Novartis has co-led a $17m series A round for Inflazome, which is working on treatments for a range of chronic inflammatory diseases.
Month: September 2016
Corporates to take leave of Sensity in Verizon acquisition
Simon Property, Cisco, General Electric and Acuity Brands are set to exit LED technology provider Sensity Systems, which will be bought by Verizon.
Baidu helps ship $25m to OTMS
The corporate returned to support a series B round for OTMS, developer of a cloud platform that connects logistics companies and shipping providers.
Information Venture Partners powers on toward $100m
Financial conglomerate Power Financial Corporation has contributed to a $96m second close for the firm’s latest’s fund, which also counts D+H as a limited partner.
Foxconn helps Sinovation with $675m fundraise
Foxconn is the anchor investor in a $300m dollar-denominated fund closed by VC firm Sinovation Ventures alongside a $375m renminbi fund.
Baidu launches $200m corporate venturing unit
Baidu Venture will target artificial intelligence, virtual and augmented reality startups, and will operate separately to Baidu’s existing CVC activities.
Corporates prove someone likes a SmartAsset after all
Personal finance modelling company SmartAsset has raised $12m in series B funding from investors including New York Life and Transamerica Ventures.
Rover goes for a $40m walk
The Petco-backed dogwalking service marketplace is reportedly set to close a series E round that will value it at close to $300m.
Soft Machines to be consumed by Intel
Intel has reportedly agreed to buy the semiconductor technology developer in a $250m deal that will provide exits to AMD, Samsung and GlobalFoundries.
Huazhu visits Fountown for $30m series A
Co-working space provider Fountown has achieved a $150m valuation in a series A round led by CDH Investments that included Huazhu Hotels Group.
Big Deal: AcuFocus captures $66m
The Medtronic and Bausch & Lomb-backed eye care medical device maker has raised $66m in a KKR-led round that took its total funding to more than $215m.
Signifyd charges to $19m
American Express has contributed to a $19m funding round that follows the anti-fraud technology developer’s $20m series B round in February this year.
HaloDoc examines $13m series A
HaloDoc, backed by corporates Go-Jek and Blibli, operates an online platform that connects patients to licensed doctors, medical lab services and partner pharmacies.
Government and university support venture diversity
There is little question the venture market is becoming larger, but also more diverse. Since the start of last year, 811 European VCs have participated in at least one of the 2,680 venture deals completed across the continent, according to our data partner, PitchBook, which noted that globally, VC fundraising hit a record in the… Continue reading Government and university support venture diversity