Diamond Generating Corporation, a power generation subsidiary of diversified conglomerate Mitsubishi Corporation, invested an undisclosed amount in US-based distributed solar energy developer Nexamp on Tuesday. Founded in 2007, Nexamp raised $6.5m in a 2010 round featuring Point Judith Capital and Good Energies, and closed $4m in additional equity funding in March this year, according to… Continue reading Corporate venturing deal net: 8-12 August 2016
Month: August 2016
Mantis catches BCC for $7m series B
Mantis, the operator of bus ticket platform Travelyaari, has taken its 2016 funding to $10m and will spend the cash on product and network development.
Varentec closes 3M-backed series C
The grid control technology producer has closed a round that had reached $13m in November, and which had been expected to reach $20m.
Skelly takes SVP role at Citi Ventures
Citi’s strategic investment subsidiary has hired Travis Skelly from venture capital fund FinTech Collective as a senior vice-president.
Refinery29 hooks up with Turner in $45m round
Turner will bring digital media company Refinery29’s video content to TV as part of a round that also included existing investor Scripps Networks Interactive.
Protagonist emerges with $90m in IPO
Johnson & Johnson, Eli Lilly and Pharmstandard exited the IBD treatment developer through an initial public offering that could eventually reach $103m in size.
AstraZeneca targets Moderna medicine with $140m investment
The pharmaceutical company has boosted its stake in mRNA drug developer and strategic partner Moderna to 9%, lifting Moderna’s overall funding to at least $790m.
Shea goes FullContact in $25m round
JF Shea joined the contact management platform’s investor base in a round that doubled its overall funding to $50m since 2010.
MiningLamp shows way to $30m series B
The big data software-as-a-service provider raised the funding from backers including Surfilter Network Technology, and will invest in R&D and new applications.
Off Grid Electric recharges with $18m
The SolarCity-backed solar energy installer has raised $10m in equity funding from Helios Investment Partners alongside $8m in debt financing.
Bose goes from Cisco to new horizons
Joydeep Bose joined Cisco from Intel Capital in 2007 and oversaw its corporate venturing activities in the Asia Pacific Japan region.
Corporates dish up another $30m for iFood
Movile and Just Eat have reinvested in the Latin American food delivery platform, which will expand by buying Just Eat subsidiaries in Brazil and Mexico.
News Corp and CBRE dock at Matterport
The corporates are among the new investors that provided an undisclosed amount for the Qualcomm-backed immersive media technology provider.
Comcast targets Interactions in $56m round
Natural language technology producer Interactions boosted its overall funding to $150m in a round backed by Comcast Ventures, NewSpring Growth Capital and Revolution Growth.