Siemens has exited internet-of-things cybersecurity technology producer Wurldtech through an acquisition by General Electric.
Month: July 2016
IDG Capital captures $1bn for its latest fund
The China-based, corporate affiliated firm closed IDG Capital Fund III in partnership with US venture firm Breyer Capital and follows a $586m fund two years ago.
Codeacademy enlists Naspers for $30m series C
Naspers has led the online coding school’s latest round, bringing its overall funding to more than $42m and enabling it to expand internationally.
CryoTherapeutics stores $5.7m
CryoTherapeutics, a Germany-based developer of treatments for cardiovascular disease, has attracted €5.2m ($5.7m) in series B capital from a consortium featuring public-private investment partnership High-Tech Gruenderfonds (HTGF). The round was led by Creathor Venture, a venture capital firm backed by various vehicles of the European Investment Fund, part of multilateral of financial institution EIB Group.… Continue reading CryoTherapeutics stores $5.7m
Mavcap seeks corporates to help form three new funds
The Malaysian government-owned venture firm plans to raise $250m for three new technology funds and will look to collaborate with local and international corporates.
Juzi Entertainment puts on $10m show
Qihoo 360 Technology has backed a $10m series B+ round for the media content producer that adds to an earlier $15m series B round in January.
Yandex exits SalesPredict in eBay acquisition
Big data-equipped retail analysis technology developer SalesPredict will be absorbed into eBay in a deal that will allow series A investor Yandex to exit.
Salesforce finds Universal Avenue for $10m series A
Existing shareholders including Salesforce Ventures have joined Eight Roads Ventures for a $10m investment in the on-demand sales staff recruitment platform.
Cornerjob recruits Azteca for $25m series B
Media company Azteca provided $5m in an ad-for-equity deal for Cornerjob, following the job listings platform’s similar agreements with Mediaset and TF1.
ZTO repares to package $2bn IPO
ZTO, part of the Alibaba-affiliated Cainiao smart logistics network, intends to float in the US from autumn 2016 and is targeting between $1bn and $2bn.
Russian startup VisionLabs raises $5.5m from Sistema VC
Sistema’s corporate venturing fund has paid $5.5m for a 25% stake in the facial recognition, data and robotics technology developer.
News round up 11 July 2016
A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.
Paktor packs in $10m
YJ Capital and Media Nusantara Citra participated in the social dating company’s latest round as new investors, bringing its overall funding to just over $20m.
Voonik fashions $20m series B round
Fashion e-commerce company Voonik Technologies has secured $20m in a round featuring Times Internet and Beenos.