Avery Dennison has led a $22m funding round for the flexible electronics producer, while existing shareholders ARM and Cambridge Innovation Capital returned.
Month: October 2016
Big Deal: Group Nine to benefit from Discovery
Discovery Communications’ $100m investment in newly formed digital media holding company Group Nine Media is part of a trend in consolidation as online media moves further toward video.
Mobike gets on its bike for nine-figure round
Tencent has joined a series C round for the bicycle sharing startup sized at more than $100m which, reportedly, included Bertelsmann Asia Investments.
Corporate venturing deal net: 10-14 October 2016
US-based autonomous car technology startup Nauto has received an undisclosed amount of funding from Allianz Ventures, BMW i Ventures and Toyota Research Institute, respective subsidiaries of insurance group Allianz and carmakers BMW and Toyota, with all three investing as part of newly formed strategic agreements. The capital influx follows $2.8m in debt financing in October… Continue reading Corporate venturing deal net: 10-14 October 2016
News roundup 17 October 2016
A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.
Contessa counts up $7m
Home care optimisation company Contessa Health has raised new funding from a consortium including Marshfield Clinic Health System and BlueCross BlueShield Venture Partners.
Pluto TV channels $30m
ProSiebenSat.1 has led a series B round that included Scripps Networks Interactive and existing backer Sky, and which valued the online TV service at $143m.
Dalian Wanda helps park $230m in ETCP
Smart parking app developer ETCP has followed a $50m BitAuto-backed series A round with a huge series B led by Wanda subsidiary and strategic partner Ffan.
WeWork pushes series F round to $690m
Hotel chain Jin Jiang was among the investors that added $260m to the $430m raised by the workspace provider, now valued at $16.9bn, in March.
C1X markets $8.5m series B
The amount marks the first close of a larger round for the Mynavi-backed online advertising platform, though the target size has not yet been revealed.
Hyperloop One ties up $50m DP World investment
Hyperloop One, already backed by GE and SNCF, has now secured a total of $160m, with the latest cash injection in the form of a convertible note.
Iora Health flourishes with $75m
GE Ventures, which backed Iora Health’s $28m series C round last year, has returned for a Temasek-led series D that took the company’s total funding to more than $120m.
SoftBank and Saudi Arabia to partner for $100bn fund
SoftBank is committing $25bn to its SoftBank Vision Fund, with up to $45bn to come from Saudi Arabia’s sovereign wealth fund and up to $30bn from additional backers.
Group Nine Media gets $100m Discovery investment
Discovery Communications has made a strategic investment in digital media holding company Group Nine, formed by NowThis, Thrillist, The Dodo and Seeker.