The luxury goods provider’s L Capital Asia unit is taking a 7% stake in the Korea-based cosmetics brand, with Groupe Arnault also set to invest.
Month: July 2016
Weekly corporate venturing deal net: 18-22 July 2016
A subsidiary of state-owned conglomerate China Resources Holdings has invested an undisclosed sum in China-based local services platform China Internet Plus as part of the formation of a strategic partnership, China Money Network reported on Monday. China Internet Plus, formed by the merger of Meituan and Dianping in 2015, had previously raised $5.9bn in total,… Continue reading Weekly corporate venturing deal net: 18-22 July 2016
News roundup 25 July 2016
A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.
Expedia comes over to buy Trover
Concur exited the online travel community three years after it led a $2.5m round through its Perfect Trip Fund.
Baobao broadcasts $15m in funding
Tencent took part in the livestreaming platform’s series B+ round, investing together with GGV Capital, Shunwei Capital and Meridian Capital China.
Intel tracks exit in $67m Impinj IPO
The item tracking technology producer, which has also received funding from UPS and Unilever in the past, floated at the top of its range.
Omise unifies Sinar Mas and Ascend for $17.5m
The payment services provider hopes to expand across Southeast Asia following its series B round, which featured SBI, Sinar Mas and Ascend Group.
Merck and Amgen get Akili Interactive
Akili Interactive Labs has raised $11.9m in an extension from Merck Group and Amgen, raising the round’s total to $42.4m.
Ant Financial pops up as M-Daq investor
Details about Ant Financial’s backing, unveiled today, remain scarce but it was likely part of the $87m series C round M-Daq closed in November 2015.
Global Fashion Group cuts its cloth with $363m
The Tengelmann and Access Industries-backed Global Fashion Group has raised the money from Rocket Internet, its RICP fund and Kinnevik in a down round at a $1.1bn valuation.
UCar drives itself to IPO at $5.5bn valuation
Alibaba and Legend Holdings have achieved exits as the chauffeured lift service, spun out of CAR 18 months ago, floated in China.
Park24 to move capital to corporate venturing
The car park and car sharing service has put up an initial $4m for a strategic investment fund expected to eventually reach $30m in size.
Santander takes Socure stake
Digital identity verification company Socure has received an undisclosed amount in a strategic investment from the bank’s Santander InnoVentures unit.
Slack Fund communicates investments in 11 startups
Launched in December with $80m, Slack Fund has now invested a total of nearly $2m in 14 early-stage companies which have raised a total of $30m between them.