CAA and Hearst were among the investors in a $12m round for DRL, which has struck deals for its 2016 season with ESPN, Sky and ProSiebenSat.1.
Month: September 2016
Renmatix processes $14m in Total-backed round
The biomass-to-biofuel technology developer has secured $14m from Total and Bill Gates, weeks after a securities filing indicated it would raise $31m.
Thalmic Labs records $120m funding result
The gesture control technology company has closed a $120m round co-led by Intel Capital, Amazon Alexa Fund and Fidelity Investments Canada.
Rakuten recognises ViSenze in series B round
Rakuten Ventures has co-led a $10.5m round for visual technology producer ViSenze, having also led its $3.5m series A two and a half years ago.
Fosun furnishes Goujia’s series A
The money will help home decoration e-commerce startup Goujia increase its headcount and further develop its hardware and products.
Huayi Brothers to entertain $45m CVC arm
Entertainment company Huayi Brothers will begin investing in content-focused startups through a new investment arm from the end of this month.
SoftBank makes Grab in $750m round
Ride hailing service Grab has closed a $750m series F round led by SoftBank that likely includes existing backer Didi Chuxing.
Le Supercar revs up with $1.08bn
The LeEco driverless car spinout has closed what it claims is the largest first round ever from an automotive startup, with Lenovo and Macrolink both contributing.
Hearst Ventures completes team after Kliavkoff exit
Kenneth Bronfin and Scott English will lead Hearst’s corporate venturing unit, with Gil Canaani coming in to head its Israeli investment team.
Fortis joins EIP’s Nexus
Energy Impact Partners has secured energy utility Fortis as a strategic investor and partner in its Nexus network.
Andela to fund graduates’ startups
Andela, which hires out software developers to other businesses, is hoping to invest in startups launched by those developers following their four-year fellowship.
Urban Engines finds its way to Google
GV and Samsung Ventures are each celebrating an exit after GV’s parent company Alphabet acquired Urban Engines for an undisclosed amount.
Trumpf launches corporate venturing campaign
The manufacturing equipment maker intends to build a $45m corporate venture capital portfolio by 2021, and plans to invest in around five startups a year.
KeyMe locks in $15m
Comcast and 7-Eleven have both returned to back a series C round for KeyMe, which has created technology to quickly duplicate digital automotive keys.