The consumer electronics group has invested $10m in the wine tracking and e-commerce platform, which raised funds from Balintimes Media in September 2015.
Month: August 2016
Snapchat to buy a Vurb for $110m
Vurb, a contextualised search app that had raised $10m from backers including Tencent, is set to be acquired by Snapchat in a 75-25 stock-cash deal.
Meet You networks its way to $151m
Xiamen Information Technology, the SIG-backed creator of women’s social media platform Meet You, raised the money as it prepares for an initial public offering.
Hike picks up pace with $175m
Foxconn and Tencent joined existing investors SoftBank, Bharti Enterprises and Tiger Global for a series D round that valued the messaging service at $1.4bn.
Douyu TV levels up with $227m series C
The game livestreaming platform raised the cash in a round co-led by strategic partner Tencent, the investor that co-led its $100m series B just five months ago.
Firefly lands on $10m
GuangZhou WinHi-backed mobile game publisher Firefly Games has closed a second funding round, which was led by China Construction Bank.
Touzhijia banks $12m in series A capital
Yingcan-affiliated online lending platform Touzhijia.com has taken its overall funding to $17m with a series A round led by CDF Capital.
ONGC to drill into startups with $15m fund
Indian state-owned petroleum producer Oil and Natural Gas Corporation will invest in innovative seed-stage startups and also provide mentoring and resources.
Essex Woodlands stretches to $15m Metabolon investment
Precision medicine developer Metabolon has now raised $80m since 2000, and its earlier investors include Sumitomo and Syngenta.
GM gets Lyft offer turned down
GM reportedly approached Lyft, in which it holds a 9% stake, over an acquisition in recent weeks only to be rejected by the ride ordering platform, valued at $5.5bn in January.
Pindrop dials up series C to $80m
The phone fraud prevention company has increased the size of the round, already featuring Google Capital, GV and Citi Ventures, to $80.8m.
Corporates release funding to STX Entertainment
Film and TV studio STX has signed content distribution agreements with new investors Tencent and PCCW in conjunction with the round, which reportedly values it at $1.5bn.
Big Deal: Turner climbs on to Refinery29
Turner’s strategic investment as part of a $45m round for Refinery29 is part of an ongoing trend that likely spells the end for what we think of as ‘old media’.
News round up 15 August 2016
A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.