AppNexus, already backed by WPP, Microsoft and Deutsche Telekom, has added News Corp to its shareholders as part of a strategic partnership with its Unruly subsidiary.
Month: October 2016
Kibo Ventures raises $79m for second fund
Spain-based venture capital firm Kibo Ventures has raised €71m ($79m) from limited partners including telecommunications firm Telefónica for the first close of its second fund, Tech.eu has reported. Kibo initially invests between €500,000 and €1m in each portfolio company at early but not seed stage, providing up to €5m in total and taking a stake… Continue reading Kibo Ventures raises $79m for second fund
Salesforce finds Krux in $700m acquisition
Time Warner Investments and IDG Ventures are set to exit marketing data management platform Krux in a cash and stock deal.
Ideo designs investment firm
Ideo has joined forces with VC firm Genuine Startups to jointly launch a venture capital firm dubbed D4V.
AmEx directs series C funding at Coraza
American Express Ventures has led a series C round in Coraza Technologies, which has developed software to help manage customer support.
Simplus streamlines $7m series A
Simplus, operator of a quote-to-cash system built atop Salesforce’s offering, has raised money from investors including Salesforce Ventures as it acquired BaldPeak Consulting.
Toreta manages $12m booking
NTT Docomo, Salesforce and Mitsui Sumitomo Insurance have taken part in a funding round for the customer management platform, with a lead investment from Eight Roads.
Investors consign $38m to Remitly
Silicon Valley Bank and International Finance Corporation have committed a total of $38m in equity and debt financing to Remitly.
Rover fetches $40m series E
Petco-backed Rover has closed a series E three weeks after reportedly seeking a funding round that would value it at nearly $300m.
Carrick targets $95m investment
Evotec and GV have invested in Carrick Therapeutics, a company commercialising research from institutions including Cambridge and Oxford universities and Imperial College London.
Canada plans support program
Canada’s new Liberal government has set out an Innovation Agenda and has been preparing support measures for local corporate venturing after research by Global Corporate Venturing* showed its relative underperformance compared to other countries.
Microsoft continues rapid hiring and investment pace
US-listed software provider Microsoft’s corporate venturing unit has hired more people alongside a surge in deals since its head, Nagraj Kashyap (pictured), joined at the start of the year. Microsoft Ventures has hired Leo de Luna, previously a principal at venture capital firm Split Rock Partners, as managing director to cover California’s Bay area and… Continue reading Microsoft continues rapid hiring and investment pace
Leeney leaves Telefonica
Jack Leeney, US head of investing for Telefonica Ventures, the corporate venturing unit of the eponymous Spain-based phone operator, has left after nearly five years at the firm in order to be a partner at SP Global Capital. SP is an independent growth technology fund founded by SP Global Capital and backed by ProSiebenSat.1, a… Continue reading Leeney leaves Telefonica