Regional Report: Brazil
Month: September 2016
Zenedge sharpens up in series C round
Telus and Zoho were among the backers as the cybersecurity startup raised $6.2m and took its overall funding to almost $14m inside two years.
Summer slowdown
Over the summer months of July and August we tracked a total of 235 investment deals involving corporate venture investors, with an estimated $9.87bn of total capital involved. More than half of all tracked deals (142) took place in the US. Other important investment geographies were China (24) and India (16). The number of deals… Continue reading Summer slowdown
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Blackstorm gathers $33.5m as Rakuten invests
Rakuten has joined investors including Highland Capital and Alsop Louie to fund Blackstorm, which aims to help developers sell their apps outside the two big stores.
SessionM attracts Salesforce for $35m series D
The automated loyalty marketing platform, which is also backed by NTT Docomo, has now raised almost $74m altogether and is valued at $205m.
Apollo Endosurgery finds its way to Lpath
Novo and others are set to reinvest in Apollo Endosurgery after it agreed to acquire Nasdaq-listed Lpath in a deal that will speed up its progress towards an initial public offering.
Byju’s stays on course with $50m
Times Internet has taken part in the education app provider’s latest round, closed just after a $75m round earlier this year.
SEB helps Alkemics quantify $22.5m series B
Alkemics, a smart data platform that helps manufacturers manage product details, has added $22.5m to its coffers following a series B round backed by SEB.
Agrivida reaps cash in series E round
The Syngenta and Sumitomo-backed agritech developer has raised $20.4m in the first tranche of a series E round expected to close at $24m.
Foxconn produces $120m Didi Chuxing investment
The contract manufacturer has joined a raft of investors in the ride ordering company that include Apple, Tencent, SoftBank, Alibaba, China Life and Ping An.
AXA makes Evercontact with $1m
Email contact management tool Evercontact will also be the first startup to join the insurance group’s AXA Factory accelerator.
Chrono triggers $47m series B
Chrono Therapeutics, developer of a digital drug delivery system, has raised $47.6m in a Kaiser Permanente-led round that included several other corporates.
BASF looks to grow startups with AgroStart initiative
BASF and accelerator Ace have launched a scheme that will provide up to $47,000 each for three South American agricultural technology startups.