The China-based educational technology developer has raised $37m from backers including Qualcomm, following a reported $18.8m series A round in 2015.
Month: October 2016
Propeller Health accelerates to series C stage
Respiratory medicine company Propeller Health has added corporates 3M, GlaxoSmithKline and Hikma to its list of shareholders in a $21.5m round.
BlackThorn blooms with $40m series A
Johnson & Johnson has taken part in a round for BlackThorn Therapeutics, which is targeting neurobehavioural conditions like depression or obsessive compulsive disorder.
Emulate expands series B to $45m
Emulate has increased a round already backed by Cedars-Sinai and LabCorp from $28m to $45m following an extension provided by unnamed new investors.
NBCUniversal to top up Buzzfeed with $200m
NBCUniversal is doubling its investment in the SoftBank and Hearst-backed online media company, providing the capital at a reported $1.7bn post-money valuation.
Fund in the News: Santander InnoVentures
Santander’s financial technology investment unit has backed startups including Kabbage, Ripple and Cyanogen, and doubled its size to $200m in July.
News round up 24 October 2016
A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.
Sumitomo hits Workspot in $6.2m round
The conglomerate’s Presidio Ventures unit led a Qualcomm-backed series B round that increased Workspot’s overall funding to more than $13m.
Mavalon comes out of Domain with $9.8m
France-based biopharmaceutical company Domain Therapeutics has launched a spinout called Mavalon Therapeutics to develop a Parkinson’s disease treatment, and venture capital firm Medicxi has pledged up to €9m ($9.8m) in funding. Mavalon is working to develop a small-molecule oral treatment for Parkinson’s that will work by inducing the production of Glial cell line-Derived Neurotrophic Factor, a… Continue reading Mavalon comes out of Domain with $9.8m
Corporate venturing deal net: 17-21 October 2016
Renegade Brands, USA, a US-based developer of a high-performance cleaning system for sporting apparel called Sweat X, completed a $5m funding round on Tuesday led by diversified holding group Eldridge Industries and backed by Elysian Park Ventures, the venture capital vehicle formed by the ownership group of the Los Angeles Dodgers baseball team. Renegade is… Continue reading Corporate venturing deal net: 17-21 October 2016
Eos Energy Storage powers up with $23m
The grid-scale battery producer, which has received funding from NRG and OCI Solar in the past, has raised $23m through a private placement.
Baobab Studios screens corporates for $25m series B
The animated virtual reality content producer’s investors include Comcast, Samsung, HTC, Youku Tudou, Twentieth Century Fox and Shanghai Media Group.
Walmart extends Chinese spree with $50m New Dada investment
Walmart supplied the funding as part of a strategic partnership that will involve New Dada providing delivery services from the firm’s Chinese stores.
iRhythm overshoots expectations with $107m IPO
The Novo, St. Jude and Kaiser Permanente-backed cardiac diagnostics technology developer floated above its range and closed its first day of trading 53% up on its IPO price.