.6m round for fintech company builder FinLeap that was closed at a $136m post-money valuation.
High-Tech Gründerfonds launches $338m fund
Germany’s Federal Ministry for Economic Affairs and Energy last week launched fundraising efforts for High-Tech Gründerfonds (HTGF) III with a target size of €300m ($338m). HTGF is a public-private seed-stage venture capital fund that counts the ministry as its cornerstone investor. It was established in 2005 and focuses on domestic startups less than a year… Continue reading High-Tech Gründerfonds launches $338m fund
Corporates go Meta in $50m series B
Meta, an AR technology company already backed by BOE Optoelectronics, has added Comcast, Tencent, Lenovo and GQY to its list of shareholders.
China Online Education writes final IPO script
The Duowan Entertainment-backed English language learning platform has raised $45.6m in a US initial public offering and will secure another $20m through a private placement.
Corporates help cart $5.3m to Carro
Singapore-based car marketplace Carro has raised $5.3m in a series A round that included telecommunications firm Singapore Telecommunications and internet company GMO, Tech in Asia reported today. The round was led by Venturra Capital, a venture capital firm backed by conglomerate Lippo, and also featured Golden Gate Ventures, Alpha JWC Ventures and Skystar Capital. SingTel… Continue reading Corporates help cart $5.3m to Carro
Hengxin makes $23m in funding a reality for VRC
Hengxin Mobile Business has provided capital for Virtual Reality Company as part of an agreement that will give it exclusive distribution rights for its content in China.
China Life transfers $600m to Didi Chuxing
The insurance firm, also an investor in Uber, has supplied $300 in equity and $305m in debt financing for the ride hailing company, which has now raised $3.5bn in its latest round.
Global Venturing Review of the week’s highlights
Cisco is the main news of the past week but there’s been plenty of fund launches and deals struck.
News round up 13 June 2016
A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.
Weekly corporate venturing deal net: 6 – 10 June 2016
Digital Currency Group, the cryptocurrency holding firm backed by a range of corporates including insurance provider New York Life and payment services firm Mastercard, has backed a $1.5m seed round for US-based blockchain platform Mediachain. The round also featured Union Square Ventures, Andreessen Horowitz, RRE Ventures, LDV Capital and assorted angel investors. US-based blockchain technology… Continue reading Weekly corporate venturing deal net: 6 – 10 June 2016
Microsoft Accelerator partners Temasek
US-based software company Microsoft has announced a partnership with Singapore’s sovereign wealth fund Temasek to support startups through the Microsoft Accelerator program. The startups will join the program in one of four hubs, located in Seattle, Berlin, Tel Aviv and Bangalore. Temasek’s portfolio companies joining the program as partners are real-estate businesses Capitaland and Ascendas,… Continue reading Microsoft Accelerator partners Temasek
Comcast serves cash to Bento for Business
Comcast Ventures has led a $7m series A round for the employee expense management platform.