Glenmede Trust and the Ontario Pension Board have joined a $30m extension for Hired’s Comcast-backed series C round, which is now sized at $70m.
Month: November 2016
Walgreens sues portfolio company Theranos for $140m
The size of the suit represents the amount Walgreens had invested in the beleaguered blood testing company, once valued at $9bn.
Editorial: Making America ‘great again’ with Trump
Will corporate and other venture investors do more or less in the US in 2017? Or more or less in rest of world?
Sung switches planet to Hanwha
Jung Woo Sung, formerly the chief financial officer and head of corporate development at SK Planet and Shopkick, has joined Hanwha Asset Management as CEO.
Huawei visits Singapore for IoT incubator
China-based telecom equipment and services provider Huawei and National University of Singapore’s entrepreneurial education arm, NUS Enterprise, have formed an internet-of-things (IoT) accelerator called I5Lab, Tech in Asia reported on Monday. I5Lab aims to develop IoT innovations in areas such as smart living, transport and logistics. The IoT industry could generate up to $11.1 trillion… Continue reading Huawei visits Singapore for IoT incubator
The Future Group looks forward with $20m
Aker was among the investors in a series C round that will support the launch of a 3D visual effects platform and an interactive mixed reality TV show.
Forrest ventures off Highway1
Brady Forrest is stepping down from the vice-president role at PCH incubator Highway1 and is being replaced by Kurt Dammermann.
Interview: The probability and magnitude factors
Kaloyan Andonov spoke with Andrew Pitz, an associate at Transamerica Ventures, a New York firm that acts as the corporate venturing unit of Netherlands-based Aegon Insurance and its US-based subsidiary, Transamerica Life Insurance.
Finding and creating new value in mobility
Tom Whitehouse speaks with Jonathan Tudor, venture director at Castrol InnoVentures
Forging a shorter university startup licensing process
University corner
Corporate Venture in Brasil 2016
The Corporate Venture in Brasil 2015 event in October last year was the launch of a program with a full suite of resources to support corporations doing business and matching partners, deals and technologies. Around 600 leaders and investors joined hosts Apex-Brasil and Global Corporate Venturing for this first industry meeting point in Sao Paulo. Last month was the second annual edition, with the third planned for the week of 23 October 23 next year.
Gfresh catches $20m from Alibaba and Legend Holdings
Legend Capital and the Alibaba-backed Riverhill Fund have invested $20m in seafood trading platform Gfresh, which will leverage their affiliate companies to grow.
Cohero Health breathes easy with $9m
Blue Cross Blue Shield of Massachusetts, Heitkamp & Thumann and Guardian Life Insurance have contributed to the respiratory monitor device developer’s series A round.
Corwave surges with Novo-led series B
Novo Seeds led a $17.1m round for the medical device developer, which had been backed by Medtronic at series A stage.