Mobile payment technology provider Citrus Pay is set to be bought for up to $180m in a cash deal that will allow e-commerce companies eContext and Beenos to exit.
Month: August 2016
Jet enters Wal-Mart’s airspace in $3.3bn deal
Wal-Mart has closed the $3.3bn acquisition of e-commerce company Jet.com, providing exits to Alphabet and Alibaba in the process.
Fund in the News: Intel Capital
Marcin Hejka, who oversees Intel Capital’s activity in Greater Europe and India, has spoken to GCV about the unit’s strategic focus.
Beldy steams into $42m fund
Ex-Disney Steamboat partner Dan Beldy’s new VC firm, Powerplant Ventures, has raised $42m for a new fund that aims to invest in emerging plant-centric companies. Beldy, pictured, emailed to say there were “no corporates in this first fund but have a few we are close with”. Separately, Jennifer Yan, who spent more than eight years… Continue reading Beldy steams into $42m fund
Pfizer eats up Bamboo
Pfizer invested in Bamboo in the first quarter and has agreed to pay up to $645m in total to acquire the company, depending on milestones.
Yixin drives into $550m
Bitauto will retain a 47% equity stake in Yixin Capital and will have a majority of voting power at the board upon closings.
News round up 08 August 2016
A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.
Red Canary settles on series A perch
Kyrus, the cybersecurity services company that led Red Canary’s seed round last year, has returned to contribute to a $6.1m round.
Weekly corporate venturing deal net: 1-5 August 2016
US-based online game developer Owlchemy Labs closed $5m in series A funding on Tuesday from smartphone and virtual reality technology provider HTC; Qualcomm Ventures, the corporate venturing arm of mobile chipmaker Qualcomm; Colopl VR Fund, which is run by game publisher Colopl; The VR Fund, Capital Factory and undisclosed entrepreneurs from its home city of… Continue reading Weekly corporate venturing deal net: 1-5 August 2016
Birchbox closes $15m in convertible note round
The Comcast-backed beauty product e-commerce company has received the convertible note financing to hold it over until it becomes cash flow positive.
Accenture takes DynamicAction stake in $15m round
Accenture, which invested through its Accenture Ventures unit, will also be a reseller for the company’s retail analytics software as part of a strategic collaboration agreement.
GE monitors Ornim for $20m in series C funding
General Electric has made its third investment in the blood flow monitoring technology developer, which has reportedly raised $75m since 2012.
Raksul racks up $20m
The online printing services provider has secured funds from backers including Opt and GMO Internet, having previously raised $48m since the start of 2014.
Formlabs shapes $35m series B
Autodesk supplied part of the cash, taking Formlabs’ total funding to $55m, and plans to partner the 3D printing company on software integration and marketing.