In an industry that moves as fast as venture capital, all sorts of ideas can get swept up in the hype machine and quickly crowned as the newest of new things. So it is with recent talk about startup investing. Venture firms and funds, evangelists preach, have to do more than write checks; they must… Continue reading Comment: There’s more to venture capital than just capital
Month: October 2016
Zipwhip cracks series B with $9m
Microsoft, GCI and Inteliquent all made strategic investments in the business texting platform developer, which raised $5m in early 2015.
Ovia raises $10m in new funding
Ovia Health, the parenting and pregnancy app developer, has rebranded from Ovuline and secured $10m from investors including Blue Cross Blue Shield of Massachusetts.
ZF Friedrichshafen starts up corporate venturing vehicle
The automotive components producer will invest in technologically relevant companies at early and late-stage through the newly formed Zukunft Ventures unit.
Celleron to secure $16m
UK-based cancer therapy developer Celleron Therapeutics is lining up $16m in funding from a consortium including NHN Investment, the corporate venture capital arm of internet company Naver, the Korea Herald has reported. Korea Investment Partners is investing $6m while NHN and two unnamed venture capital firms based in Korea are providing the other $10m. Founded… Continue reading Celleron to secure $16m
Snapsheet documents $20m series C
Liberty Mutual, Intact, USAA and Fidelity have contributed to a $20m series C round for Snapsheet, the developer of a virtual claims platform for drivers.
FirstCry stands tall with $34m
FirstCry has raised funding from investors including Mahindra Group and IDG as it acquires BabyOye, itself a subsidiary of Mahindra, for $54m.
WealthNavi accumulates $15m in series B round
Subsidiaries of SBI Holdings, Mizuho Bank, Development Bank of Japan and Sumitomo Mitsui Financial Group took part in the robo advisor developer’s latest round.
Comcast cables Moorjani for MD role
Dinesh Moorjani has been appointed as managing director based in Santa Monica for Comcast Ventures, having previously run IAC’s Hatch Labs incubator.
ADC Therapeutics completes $105m private placement
Existing investor AstraZeneca was among the investors that took part in the placement, which lifted the cancer drug developer’s overall financing to $255m.
MakeMyTrip and Ibibo join forces in $1.8bn deal
Ibibo owners Naspers and Tencent will acquire a 40% stake in the combined company as part of the all-share deal, while Ctrip will pick up 10%.
Startups to land at IAG’s Hangar 51
International Airlines Group and L Marks are partnering for a startup accelerator that will support and invest in aviation technology startups.
Bpifrance helps forge $165m Allianz fund
The fund, managed by Idinvest Partners, has achieved an initial $88m close and is expected to reach its final close in 2017.
Shanghai finds corporates with the right material for $48m fund
The Chinese city of Shanghai’s Baoshan district government has formed a RMB400m ($48m) venture capital fund in partnership with three corporates, Shanghai Daily reported on Saturday. Industrial product manufacturer General Electric, electronics producer Samsung and diversified manufacturing conglomerate Sabic will join the district in backing the fund, which will invest in startups focused on advanced… Continue reading Shanghai finds corporates with the right material for $48m fund