A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.
Month: September 2016
Corporate venturing deal net: 26–30 September 2016
Digi.me, the UK-based developer of a personal data storage platform, closed its series A round at $7m on Tuesday after adding $1m from impact investment firm Omidyar Network. Reinsurance firm Swiss Re led the first tranche of the round, which closed in July 2016, and Digi.me is working with health, finance, fast-moving consumer goods and… Continue reading Corporate venturing deal net: 26–30 September 2016
GE and Allied Minds study collaboration
GE Ventures and Allied Minds have established a strategic alliance to commercialise technologies from both partners’ pipelines.
Kyriba banks on Bpifrance for series D
France’s public investment bank Bpifrance has led a $23m series D round for Kyriba, which previously attracted capital from American Express.
Home Chef cooks up $40m series B
L Catterton, the private equity firm backed by LVMH, has led a series B funding round for Home Chef, which operates a meal kit delivery service.
Shape Security fits $40m into series D
GV had backed an initial $25m close in January 2016, with the extension provided by Hewlett Packard Enterprise.
Line seasons $45m Snow investment
Line has purchased a 25% stake in Snow, which operates an ephemeral photo sharing app similar to that of corporate-backed Snap.
Qihoo 360 helps stream $45m to Huajiao
The round was led by China state-owned entity Zhongshoujian and included a $9m contribution from Qihoo 360.
Yisheng Jinfu books $82m series B
The HNA subsidiary has obtained the cash from another HNA division, HNA-Caissa Travel Group.
Apttus cashes in on $88m series D
Salesforce-backed Apttus has added $88m to its coffers in a round that featured return backers such as sovereign wealth fund Kuwait Investment Authority, as it gears up for an IPO.
Line queues up fund commitments
Line has committed capital to funds managed by DAG Ventures and Korelya Capital, with the latter also attracting money from Naver for a total of $112.
Nutanix processes flotation
The cloud enterprise platform, backed by Sapphire Ventures, is set to make its debut on Nasdaq today after securing nearly $238m in an initial public offering yesterday.
MSD and Wayra UK accelerate Velocity
Merck Sharp & Dohme and Wayra UK have joined forces again to welcome a second cohort to their digital health accelerator program Velocity Health.
Mérieux boosts investment team
Merieux Developpement, the strategic investment unit of healthcare technology company Institut Mérieux, has strengthened its investment team with three new appointments as it looks to expand its capabilities in the US and Europe. Jean-François Billet has been named as senior partner and will be based in Paris. He most recently served as senior vice-president for… Continue reading Mérieux boosts investment team