The internet services provider has paid an undisclosed sum to buy MassiveImpact, a mobile advertising company backed by SoftBank, SingTel and Cloudian.
Month: August 2016
Rakuten takes more than a bit of Bitnet
Rakuten, which had previously taken part in a $14.5m series A round for payment platform Bitnet, has acquired the company for an undisclosed sum.
Torrent floods Puro Wellness with $37m
Nutritional ingredient developer Puro, launched last month by an ex-Torrent executive, has received $37m in funding from the conglomerate.
Fund in the News: DigiTx Partners
The digital health fund, launched by Astellas Pharma and MPM Capital late last month, will initially look to invest up to $6m in two to three deals per year.
Meitu aims to snap billion-dollar IPO selfie
The Foxconn and Sina Weibo-backed company, which develops apps that let users edit photos, is targeting up to $1bn in an offering on the Hong Kong stock exchange.
Daling takes $45m in series C round
IDG Capital Partners has returned to back a series C round for Daling that will help the mobile e-commerce company improve customer experience.
R/GA invites startups to its studio
R/GA Ventures and Interpublic have launched an initiative called R/GA Marketing Tech Venture Studio aimed at startups exploiting AI and machine learning technologies.
GM Ventures ‘not yet’ replaced Europe’s Loncar
General Motors’ corporate venturing unit has not replaced European representative Jerneja Loncar, now an entrepreneur-in-residence at GM Entrepreneurs, in lieu of focusing on China, Israel and the US.
Prudential shutters seed venture investing
Prudential Retirement, a business unit of New York-listed financial services conglomerate Prudential Financial, has closed its seed stage-focused corporate venturing group, Gibraltar Ventures. Most of the Gibraltar team, however, including managing director George Castineiras, are being “repositioned” inside Prudential as they help the company build a new innovation strategy around designing, acquiring and partnering with… Continue reading Prudential shutters seed venture investing
News round up 22 August 2016
A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.
Corporate venturing Deal Net: 15-19 August 2016
Chinese state-owned postal service China Post invested an undisclosed amount in China-based ride ordering platform Didi Chuxing on Tuesday as part of a strategic partnership agreement. Other corporate shareholders in Didi Chuxing, a $35bn company as of three weeks ago, include Uber, Apple, Tencent, Alibaba, China Life Insurance, SoftBank, Poly Group, Baidu and Ping An… Continue reading Corporate venturing Deal Net: 15-19 August 2016
Tekpea connects to EPM for funding
FCP Innovacion, the corporate venturing vehicle for Colombia-headquartered public utilities company Empresas Públicas de Medellín (EPM), provided an undisclosed amount of funding for US-based internet of things (IoT) technology developer Tekpea yesterday. Founded in 2010, Tekpea provides an end-to-end platform that essentially makes unconnected devices cloud-ready, allowing them to be centrally controlled and automated, and… Continue reading Tekpea connects to EPM for funding
Uber and Digi to experiment with Malaysian ideation lab
The corporates are collaborating with the Malaysian government’s MaGIC initiative to help local startups learn about product, customers and marketing.
Heap to get bigger with $11m series A
Analytics platform developer Heap, backed by Salesforce and WME at seed stage, will use the capital to improve its product and grow its team.