Hubert Burda Media has led a series E round for the curated marketplace, which sells items produced by small businesses, taking its total equity funding to about $58m.
Month: August 2016
Net1 catches MobiKwik in $40m deal
Net1 has made a strategic investment in mobile payment firm MobiKwik, pushing the digital wallet provider’s total funding to approximately $120m.
One97 cues up $300m in MediaTek-led round
Paytm owner One97 Communications is set to raise the funding at a $5bn valuation with contributions from MediaTek, Alibaba, Ant Financial and possibly Fosun.
Renard heads west after SanDisk merger
Aymerik Renard has been made director of US-based data storage provider Western Digital’s corporate venturing unit, which has invested over $250m in more than 20 startups under chief strategy officer Mark Long.
Subsector analysis: Rise of Lidar in 3D mapping for autonomous vehicles
Kaloyan Andonov of GCV Analytics, and James Mawson, Global Corporate Venturing’s founder and editor-in-chief, review the latest deals for a core subsector within cars.
News roundup 30 August 2016
A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.
Corporate venturing deal net: 22-26 August 2016
XL Innovate, the venture capital arm of insurance firm XL Catlin, made a “significant investment” in Lemonade, a US-based startup that claims it is set to be the world’s first peer-to-peer insurance carrier, on Tuesday. Lemonade raised $13m in a December 2015 seed round that included venture capital firm Sequoia Capital and VC fund Aleph.… Continue reading Corporate venturing deal net: 22-26 August 2016
BlueTalon hooks $16m in series A round
Bloomberg Beta reinvested in the data protection software provider’s latest round, having been a participant in a $5m round in February 2015.
Clouse comes to the table for Snapdeal funding
The e-commerce company, backed by BCC, Alibaba, Intel and eBay, has raised $21m from Clouse as it gears up for an advertising blitz, adding to $200m secured in Feburary.
One97 to spin out Paytm with new funding
E-commerce firm One97 Communications is separating from its Paytm subsidiary, which is set to raise funding from investors including existing backer Alibaba.
Aviva launches Plug and Play partnership
The insurance provider has joined forces with accelerator Plug and Play to create a scheme aimed at insurance technology as part of its Digital First strategy.
Ebaoyang parks $22.5m in new funding
Car maintenance platform Ebaoyang has now secured $47.5m in total, after closing a series C round led by existing investor Kunlun Technology.
Beijing Gene+ passes series A test with $30m
Beijing Gene+ Technology raised the cash in a round, reportedly the largest closed by a precision medicine company in China, led by genome sequencing firm BGI.
Novan hits nitro for $60m IPO
The nitric-oxide skin therapeutics developer will use the proceeds to fund late-stage clinical trials for acne, skin infection and fungal infection treatments.