The corporate venturing unit co-led artificial intelligence software provider CognitiveScale’s first public round with VC firm Norwest Venture Partners.
Month: August 2016
HTC selects startups with the Vive X factor
HTC has chosen 33 startups for the first batch for its Vive X Accelerator from some 1,200 applicants, and has revealed SoftBank and Nvidia as backers of its VR alliance.
UniCredit pays entrance fee to $100m Anthemis fund
Financial services firm UniCredit is an anchor investor in the digital fintech venture capital and advisory firm’s first dedicated fund, which has reached a $60m first close.
Skeleton scares up series C funding
Harju Elekter, which previously led ultracapacitor producer Skeleton Technologies’ series B round, returned to take part in a $14.6m round led by FirstFloor Capital.
Cheetah Mobile curates News Republic acquisition
Intel Capital-backed News Republic has been acquired by Cheetah Mobile for $57m, after raising about $9m from backers also including Xange Private Equity and Creathor Venture.
Intel Capital funds three more in Israel
The corporate venturing unit invested $25m to lead early-stage rounds for Velostrata, Sedona Systems and Panoply.io totalling $38.5m.
Corporates to flag down Grab for $600m round
Southeast Asian ride hailing service Grab is set to close the round, co-led by SoftBank and Didi Chuxing, next week and could raise more than $600m.
Big Deal: GSK seeks truth with Alphabet
Three years ago, in August 2013, Global Corporate Venturing’s Big Deal analysis said: “GSK electrifies with first deal” referring to UK-based drugs maker GlaxoSmithKline’s $50m bioelectronics fund, Action Potential Venture Capital (APVC). That deal was for SetPoint Medical, which subsequently raised a $43m series C round last year also including APVC. APVC’s other portfolio companies… Continue reading Big Deal: GSK seeks truth with Alphabet
Salesforce to cement $360m SteelBrick acquisition
SteelBrick had raised almost $78m in less than three years from investors including Salesforce Ventures, whose parent company has now bought the company.
Daimler gets into driver’s seat for Blacklane’s series C
Daimler’s Mobility Services division led the round for lift service Blacklane, the backers of which also include Recruit and Car4you.
Clark notes down series A round
ProSiebenSat.1 and Axel Springer both took stakes in the insurance management platform, making media-for-equity investments as part of a $14.8m round.
YepMe targets $20m to spin out software technology
The online fashion retailer intends to raise between $15m and $20m from external backers to fund the spin out of its inventory management platform.
Konga looks to exit the dancefloor
Konga, a Nigeria-based e-commerce company in which Naspers reportedly holds a 50% stake, has approached prospective buyers for an acquisition in the $35m range.
Healthkart works out $12m series E
Healthkart, owned by Intel-backed Bright Lifecare, has added $12m to its coffers thanks to Sequoia Capital and Kae Capital.